SOURCE: Greenway Design Group, Inc.

Greenway Design Group, Inc.

March 21, 2011 08:30 ET

Greenway Design Group, Inc. (GDGI.PK) Announces First Municipal Installation

HUNTINGTON BEACH, CA--(Marketwire - March 21, 2011) - Greenway Design Group, Inc. (PINKSHEETS: GDGI) today announced the company's first contract to install a Cool-n-Save commercial pre-cool system for a municipal agency.

"The contract actually covers two agencies: the Fire and Police departments in the City of Geneva, Illinois," says Ben Lefrancois, CEO and President of the company. "All public agencies and cities are looking for ways to save money. We believe that Cool-n-Save may be able to help them save up to 30% on the cost of running their air conditioning systems. This kind of savings could be a big help for city operating budgets."

According to installation documents, the anticipated energy savings for the city is about $16,000 to $18,000 per year. The Geneva Fire Department has six, 5-ton rooftop condensing units and the Police Department has five, 5-ton rooftop condensing units. At this rate of savings, the City of Geneva may see a return on their investment within six months.

The City of Geneva is located 40 miles west of Chicago and has a population of 19,000. The installation contract is valued at $15,000 and will be funded by a grant from the American Recovery and Reinvestment Act.

At present, about 200 Cool-n-Save high performance commercial systems have been installed in the U.S. The Company has also 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," "Cool Release," and "HERO -- High Efficiency Reverse Osmosis" 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