SOURCE: Greenway Design Group, Inc.

Greenway Design Group, Inc.

March 10, 2011 06:30 ET

Greenway Design Group, Inc. (GDGI.PK) Announces a "Green" Partnership in Jamaica

HUNTINGTON BEACH, CA--(Marketwire - March 10, 2011) - Greenway Design Group, Inc. (http://www.greenwaydesigns.com/) (PINKSHEETS: GDGI) has received approval from the Electricity Division of the Commerce, Science and Technology Ministry of Jamaica to begin installation of Cool-n-Save pre-cool systems in Jamaica. The approval was granted by Solomon Burchell, the Director of the division.

"I anticipate that Cool-n-Save will be an integral part of getting a handle on the dramatic energy shortage we are experiencing here," says Burchell. "Cool-n-Save may allow many thousands of Jamaicans who have been reluctant to use air conditioning due to high energy cost. This represents a huge change in lifestyles but may also help increase commerce and job growth."

A test of Cool-n-Save in Jamaica began early this year. Government and business enthusiastically received the test results. Mr. Aggrey Palmer has been approved by Greenway Design Group to be the Cool-n-Save dealer representative in Jamaica.

"We are very enthusiastic about the amount of carbon reduction represented by energy reduction from Cool-n-Save," says Palmer. "For local environmental reasons as well as a potential economical homerun, this may allow us to increase our share of carbon credits we may be able to trade internationally from the international carbon credit program."

At present, about 200 Cool-n-Save high performance commercial systems have been installed in the U.S. The Company has sold approximately 16,000 Cool-n-Save residential pre-cool do-it-yourself installation kits. For more information about the company and its products, 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.

"Cool-n-Save" and "Cool Release" are registered trademarks of Greenway Design Group, Inc.

Contact Information

  • CONTACT INFORMATION:
    Ray Wyman Jr
    Communications Dir
    EMAIL: Email Contact
    OFFICE: 714-892-0011 x26
    CELL: 714-330-2232