GTEC: Investing in China Made Simple
GTEC understands China. Government policies have funneled the vast majority of domestic capital to large state-owned enterprises, leaving small and mid-sized private enterprises perpetually starved for growth financing. Enter GTEC!
Private companies account for nearly 60% of China’s GDP, but receive only 27% of business loans (Far Eastern Economic Review, May 2006)
“China’s private companies have been systematically discriminated against by the capital market and the legal system. The state-owned banking system is notorious for molly-coddling the inefficient and debt-laden state-owned enterprises, while shying away from the vibrant private sector.” — Asia Times
Despite large foreign capital inflows in recent years, many prosperous private companies fall below foreign investors’ radar, either too small or too financially unsophisticated to attract foreign investment.
The World Bank raised its forecast for China’s growth this year to 10.4 per cent from an earlier 9.6 per cent. China’s economy expanded by 10.7 per cent in 2006, its fourth straight year of double-digit growth. There is no question but that world class companies will evolve in China. Genesis Technology Group is searching out these companies and nurturing them to their full potential.
Lotus Pharmaceuticals is a Shining Example of GTEC’s Success:
Lotus Pharmaceuticals, Inc. first quarter results indicate increasing revenue of 26.73% and working capital reaching nearly $10 million USD.
The Lotus 10-QSB filing showed total revenues for the three months ended March 31, 2007 were $8,289,535 as compared to total revenues of $6,541,095 for the three months ended March 31, 2006, an increase of $1,748,440 or approximately 26.73%. Lotus reported income from operations of $1,129,779 for the three months ended March 31, 2007. The Company’s working capital position increased $1,292,456 to $9,938,532 at March 31, 2007 from $8,646,076 at December 31, 2006.
GTEC conducts a rigorous investigation of potential companies and has a powerful team located in China. Their evaluation model is graphed below:
Stay tuned as we examine further evidence of GTEC’s successful selection process in China.
Source:
Genesis Technology Group, Inc. Boca Corporate Plaza
7900 Glades Road, Suite 420
Boca Raton, FL 33434
Phone: (561) 988-9880
Fax: (561) 988-9890
Email: General Information: info@genesis-china.net
Investor relations: clinton@genesis-china.net
About Genesis Technology Group, Inc.
Genesis Technology Group, Inc. (d/b/a Genesis China and GTEC) is a U.S. public company that partners with qualified Chinese companies to expand their domestic and international market opportunities. The customized private-to-public program seeks to tap in to Western capital markets to attain this goal. Commitment, dedication, and expertise are the key components to the Genesis “Mission Statement.” It has created a successful profit center by incubating Chinese companies in a wide range of sectors, creating so-coined “partner companies.” Genesis makes a long-term commitment with management consultation, board of directors composition, creation and implementation of successful business models, which include expansion of markets in China and abroad. To help drive the success and profitability of these operations, Genesis provides resources and proficiency to maximize partners’ leadership potential in China and attempts to increase high-margin, predictable earnings. For more information, visit http://www.Genesis-China.net.
Safe Harbor Statement and Disclaimer: Certain statements set forth in this press release constitute “forward-looking statements”. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate,” “project,” “intend,” “forecast,” “anticipate,” “plan,” “planning,” “expect,” “believe,” “will likely,” “should,” “could,” “would,” “may” or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company’s ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company’s limited operating history, the limited financial resources, domestic or global economic conditions — especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company’s business and financial results is included in the Company’s filings, available via the United States Securities and Exchange Commission. The capital and growth program, the Company’s central profit center, has specific risks and liabilities. Followers of our business model must understand that, until the Chinese partner company officially reaches public company status and files its initial Form 8-K, a high degree of risk exists that the partner may not ever attain that status. While receipt of a significant equity position in these companies is contractual, Genesis still recognizes that such compensation is conditional on performance and specific deliverables.
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