Genesis Land Development Corp. - Interim Chief Financial Officer

TSE Stock Symbol: GDC

CALGARY, Aug. 21 /CNW/ - Genesis Land Development Corp. ("Genesis") (TSX:GDC) today announced that, in advance of the expiration of his term contract on August 31st, Mr. Dale Kearns resigned as Interim Chief Financial Officer of Genesis Land Development Corp., effective August 19, 2009.

Genesis Land Development Corp. is a Calgary based land development company with an inventory of more than 24,000 future residential building sites (single-family and multi-family) and over 300 acres of commercial/ industrial lands in Western Canada, of which more than 14,000 residential lots and over 300 acres of commercial/industrial lands are located in the Calgary metropolitan area.

Certain statements in this news release could constitute forward-looking statements. The Corporation's line of business involves risk, uncertainties and other factors which may cause actual results, performance or achievements of Genesis to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include the number of dwelling sites that Genesis will actually develop and sell.