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GREENWAY TECHNOLOGY Acquires Andalusian Resorts, LLC

GREENWAY TECHNOLOGY Acquires Andalusian Resorts, LLC 
LAS VEGAS, NV -- (Marketwire) -- 10/25/12 --  GREENWAY TECHNOLOGY
(the "Company") (PINKSHEETS: GWYT) today announced that it acquired
Andalusian Resorts, LLC ("Andalusian") as part of an overall
transaction conveying control of the Company to Bernard A. Fried. The
Company acquired Andalusian for 2,000,000 shares of its preferred
stock valued at $750,000. "We are thrilled to acquire Andalusian,"
stated Kevin Holbert, the Company's former CEO, who has agreed to
remain on our Board of Directors and serve as our Senior Vice
President and Chief Operating Officer. Mr. Fried added, "The
transaction allows us to pursue a vast untapped upscale market with
significant financial potential."  
Mr. Fried brings over thirty years of telecommunications, Customer
Relationship Management, and contact center experience in
entrepreneurial and enterprise settings to our Company. He has
applied his business development, operations and sales skills to
consult with Fortune 1000 and international companies in the US,
India, the Philippines and Australia. His clients have included,
American Electric Power, AT&T, Capital One, Telstra and Nippon
Telephone. From December 2000 through February 2010, Mr. Fried owned
and operated FCI Company, LLC (f/k/a Fried Consulting Group). From
July 2008 through July 2009, he also served as Managing Director of
Coronado Group, Inc. From February 2010 through April 2012, he served
as President and COO and from April 2012 through September 2012 as
CEO of Flint Telecom Group, Inc., an international telecom technology
and services organization delivering next-generation IP
communications products and services. He currently operates
Andalusian Resorts, LLC ("Andalusian"), a development stage company
which intends to be engaged in the operation an exclusive chain of
resorts and spas.  
Mr. Fried will devote his full time efforts towards the Company's
affairs, earning a base salary of $250,000, plus additional
compensation as determined by the Company's board of directors. While
Mr. Fried and the Company have not currently entered into a formal
employment agreement, it is anticipated that such an agreement will
be entered into in the near future. Mr. Fried will be based out of
the Company's new headqu
arters. 
Mr. Fried currently owns 150,000,000 of our common shares and
10,000,000 of our convertible preferred shares and effectively
controls the affairs and management of the Company. Within the last
five years, Mr. Fried has not been the subject of any criminal or
administrative proceeding, does not have any family or other
relationship with any officer or director of the Company, has no
known conflicts with the Company and has not entered into and does
not plan on entering into any related party transaction with the
Company other than as set forth herein.  
Mr. Fried envisions Andalusian to be a premier luxury boutique hotel
and resort chain catering specifically to the many alternative
lifestyles of men and women today. "We see our resorts as a
destination where exceptional care, attention to comfort and detail
and the comfort of our guests will be our ultimate mission." 
It is Mr. Fried's belief that current international hospitality
options afforded exclusively to gay and lesbian travelers are at
best, sub-standard. "Current properties offer one or two star service
for four or five star prices. We intend to offer the gay and lesbian
community a top flight experience that they will want to identify
with and make their own." 
The Company intends to operate as Andalusian Resorts and Spas with
properties initially located in numerous cities throughout the United
States, with its first resorts targeted for Palm Springs, CA and Las
Vegas, NV. The Company is in contract negotiations in Palm Springs
and is in the process of completing negotiations for the acquisition
of the Las Vegas property. If and when negotiations are concluded for
both properties, both closings will be subject to standard conditions
including, but not limited to, completion of due diligence and the
availability of suitable financing, and are expected to close within
the fourth calendar quarter of 2012 or the first calendar quarter of
2013. Both properties, to the extent acquired, will require
significant renovation to bring each property to the Company's most
stringent requirements and standards. 
Matters discussed in this press release contain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on various assumptions and
involve substantial risks and uncertainties, including, without
limitation, those relating to the integration of Andalusian into our
company, our ability to obtain financing necessary to do so, the
execution of its business plan and many other factors which may or
may not be beyond our control.  
Greenway Technology
Bernard A. Fried 
(702) 605-4301
ir@arsproud.com 
Investor Relations 
 
 
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