Greenway Design Group, Inc. (GDGI.PK) Releases Corporate Update

Marketwired

HUNTINGTON BEACH, CA--(Marketwire - Mar 19, 2013) - Greenway Design Group, Inc. (PINKSHEETS: GDGI) -- The last two quarters of 2012 were a very disappointing time for GDGI shareholders, the Board, and management. The lack of commercial commitments fulfilled was due, in part, to a longer than anticipated approval process which put GDGI behind in anticipated projections, while a fledgling economy and lack of proper funding hindered the residential product.

As a result of these difficulties, GDGI management initiated a new business model including a review and examination of current business procedures and plans. The purpose of this correspondence is to help our shareholders understand and share the new strategic plan and business model.

The vision for GDGI still remains the same: To be a leader and grow into a high-quality energy saving company capable of delivering top-quality sustainable shareholder returns through opportunities and applications of innovative commercialization strategies in markets where the technology thrives such as Central America, Mexico, Asia, Australia and the United States.

Reviewing our weaknesses:

1. Operational cost with the lack of incoming revenues.

2. Understanding real timelines with testing and approval of projects in mind.

3. Geographic feasibility of manufacturing and the cost to deliver our products.

In reviewing GDGI's business model we have identified and changed key areas and turned our weaknesses into strengths.

In reviewing our expenditures from 2010 through 2012, GDGI made the decision to dramatically reduce overhead by making the commitment to audit each segment of our expenditures and make a determined effort to lower cost. First, GDGI decided to change facilities, which saved thousands in monthly costs. With a combined effort of the management team and officers GDGI was able to reduce expenditures by 60%. This effort will ensure the maximum capabilities of retaining income from upcoming sales.

Second, GDGI acknowledged the difficulty in delivering a new innovative energy-saving technology to the large-scale market. The sales cycle has proven to be much longer than originally anticipated. On a positive note, GDGI has been in the Central American markets now since 2011 testing on all three of the major banks in Costa Rica. GDGI has installed in several locations in Mexico since early 2012 and Puerto Rico since early 2012. The United States market has slowly but steadily grown due to proven installations and results.

Last, GDGI experienced difficulty producing a product for commercial use in Asia due to the cost of manufacturing and shipping. After initial test results in early 2012, GDGI came to an agreement with Photon Ltd. CEO Jake Cho. Under the agreement GDGI partnered with Photon to manufacture and sell under the Cool-n-Save banner throughout Asia. GDGI will receive royalties on all sales beginning first quarter 2013 per the agreement.

The Company's core activities have never been stronger. Three patents support our marketing activities: Cool Release chemical water treatment, the Cool-n-Save residential paddle, and the "HERO" High Efficiency water treatment system.

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 DOCUMENT 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.

Contact:
CONTACT INFORMATION:
Gabriel Lefrancois
Communications Dir
EMAIL: Email Contact
Phone: (714) 917-5375
View Comments (0)