Director Shareholding

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[{"type":"text","content":"\n \n\nFOR: GENESIS WORLDWIDE INC.\n\nTSX, AIM SYMBOL: GWI\n\nMay 14, 2008\n\nGenesis Worldwide Inc. Announces Director Dealings and Notification of Holdings by Significant\nShareholder\n\nMISSISSAUGA, ONTARIO--(Marketwire - May 14, 2008) - Genesis Worldwide Inc. (\"Genesis\" or the\n\"Company\"), (TSX:GWI)(AIM:GWI), a leading provider of 'green' structural building technology using\nlight steel, announces that on May 8, 2008, a director of the Company, Timothy Armstrong, purchased\n2,500 common shares of Genesis at a price of $1.40 per share and now holds a total of 2,500 common\nshares, representing 0.008% of the issued share capital of the Company.\n\nAlso, on May 6, 2008, the Company was notified by Turtle Creek Asset Management Inc. (\"Turtle Creek\"),\nan investment management company located in Toronto, Ontario, Canada, that it now holds 3,401,400\ncommon shares of the Company, representing 11.0% of the issued share capital of the Company. Turtle\nCreek holds the common shares on behalf of a number of shareholders and manages and exercises control\nor direction over the common shares on behalf of those shareholders.\n\nAs at May 14, 2008, the Company had 30,982,858 common shares outstanding.\n\nAbout Genesis Worldwide Inc.\n\nGenesis develops and licenses structural building technology aimed at the residential, commercial and\ninstitutional building markets. Genesis offers licensees a turn-key solution enabling them to custom\ndesign, manufacture and install complete light steel building structures. The Genesis Solution\nencompasses engineered processes and materials that are environmentally sustainable or 'green'.\nGenesis is headquartered in Mississauga, Ontario, Canada, and currently has nine licensees worldwide.\n\n-30-\n\nFOR FURTHER INFORMATION PLEASE CONTACT:\n\nGenesis Worldwide Inc.\nCatherine Smyth\nManager, Investor Relations\n(905) 285-9909, ext. 302\nWebsite: www.genesisworldwide.com\n\nOR\n\nCanaccord Adams\nRobert Finlay\n+44 020 7050 6500\n\n-0-\n\nGenesis Worldwide Inc.\n\n\t\t\t\t\t\t \n ","length":2012,"tagName":"div"}]

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