SOURCE: Greenway Technology

November 20, 2012 08:00 ET

Greenway Technology to Offer Loyalty Program and Launch Andalusian Brand

LAS VEGAS, NV--(Marketwire - Nov 20, 2012) - Greenway Technology (the "Company") (PINKSHEETS: GWYT) today announced the opening of the Andalusian Resort Loyalty Program where "Loyalty Has Its Privileges." Two percent (2%) of every dollar spent on membership fees, merchandise sales, club services and our resorts will be awarded for our guests to redeem in any Andalusian Resort (no usage restrictions). In addition, ten percent (10%) of all membership fees and merchandise sales revenue will be donated to a Foundation we will be forming for the purpose of supporting the Gay community with passion and compassion.

Over the course of the next several months we will announce a three member group who will begin the process of monitoring and determining how to best use these donations to support and better serve the GAY community worldwide.

It is Andalusian Resorts' mission to set the benchmark in quality, service, and support to our patron members, and at the same time raise awareness of GAY rights issues and advocate sexual preference equality. The GAY community has a willingness to belong and support these very important issues.

Our branded wearing apparel, various merchandise, and club memberships can be viewed and purchased through our Internet site. http://www.cafepress.com/andalusian

Bernard Fried, President and CEO of Greenway Technology and Andalusian Resort, said, "We want to show our total commitment to the GAY community, and want to use our resources to ensure we give back to those who are supporting our efforts. A separate Board will be put in place for the Foundation to ensure we utilize Foundation Resources in the best possible way."

We encourage prospective members to MAKE YOUR MOVE!, join the club, and make an impact. "BE ARS PROUD." The world needs to be a friendly place, setting the standard, while respecting all the reasons we share this world TOGETHER.

There are approximately 300 million people living in the United States, and the GAY population is estimated to be 10 percent or 30 million people. Using a conservative estimate, if only 10 percent of the GAY population joined the Andalusian family we would have 3 million members paying $25 each, potentially giving us a $75 million cash flow annually and $7.5 million for our soon to be formed foundation from this one revenue source alone. This is in addition to five other non-affiliated revenue sources from our resorts and clubs. 

Our first two resorts are slated to be located in Las Vegas, Nevada and Palm Springs, California. We are currently in negotiations with both properties. Closing is subject to certain contingencies, including, but not limited to, the availability of financing necessary and acceptable terms.

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
    Source: GREENWAY TECHNOLOGY
    Released: November 20, 2012