Greens Worldwide Incorporated (OTC BB: GRWW) Closes $2 million In New Financing With Accredited Investors - Receives First Payment of $1 Million

Greens Worldwide Incorporated ("GRWW") announced today that it had received a total of $1,000,000 from four accredited investors and will also receive two additional amounts totaling $1 million, in a $500,000 payment upon the filing of a registration statement with the Securities and Exchange Commission and an additional $500,000 upon the registration statement being declared effective by the Securities and Exchange Commission.

Hertford, NC (PRWEB) October 1, 2005 -- Greens Worldwide Incorporated ("GRWW") announced today that it had received a total of $1,000,000 from four accredited investors and will also receive two additional amounts totaling $1 million, in a $500,000 payment upon the filing of a registration statement with the Securities and Exchange Commission and an additional $500,000 upon the registration statement being declared effective by the Securities and Exchange Commission.

"This funding provides GRWW with the resources to execute its business plan and develop the US Pro Golf Tour, Inc., a subsidiary of GRWW. Company Management is also evaluating other franchises throughout the sporting world, which will fit under the umbrella of attempting to develop GRWW into a leading provider of sports entertainment. GRWW will continue our efforts to acquire 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 US Pro Golf Tour, Inc.

The US Pro Golf Tour, a wholly owned subsidiary of GWI, is the country's premier intermediary professional golf tour conducting tour caliber events for former PGA Tour professionals preparing for the Champions Tour, non-exempt professionals on the Champions Tour, and celebrity challengers and professionals 18 years old and up preparing for the big tour. The US Pro Golf Tour also conducts a Pro Net competition for players of all skill levels 18 years of age and older who will compete for substantial prize money with their handicaps in the Tour event atmosphere of Tour events. US Pro Golf Tour tournaments are week-long events with Junior Clinics, pro-ams, entertainment, leader boards and hospitality, with local market charities benefiting from the event. Events are televised on The Golf Channel through the Tours show, "54 Holes to Sunday." The US Pro Golf Tour has all the amenities of the PGA Tour, including electronic leader boards, official scoreboard, real-time scoring, hospitality center, gallery and national television coverage on The Golf Channel. Golfers who wish to compete in US Pro Golf Tour events must first complete a membership form for member status in either the Pro Net or Pro Championship Division by visiting the tour's web site, www.usprogolftour.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

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