Genesis Products Division Enters New Government Assisted-Living Housing Market

MISSISSAUGA, ONTARIO, Oct 23 (MARKET WIRE) --
Genesis Worldwide Inc. ("Genesis" or the "Company"), (TSX: GWI)(AIM:
GWI), an industry leader in "green" structural building technologies,
today announced that its Genesis Products Division and subsidiary, KML
Building Solutions ("KML"), has been contracted to build green affordable
housing units in Cambridge, Ontario for low income families.

KML will supply all the light steel framing needs for the government
assisted-living mid-rise multi-family structure. Onsite work has
commenced, and the estimated completion date for KML's portion of
construction is January 30, 2009. This project represents a four-storey
building which meets a high standard of fire requirements in the Ontario
Building Code. KML will supply and install the Genesis Solution, which
includes the Genesis Wall Panel System, Genesis iSPAN(TM) Floor System
with Metal Deck and Concrete, as well as a Genesis Roof Truss Solution.

Genesis' light steel structural building technology is environmentally
conscious and energy efficient, as well as being fire resistant, which
will provide a superior, safe living environment. Air quality remains
superior because light steel buildings are allergen-free, mould-free and
toxin-free. KML and Genesis have the experience and successful track
record to build affordable housing in the marketplace.

Genesis' President and CEO, Vince Mifsud, says Genesis is excited to be
part of this affordable housing project. "This is the first project for
KML in this particular market segment. We are pleased to be building
quality residential structures that are important for residents in
Cambridge. The government assisted-living market is an interesting niche
for our licensees. Our Genesis Solution fits particularly well where
there are multiple family units connected and when combustibility and
sound are concerns, which is the case here. Importantly, our solution
also allows for buildings to take on many different architectural styles
in order to blend into the community without looking like a block of
apartments."

Added Mifsud, "The quality and speed of the Genesis Solution means that
families will be able to benefit from these mid-rise residential units
within a short time-frame. Significantly, this housing project will have
a long standing impact on the Cambridge community for many years to come."

About KML Building Solutions

KML utilizes Genesis' framing technology to provide builders with higher
quality, faster and more cost effective framing solutions than the
traditional framing methods of the past. Innovative light steel building
materials and a fully integrated "turn-key approach" to framing
construction sets KML apart and provides builders with a more simplified
building process with considerably less risk. KML has become a leading
light steel framing innovator and provider focused on the Ontario market,
and has constructed over 400 projects totaling approximately ten million
square feet. KML's manufacturing facility is located in Vaughan, Ontario,
Canada and is Genesis' first Canadian licensee. For additional
information about KML, visit www.kmlbuildingsolutions.com.

About Genesis Worldwide Inc.

Genesis develops and licenses structural building technology aimed at the
residential, commercial and institutional building markets. Genesis
offers licensees a turn-key solution enabling them to custom design,
manufacture and install complete light steel building structures. The
Genesis Solution encompasses engineered processes and materials that are
environmentally sustainable or "green". Genesis is headquartered in
Mississauga, Ontario, Canada and has licensees in the United States,
Canada, Europe and the Middle East. For additional information about the
Company, visit www.genesisworldwide.com.

Caution Regarding Forward Looking Information

Certain statements in this press release which are not historical facts
constitute forward-looking statements or forward-looking information
within the meaning of applicable securities laws ("forward-looking
statements") and are made pursuant to the "safe harbour" provisions of
such laws. Statements related to the Company's projected revenues,
earnings, growth rates, performance, business prospects and opportunities
are forward-looking statements, as are any statements relating to future
events, conditions or circumstances. The use of terms such as "may",
"will", "should", "plan", "believes", "predict", "potential"
"anticipate", "expect", "project", "target", "estimate", "continue" and
similar terms are intended to assist in identification of these
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and assumptions including expected growth, results of operations,
performance and business prospects and opportunities. These assumptions,
although considered reasonable by the Company at the time of preparation,
may prove to be incorrect.

Readers are cautioned not to place undue reliance upon any such
forward-looking statements. Such forward-looking statements are not
promises or guarantees of future performance and involve both known and
unknown risks and uncertainties that may cause the actual results,
performance or achievements of the Company to differ materially from the
results, performance, achievements or developments expressed or implied
by such forward-looking statements.

Many factors could cause the actual results of the Company to differ
materially from the results, performance, achievements or developments
expressed or implied by such forward-looking statements, including,
without limitation, those factors discussed under the heading "Risk
Factors" in the Company's most recent Annual Information Form ("AIF"), a
copy of which is available on SEDAR at www.sedar.com. Forward-looking
statements are based on management's current plans, estimates,
projections, beliefs and opinions, and the Company does not undertake any
obligation to update forward-looking statements should assumptions
related to these plans, estimates, projections, beliefs and opinions
change.

Contacts:
Genesis Worldwide Inc.
Catherine Smyth
Manager, Investor Relations
(905) 285-9909, ext. 302
Website: www.genesisworldwide.com

Canaccord Adams
Robert Finlay / L. Warren Pimm
+44 020 7050 6500

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