FORT WORTH, Texas,, Jan. 18, 2018 (GLOBE NEWSWIRE) -- UMED Holdings, Inc. today announced the finalization of the change of its corporate name to Greenway Technologies, Inc. The company also announced that its stock symbol has changed to (OTCQB: GWTI), formerly (OTCQB: UMED).
“Changing the company name to Greenway Technologies, Inc. better reflects the nature and mission of the company,” said D. Patrick Six, President. “Additionally, our corporate name is now better harmonized with our important wholly-owned subsidiary, Greenway Innovative Energy.”
Greenway Innovative Energy (GIE) is engaged in the development of small-scale gas-to-liquids (GTL) systems that can be scaled to meet field requirements. The company’s proprietary technology offers the ability to monetize stranded or associated natural gas resources in field locations.
GIE is nearing completion of the construction of its first commercial synthesis gas generating module, called the G-Reformer®, which converts natural gas to synthesis gas. The G-Reformer® is a unique and critical component of the company’s GTL technology solution.
Shareholder Conference Call, February 8, 2018
A call has been scheduled to update shareholders on recent events and plans.
Shareholders are invited to call in:
Telephone Number: 319-527-2480
Date: Thursday, February 8, 2018
Time: 3:00 pm CST
Speakers: Pat Six, Chairman and President of GWTI, Ray Wright, President of GIE, Tom Phillips, GIE Vice President of Operations.
Forward-Looking Statements
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses, and contingencies, and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition, advances in technology, and other factors.