×

Genesis Appoints New Board Members

BOCA RATON, Fla., Dec. 11, 2012 (GLOBE NEWSWIRE) -- Genesis Group Holdings Inc. (OTCBB:GGHO), an end to end telecommunications infrastructure solutions provider, announces that Neal Oristano and Mark Durfee have agreed to serve as directors of the Company.

Neal Oristano, Vice President, Global Service Provider Market Segment, Cisco. Mr. Oristano is in charge of strategic development for Cisco's global service provider market segment. Combining 30 years of experience with close relationships throughout the industry and keen insights into critical market dynamics, Mr. Oristano helps Cisco synthesize its SP strategy resulting in game-changing business and technology architectures that enhance service providers' overall value proposition and relevance in these turbulent times. Prior to joining Cisco, Mr. Oristano was Senior Vice President of the America's for service provider sales with Juniper, responsible for leading that company's service provider sales organization in the U.S., Canada, Latin America and Caribbean.

Mark Durfee, Managing Director, Auerbach Acquisitions, LLC. Mr. Durfee has been a private equity investor for 25 years, investing in a broad portfolio of companies in the manufacturing, education, telecommunications, business and industrial services industries. He began his career at Manufacturers Hanover as a founding member of the special finance division, and then moved on to both Butler Capital and Kinderhook Capital, as a Partner, investing in over 40 middle market companies. Mr. Durfee has a B.S. in Finance from the University of Wyoming.

Genesis Group Holdings CEO Mark E. Munro stated, "We are very excited about the Company's future and believe that our highly qualified and experienced board of directors will help guide us in the right direction."

About Genesis Group Holdings, Inc.:

We are a leading end-to-end solution provider of professional services and infrastructure to the telecommunications industry, major corporations and governmental entities. Our breadth of services enables our customers to selectively augment existing services or to outsource entire projects or operational functions. www.genesisgroupholdingsinc.com.

FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.

Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. GGHO intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause the Company actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in the Company's annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.

CONTACT: Lawrence Sands Senior Vice President, Genesis Group Holdings, Inc. 561-988-1988Source:Genesis Group Holdings, Inc.