Commissioning of Manazil's New Production Facility

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[{"type":"text","content":"\n \nGenesis Worldwide Inc. Announces Commissioning of UAE Licensee's New\nProduction Facility\n\n Genesis Surpasses its Goal with the Commissioning of a Fourth Plant\n in 2007\n\n MISSISSAUGA, ON, Jan. 11 /CNW/ - Genesis Worldwide Inc. (\"Genesis\" or the\n\"Company\"), (TSX/AIM: GWI), an industry leader in \"green\" structural building\ntechnologies using light steel in the residential, commercial and\ninstitutional construction markets, announces the commissioning, in December\n2007, of the new production facility of its licensee, Manazil Steel Framing\nFactory (\"Manazil\") in Abu Dhabi.\n Manazil is a subsidiary of Khalifa Al Fahad Company of Abu Dhabi, United\nArab Emirates (\"UAE\"), an Emirates construction company established in 1980.\nThe Company previously announced the signing of the License & Services\nAgreement (the \"Agreement\") on July 10, 2007. Under the terms of the\nAgreement, Manazil will be the exclusive provider of Genesis building systems\nin the United Arab Emirates and Qatar. Manazil will remain the exclusive\nprovider of Genesis building systems as long as annual minimum targets are\nachieved. The term of the Agreement is for a five-year period, with an option\nto renew for a further five-year period.\n The Manazil manufacturing plant, located in the industrial zone of Abu\nDhabi, will produce light steel paneled structures using the Genesis turn-key\nsolution, which includes leading-edge software, industrial equipment,\nhardware, processes and engineering services (\"Genesis Solution\").\n As part of the Genesis Solution, Manazil also benefits from the\nimplementation services provided through the Genesis project management\nprogram. Genesis experts were recently on site to support and guide the plant\nstaff from the initial planning through to the installation and commissioning\nof the production facility, as well as offering all training necessary for\nplant operations. The use of implementation services ensures that Manazil will\nhave their plant up and running quickly, efficiently and successfully in order\nto take advantage of the growing building market in the UAE.\n Genesis President and CEO, Vince Mifsud, recognizes that the construction\nand overall economic market in the UAE creates significant opportunities for\nManazil and Genesis. With strong growth in the real estate and construction...

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