Greenlite Ventures Enters into
Strategic Alliance with Woodway USA
Boca Raton, FL -- March 15, 2024 -- InvestorsHub NewsWire --
Greenlite Ventures, Inc. (OTC
Pink: “GRNL”) has announced the signing of Agreements with
Woodway USA, Inc. and its owner, Doug Bayerlein, that call for the
parties to work in partnership for the sale of simulated altitude
chambers, as well as other joint venture opportunities. Woodway is
the largest specialized treadmill manufacturer in the USA, and has
a client list that includes every NFL, NBA, and MLB team along with
an extensive list of NHL teams, international soccer clubs, major
colleges, and top government agencies.
The Agreements were brought about by GRNL Consultant, Dave Vincent,
who is the founder and CEO of Sporting Edge UK, a global leader in
the sale of simulated altitude and extreme environmental chambers.
Last year, GRNL acquired the exclusive North America rights for all
Sporting Edge’s patents and products and has now passed those
rights onto Woodway in exchange for an ongoing top-line royalty
covering all related sales. Vincent has been working with Woodway
on various projects for over 5 years and will play a lead role in
the rollout of Woodway Altitude Chambers across the Americas.
The parties are also working together to open the first altitude
fitness center featuring all Woodway products which is currently
being built-out inside the renowned Impact Zone in New Jersey. The
Impact Zone is one of the world’s largest fitness/training
facilities and is the training center for many top professional
athletes from all sports. The new unit will utilize two lines of
Woodway Treadmills and Watt Bikes inside a Woodway simulated
altitude chamber and will likely serve as the flagship unit for a
planned altitude franchise roll-out.
Woodway’s Doug Bayerlein said, “I am really pleased to be back
working with Dave Vincent as we strive to make altitude training as
big in the States as Dave has made it in Europe. This new
Partnership gives me the opportunity to fully leverage the Woodway
brand in market sectors many times larger than treadmills, while
also leveraging GRNL’s strong franchising and fitness center
connections. I look forward to making Woodway a household name on a
number of new levels through our extraordinary Partnership with
GRNL.”
Russ Elbaum, GRNL’s Chairman concluded, “It was obvious from the
outset that Doug and I share the same vision for our joint altitude
efforts and potential franchise partnership. Just the altitude
sales alone that Woodway can make to just a small fraction of their
unparalleled customer base can bring GRNL a substantial income
stream for years to come. It is truly an honor for all of us at
Greenlite to partner with Doug Bayerlein and his iconic Woodway
brand.”
SAFE HARBOR STATEMENT
This press release contains certain
"forward-looking statements," as defined in the United
States Private Securities Litigation Reform Act of 195,
that involve a number of risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and the
actual results and future events could differ materially from
management's current expectations. The economic, competitive,
governmental, technological and other factors identified in the
Company's previous filings with the Securities and Exchange
Commission may cause actual results or events to differ materially
from those described in the forward-looking statements in this
press release. The Company undertakes no obligation to publicly
update or revise any forward-looking statements whether as a result
of new information future events or otherwise. No information
contained in this press release should be construed as any
indication of the Company’s future revenues, results of operations,
or stock price.
CONTACT
Rich Kaiser 757 373 5890 Rich@yesinternational.com