|
Cooperation Agreement With Chinese City 30.07.08
Geo Genesis Group Limited / Ticker: GEOP / Market: PLUS
30 July 2008
Geo Genesis ("Geo Genesis" or the "Company")
Signs Cooperation Agreement With Chinese City
Geo Genesis Group Limited, (PLUS: GEOP) an emerging markets advisory and
investment company, has signed an agreement with the Lin Yi City Bureau for the
Promotion of Foreign Commercial Activities, through its wholly owned subsidiary
Qingdao China Partners Investments Co., Limited, to assist in encouraging and
developing cooperation between Lin Yi and foreign based companies in investment
and manufacturing projects. The agreement with this key Chinese government
organisation further reinforces Geo Genesis's presence in the Shandong
Province.
Lin Yi is approximately 300km to the southwest from Qingdao and located on the
crossings of three major railways and two motorways. The city, which is at the
centre of a strong agricultural/farming area, acts as a distribution and
wholesale centre for the region's circa 10 million inhabitants. Accordingly,
its economy comprises of many companies in the agricultural sector, such as
food processing and farming machinery, as well as a number of chemical
enterprises.
Roger Bendelac Chief Executive Officer of Geo Genesis said, "The Lin Yi
agreement reinforces and underpins our position as a provider of business
consultancy and financing to local companies in the Shandong Province in China.
Our strategy of working closely with both local government and companies to
facilitate their advancement is showing results and we expect to develop this
agreement with the signing of contracts with companies operating in the Lin Yi
area."
* * 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
|