Genesis Worldwide Inc. light steel framing technology licensing program offers the building construction industry a business opportunity to build green commercial and residential structures with cold-formed steel trusses, steel floor joists and steel wall panels.


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FOR IMMEDIATE RELEASE
 

  Genesis and World Leading Gypsum Producer, CGC, form Strategic Alliance

 

CGC Inc., becomes part of the Genesis Alliance Network
 

Toronto, Canada – August 6, 2002 - GenesisTP Inc. (“Genesis”), the world’s leading technology and services provider of light steel building solutions today announces that CGC Inc. (“CGC”), a leading manufacturer and distributor of gypsum wallboard products, has become part of the Genesis Alliance Network, aimed at delivering fast, cost-effective, high quality building solutions targeted at the commercial and residential building market.

CGC and Genesis are pooling their sales, marketing and technical resources to drive Genesis light gage steel building structures and CGC products into the residential and commercial markets. “We feel that the Genesis light gage building structures represent a huge leap in building innovation. We want to line our company with organizations like Genesis that are redefining traditional building processes, in an effort to helping to drive down building costs, improving quality and increasing the speed and predictability of the building structure”, said Doug Skrepnek, Vice President of Sales and Marketing at CGC. Both Genesis and CGC produce leading innovative building solutions that are complimentary in nature.

The Genesis and CGC Alliance will enable those building companies looking for either high quality construction standards such as non-combustible buildings, or traditional building standards but expect greater speed and reduced costs can be achieved through an integrated structural building solution. Delivering an integrated Genesis and CGC solution to the customer further extends the competitive advantages of Genesis and CGC products. The Genesis light gage steel panels are fabricated in a controlled manufacturing environment before shipped to a building project for installation. Given the dimensional integrity and precision of each panel fabricated by Genesis, drywall installation is improved. Drywall contractors prefer installing drywall on walls and ceilings that are dimensionally straight. An added benefit of the Genesis solution is that for hard to access areas, drywall can be installed in the fabrication facility before the panels arrive at the building project.

“CGC sees an added benefit to becoming part of the Genesis Alliance Network in addition to improving the competitive advantage of our solutions. We feel that as Genesis continues to succeed in creating a market for light gage steel structural framing, the CGC products will become associated to this newly created light market.” said Doug Skrepnek of CGC.

“The Genesis Alliance Network is a group of companies that was formed by Genesis that will deliver an integrated solution to the market. The primary goal of this Alliance Network is to improve quality, cost and speed to builders and general contractors. Genesis has aligned itself with world leading companies that have a similar commitment and solution objectives” said Vincent Mifsud, Chief Operating Officer of Genesis.

Starting immediately, KML Building Solutions, an affiliate Genesis partner focused on the Ontario Canada market, will deliver CGC products as part of their structural building solution. This will allow KML to address the quality needs of various buildings which require superior sound performance, non-combustible fire ratings and other building standards which extend beyond the quality of traditional building. For more standard quality needs, KML will now deliver improved speed and an improved cost advantage achieved through the dimensional integrity of our panels making it easier for dry-wall installation and by installing drywall on to the panels before they arrive to the building site for hard to access areas.

“We are pleased to be partnered with a leading building innovator like Genesis”, said Jim MacKay President of CGC. “We feel this relationship is a win for all parties and the customers will benefit tremendously from this Alliance”


About Genesis and KML
Genesis provides organizations with a new innovative approach to residential and commercial construction. With Genesis technology, organizations can build cost-effective, high quality light steel structures with superior speed anywhere in the world. Genesis solutions include software, engineering, manufacturing processes, machinery and assembly techniques which can be adapted to any building design and building code.

KML, is an affiliated Partner and an adopter of Genesis technology in the Ontario market. Using Genesis technology, KML has built a wide range of residential and commercial building projects throughout Ontario including single family, multi-family, restaurants, hotels, care facilities, institutional centers, and the list continues. KML has built steel framing solutions for some of the top residential and commercial builders in Ontario including Tridel, Hady, PCL Constructors, The Daniels Corporation, The Kaitlin Group, First Gulf, Aspen Ridge, Eastern Construction and URBANCORP.

Thousands of residential and commercial projects have been built using the Genesis technology in the United States, Canada, South Africa, South America, the Middle East, Europe and Australia.

About CGC Inc
CGC is a leader provider of gypsum wallboard. Through years of manufacturing process innovations, CGC has grown to be a leading producer of gypsum wallboard and related products. CGC construction products line includes gypsum board, tile grid and specialty ceilings, joint treatment products, texture and repair compounds, plaster and lime and cement board products and accessories.

CGC Inc. Contact
Mike Garvey
Director of Marketing and Architecture
Mississauga, Canada
905 -803 -5610
Email: mgarvey@cgcinc.com

Genesis Contact
Joseph Aprile
Director of Marketing, GenesisTP Inc.
Toronto, Canada
519-653-9787
Email: japrile@genesistp.com

Except for the historical information contained herein, this press release contains forward-looking statements that involve risk or uncertainties. Future operating results of GenesisTP Inc. may differ from the results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with customer relations, such as the availability of GenesisTP Inc. products and services, customer implementation of products and services, relationships with customers, third-party vendors and systems integrators, concentration of revenues in a relatively small number of customers, existence of errors or defects in products, ability to successfully manage growth, significant current and expected additional competition and the need to continue to expand product distribution and services offerings. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only