Greenway Design Group, Inc. (GDGI.PK) Announces First Municipal Installation
March 21 2011 - 8:30AM
Marketwired
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: Ray Wyman Jr Communications Dir
EMAIL: Email Contact OFFICE: 714-892-0011 x26 CELL:
714-330-2232
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