Genesis Electronics Strengthens Management Team With New President

Mon Jul 13, 2009 10:24am EDT
 
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  HOLLYWOOD, FL, Jul 13 (MARKET WIRE) -- 
Genesis Electronics, Inc., a division of Genesis Electronics Group, Inc.
(OTCBB: PRCC), announced that Mike Lattuca has been named President. The
appointment comes as part of the corporation's ongoing efforts to enhance
its senior management staff with highly qualified and experienced
executives as it moves forward with development of its innovative solar
powered products.

    Mike Lattuca comes to Genesis with over 20 years of manufacturing,
importing, marketing and international sales experience, specializing in
product development and market penetration. Mike's track record for
bringing viable products and business solutions to fruition on a worldwide
market scale is exceptional.

    Mr. Lattuca commented, "I am excited to have joined the senior management
team of Genesis Electronics. Understanding the need to 'Go Green' and
offering our patented technology to the world of cell phone users is
essential, globally sound and ecologically responsible."

    Genesis holds a U.S. patent for a unique solar-powered charging technology
that can be used for vastly increasing the reliability of hand-held and
portable electronic devices that frequently suffer from power loss due to
limited traditional battery capability. The company is completing
development of a solar-powered charger for popular, multi-functioned cell
phones under the name SunBlazer(TM) and expects to bring the product to
market within the next several months.

    Mr. Lattuca went on to say, "Genesis is perfectly positioned to add
tremendous value to the more popular cell phone manufacturers worldwide by
offering our 'Green' solution to a global market salivating for an
alternative and extremely convenient solution for cell phone charging.
Having recently opened our international distribution opportunities, we
recognize the need to support all markets globally with our patented solar
technology. We look forward to continued rapid traction in the global
markets in full support of our cell phone manufacturers' relationships,
both domestically and abroad."

    Ed Dillon, President & CEO of Genesis Electronics Group, Inc., added, "The
addition of Mike to head up our Genesis Electronics subsidiary is an
important milestone for our organization. Mike's combination of
experience, expertise and enthusiasm will better enable us to successfully
launch and distribute our products."

    For Information about Genesis Electronics and the SunBlazer(TM), visit the
company's website www.genesiselectronics.net.

    Forward-Looking Statements

    Except for historical matters, matters discussed in this release are
forward-looking and are made pursuant to the safe harbor provisions of the
1995 Private Securities Litigation Reform Act. Investors are cautioned
that these statements reflect numerous assumptions and involve risks and
uncertainties that may affect Genesis Electronics Group, Inc., its
business and prospects, and cause actual results to differ materially
from these statements. Among these factors are Genesis Electronics Group,
Inc.'s operations; competition; entry barriers; relationship reliance;
technological changes; product demand; new systems introduction; vendors
pricing; supply of software.

    In light of risks and uncertainties in these forward-looking statements,
they should not be regarded as a representation by Genesis Electronics
Group, Inc. or any other person that the projected results, objectives or
plans will be achieved. Genesis Electronics Group, Inc. undertakes no
obligation to revise or update these statements to reflect events or
circumstances after the date hereof.

    

CONTACTS:
Investor Relations
Ed Dillon
President, Genesis Electronics Group, Inc.
(954) 272-1200

Copyright 2009, Market Wire, All rights reserved.

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