SOURCE: Greenway Technology

November 16, 2012 16:05 ET

Greenway Technology to Enter $65 Billion Alternative Lifestyle Tourism Market

Billions to Be Spent Worldwide on Gay Marriage Tourism

LAS VEGAS, NV--(Marketwire - Nov 16, 2012) - GREENWAY TECHNOLOGY (the "Company") (PINKSHEETS: GWYT) today announced that it, through its wholly owned subsidiary Andalusian Resort, will enter the $65 billion Gay and Lesbian tourism market. 

Bernard Fried, President and CEO of Greenway Technology said: "For our guests, Andalusian Resorts is dedicated to supporting the rights of the Gay community and providing the Gay traveler with the highest degree of comfort and service in all of our resorts. For our shareholders, our dedication and support of the Gay traveler is not without reason." Information in a report from Community Marketing, Inc. (CMI) shows that "gay men and lesbians travel more, own more homes and cars, spend more on electronics, and have the largest amount of disposable income of any niche market." Mr. Fried continues: "More disposable income will equate to more available dollars for vacation and travel."

Based on the Department of Commerce tourism statistics, CMI estimates that gay and lesbian tourism generates more than $65 billion a year in the U.S. alone. In addition, CMI says when choosing a destination Gay travelers are primarily motivated by recommendations from friends, unique attractions, and destinations known for their gay-friendliness. We are confident that Gay travelers will find Andalusian Resorts meeting all of their requirements.

We are developing the Andalusian Resort chain as a place for Gay couples to come to relax and have fun in an environment that promotes Peace and Harmony. We have already announced that we are in final negotiations with hotels in Palm Springs, California and Las Vegas, Nevada; we will soon be announcing our entry into the Orlando, Florida market, all among the top destinations for Gay travelers. In the coming weeks, we will be announcing the location of our first Gentlemen's club. Andalusian is the place for Gay couples. 

Additionally, the present White House Administration will continue to have a positive impact on the Gay community and on the future of projects such as Andalusian Resort. The Administration's support of full marriage equality, the Respect for Marriage Act, and the Passage of the Matthew Shepard and James Byrd, Jr. Hate Crimes Prevention Act have created a better environment for Gay couples than ever before. Aided by this support and advocacy, fourteen states, including the recent additions of Maine, Maryland, and Washington, have passed laws allowing Gay couples to marry. Married couples take honeymoons and soon will be able to travel to a new a destination, the Andalusian Resort.

In a speech last year marking the upcoming Human Rights Day and reported by CNN World, U.S. Secretary of State Hillary Clinton challenged nations around the world to recognize that "gay rights are human rights and human rights are gay rights," building on an order by President Barack Obama directing all U.S. agencies to "promote and protect" the rights of gay people. Clinton called the rights of lesbian, gay, bisexual, and transgender people "universal" and criticized nations that criminalize gay behavior or tolerate abuse of gay, bisexual or transgendered people. At the same time, Obama announced a presidential directive to use U.S. foreign aid to promote rights for gays and lesbians abroad, including combating attempts by foreign governments to criminalize homosexuality and making treatment of gays a factor in awarding foreign aid.

Please visit us at www.arsproud.com or www.andalusianresort.com to learn more about us. 

Matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on various assumptions and involve substantial risks and uncertainties, including, without limitation, those relating to our ability to acquire resort properties, rehabilitate the same to the extent necessary and obtain financing necessary to do so, as well as many other factors which may or may not be beyond our control.

Contact Information

  • Greenway Technology
    Bernard A. Fried
    (702) 605-4301
    ir@arsproud.com
    Investor Relations