Press Release

Appoints Interim Chief Executive Officer

Mississauga, Ontario, November 16, 2009 - Genesis Worldwide Inc. ("Genesis" or the "Company"), (TSX: GWI), today announces its results for the three and nine months ended September 30, 2009. All dollar amounts are in Canadian dollars unless otherwise stated.

Financial Highlights

• Revenues for the three months ended September 30, 2009 decreased 32% to $3,598,000, compared to $5,302,000 for the same period in 2008, due to an 84% decline in licensing division revenues, partially offset by a 24% increase in structural products revenues. The decrease to revenues in the licensing division reflects the timing of new licensing agreements being entered into and the delivery of industrial equipment. The increase to revenues in the structural products division reflects improved order execution and stabilization in the Ontario construction market. Revenues for the nine months ended September 30, 2009 decreased 31% to $11,535,000, compared to $16,810,000 for the same period in 2008, due to a 53% decline in licensing division revenues and a 15% decline in structural products revenues.
• Gross margin for the three months ended September 30, 2009 was $1,027,000 or 29% of revenues, compared to $1,667,000 or 31% of revenues from the same period in the prior year. The Company's mix of revenues amongst licensing revenues, industrial equipment sales, royalty revenues, revenues from the provision of services, and other miscellaneous revenues from the provision of services resulted in the variation in this percentage. Gross margin for the nine months ended September 30, 2009 was $3,452,000 or 30% of revenues, in line with $5,118,000 or 30% of revenues from the same period in the prior year.
• Operating expenses for the three months ended September 30, 2009 decreased 14% to $2,717,000, compared to $3,144,000 for the same period in 2008, due to cost saving initiatives. Operating expenses for the nine months ended September 30, 2009 decreased 30% to $6,673,000, compared to $9,545,000 for the same period in 2008 as a result of cost saving initiatives.
• Net loss for the three months ended September 30, 2009 increased 14% to $2,173,000, compared to $1,907,000 for the same period in 2008 due to an increase in bad debt expenses. Net loss for the nine months ended September 30, 2009 decreased 14% to $4,737,000, compared to $5,536,000 for the same period in 2008, due to cost savings initiatives.
• Backlog as at September 30, 2009 was $37.0 million, a sequential quarterly decrease of $3.0 million and was segmented between the Company's licensing division as to $12.0 million and the Company's structural products division as to $25.0 million. Backlog for the licensing division is defined as undelivered contractual commitments, other than minimum royalty obligations, and assumes that in cases of multi-year/multi-facility commitments by licensees, subsequent facilities match the industrial technology configured for the first facility. Backlog for the structural products division is defined as the undelivered portion of signed construction contracts. The timing of these contractual commitments into revenue is uncertain and the possibility exists that contractual commitments can be de-booked.

Mr. Brad Baker, Chairman of the Board, stated, "During the third quarter of 2009, the Company's licensing division signed its second Solution Provider agreement in North Africa and advanced a number of business opportunities throughout the world. The Company's structural products division signed a $3.0 million agreement for its first eight-storey building project in Ontario, Canada and secured six new orders representing $4.2 million of revenues. Additionally, the Company received certification of its coil-to-panel (CTP) process and components by the International Code Council (ICC), opening up additional opportunities for projects in the North American market and obtaining global product recognition."

Subsequent to quarter end, the Board of Directors carried out the following initiatives: (i) implemented a temporary lay-off of a total of 47 personnel (36 in the structural products segment (representing 88% of the employees in the structural products segment), nine in the licensing segment, and two in the corporate head office); (ii) began developing a plan to restructure and recapitalize the Company; and (iii) appointed Richard Pope as the interim Chief Executive Officer of the Company.

The Company is pleased to announce the appointment of Richard Pope, a current director of the Corporation, as the Company's interim Chief Executive Officer. The appointment of Mr. Pope is subject to receipt of all necessary regulatory approvals. Mr. Pope is currently the Chief Executive Officer of Codding Steel Frame Solutions, a manufacturer of light gauge steel framing solutions in California, and a licensee of the Company. Mr. Pope brings to the Company over 20 years of experience in the construction and residential real estate industry. From 1971 to mid-2001, Mr. Pope held various positions with the Taylor Woodrow Group of Companies, a large UK based construction company. In mid-2001, Mr. Pope formed a new residential land development and homebuilding company, St. James Properties, the core business of which is developing new home communities in Southern California. Mr. Pope studied civil engineering and technical design at London College, Northwood Technical College and Southhall College of Building and Engineering. Mr. Pope is a member of the Building Industry Association, the National Association of Homebuilders, and the Sales and Marketing Council.

Further information regarding the Company, and its business and operations, may be obtained from the Company's continuous disclosure documents filed from time-to-time with the Canadian securities regulatory authorities. These continuous disclosure documents are available through the Company's web site at www.genesisworldwide.com, or through the SEDAR website maintained by the Canadian securities regulatory authorities, which can be accessed at www.sedar.com.

About Genesis Worldwide Inc.
Genesis is a provider of green light steel building products, systems and technology targeted at the global commercial, residential and institutional building sectors. Genesis delivers customized turnkey structural solutions including innovative light steel products, and provides software packages, industrial equipment, training programs, professional services and support to licensees globally. Headquartered in the Greater Toronto Area in Ontario, Canada, Genesis has established a network of partners with engineering, manufacturing and distribution operations in Canada, the United States, the Middle East, Eastern Europe and Russia. For additional information about the Company, visit www.genesisworldwide.com.

Caution Regarding Forward Looking Information
Certain statements in this press release which are not historical facts constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements") and are made pursuant to the "safe harbour" provisions of such laws. Statements related to the Company's projected revenues, earnings, growth rates, performance, business prospects and opportunities are forward-looking statements, as are any statements relating to future events, conditions or circumstances. The use of terms such as "may", "will", "should", "plan", "believes", "predict", "potential", "anticipate", "expect", "project", "target", "estimate", "continue", and similar terms are intended to assist in identification of these forward-looking statements. These statements are based on certain factors and assumptions including expected growth, results of operations, performance and business prospects, and opportunities. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect.

Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance or achievements of the Company to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements.

Many factors could cause the actual results of the Company to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements, including, without limitation, those factors discussed under the heading "Risk Factors" in the Company's most recent Annual Information Form ("AIF"), and under the heading "Liquidity and Capital Resources" in the Company's Management's Discussion and Analysis of Financial Condition and Results of Operations for the quarter ended September 30, 2009, a copy of each of which is available on SEDAR at www.sedar.com. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and, except required by law, the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.

For further information contact:
Genesis Worldwide Inc.
Catherine Smyth
Manager, Investor Relations
Tel: (647) 295-2284