Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: R Hamilton who wrote (10734)	4/24/1998 10:54:00 AM
From: Due Diligence	Respond to of 34592

GNNX: more good news. Jimbo (PR NEWSWIRE) DJ: Genesis Media Group, Inc. Closes a 6 Million Dollar Cont DJ: Genesis Media Group, Inc. Closes a 6 Million Dollar Contract Genesis Media Group, Inc. Announces the Closing of Another Wholesale Telecommunications Contract Additional Annual Gross Billing To The Company Could Be As High As 24 Million CULVER CITY, Calif., April 24 /PRNewswire/ -- Don R. Logan, Chairman of the Board of Genesis Media Group Inc., (OTC Bulletin Board: GNNX) announced that the company has closed a telecommunications contract to provide wholesale long distance service to the country of China. The initial capacity will be for 1 million minutes per month, for the next 12 months, with the possibility of increasing to 4 million minutes per month within the first 30 days of service. The gross billings received from this contract, to the company, will be between 500,000 and 2 million dollars per month, and between 6 to 24 million dollars annually. Genesis is a diversified company in the business of media advertising, media placement, distribution, telecommunications and networking. With the use of the company's own studio facilities, Genesis offers professional production and post production services, by way of the industry's most advanced hi-tech editing equipment, Genesis also holds an extensive music library that is currently in the process of being digitally re-mastered. The company is able to re-score music sound tracks 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/ * end of story *