ARLINGTON, Texas, Oct. 08, 2018 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (GWTI: OTCQB), and its wholly-owned subsidiary Greenway Innovative Energy announce a shareholder conference call to discuss the authorization of additional Class A common shares and to update investors on recent company developments. The call is scheduled for 3 p.m. CDT, 4 p.m. EDT on Thursday, October 11, 2018.
Shareholder Conference Call Details
Telephone Number: 319-527-2480
Date: Thursday, October 11, 2018
Time: 3 p.m. CDT, 4 p.m. EDT
Speakers: President of GWTI, John Olynick, Chairman of the Board, Raymond Wright
About Greenway Technologies, Inc.
Based in Arlington, Texas, Greenway Technologies through its wholly owned subsidiary, Greenway Innovative Energy is engaged in the research and development of economical small-scale gas-to-liquids (GTL) syngas conversion systems that can be scaled to meet field requirements. The company’s patented technology has been realized in its recently completed first-generation commercial G-Reformer® unit, a unique component used to convert natural gas into synthesis gas and, when combined with a Fischer-Tropsch reactor and catalyst, to create liquid fuels. The G-Reformer® can be field-deployed to process a variety natural gas streams including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, or biomass to produce fuels including diesel, jet fuel, methanol, and gasoline. These fuels, derived from natural gas, are incrementally cleaner than similar petroleum-based fuels.
The company also owns 1,440 acres of placer mining claims on federal Bureau of Land Management land located in Mohave County, Arizona. The company was formerly known as UMED Holdings, Inc. and changed its name to Greenway Technologies, Inc. in June 2017.
For more information about GWTI, visit www.gwtechinc.com.
Safe Harbor Statement: All statements from Greenway Technologies, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the PSLRA of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, among others, statements regarding the ability of the Company to secure new investment and financial relationships, business and operational partnerships and other activities that meet our commercialization, market and research and development investment strategies. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.