Greenway Design Group (OTC: GDGI) fell 16.1% in today’s over-the-counter trading session, closing at a share price of $0.052. This brings the stock to a historical low price.
Greenway’s share performance has been less than attractive for the current year-to-date, which has seen declines of over 30% amid high levels of volatility.
It is reported that Greenway Design Group has been using paid promotion to spike the stock’s performance. However, this strategy has failed to rescue the stock from its continued decline. Volume of Greenway Design Group retreated to 310,947 shares today. While yesterday, volume of the stock spiked to over 4 million.
Here are some recent headlines for Greenway Design Group:
- June 25th, 2012, Greenway Design Group confirmed that its dealer in Oklahoma City-OK has begun a test of a Cool-n-Save system at the Pepsico facility in Tulsa-OK.
- On June 21st, 2012, Greenway Design Group announced that its ESA dealer in Mexico has received confirmation to install a Cool-n-Save system for the Soriana City Club in Ramos Arizpe. According to the dealer, Soriana wishes to evaluate the Cool-n-Save system at this location as a precursor to purchasing additional systems for its network of 500 retail outlets.
- On June 18th, 2012, Greenway Design Group announced that its dealer in South Korea has received an order to install Cool-n-Save systems on three Korea Telecom data storage and networking facilities located in Suwan, Osan, and Seoul.
Greenway Design Group is a company engaged in the design, construction and marketing of commercial and residential solutions for heating ventilation and air conditioning systems that conserve energy and equipment.
Greenway Design Group offers a pre-cool technology, which is marketed under the trademark “Cool-n-Save.” Field studies conducted on the technology demonstrated that it may produce energy costs savings of as high as 30%, with an average savings of around 26% from air conditioning use during peak heat seasons.
Recently, Ben Lefrancois, President and Chairman of Greenway Design, said that GDGI’s most popular Cool-n-Save configuration, called the Hero-50 pump/filter system, may cost customer between $15,000 and $25,000. This includes the first year to replace water filter and chemistry. Lefrancois said that the other side of this equation is the estimated energy savings. According to Lefrancois, majority of Greenway’s customers see 22% to 33% reduction in energy use from air conditioning. This translates to savings of $1,250 to $2,000 per month.
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