Geo Genesis Group Limited / Ticker: GEOP / Market: PLUS
8th May 2009
Geo Genesis Group Limited (`Geo Genesis' or `the Company')
Strategic Review of Venture Capital Operations
Geo Genesis Group Limited, an advisory and investment company focused on China
and other emerging markets, has undertaken a strategic review of its affiliate
Sinoventures Holdings Limited (`SHL'). The Company announced in September 2008
it had established SHL to make investments and hold equity interests in four
early stage companies with operations in and/or related to China. Under new
terms, Geo Genesis will directly retain equity stakes in these and future
venture transactions in order to improve synergies with its corporate
consulting business and improve the access to capital for individual ventures.
Geo Genesis Chief Executive Officer Roger Bendelac said, "This is the optimal
way for Geo Genesis to utilise its corporate consultancy expertise in
developing these China related growth businesses, in which it already holds
stakes. We look forward to taking a more active role in the development of
these ventures and will ensure shareholders are updated as they progress."
SHL was established as a holding company for four ventures: Mediaglobe
Productions Ltd (`Mediaglobe'), Dragonsource Trading Ltd (`Dragonsource'),
Global Sealand Engineering Ltd (`Sealand') and Tradition Foods Ltd
(`Tradition'). Following the review, Geo Genesis will assist each venture with
the implementation of business plans, private placements and access to capital
markets as required.
Mediaglobe Productions Ltd. (10 million shares/40% held by Geo Genesis) is
primarily focused in developing financial media and information concepts in the
emerging markets, with a current concentration in China. Its operations include
the production of print and electronic media platforms for private equity and
other related sectors and it is currently developing a database of Chinese
private enterprises in cooperation with Geo Genesis. Mediaglobe is also
expanding into specific digital media production including 3D animation, and is
currently involved in a commercial partnership with Beijing based Yawee Digital
for sector specific media related design and marketing.
Dragonsource Trading Ltd. (6 million shares/35% held by Geo Genesis) is a
Sino-global trading and logistics advisory company that is involved in a joint
venture with Wintex Logistics, the China based logistics subsidiary of the
Hiking Group trading conglomerate and Eurofreight Logistics, one of the largest
logistics companies in Cyprus. The joint venture is focused on the development
of a regional (Europe/Africa/Mid East) distribution and logistics centre for
Chinese exports in the Tax Free Zone of Cyprus. In addition, and also with the
close co-operation with Hiking Group, Dragonsource is involved in the
facilitation of trade between Chinese exporters/importers and companies in
other emerging market countries in Africa, Eastern Europe and the Middle East.
Global Sealand Engineering Ltd. (6 million shares/35% held by Geo Genesis) is
an environmental engineering company involved in the design and development of
waste water treatment systems and products, as well as marina and other
development solutions for environmentally sensitive coastal regions. In an
exclusive partnership with Hydrema Baltech, Sealand is developing a
distribution and production capability for its activities in China and other
emerging market countries. Sealand also intends to seek finance and a listing
in the US in the future.
Tradition Foods International Ltd. (6 million shares/35% held by Geo Genesis)
is an international restaurant concept developer and facilitator for the
emerging market restaurant industry, currently focused in China, where the
industry is growing at a rate of 30% annually. Tradition has developed several
restaurant concepts for the Chinese market and is in the process of negotiating
a purchase option for one or more restaurant units. It also intends to seek
private funding for the acquisition and/or establishment of several restaurant
units in 2009 and 2010.
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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.
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