August 11, 2009 (FinancialWire) — Genesis Group Holdings, Inc. (OTC: GGHO) has entered into a Stock Purchase Agreement with Gideon D. Taylor and has appointed Taylor chief executive officer of the company.

Taylor founded Able Telcom Holding Corp., (Able), a telecommunications installation, engineering and infrastructure company in 1987. Between 1987 and 1998, Taylor took that company from $0 to more than $400,000,000 in annual revenues.

Taylor’s first order of business as CEO will be to acquire an operating entity in the same general industry that Able had been in. Going forward, Taylor intends to increase revenues and enhance shareholder value through a series of acquisitions.

Genesis Group Holdings, Inc. does not have significant operations at this time. The company was founded in 1999 and is based in New York, New York.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.