Yep and here is a news release on GNNX ..
(PR NEWSWIRE) DJ: Genesis Media Group, Inc. Announces $120 Million Contrac
DJ: Genesis Media Group, Inc. Announces $120 Million Contract
Genesis Media Group, Inc. Announces a Telecommunications Contract with
Anticipated Gross Billing for the Company in Excess of $120 Million Annually
CULVER CITY, Calif., April 22 /PRNewswire/ -- Don R. Logan, Chairman of the Board of Genesis Media Group (OTC Bulletin Board: GNNX) announced today that Genesis Media Group has entered into a definitive agreement to establish a telecommunications service network to the country of Mexico. The network is currently under construction and is anticipated to be active over the next
35 to 45 days.
Genesis Media Group has acquired the capacity to provide a minimum of 600 million minutes of long distance service over a 12 month period. The various customers that have committed to the service will provide letters of credit equal to 2 weeks worth of billing on a revolving basis. Gross billings to Genesis will be approximately $11 million per month. Genesis will realize the first billings in approximately 2 months.
Genesis Media Group, Inc., is in the business of media advertising, media placement, telecommunications and networking. Genesis offers professional production and post-production services. Genesis is also involved with various advertising and media ventures. Utilising their extensive in house music library, the Company is able to re-score music soundtracks for motion
pictures and television productions.
Certain statements in this press release may include forward looking estimates such as availability of funding as well as technical and business progress. The Company's actual results may vary due to risk uncertainties such as delays in installation of equipment.
/CONTACT: Jay Goldberg, Investor Relations of Carnegie Cooke & Co., Inc.
for Genesis Media Group, Inc., 800-262-2331, jayg@sprintmail.com; or Dutch
Associates, Investment Banker, 718-850-5966/
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