Great Genesis Holding Limited Goes Public Through A Reverse Merger

    SHANGHAI, China--March 24, 2003--Visions In Glass, Inc. ("Visions") (OTCBB:VSIO) announced today that it has completed a Stock Exchange Agreement with Great Genesis Holding Limited, a corporation organized under the laws of Hong Kong Special Administrative Region, China ("Genesis").
    Genesis owns all of the capital stock of Jilong Enterprises Investment Corp. Ltd., which in turn owns an interest in four sino-joint ventures, which manufacture power steering systems and other related products for different segments of the automobile industry in China. The transaction has resulted in Genesis becoming a wholly owned subsidiary of Visions. It is the intention of management to change the name of Visions to a name that better reflects the new business operations of the company. Prior to the transaction, Visions had very nominal business operations.
    Commenting on going public, Hanlin Chen, CEO, Chairman and President of Genesis, "Taking Genesis public in the United States has been a part our plan to continue the success and growth of our company. Genesis' strategic plan is to focus on market expansion in the domestic and international arena. Generally, to achieve this goal Genesis will focus on name recognition, customer service and the ability to provide quality products to its customers. In addition, product line expansion, with a focus on parts, accessories and new technologies will be important to the overall development of the business. For international market expansion, Genesis will target North America and the Asia-pacific countries, and the Middle East areas such as the United States, Canada, Malaysia, Indonesia and Korea.
    In the past two years, Genesis has achieved an annual growth rate of 25%. At the end of 2002, Genesis's total net worth was approximately $24 million USD and net profits were more than $4 million USD. In 2003, Genesis is expected to achieve $6 million USD in net profits. This will be an increase of 50% compared to 2002 and continue Genesis's successful growth curve. Genesis's overall increased sales are the result of the high industry growth within the country's automobile industry sector and Genesis's market expansion in China within the last two years.

    Industry Overview

    The Automobile industry is one of the fastest growing industries in China and is expected to grow at a rate of 10% to 15% per year over the next 3 years. An increase of 10% to 15% in 2003 will make China the third largest automobile market in the world and likely to become the leading purchaser of cars, parts and accessories in the next 5 to 10 years. Based on these figures Genesis maintains that it will achieve at least a 30% annual growth rate over the next three years. Genesis's projected growth rate in fiscal year 2003 of 50% will be achieved without a substantial change to our current structure. Genesis's growth rate is slightly above China's industry standard, however it's consistent with Genesis's current environment.
    The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.