Genesis Worldwide Announces the Groundbreaking for a new Cold Formed Steel Panel Manufacturing Facility in Hung Yen Province, Vietnam

By Genesis Worldwide Inc, PRNE
Sunday, March 20, 2011

VAUGHAN, Ontario, March 21, 2011 - Genesis Worldwide Inc. (NEX: GWI.H) ("Genesis" or the "Corporation"), a
leader in software and industrial technology for residential and commercial
construction, today announced the groundbreaking for the new production
facility for its licensee, Megastar Engineering and Construction ("Megastar
E&C"), in Hung Yen Province, Vietnam.

Megastar E&C, an emerging and fast developing Vietnamese engineering and
construction company, is poised to take advantage of the rapidly growing
trends in the use of panelized cold formed steel construction and advanced
building information modeling technology provided by Genesis ("Genesis
Technology"). The new plant will enable Megastar E&C to build single and
multi-storey residential and commercial buildings with greater efficiency and
speed while producing less waste and providing buildings that use less power
than traditional structures.

Genesis' President and CEO, Richard Pope, and Genesis' Board member, Alan
, recently visited Vietnam to negotiate the final terms for the sale
of the Genesis Technology and equipment to Megastar E&C and provided a
presentation on the use of cold formed steel building solutions to a group of
contractors, engineers and government building officials.

Plans are underway to open the new facility by the end of the year, which
will be used to supply cold formed steel building panels to South East Asia
including Vietnam, China and Japan.

About Genesis Worldwide Inc.

Genesis is a provider of green light steel building systems and solutions
targeted at the global commercial, residential and institutional building
sectors. Genesis delivers customized turnkey structural solutions including
innovative light steel products, 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 Corporation, visit

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    For further information:

    Genesis Worldwide Inc.
    Richard Pope
    Chief Executive Officer
    Tel: +1-905-832-9286

For further information: Genesis Worldwide Inc., Richard Pope, Chief Executive Officer, Tel: +1-905-832-9286

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