Greenway Design Group Announces 370% Increase in Commercial Sales
28 Settembre 2011 - 11:05PM
Marketwired
Greenway Design Group, Inc. (PINKSHEETS: GDGI) today announced that
sales of its commercial Cool-n-Save system have increased by 370%
from the prior year comparable period. By comparison, sales of
residential systems have dropped by about 20% from the prior year
comparable period.
"The company has limited funds available for marketing, so we
chose to focus on the more profitable sector," says Ben Lefrancois,
CEO of Greenway Design Group, Inc. based in Huntington Beach,
California. "Commercial installations are more profitable than
residential sales, largely due to the margins we have to give for
retail sales. Moreover, nearly all sales have been driven by
word-of-mouth; people are catching on to Cool-n-Save's ability to
help businesses dramatically reduce core costs in places that was
previously thought either impossible or extremely difficult."
Lefrancois also cautions that there can be no assurance that the
increase in commercial systems sales will continue in light of
continuing uncertainties in the economy and given that coming
months will likely be cooler.
According to company reports, Cool-n-Save commercial systems
consistently generate savings of approximately 23% or more and up
to 30% during high heat/high demand seasons. At that level of
savings, most commercial installations see a total return on
investment in about 12 months or less.
"Again and again, we have demonstrated that Cool-n-Save is a
game changer," continues Lefrancois. "We impressed the engineers at
a prestigious university and won an engineering award. We continue
to sell systems for residential and commercial customers all over
the country; we are even installing systems in Costa Rica.
"We created the Cool-n-Save system in 5 years, but since we took
our stock public six months ago, we have managed to accomplish
quite a bit more," Lefrancois remarks.
In a letter to investors, Lefrancois also discussed the status
of the company's stock:
"We are surprised by the extent of the unusual recent daily
trading volumes recorded for our Company's Common Stock. We are not
certain what may have caused these increased trading levels but we
are certain that since January 1, 2011 to the present date, the
Company's officers and directors have not undertaken any public
re-sale of their stockholdings.
"While we cannot be certain what may have caused the increased
trading volume, we can speculate that it may have been due to short
sellers who needed to cover their trading positions. At the same
time, we do know that none of our officers or directors have
purchased or sold any shares of the Company's Common Stock during
this period and we have not engaged the services of any external
investor or public relations firm.
"We do know that the Company's Common Stock, similar to the
common stock of other small public companies that trade on the OTC
Market, trades on a limited and sporadic basis and there can be no
assurance that any continuous and liquid trading market will
develop or, if it does develop, that it will be sustained," the
letter states.
"We anticipate that if market conditions allow, our share price
may regain value," Lefrancois states.
Lefrancois and the Greenway Design Group board of directors urge
that stockholders refer to disclosures on OTCmarkets.com for a
complete explanation of the company's stock ownership and other
required reports.
"It is a mistake to view the present volatility as any
indication of the company's health or its prospects," says
Lefrancois. "We continue to work on behalf of our customers and our
investors."
Cool-n-Save is an award-winning and patented energy conservation
innovation that uses evaporation to pre-cool air and reduces HVAC
energy consumption by as much as 30%. The company has been
developing evaporative pre-cool misting technology for commercial
and residential air conditioning since 2005. The company recently
won the Harvey Mudd College/TechAmerica High-Tech Innovation Award
for Green Engineering. Cool-n-Save is available for commercial and
residential air conditioning systems. Commercial Cool-n-Save
systems feature HERO, a high-efficiency turn-key water treatment
and mechanical filtration system also patented by the company.
Cool-n-Save is manufactured and marketed in the U.S.A. For more
information about Greenway Design Group, Inc. and Cool-n-Save, 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.
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CONTACT INFORMATION: Ray Wyman Jr Communications Dir
EMAIL: Email Contact OFFICE: 714-892-0011
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