HUNTINGTON BEACH, Calif., July 26, 2012 /PRNewswire/ -- Greenway Design Group, Inc. (GDGI.PK) today confirmed that its ESA dealer in Mexico has received an order from the Kash Casino network to install Cool-n-Save systems at two of their facilities.
The first round contract is valued at $59,731 USD for the two facilities located in Naucalpan and Cuernavaca. Kash Casinos operates five facilities in Mexico.
"We are very pleased to receive this order from our ESA dealer in Mexico at this time," says Ben Lefrancois, president and chairman of Greenway, which is based in Huntington Beach, CA. "This is the first of several contracts that we anticipate we will close this summer. This is also the early fruits of our revenue-building efforts. It demonstrates that not only can we create an innovation that saves a significant amount of energy for our customers, but that we are capable of generating solid revenues from sales for our investors."
Lefrancois also commented on the company's efforts to defend against recent stock trading activity that has negatively affected Greenway's share price. "We are disappointed by the activities of a small number of traders, but we will push through and continue to focus on the fundamentals of running this company. Our first line of defense will be from growing our revenue base from sales; that's how the markets will see Greenway's real value potential."
Greenway markets their pre-cool technology under the trademark "Cool-n-Save." Field studies show that Cool-n-Save evaporative pre-cooling systems may produce energy cost savings as high as 30%, with an average savings of about 26% from air conditioning use during peak heat seasons. The company also received a "green engineering" award from TechAmerica/Harvey Mudd College in 2011. For more information, call 714-892-0011 or visit www.coolnsave.com and www.greenwaydesigns.com.
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.
SOURCE Greenway Design Group, Inc.