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Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: Can Do Stocks 2 who wrote (13547)	7/22/1999 2:43:00 PM
From: LANCE B	Read Replies (2) \| Respond to of 13776

GNNX- NAME CHANGE AND NEW DIRECTION OF BUSINESS now lets get to a real good play..i was told to expect volume very soon .. (COMTEX) B: GENESIS MEDIA GROUP, INC. SIGNS LETTER OF INTENT WITH OPE B: GENESIS MEDIA GROUP, INC. SIGNS LETTER OF INTENT WITH OPEN DOOR RECORDS, INC. LOS ANGELES, Jul 6, 1999 /PRNewswire via COMTEX/ -- Genesis Media Group, Inc. (OTC Bulletin Board: GNNX) announced that it signed a letter of intent on June 24th, 1999 to acquire all of the outstanding shares of Open Door Records, Inc. and change its name to Open Door Online, Inc. subject to shareholder approval for each of the companies. Open Door Records, Inc., founded in Rhode Island in 1997 is a multi-faceted entertainment company. The Company is comprised of an aggressive and diverse nest of labels, a distribution and publishing firm,a knowledgeable live performance division, a savvy marketing and promotional arm, a professional recording studio and a state of the art multimedia Internet website which is a one-stop portal for music lovers, concert-goers, artists or other independent record labels. The Company's strategy is to build loyal user communities around www.OpenDoorMusic.com, a multimedia Internet web site that provides music content and enables consumers to purchase compact discs ("CD's") and related merchandise. The Company believes that as its user base continues to grow, it will be able to generate revenues from music sales, related merchandise, advertising and various promotional and sponsorship programs. Open Door Online, Inc. will provide a wealth of information in a highly personalized, interactive context which will create an entertaining environment that attracts traffic to its website, fosters brand awareness and encourages purchases of music and related merchandise. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies and products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please visit the company's Website at www.OpenDoorMusic.com. For further information contact Investor Relations at (301) 665-0221 SOURCE Genesis Media Group, Inc. (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Investor Relations for Genesis Media Group, Inc.