Genesis Land Development Corp. - press release

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 otherwise."

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: genesis@genesisland.com  Internet: www.genesisland.com


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