Dear Genesis Group Holdings Shareholders: We would like to take a moment to review 2011; which was a transformative year for Genesis Group Holdings, Inc. (otcbb: ggho) and to look ahead to 2012 and beyond. We began 2011 with one operating entity, Digital Comm, Inc., that had produced approximately $950k in revenues in 2010. We finished 2011 with three operating subsidiaries producing approximately $6 million in revenue. We are expected to substantially exceed those numbers in 2012. New Financing In July, 2011 the Company entered into a definitive master funding agreement with Tekmark� Global Solutions, llc (Tekmark) and mmd Genesis llc. Pursuant to the parties' funding agreement, the Company received financing in the original principal amount of up to $2,000,000 from Tekmark and a line of credit in the original principal amount of up to $1,000,000 from mmd Genesis llc. The financing arrangement was geared towards the development and expansion of the Company's wireless....
http://www.equitygroups.com/GGHO-discussion/GGHO-Genesis-Group-Board-of-Directors-Provides-Outlook-for-2012
