Greens Worldwide Executes Definitive Agreement to Acquire Television Production Firm Still Moving, Inc.

Greens Worldwide Executes Definitive Agreement to Acquire Television Production Firm Still Moving, Inc.

HERTFORD, N.C., April 5 /PRNewswire-FirstCall/ -- Greens Worldwide Incorporated, (BULLETIN BOARD: GRWW) announced today that it has executed a Definitive Agreement to acquire Still Moving, Inc., an independent television production firm (www.still-moving.com). The closing of the transaction is subject to completion of customary final due diligence and delivery of documentation to effect the closing, which is scheduled for no later than April 15, 2006. Still Moving, Inc., when the acquisition is closed, will provide in-house television production capabilities to produce the television programming of the US Pro Golf Tour, Inc. on Fox Sports Net, and the New England Pro Golf Tour on The Golf Channel.

"The acquisition of Still Moving, when completed, will provide our company with in-house capability to produce our own sports programming, delivering savings on production costs and enhanced capabilities for our sponsor partners," said Tom Kidd, Chief Executive Officer of Greens Worldwide Incorporated.

Richard Hall, Jr., President of Still Moving, Inc. added, "Still Moving is excited about joining the Greens family. The momentum and synergy of Greens sets the stage for Still Moving to develop entertaining and compelling programming that will showcase the Greens Worldwide properties. We look forward to the growth and success that this alliance will generate."

About Greens Worldwide Incorporated

Greens Worldwide Incorporated is a vertically integrated sports marketing and management company, engaged in owning and operating sports entities and their support companies and is publicly traded under the stock symbol GRWW. Our current operating subsidiaries are the US Pro Golf Tour, Inc. www.usprogolftour.com, BreakThru Media, Inc. www.breakthrumedia.com , Crowley and Company Advertising, Inc. www.crowleyadvertising.com , New England Pro Tour, Inc. www.neprogolftour.com, and Las Vegas Golf Schools, Inc. www.gotogolfschool.com. In our continuing effort to develop a more cohesive and synergistic organization, we are structured in a way that allows all of our wholly owned subsidiaries to utilize each other's resources to the greatest extent possible. In addition, the Company's strategic plan is to be able to deliver substantial value by providing multiple sports platforms and media to leverage our partners advertising and promotional dollars, while delivering the finest entertainment opportunities to retain and build customers. For our non-sports businesses, we will utilize the media and promotional benefits of our media platforms in Television, Radio, and Print, together with Internet Television and other like strategic relationships, to grow our consolidated revenues. The Company intends to continue its strategy of acquiring profitable sports organizations and sports related firms, together with other businesses that would benefit from the synergy the Company provides.

Forward-Looking Statements

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations. Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission.

Contact
Tom Kidd
Chief Executive Officer
252.264.2064

Source: Greens Worldwide Incorporated

CONTACT: Tom Kidd, Chief Executive Officer of Greens Worldwide
Incorporated, +1-252-264-2064

Web site: http://www.still-moving.com/

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