Press Release
Source: Genesis Technology Group, Inc.
Short Message Service Company Selects Genesis
Technology Group to Introduce SMS Applications to
Chinese Markets
Tuesday October 21, 7:00 am ET
China's Growth Dominates Global Market; Over 90 Billion Text
Messages Transmitted in 2002
BOCA RATON, FL--(MARKET WIRE)--Oct 21, 2003 -- Genesis Technology Group, Inc. (OTC
BB: GTEC) announced today the signing of two contracts with a U.S.-based short message
service company for marketing its text messaging applications in China. Genesis will forge
strategic alliances for this firm in China, with the cooperation of the world's two largest
telecommunications groups. Genesis will receive a per-message fee for each completed
communication.
Gary L. Wolfson, Genesis CEO, commented: "Latest figures released by China's Ministry of
Information Industry (MII) show China has the world's largest mobile phone ownership with 206
million subscribers -- or 16 in every 100 people owning mobile phones. In 2002, China's mobile
phone users sent over 90 billion text messages, from 18.9 billion in 2001 and one billion in
2000. Remarkably, one out of every three messages transmitted in the world is in Chinese.
"For over four months, we have been negotiating with this U.S. company to introduce its
technology to the Chinese markets. This firm is already operating successfully in over 200
countries worldwide. For its China initiative, our time-tested network has established critical
relationships with China Telecom and China Mobile Communications Group; these are the
largest communications companies in the world. It is our goal that our new partner can provide
services to a portion of the billions of messages being transmitted annually in China," Mr.
Wolfson concluded.
chart.bigcharts.com/bc3/quickchart/...81&mocktick=1&rand=6885" style="max-width:560px" >
