Emerging Media Holdings Completes the Acquisition of Genesis International SA

Emerging Media Holdings Completes the Acquisition of Genesis International SA

Emerging Media Holdings Inc. (OTCBB:EMDH), announced today it has completed the acquisition of a 60% interest in privately-held Genesis International SA ("Genesis"), a rapidly growing Eastern European infrastructure company, for $4.8 million in cash. The Company expects to begin consolidating the results of Genesis beginning with its fiscal quarter ending September 30, 2009. Genesis had unaudited revenue for the 12 months ended December 31, 2008 of $18.5 million. As of June 30, 2009, Genesis had a backlog of work of $29.9 million.

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