Genesis Technology Group Enhances Executive Management Team With Addition of New VP of Business Development & Investor Relations.

Business Editors/High Tech Writers

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--June 12, 2002

Kenneth Clinton To Manage Investor Relations, Corporate Branding/Image

Building, Crisis Management and Media Relations

Genesis Technology Group, Inc. (OTCBB:GTEC), the first and only US-based Trust Member of the Shanghai Technology Stock (Property Rights) Exchange (STSE), announced today that the Company has appointed Kenneth Clinton as Vice President of Business Development and Investor Relations.

Dr. James Wang, President and CEO of Genesis Technology Group stated, "We are delighted to welcome Mr. Clinton to our executive management team and look forward to his playing a vital role in perpetuating the ongoing success of Genesis. Although our Company has realized notable growth in the past eight months, we recognize that we have not succeeded in communicating our compelling story to Wall Street in the most effective manner. With Mr. Clinton's able assistance, we intend to formulate communication strategies to achieve mass awareness of Genesis Technology Group and earn us a broad and well-educated following of investors, brokers, institutions and analysts."

Mr. Clinton brings Genesis Technology Group over a decade of hands-on experience in assisting both private and publicly traded companies develop and implement comprehensive investor relations, marketing and corporate communications strategies designed to achieve specific goals and objectives. In addition, with his background in finance, risk management, economic forecasting and SEC reporting, Mr. Clinton is ideally suited to assist the Company in evaluating and qualifying potential business development opportunities.

Prior to joining Genesis, Mr. Clinton served as Vice President of Pacific Rim Corporation, a Sino-foreign firm, with a 10-year history of business development in China. PRC has preformed projects for the Disney Institute, Kansas City Power & Light, China Academy of Sciences, Atlantic Gulf Communities and Flowers Chemical Laboratories. He hasalso worked as Vice President of Sales and Marketing for an emerging technology company focused on capitalizing opportunities within the Far East. Company clients included Disney, EDS, and Illco Unican. As a marketing executive for one of the nation's largest broadcasting organizations, he provided marketing, business development and advertising guidance to premier institutions and companies, including Dillard's, Southland Corporation and Texas Instruments.

Mr. Clinton added, "Genesis has a unique opportunity to become a major player in the ever-growing cross-pacific economy. I am anxious to begin implementing a comprehensive plan of action to help capture the attention and participation of individuals and corporate enterprises interested in partnering with Genesis Technology Group for the future."

About Genesis Technology Group, Inc.

The mission of Genesis Technology Group, Inc. is to create a family of technology and service related entities, via acquisitions, partnerships and joint ventures, in which the entities build on the existing success and profitability of each other, with specific focus on the emerging markets in the Pacific Rim. In addition, Genesis is marketing itself as a resource for small to mid-size U.S. companies to assist in arranging marketing, distribution, forming joint ventures, or establishing a manufacturing base in China. The Company also aims to play a key role in assisting small to mid-size Chinese private companies that desire growth, to expand their business with the financial and operational support of the Genesis. For more information on the company, please visit http://www.genesis-technology.net.

About Shanghai Technology Stock (Property Rights) Exchange

Shanghai Technology Stock (Property Rights) Exchange (STSE) was founded in December 1999 and is sponsored by the Shanghai Municipal Government with independent corporate qualifications. STSE was established to promote the commercialization of technological innovations, to solve bottleneck problems in combining technological, industrial, and financial capitals, and to actively construct operational and exit mechanisms for venture investments. STSE has both a physical exchange located in Shanghai and data mining techniques that target licensees' interests using its two-way delivery system. In 2000 and 2001, over 2,500 transactions were completed with over $12 billion in transaction volume through its 363 members that control over $24 billion in capital. For more information in English about the Shanghai Technology Stock (Property Rights) Exchange, please visit http://www.saviaq.com/english/index.asp

This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the company's ability to grow its business, to effectively integrate new employees and to increase the public's awareness of its activities. 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.