Genesis Worldwide Inc. Grants Stock Options

Business Mississauga, Ontario, March 16, 2012 "" Genesis Worldwide Inc. ("Genesis" or the "Company"), (NEX: GWW.H), announces today that, subject to regulatory approval and pursuant to the Company"s Stock Option Plan, the Board of Directors granted an aggregate of 714,000 stock options. Of the total stock options granted, 360,000 stock options were granted to the Company"s Chairman, President and Chief Executive Officer, 210,000 stock options were granted to the Company"s Chief Financial Officer, 24,000 stock options were granted to the Company"s independent directors, and 120,000 stock options were granted to non-management employees of the Company. Each option will entitle the holder to purchase one common share of the Company at an exercise price of $0.10 per share, with one-third vesting immediately, and one-third vesting annually thereafter, on March 16, 2013 and March 16, 2014. The stock options expire ten years from the date of grant. "The Company"s stock option pool is in place to reward excellence and commitment by our employees, officers and directors. With this in mind, we are issuing stock options to these people for their hard work and dedication in order to position the Company for success. These people form the core of our Company and we are happy to have them participate in its continued growth", stated Richard Pope, Chairman of the Board. About Genesis Worldwide Inc. Genesis is a provider of green light steel building technology and solutions targeted at the global commercial, residential and institutional building sectors. Genesis delivers customized turnkey structural solutions, and provides software packages, industrial equipment, training programs, professional services and support ("Genesis Solution") to its customers and partners globally. Headquartered in the Greater Toronto Area in Ontario, Canada, Genesis has established a network of partners with engineering, manufacturing and distribution operations in Canada, the United States, the Middle East, Eastern Europe, Russia and South East Asia. For additional information about the Company, visit Caution Regarding Forward-Looking Information Certain statements in this press release which are not historical facts constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements") and are made pursuant to the "safe harbour" provisions of such laws. Statements related to the Company"s projected revenues, earnings, growth rates, performance, business prospects and opportunities are forward-looking statements, as are any statements relating to future events, conditions or circumstances. The use of terms such as "may", "will", "should", "plan", "believes", "predict", "potential", "anticipate", "expect", "project", "target", "estimate", "continue", and similar terms are intended to assist in identification of these forward-looking statements. These statements are based on certain factors and assumptions including expected growth, results of operations, performance and business prospects, and opportunities. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Readers are cautioned not to place undue reliance upon such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance or achievements of the Company to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Many factors could cause the actual results of the Company to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements, including, without limitation, those factors discussed under the heading "Risk Factors" in the Company"s most recent Annual Information Form ("AIF"), a copy of which is available on SEDAR at .sedar… Forward-looking statements are based on management"s current plans, estimates, projections, beliefs and opinions, and, except required by law, the .pany does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. About the Author: 相关的主题文章: