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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (8334)	10/7/1998 10:07:00 AM
From: Harry_Behemoth	Respond to of 25711

Wednesday October 7, 9:03 am Eastern Time Company Press Release SOURCE: Genesis Media Group, Inc. GENESIS MEDIA GROUP, INC., announces corporate up-date LOS ANGELES, Oct. 7 /PRNewswire/ -- Genesis Media Group, Inc. (OTC Bulletin Board: GNNX - news), expects to realize strong sales and earnings growth for the second half of 1998 into 1999. The Company expects to see continued growth through further mergers and acquisitions as well as increased revenue from existing subsidiaries and current projects. The recent acquisitions made by Genesis Media Group, Inc., of Genetic Evolutionary Nutrition (GEN)www.genn.com, as well as Midnight Marquee Entertainment (M4 Radio Program)www.M4radio.com, represent our continued effort and desire to capitalize on excellent opportunities with exceptional growth potential that become available to the company. Don R. Logan, Chairman of the Board stated the following: ''Its extremely exciting and fulfilling heading an explosive growth company such as Genesis. We believe that these acquisitions as well as all acquisitions that are made by Genesis, will give the company the flexibility necessary to become a force in the entertainment and marketing industry, as we approach the new millennium.'' Telecommunication Services: Due to technical and supplier delays, the launch of Genesis's Telecommunication contracts, should commence in the forth quarter of 1998. Notwithstanding theses unforeseen delays, Genesis feels confident that the forth quarter of 1998, should produce spectacular results. Frank Sinatra Music Distribution: Due to the fact that the market is strong for Frank Sinatra memorabilia, domestic and international sales are currently ongoing. James Dean: Our James Dean Project is approximately 90% complete. More information to be released, as we near completion. Web Site: Genesis is currently in the process of creating a new web site, which will be a lot more informative to our shareholders on the operations of our company. New Office Facilties: Genesis Media Group, Inc. is currently in the process of moving to new office facilities located at, 5757 W. Century Blvd. Ste# 340, Los Angeles, Ca 90045. These new executive offices are needed due to the expansion of our current operations. Our phone systems will be temporarily of line today, October 7th, 1998, and will be operational on Thursday, October 8th, 1998. The forward looking statements in this release involve risks and uncertainties, including but not limited to the successful completion of the projects are subject to the number of uncertainties and unforeseen events. There can be no assurance of the goals of the company stated herein may be realized. Forward-looking statements represent the company's beliefs and expectations concerning future events. These forward-looking statements are qualified by important factors that could materially impact the company's business and its ability to complete these projects. SOURCE: Genesis Media Group, Inc. --------------------------------------------------------------------------------