Greens Worldwide Incorporated Closes $1 million in New Financing With Accredited Investors - Receives First Payment of $500,000

Greens Worldwide Incorporated Closes $1 million in New Financing With Accredited Investors - Receives First Payment of $500,000

HERTFORD, N.C., Aug. 8 /PRNewswire-FirstCall/ -- Greens Worldwide Incorporated (BULLETIN BOARD: GRWW) announced today that it had received a total of $500,000 from four accredited investors and will also receive an additional amount totaling $500,000 on August 30, 2006.

"This continued funding provides GRWW with the resources to execute its business plan. GRWW will continue our efforts to acquire and develop sports organizations where revenues and earnings will contribute to shareholder value and those specific organizations which will provide multiple cross marketing and revenue bundling opportunities," stated R. Thomas Kidd, Chief Executive Officer of GRWW.

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, Still Moving, Inc. www.still-moving.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. www.grwwsports.com

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

For more information, contact:
Tom Kidd, CEO
Greens Worldwide Incorporated
252.264.2064

Source: Greens Worldwide Incorporated

CONTACT: Tom Kidd, CEO of Greens Worldwide Incorporated,
+1-252-264-2064

Web site: http://www.gotogolfschool.com/
http://www.still-moving.com/
http://www.neprogolftour.com/
http://www.crowleyadvertising.com/
http://www.usprogolftour.com/
http://www.breakthrumedia.com/
http://www.grwwsports.com/

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