Greenway Design Receives New Order from Mexico and Rebounds from All-Time Low (GDGI)

Greenway Design (OTC: GDGI) rebounded from its all-time low after receiving a new order from Kash Casino network in Mexico. Greenway Design opened today’s trading session at a share price of $0.005, and quickly touched the intraday high of $0.006 before 10:30 a.m. Greenway Design eventually closed at a share price of $0.0045, or 18.4% higher than its previous close. Greenway Design also accumulated heavy volume today, with 31.8 million shares exchanging hands, bypassing its daily average of 1.3 million shares.

Today, July 26, 2012, Greenway Design confirmed that its ESA dealer in Mexico has received an order from the Kash Casino network to install Cool-n-Save systems at two of their facilities. The first round of the contract is valued at $59,731 for the two facilities located in Naucalpan and Cuernavaca. Kash Casinos operates five facilities in Mexico.

Despite today’s solid rally, Greenway Design has a 94% loss in share price year-to-date. The stock has tanked significantly since the start of June. On April 4, 2012, a share of Greenway Design was priced at $0.19, which has been the stock’s highest price since the start of 2012. Greenway Design traded at a volume of 3,510 at that point.

A number of newsletters have promoted Greenway Design, according to the results listed on stockpromoters.com. As noted by @pennystock24 on Twitter, Pennystocks for Dummies promoted Greenway Design today.

Here are some other notable headlines for Greenway Design:

  • June 28, 2012: Greenway Design released portions of its mid-year president’s survey of current ESA dealers. Among other things, this report tallies the number of commercial locations that dealers expect to install with Cool-n-Save over the next three years.
  • June 25, 2012: Greenway Design announced that its dealer in Oklahoma City, Oklahoma, has begun a test of a Cool-n-Save system at the Pepsi bottling facility in Tulsa, Oklahoma.
  • June 21, 2012: Greenway Design confirmed 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 was wishing to evaluate the Cool-n-Save system at this location as a precursor to purchasing additional systems for its network of 500 retail outlets.

Greenway Design markets its pre-cool technology under the trademark “Cool-n-Save.” Independent studies and subsequent field studies in Nevada and Costa Rica show that Cool-n-Save evaporative pre-cooling systems may produce energy cost savings as high as 30% with an average savings of about 26% from air conditioning use during peak heat seasons.

The company has been developing pre-cool misting technology since 2005. Greenway received a “green engineering” award co-sponsored by TechAmerica and Harvey Mudd College in 2011.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.