HUNTINGTON BEACH, CA — (Marketwire) — 10/12/11 — Greenway Design Group, Inc. (PINKSHEETS: GDGI) announced today Abe Mathalon as the new Chief Executive Officer (CEO) of Greenway Design Group, Inc. Mathalon will assume responsibility for all of the corporation–s development and growth activities including investor relations.
Simultaneously, current Greenway CEO Ben Lefrancois will continue in his role of President and remain active in the day-to-day management of all company operations. Lefrancois will also retain his position as Chairman of the Board.
Darius Jakubik will also remain in his position as Senior Vice President of the company and Secretary of the Board. Jakubik manages pricing and reseller policies, and oversees all dealer/distributor fulfillment operations.
Mathalon has nearly 30 years of experience in financing and investment procurement. Most of his experience is in commercial and property developments, working with property development and construction management companies. Mathalon has been the owner/principal of several funding corporations and has managed commercial and residential properties valued at more than $60 million and arranged more than $330 million in property development funding. He also served as the chief financial officer of LED Folio Corp, a leading designer and manufacturer of energy efficient LED lighting solutions with offices in Beverly Hills, CA and Riverdale, NJ.
“Abe–s track record speaks for itself,” said Lefrancois. “His knowledge of financing and investor relations is unsurpassed. We anticipate that his long-term contribution to Greenway–s success will help drive the company–s impressive growth trend.”
Cool-n-Save is an award-winning and patented energy conservation innovation that uses evaporation to reduce 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 and .
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 Water Treatment System” are registered trademarks of Greenway Design Group, Inc.
Ray Wyman Jr
Communications Dir
EMAIL:
OFFICE: 714-892-0011