CALGARY, Sept. 21, 2012 /CNW/ - Genesis Land Development Corp.
(TSX-GDC), ("Genesis" or the "Company"), announces that the Company has
engaged a search firm to seek a new Chief Financial Officer, following
the departure of Simon Fletcher who has served as Chief Financial
Officer of the Company since 2010. Prior to the appointment of a new
Chief Financial Officer, the Chief Financial Officer duties will be
assumed by senior officers of the Company including Mr. Jeff Blair,
Chief Executive Officer of the Company. "On behalf of management and
the board of directors I would like to thank Simon Fletcher for his
contribution to the Company and wish him well in his future endeavors"
said Jeff Blair, Chief Executive Officer of Genesis.
About Genesis Land Development Corp.
Genesis Land Development Corp. is a Calgary based land development
company with an inventory of more than 24,000 future residential
building sites (single-family and multi-family) and over 300 acres of
commercial/ industrial lands in Western Canada, of which more than
14,000 residential lots and over 300 acres of commercial/industrial
lands are located in the Calgary metropolitan area.
Cautionary Statement Regarding Forward-Looking Information
"This press release contains certain statements which constitute
forward-looking statements or information ("forward-looking
statements") within the meaning of applicable securities legislation
concerning the appointment of an Chief Financial Officer.
Forward-looking statements include, but are not limited to, statements
relating to appointment of a Chief Financial Officer. Actual results
and developments may differ materially from those contemplated by these
statements depending on, among other things, the risks that Genesis
will not successfully appoint a Chief Financial Officer for any reason
and other risks and factors described from time to time in the
documents filed by Genesis with the securities regulators in Canada
available at www.sedar.com., including the Annual Information Form under the heading "Risk
Factors" and in Genesis' most recent interim report under the heading
"Management's Discussion and Analysis.". Although Genesis believes that
the anticipated future results, performance or achievements expressed
or implied by the forward-looking statements are based upon reasonable
assumptions and expectations, the reader should not place undue
reliance on forward-looking statements because they involve
assumptions, known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Genesis to differ materially from anticipated future results,
performance or achievement expressed or implied by such forward-looking
statements. Furthermore, the forward-looking statements contained in
this press release are made as of the date of this press release and,
except as required by applicable law, Genesis does not undertake any
obligation to publicly update or to revise any of the forward-looking
statements, whether as a result of new information, future events or
SOURCE: Genesis Land Development Corp.
For further information:
Jeff Blair, C.E.O., Genesis Land Development Corp.
Toll Free: (403) 265-8079, 1-800-341-7211, Fax: (403) 266-0746
E-Mail: email@example.com Internet: www.genesisland.com