updated 5/2/2011 5:47:08 PM ET 2011-05-02T21:47:08

BOCA RATON, Fla., May 2, 2011 (GLOBE NEWSWIRE) -- Genesis Group Holdings, Inc. (OTCBB:GGHO), which operates through its subsidiary Digital Comm, Inc. (DCI), has begun to focus more on wireless network technologies and revenue derived from its master service agreements with major telecommunication providers. The Company provides turnkey operations in wireless, voice-data network technologies and utilities infrastructure for the communication industry. Based in part on these master service agreements, GGHO is expected to report an increase in revenues for the 1st Qtr 2011 over the same period last year.

Globally, telecommunications wireline and wireless revenues totaled an estimated $1.65 trillion in 2007. Growth in the industry is expected to be dominated by wireless and broadband, which estimates suggest may total two-thirds of an estimated $2.27 trillion market by 2012, all of which provides continued opportunities for the Company as infrastructure keeps up with demand and technology.

FORWARD-LOOKING STATEMENTS

Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in GGHO's annual report on Form 10-K for the most recent fiscal year, GGHO's quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

CONTACT: Lawrence Sands
         Senior Vice President, Genesis Group Holdings, Inc.
         561-988-1988

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.97%
$30K home equity loan FICO 5.23%
$75K home equity loan FICO 4.67%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.28%
13.21%
Cash Back Cards 17.74%
17.70%
Rewards Cards 17.01%
16.96%
Source: Bankrate.com