Geo Genesis Group Ltd - Two New Advisory Clients 06.03.09
Geo Genesis Group Limited / Ticker: GEOP / Market: PLUS
6th March 2008
Geo Genesis Group Limited (`Geo Genesis' or `the Company')
Two New Advisory Clients
Geo Genesis Group Limited, an advisory and investment company focussed on China and other emerging markets, has further expanded its client base having signed binding letters of intent with two Chinese based companies, Yawee Digital Technology Co. Ltd. (`Yawee') and Huashiji Science and Technology Development Group (`HSJ'). In return for a 5% equity stake in each enterprise, Geo Genesis will amongst other services, assist Yawee and HSJ to reorganise their corporate structures with the eventual aim of raising capital and bringing both companies to listings on overseas stock exchanges. Beyond this initial mandate, Geo Genesis will remain on a retainer with both Yawee and HSJ to provide ongoing advisory services.
Yawee is a Beijing based service provider specialising in 3D visualisations, animations, high-end special effects and graphic design, undertaking 3D modelling for national and international clients, with particular expertise within the architectural and interior design fields. Its services range from simple models for computer games to complex organic architectural models. Geo Genesis will assist Yawee in incorporating an international holding company, restructuring its Board of Directors and preparing it for an initial private equity placing aimed at raising funds to increase the scope of its operations and leading to a subsequent public listing. Under the terms of the agreement, which will be subject to extension after a period of 90 days and in addition to receiving a 5% equity stake in Yawee, Geo Genesis will also provide Yawee with ongoing support including the implementation of appropriate marketing strategies for its services worldwide and the establishment of global representative offices.
HSK is a Qingdao based company with three operating subsidiaries engaged in the design, production and export of precision moulds and casings for IT and telecommunication products such as mobile phones, computer monitors and headsets. With a workforce of over two hundred, HSJ's international blue-chip client list includes LG Electronics, Hisense and Apple. Under the terms of the agreement, Geo Genesis, upon completion of commercial due diligence, will assist HSJ with the identification of shell opportunities for a potential public listing on the US OTC Bulletin Board market. Geo Genesis has also agreed to facilitate the reorganisation of HSJ's current shareholding structure and to arrange, on a best effort basis, a RMB ¥21m (approx US$3.1m) fundraising through the issue of 30% of shares in the new shell entity. In addition to the 5% equity stake, Geo Genesis will be retained on a monthly basis by HSJ in an advisory capacity for a period of 36 months.
Geo Genesis is also pleased to inform shareholders that Changda International Inc "Changda", a Chinese based chemical and fertiliser Company, is now quoted on the OTC Bulletin Board in the United States under the symbol CIHI.OB. Geo Genesis, as part of a previously reported consultancy agreement, advised Changda during the reverse merger undertaken in order to obtain the public listing and has maintained a shareholding of 1.2 million ordinary shares in Changda. The current bid price of Changda is $ 1.20.
Geo Genesis Chief Executive Officer Roger Bendelac said, "These letters of intent highlight our ability to operate successfully in a difficult economic climate and will further build our reputation in the emerging markets. Our extensive global network of contacts puts Geo Genesis in an ideal position to provide growth companies in these markets with greater exposure to overseas investors, as demonstrated by our recent introduction of Changda International Inc. to the OTC Bulletin Board. Although growth in Asian markets has slowed somewhat, we believe that they will recover more quickly than those in Europe and the US. We therefore continue to identify opportunities for investment in China and beyond and work towards introducing these companies to wider global markets."
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 7236 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.
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