MISSISSAUGA, ON, Oct. 29 /CNW/ - Genesis Worldwide Inc. ("Genesis" or the
"Company"), (TSX/AIM: GWI), a leading provider of 'green' structural building
technology using light steel, is pleased to announce that Jack Scivoletto has
been appointed President of KML Engineered Homes Ltd. (doing business as KML
Building Solutions) ("KML"), a subsidiary of Genesis Worldwide Inc.
Mr. Scivoletto brings to KML vast experience in the construction
industry. He began his business career in 1984 with a family-owned framing and
construction business. He has worked with many successful builders helping to
create new communities for thousands of families. Over the course of the last
23 years, Mr. Scivoletto has developed an outstanding reputation as one of the
top framing contractors in Ontario, Canada. He has managed his own business
which has involved land acquisition, land development, financing, and final
According to Mr. Scivoletto, the light steel structural framing industry
is setting the new standard in quality. "I believe Genesis' light steel
structural framing system is the future of building in a construction industry
that has a shortage of skilled tradesmen that build with the old traditional
methods," Mr. Scivoletto said.
"I am also excited about the opportunity the Company has to take a
continued leadership role in environmental responsibility. Joining KML allows
me to be a part of a truly 'green' future with a product that is
environmentally sustainable," he added.
Mr. Scivoletto will report directly to Vince Mifsud, President and CEO of
Genesis. Mr. Mifsud sees the appointment of Mr. Scivoletto, with his diverse
background in construction, as the perfect blending of traditional building
expertise with the new building techniques offered by Genesis and KML in the
"I am very pleased that Mr. Scivoletto has joined our team. I believe he
will help us grow and expand our Company's products division which is an
important aspect of our overall growth strategy. Mr. Scivoletto is much
respected and has significant contacts with builders in the Greater Toronto
Area market, which should help us increase our access to these builders," said
About KML Building Solutions
KML utilizes Genesis' framing technology to provide builders with higher
quality, faster and more cost effective framing solutions than the traditional
framing methods of the past. Innovative light steel building materials and a
fully integrated "turn-key approach" to framing construction sets KML apart
and provides builders with a more simplified building process with
considerably less risk. With over 20,000 residential and commercial buildings
constructed in North America, KML has become a leading light steel framing
innovator and provider in the world today. KML's manufacturing facility is
located in Vaughan, Ontario, Canada and is Genesis' first Canadian licensee.
For additional information about KML, visit www.kmlbuildingsolutions.com.
About Genesis Worldwide Inc.
Genesis develops and licenses structural building technology aimed at the
residential, commercial and institutional building markets. Genesis offers
licensees a turn-key solution enabling them to custom design, manufacture and
install complete light steel building structures. The Genesis Solution
encompasses engineered processes and materials that are environmentally
sustainable or 'green'. Genesis is headquartered in Mississauga, Ontario,
Canada and currently has seven licensees worldwide. For additional information
about the Company, visit www.genesisworldwide.com.
Certain statements contained in this press release constitute
forward-looking information within the meaning of securities laws.
Forward-looking information may relate to the Company's future outlook and
anticipated events or results and, in some cases, can be identified by
terminology such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "intend", "estimate", "predict", "potential", "continue" or other
similar expressions concerning matters that are not historical facts. These
statements are based on certain factors and assumptions including expected
growth, results of operations, performance and business prospects and
opportunities. While the Company considers these assumptions to be reasonable
based on information currently available to us, they may prove to be
incorrect. Forward-looking information is also subject to certain factors,
including risks and uncertainties that could cause actual results to differ
materially from what we currently expect. These factors include changes in
market and competition, governmental or regulatory developments and general
economic conditions. Additional information identifying risks and
uncertainties relating to the Company, its business and prospects are
contained in Genesis' prospectus filed with the Canadian securities regulatory
authorities, available at www.sedar.com.
For further information:
For further information: Genesis Worldwide Inc., Catherine Smyth,
Manager, Investor Relations, Tel: (905) 285-9909, ext. 302; Canaccord Adams,
Robert Finlay, Erin Needra, Tel: +44 020 7050 6500