SOURCE: Greenway Design Group, Inc.

Greenway Design Group, Inc.

September 28, 2011 17:05 ET

Greenway Design Group Announces 370% Increase in Commercial Sales

HUNTINGTON BEACH, CA--(Marketwire - Sep 28, 2011) - Greenway Design Group, Inc. (PINKSHEETS: GDGI) today announced that sales of its commercial Cool-n-Save system have increased by 370% from the prior year comparable period. By comparison, sales of residential systems have dropped by about 20% from the prior year comparable period.

"The company has limited funds available for marketing, so we chose to focus on the more profitable sector," says Ben Lefrancois, CEO of Greenway Design Group, Inc. based in Huntington Beach, California. "Commercial installations are more profitable than residential sales, largely due to the margins we have to give for retail sales. Moreover, nearly all sales have been driven by word-of-mouth; people are catching on to Cool-n-Save's ability to help businesses dramatically reduce core costs in places that was previously thought either impossible or extremely difficult." Lefrancois also cautions that there can be no assurance that the increase in commercial systems sales will continue in light of continuing uncertainties in the economy and given that coming months will likely be cooler.

According to company reports, Cool-n-Save commercial systems consistently generate savings of approximately 23% or more and up to 30% during high heat/high demand seasons. At that level of savings, most commercial installations see a total return on investment in about 12 months or less.

"Again and again, we have demonstrated that Cool-n-Save is a game changer," continues Lefrancois. "We impressed the engineers at a prestigious university and won an engineering award. We continue to sell systems for residential and commercial customers all over the country; we are even installing systems in Costa Rica.

"We created the Cool-n-Save system in 5 years, but since we took our stock public six months ago, we have managed to accomplish quite a bit more," Lefrancois remarks.

In a letter to investors, Lefrancois also discussed the status of the company's stock:

"We are surprised by the extent of the unusual recent daily trading volumes recorded for our Company's Common Stock. We are not certain what may have caused these increased trading levels but we are certain that since January 1, 2011 to the present date, the Company's officers and directors have not undertaken any public re-sale of their stockholdings.

"While we cannot be certain what may have caused the increased trading volume, we can speculate that it may have been due to short sellers who needed to cover their trading positions. At the same time, we do know that none of our officers or directors have purchased or sold any shares of the Company's Common Stock during this period and we have not engaged the services of any external investor or public relations firm.

"We do know that the Company's Common Stock, similar to the common stock of other small public companies that trade on the OTC Market, trades on a limited and sporadic basis and there can be no assurance that any continuous and liquid trading market will develop or, if it does develop, that it will be sustained," the letter states.

"We anticipate that if market conditions allow, our share price may regain value," Lefrancois states.

Lefrancois and the Greenway Design Group board of directors urge that stockholders refer to disclosures on OTCmarkets.com for a complete explanation of the company's stock ownership and other required reports.

"It is a mistake to view the present volatility as any indication of the company's health or its prospects," says Lefrancois. "We continue to work on behalf of our customers and our investors."

Cool-n-Save is an award-winning and patented energy conservation innovation that uses evaporation to pre-cool air and reduces HVAC energy consumption by as much as 30%. The company has been developing evaporative pre-cool misting technology for commercial and residential air conditioning since 2005. The company recently won the Harvey Mudd College/TechAmerica High-Tech Innovation Award for Green Engineering. Cool-n-Save is available for commercial and residential air conditioning systems. Commercial Cool-n-Save systems feature HERO, a high-efficiency turn-key water treatment and mechanical filtration system also patented by the company. Cool-n-Save is manufactured and marketed in the U.S.A. For more information about Greenway Design Group, Inc. and Cool-n-Save, call 714-892-0011 or visit www.coolnsave.com and www.greenwaydesigns.com.

FORWARD-LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASSUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL AND MANAGERIAL RESOURCES, OUR INABILITY TO MARKET AND SELL OUR LIMITED PRODUCT LINE IN SUFFICIENT VOLUMES THAT MAY ALLOW US TO ACHIEVE AND MAINTAIN PROFITABILITY AND POSITIVE CASH FLOW, THE UNCERTAINTY OF MARKET TRENDS, THE INTENSE COMPETITION FACED FROM OTHER CURRENT AND FUTURE TECHNOLOGIES AND THE UNCERTAINTIES OF COMPETITIVE PRESSURES WE FACE. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS.

Contact Information

  • CONTACT INFORMATION:
    Ray Wyman Jr
    Communications Dir
    EMAIL: Email Contact
    OFFICE: 714-892-0011