Com-Guard and Genesis Technology Group Sign a License Agreement for Com-Guard's Security Software for Short Messaging Services.

Business Editors/High-Tech Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--March 29, 2004

Genesis Technology Group, Inc. (OTCBB:GTEC - News), a leading international business development firm that fosters bilateral commerce between companies in the West and China announced today the signing of a License agreement with Com-Guard, Inc. (OTCBB:CGUD - News), a California-based software design firm. The Company's unique Com-Guard(TM) software that enables users to monitor, limit and record access to data and report illicit activity to cell phones and PDA cell phones that provides a security system against tampering and unauthorized use of one's computer.

Dr. Edward W. Savarese, Chairman and Chief Executive Officer of Com-Guard, commented: "After just returning from China with the Genesis team, I am confident that we have tremendous potential with firms in China that are developing applications for the mobile market. After a myriad of executive meetings that were well attended, the Chinese development community demonstrated it's determination in implementing our software technology on mobile devices. We are committed in working with Genesis and their network in China to license our software."

Dr. James Wang, Chairman and President of Genesis Technology Group, said: "Com-Guard products and technologies received high distinction and genuine praise for its advanced features from many industry experts, software security companies and capital firms during two conferences with Shanghai United Equity and Assets Exchange and Shanghai Software Associations in March. We are confident that Com-Guard products have huge potential in China PC security and anti-pornography markets. Our Beijing operation also expressed their immense confidence in marketing Com-Guard products within the government sector promptly."

As a direct result of the product presentations and demonstrations by Dr. Edward W. Savarese in Shanghai, Genesis Technology Group also announced it has entered a letter of intent with Shanghai Zhongyu Communication & Technology Company, Limited, a leading wireless content provider, aggregator and mobile marketing provider in Shanghai, to memorialize the interest among Genesis Technology Group, Shanghai Zhongyu and Com-Guard, Inc. (CGUD) to explore the possibility of entering into any one of several business relationships among the parties. The business relationship among the parties ranges from licensing, joint venture partnership to direct investment.

About Com-Guard, Inc.

Com-Guard, Inc. develops and markets a line of software and hardware products for the computer industry that provide enhanced system security for both individual users and network administrators. The Company focus is on detection, protection, and notification of various security threats. The Company provides a group of products, based on its state-of-the-art software technology, Com-Guard(TM), that provides PC users with an extensive set of security measures that address Internet security, file locking and encryption security (including e-mail), and internal facility security. The Company's patented product, Com-Guard Pro(TM), utilizing the Company's Sensor Card(TM), includes the Com-Guard unique software technology that enables users to protect and limit access to sensitive data while providing a physical security system to guard against tampering, theft of the computer, or unexpected intrusions into the environment. The Com-Guard system also provides environmental security by supporting external sensors. Security violations are immediately communicated to predetermined people or locations via a page, phone or email transmission. For more information about Com-Guard, please visit http://www.com-guard.com.

About Genesis Technology Group, Inc.

Genesis Technology Group is a business development firm that fosters bilateral commerce between companies in the West with those in China. Genesis has created successful profit centers in product development, manufacturing, distribution, joint ventures and operational services. The Company has fully staffed offices in the United States, Germany, and China. Genesis has established effective working relationships with various governmental agencies, public institutions, and private industries in China. In addition, the company acquires and invests in innovative technology companies in China or forms joint ventures with both American and elite Chinese companies, focusing on emerging technology industries including, but not limited to, nanotechnology, biotech, wireless telecommunication, information systems, environmental protection and biomedicine technologies. For more information, visit www.genesis-technology.net

About Shanghai Zhongyu Communication & Technology Co., Ltd.

Shanghai Zhongyu Communication & Technology Co., Ltd. (also named China Wireless), is a value-added service provider in the telecommunications industry. The company provides value-added information to subscribers and serves as a Wireless Data Application Platform. The content providers include China Telecom Yellow Pages, China Cultural Information Database (Under construction), and China Electronic Library (under construction). By offering value-added information on living, business, culture and education, the business model is to become the most professional mobile data provider in China, serving wireless carriers, government sectors, private companies and individual subscribers. For more information, visit http://www.chinawuxian.net and http://www.chinawuxian.com

This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the company's business and financial results is included in the Company's filings, available via the United States Securities & Exchange Commission.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.