Breaking Developments in Telecom Sector
NEW YORK, NY, Dec 12, 2012 (eTeligis.com via COMTEX)
New York, NY, December 12, 2012 (ETELIGIS) Despite the stagnant economy, in sympathy with the growth trajectory of the telecom industry, Genesis Group Holdings, Inc. (OTCQB: GGHO), a leading end-to-end solution provider of cloud and managed service based platforms, is positioned to experience exceptional growth due to multiple developments ranging from new infrastructure and recently announced acquisitions, to plans to up list the company's common stock from the OTCBB to the NASDAQ in early 2013. In the midst of fiscal uncertainty and declining yields worldwide, the telecommunications industry has served as a safe haven for many distraught investors, with analysts projecting revenue increases from $2.1 trillion in 2012 to $2.7 trillion in 2017 at a combined average growth rate of 5.3%. Other companies positioned to benefit from the industry growth are Extreme Networks Inc. (NASDAQ: EXTR), Juniper Networks, Inc. (NYSE: JNPR
), Black Box Corp. (NASDAQ: BBOX), and CIENA Corp. (NASDAQ: CIEN).
On November 26th, Genesis Group Holdings, Inc. announced that it has signed a definitive agreement to acquire Integration Partners-NY Corporation, whose annual sales revenue is expected to exceed $24 Million in 2012 with similar revenues in 2013. Integration Partners-NY focuses on cloud based solutions, voice and data infrastructure design, implementation, maintenance and optical networking.In addition, in November, Genesis Group Holdings, Inc.executed a definitive agreement to acquire the Telco Professional Services and Handset Testing business division (Telco) of Tekmark Global Solutions, LLC, aNew Jersey limited liability company. With Genesis Group Holdings other acquisitions this past year, it will bring the Company to over $100 million in revenue and $10 million in earnings.
In addition, Genesis Group Holdings has recently announced two new Boardof Directors with the appointments of Mark Durfee and Neal L.Oristano. Mark Durfee, Managing Director, Auerbach Acquisitions, LLC 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. Oristano has been the Vice President - Service Provider Sales Segment at Cisco Systems since August 2011 in charge of strategic development of Cisco's global service provider market segment. Prior to that, he was the Senior Vice President - Service Provider Sales at Juniper Networks, Inc. from July 2004 to July 2011 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. Both Mssrs. Durfee and Oristano bring extensive business development, strategic planning, operational and financial experience to our executive management team.
With these new developments, Genesis Group Holdings, Inc. has strategically positioned its business model to focus on full service offerings to its current customers which include Ericsson Inc., Verizon Communications Inc., Alcatel-Lucent USA Inc., Century Link, Inc., AT&T Inc. and Hotwire Communications.
These telecommunications providers and others continue to seek and outsource solutions in order to reduce their investment in capital equipment, provide flexibility in workforce sizing and expand product offerings without large increases in incremental hiring thereby providing companies such as Genesis Group Holdings, Extreme Networks Inc., CIENA Corp., Black Box Corp., and Juniper Networks, Inc. with considerable opportunity for expansion. Genesis Group Holdings has been able to effectively increase its profit margins on specialty contracting services by leveraging the company's single-source end-to-end network to efficiently provide a full spectrum of telecommunications contracting and staffing services.
About Genesis Group Holdings, Inc.
Genesis Group Holdings, Inc. (OTCQB: GGHO), is a leading end-to-end solution provider of cloud and managed service based platforms, professional services, applications and infrastructure to both the telecommunications industry and corporate enterprises. The company's cloud-based and managed services, and engineering, design, construction, project staffing, installation, maintenance and project staffing services support the build-out, maintenance, upgrade and operation of some of the most advanced fiber optic, Ethernet, copper, wireless and satellite networks: www.genesisgroupholdingsinc.com.
Disclosure: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Genesis Group Holdings has hired and paid CSIR Group LLC five thousand dollars for one month investor relations and financial communications services. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein.
CSIR Group, LLC
Associated Documentation:Link to submission on http://www.eteligis.comCSIR_12-12-2012_MEL_1.docx
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