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Establishes investment vehicle SinoVentures Holdings Ltd 11.09.08 PDF Print E-mail
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

 
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