Genesis Announces World Bank Group Invests $4.6 Million in New Chinese Distance Learning Project
BOCA RATON, FL–(MARKET WIRE)–Nov 21, 2005 — Genesis Technology Group, Inc. (OTC BB:GTEC.OB – News) announced that the World Bank Group has invested $4.6 million in the China Vocational Education Satellite Network, the contract partner to its new subsidiary, Genesis Distance Learning Division (GDLD). Genesis management has estimated that its contract could have a value exceeding $10 million in profits for the Company in an industry estimated to yield billions of dollars globally.
