Greenway Technology to Enter $65 Billion Alternative Lifestyle Tourism Market
November 16 2012 - 4:05PM
Marketwired
GREENWAY TECHNOLOGY (the "Company") (PINKSHEETS: GWYT) today
announced that it, through its wholly owned subsidiary Andalusian
Resort, will enter the $65 billion Gay and Lesbian tourism market.
Bernard Fried, President and CEO of Greenway Technology said:
"For our guests, Andalusian Resorts is dedicated to supporting the
rights of the Gay community and providing the Gay traveler with the
highest degree of comfort and service in all of our resorts. For
our shareholders, our dedication and support of the Gay traveler is
not without reason." Information in a report from Community
Marketing, Inc. (CMI) shows that "gay men and lesbians travel more,
own more homes and cars, spend more on electronics, and have the
largest amount of disposable income of any niche market." Mr. Fried
continues: "More disposable income will equate to more available
dollars for vacation and travel."
Based on the Department of Commerce tourism statistics, CMI
estimates that gay and lesbian tourism generates more than $65
billion a year in the U.S. alone. In addition, CMI says when
choosing a destination Gay travelers are primarily motivated by
recommendations from friends, unique attractions, and destinations
known for their gay-friendliness. We are confident that Gay
travelers will find Andalusian Resorts meeting all of their
requirements.
We are developing the Andalusian Resort chain as a place for Gay
couples to come to relax and have fun in an environment that
promotes Peace and Harmony. We have already announced that we are
in final negotiations with hotels in Palm Springs, California and
Las Vegas, Nevada; we will soon be announcing our entry into the
Orlando, Florida market, all among the top destinations for Gay
travelers. In the coming weeks, we will be announcing the location
of our first Gentlemen's club. Andalusian is the place for Gay
couples.
Additionally, the present White House Administration will
continue to have a positive impact on the Gay community and on the
future of projects such as Andalusian Resort. The Administration's
support of full marriage equality, the Respect for Marriage Act,
and the Passage of the Matthew Shepard and James Byrd, Jr. Hate
Crimes Prevention Act have created a better environment for Gay
couples than ever before. Aided by this support and advocacy,
fourteen states, including the recent additions of Maine, Maryland,
and Washington, have passed laws allowing Gay couples to marry.
Married couples take honeymoons and soon will be able to travel to
a new a destination, the Andalusian Resort.
In a speech last year marking the upcoming Human Rights Day and
reported by CNN World, U.S. Secretary of State Hillary Clinton
challenged nations around the world to recognize that "gay rights
are human rights and human rights are gay rights," building on an
order by President Barack Obama directing all U.S. agencies to
"promote and protect" the rights of gay people. Clinton called the
rights of lesbian, gay, bisexual, and transgender people
"universal" and criticized nations that criminalize gay behavior or
tolerate abuse of gay, bisexual or transgendered people. At the
same time, Obama announced a presidential directive to use U.S.
foreign aid to promote rights for gays and lesbians abroad,
including combating attempts by foreign governments to criminalize
homosexuality and making treatment of gays a factor in awarding
foreign aid.
Please visit us at www.arsproud.com or www.andalusianresort.com
to learn more about us.
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 our ability to acquire resort
properties, rehabilitate the same to the extent necessary and
obtain financing necessary to do so, as well as 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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