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Expansion announcement

Expansion announcement.

articleGlobalworth Real Estate Investments LimitedSeptember 12, 20075/company/globalworth-real-estate-investments-limited/news/expansion-announcement
Expansion announcement

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[{"type":"text","content":"\n \nGenesis Worldwide Inc. announces expansion into Eastern Ontario Region\nBuilding market\n\n MISSISSAUGA, ON, Sept. 12 /CNW/ - Genesis Worldwide Inc. (\"Genesis\" or\nthe \"Company\"), (TSX/AIM: GWI), a leading provider of \"green\" structural\nbuilding technology using light steel, today announced that Genesis\nsubsidiary, KML Engineered Homes Ltd. (doing business as KML Building\nSolutions) (\"KML\"), has been contracted by AON Builders Inc. (\"AON\") to\nengineer and construct a new environmentally responsible retirement residence\nin Peterborough, Ontario.\n Canterbury Gardens, AON's newest retirement community, will be comprised\nof 30 garden suites, in addition to more than 100 traditional retirement\nsuites. Construction will begin in October, 2007, and will be completed in\n2008.\n Using the \"Genesis Solution\", a turn-key solution which includes leading\nedge software, industrial equipment, hardware, processes and engineering\nservices, KML will build an environmentally conscious, energy efficient\nretirement residence that will provide a high quality, safe living\nenvironment.\n AON Executive Vice President, Brad R. Smith, sees the introduction of\nGenesis \"green\" structural building technology as a positive step forward in\nthe construction industry, in particular with the building of facilities that\naffect the lives of senior citizens. Air quality remains superior because\nlight steel buildings are allergen-free, mould-free and toxin-free. Light\nsteel is also fire resistant, a significant safety benefit.\n \"We look forward to seeing Canterbury Gardens become a reality for the\nseniors of Peterborough. Through the use of Genesis light steel structural\nbuilding technology we will be providing a superior, safe living environment\nfor our residents,\" commented Mr. Smith.\n Genesis President and CEO, Vince Mifsud, outlined that the forging of\nthis new partnership with AON is yet another important milestone for Genesis.\n\"We are delighted to have AON as a new customer and to be bringing the Genesis\nlight steel structural technology to the Peterborough area. Canterbury Gardens\nwill prove to be a great building and we look forward to executing this\nproject for them.\"\n Mr. Mifsud added that with new business partners such as AON, KML's goal\nis to continue to expand and grow their business throughout the On...

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