Genesis Technology, the high-end audiophile loudspeaker manufacturer, has announced some important changes to their business. Many unfounded rumors are circulating throughout out industry that the company believes require clarification, or in most cases, need to be dispelled in their entirety.Paul McGowan has, in fact, stepped down as President of Genesis Technologies Inc. to pursue his own interests. Arnie Nudell has assumed McGowanís role as President of the company. Mr. Nudell can be reach at Genesis on a day-to-day basis.Nudell comments, ""All of us join in wishing out friend and former partner the very best of success in his new incarnation of PS Audio. We all feel that these changes will be good for each of us personally, as well as for each business entity.""Mark L. Schifter has also started his own business again. Mr. Schifterís role as the Executive Vice President has not been filled as such, but the company has hired industry veteran Dick McConser to take over the Sales and Marketing role in the title of National Sales Director.Mr. Schifter will remain a Genesis shareholder and will act as an active participant in the area of international sales and marketing. The companyís plan is for Schifter to transition out of the main business by mid-year, acting as a consultant thereafter. Schifter has been available to Genesisí new dealers and distributors for contact via his new business, Perpetual Technologies, should they have any questions or needs.Schifter offers this comment, ""Dick McConser is someone I respect and admire greatly. He is certain to be a marvelous asset to Genesis and its partners, and I look forward to working closely with Dick during this transition period. I know Dick will do a sensational job, and we are all grateful to have him on board. Iíll always stand ready and willing to discuss any of these issues directly with out dealer or importer base should they have questions or concerns. I can be reached at my new office number as listed below.""Nudell had this to say, ""Mark will always be a valued asset to the Genesis family and to me personally. I agree that we are all very fortunate to have Dick McConser spearheading the sales and marketing effort now. Iím also quite certain that the future at Genesis looks very bright with people like Dick as well as our Operations Manager, industry veteran, Bill Abplanalp. As well, Gene Baker continues to do a sensational job as out Production Manager, and with this team our outlook forward looks stronger than ever.""Future plans call for a stronger U.S. based presence with products specifically designed for the new market opportunities that have emerged. Genesisí new G-750 center channel and G-928 servo subwoofer set the pace for new products and programs.Genesisí will have a stronger presence in home theatre this year. New updates are available now for current Signature Products. These include the G-2000 servo amplifier and Genesisí easy to install Ribbon Midrange upgrade.Lastly, Schifter has this to say, ""My lifelong friendship with Arnie has been well served during my tenure at Genesis Technologies. Iíve enjoyed each and every minute of itÖfinally getting an opportunity to work with my mentor. I fell honored to have served the brand that Arnie and Paul have worked so hard for. I hope only for great things for Genesis.""Nudell closed by saying. ""Weíll miss Markís day-to-day presence here at the factory. Mark was instrumental in our growth over these last few years, and I personally would like to thank him for his great efforts, and wish him nothing but great success with his new venture. Genesis is now poised to move forward with plans that will continue out great tradition of serving the musicÖand now the film industry.""For more information, please contact Mark Schifter at 303 543 7500 or email at mlschifter@csi.com or Arnie Nudell at 303 827 9515.