|
Establishes investment vehicle SinoVentures Holdings Ltd 11.09.08
Geo Genesis Group Limited / Ticker: GEOP / Market: PLUS
11 September 2008
Geo Genesis Group Limited (`Geo Genesis' or the `Company')
Establishes Chinese focused investment vehicle SinoVentures Holdings Ltd
Geo Genesis Group Limited (PLUS: GEOP), an emerging markets advisory and
investment company has completed the establishment of a China based venture
affiliate company SinoVentures Holdings Ltd. (`SinoVentures'). SinoVentures,
which is circa 40% owned by Geo Genesis and at least 15% owned directly and
indirectly by Geo Genesis Directors, is a Jersey incorporated holding company
that currently holds and will make strategic investments in various early-stage
companies with operations in and/or related to The People's Republic of China.
SinoVentures' main strategy is to invest in businesses that are positioned to
take advantage of the domestic Chinese market and its rapidly expanding
consumer base and to profit from the delivery of Chinese products and services
to the global market. Shares are currently to be allotted (on a 1:1 basis) to
SinoVentures in four companies pursuant to letters of intent entered into
between SinoVentures and various founder shareholders of the companies referred
to below.
Dragonsource Trading Ltd. (see www.dragonsourcetrading.com): This is a Hong
Kong incorporated company, which through its Cyprus subsidiary, is an import
and export company and facilitator of logistics relating to the distribution of
Chinese manufactured products to regions including the Eastern Mediterranean,
Balkans, Mid East and North Africa. SinoVentures will hold a 67 per cent.
interest.
Global Sealand Engineering Plc (see www.globalsealand.com): A Company designing
and manufacturing proprietary, compact, modular wastewater treatment facilities
for use in residential, industrial and municipal applications. The company is
incorporated in the British Virgin Islands and also provides waterfront
development consulting services including marina design and construction.
Global Sealand Engineering intends to develop a presence in The People's
Republic of China to take advantage of the opportunities presented by the
wastewater treatment market. SinoVentures will hold a 52 per cent. interest.
Mediaglobe, Inc. (see www.mediaglobe.tv): A Company incorporated in the
Marshall Islands providing comprehensive design, branding and marketing
services to Chinese companies seeking access to western markets, as well as for
western companies seeking access to the Chinese market. Mediaglobe specifically
focuses on companies that are seeking investment from public equity investors
through an issue of its securities on western capital markets. The company has
the exclusive worldwide (save for the UK, Germany and The People's Republic of
China) commercialisation and distribution rights for Privat Magazine, a
magazine focused on inbound and outbound Chinese investment opportunities,
which is currently printed in German and Chinese. SinoVentures will hold a 90
per cent. interest.
Tradition Foods Ltd (see www.traditionfoodsinternational.com): A Company
promoting and operating ethnically diverse restaurant concepts in emerging
markets. It is currently focused on China but will seek to expand the concept
in additional Asian markets after its brands are established in The People's
Republic of China. The company, incorporated in the British Virgin Islands,
will advise and consult to food service companies looking to enter into
emerging markets as well as developing its own restaurant brands. Tradition
Foods currently has two "quick service restaurant" concepts in development for
the Chinese market, a Mediterranean style restaurant called "Zorbas Grill" and
a spicy chicken restaurant called "Buffalo Bill's Chicken" (although the latter
name has not yet been finalised). SinoVentures will hold a 67 per cent.
interest.
Roger Bendelac, Chief Executive Officer of the Company, said: "This is great
news for Geo Genesis and we look forward to realising the investment
opportunity each of our portfolio companies presents and the continued
enhancement of Geo Genesis' business model. The Management of Geo Genesis
believe that SinoVentures will continue to solidify its business reputation in
China."
Christopher Henderson, newly appointed Chief Executive Officer of SinoVentures,
commented: "We are very excited about our relationship with Geo Genesis and
look forward to further assisting our portfolio companies in the continued and
complete execution of their respective operating plans."
The Directors of Geo Genesis accept responsibility for this announcement.
* * ENDS * *
For further information visit www.geogenesisgroup.com or contact:
Roger Bendelac, CEO Geo Genesis Group Limited Tel: +1 (917) 969 5475
John Bridges Orange Corporate Finance Tel: 020 3301 3356
Hugo de Salis St Brides Media & Finance Tel: 020 7236 1177
Chris Welsh St Brides Media & Finance Tel: 020 7263 1177
Notes to Editors
Geo Genesis Group Limited, a Marshall Islands registered company which listed
on PLUS in April 2008, operates as an investment vehicle and/or strategic
adviser to companies based and/or operating in emerging markets, primarily
focused in China, seeking to raise capital in the EU, Hong Kong and the United
States. Its key objectives are to generate revenue and/or acquire equity
positions in investee companies, advisory clients or assets in emerging
markets. The Company is also establishing various sector specific private
equity closed-end investment companies to invest in investee companies
directly.
END
|