Statement re New Production Facility in Tehran

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[{"type":"text","content":"\n \nGenesis Worldwide Inc. Announces Commissioning of New Production Facility in\nTehran, Iran\n\n Genesis Meets its Goal of Commissioning Three Plants in 2007\n\n MISSISSAUGA, ON, Nov. 27 /CNW/ - Genesis Worldwide Inc. (\"Genesis\" or the\n\"Company\"), (TSX/AIM: GWI), a leader in \"green\" structural building technology\naimed at the residential, commercial and institutional building markets, today\nannounced the commissioning of the new production facility of its licensee,\nBehsazeh Construction Engineering Co. (\"Behsazeh\"), in Tehran, Iran.\n Behsazeh, an Iranian building construction company, recognized the need\nfor alternative safe building technologies due, in part, to the frequent\nseismic activity in Iran. The new plant will also enable Behsazeh to build\nresidences and institutional buildings with greater efficiency and speed.\n Iran requires safe schools and housing for its population. Behsazeh has\nresponded to these needs by building its new production facility specifically\nto produce light steel structural frames. Using the Genesis Solution, a\nturn-key solution which includes leading-edge software, industrial equipment,\nhardware, processes and engineering services, Behsazeh will utilize the latest\nversion of the C4 custom panel fabrication line, which is a key element of the\nGenesis technology package. C4 is a light steel panel assembly line which is\ndesigned to maximize production and maintain quality control.\n As part of the Genesis Solution, Behsazeh will also receive assistance\nfrom a team of Genesis experts that support project management and\nimplementation services. The implementation services provided to Behsazeh are\ndesigned to support and guide the plant staff through the initial planning,\ninstallation and commissioning of the production facility, as well as offering\nall training necessary for plant operations.\n One of the major selling points of Genesis technology in Iran is the\nflexibility and ability of light steel structural frames to withstand\nconsiderable seismic activity. The ever-present potential for earthquakes in\nIran makes the Genesis Solution a superior choice for building, due to the\nstructural integrity of its products.\n In addition to the upfront licensing fee, Genesis will receive ongoing\nquarterly royalty fees from Behsazeh, and fees from the sale of manufacturing\n...

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