Greenway Design Group Announces Cool-n-Save Is Now in Costa Rica
September 14 2011 - 4:09PM
Marketwired
Greenway Design Group, Inc. (PINKSHEETS: GDGI) today announced that
Banco Nacional de Costa Rica has approved the first installation of
Cool-n-Save at a branch office in Jaco, CR.
"Our bank is dedicated to the national mission to remain as
green as possible," says Carlos Villalta, the General Manager at
the Banco Nacional branch Jaco office. "The best way to help meet
that mission is to reduce our energy consumption as much as
possible. Cool-n-Save has clearly demonstrated that it can curtail
energy consumption of air conditioning systems in the U.S. and we
anticipate that it will succeed here as well."
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%. Greenway anticipates that
Cool-n-Save could help the bank reduce HVAC energy consumption at
this location by 26%.
"We're very excited about Banco Nacional's gracious invitation
to install a system for them in Costa Rica," says Ben Lefrancois,
CEO of Greenway Design Group, Inc. based in Huntington Beach,
California. "We believe that energy savings from Cool-n-Save will
be significant for them and getting into Central America at this
time is a major development for us."
Banco Nacional, based in San Jose, Costa Rica, is one of the
largest banks in Central America and provides a wide range of
consumer and business financial services. The bank recently
reported nearly $6 billion (USD) in assets. Founded in 1914, the
bank operates 164 offices and 37 drive-through banks in Costa
Rica.
"Other businesses in the region are also interested in this
installation. Keep in mind that Costa Rica is a pioneer in
renewable energy sources," comments Lefrancois. "They are very
proud of their independence and they have the admiration of the
international community." But, he points out, Costa Rican
ratepayers pay dearly for that independence, about $.26 (USD) per
kilowatt hour. "The entire region is looking to energy conservation
as an important strategy to keep costs down and that's something
that Cool-n-Save has done for other companies," he says.
The company has been developing evaporative pre-cool misting
technology for commercial and residential air conditioning since
2005. Greenway 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 also 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
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CONTACT INFORMATION: Ray Wyman Jr Communications Dir
EMAIL: Email Contact OFFICE: 714-892-0011
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