| Send2Press.com • Today is Friday, May 25, 2012 | A Member of the Neotrope News Network |  |
|
|
NEWS ARCHIVES : U.S. and World News :
Energy, Oil and Gas
News
|
Press Release:
Global Oil Tools Moves on Libya without Grifco International
HOUSTON, TX - June 3 (SEND2PRESS NEWSWIRE) -- With regards to the already expired agreement between Grifco International (OTC Pink Sheets: GFCI), and Global Oil Tools, Inc and further with Grifco's CEO, Jim Dial's oddly timed retraction of compliance with the preset terms of engagement already agreed to with The Lyamec Corporation; Lyamec has now solidified its position with Global Oil Tool's expansion into Libya. The partnership between the Lyamec Corporation and Global Oil Tools on the manufacturing and distribution rights for Africa, the Middle East and Azerbaijan including the 24,000 sq ft. facility staged in Libya, has been fully cleared to move on without any further delay from Grifco. The agreement brings a solid opportunity to access a pool of $400 Million USD annually in oil tool supply orders that the region represents in this partnership. The agreement between Global and Lyamec has now made it next to impossible for Grifco to come back for Global, now or in the future without a heavy premium that would ultimately cost the company and or its investors substantially. In reply to Jim Dial's statement on the furtherance of an acquisition of Global Oil Tools to The Lyamec Corporation, that Grifco will still continue to gather momentum in bringing a buyout of Global until it is successful; a Lyamec spokesman addressed this point in a private conference with its participants by saying, "I am truly amazed that Jim Dial has lost such an opportunity, and what is more plausible, is that he added the weight of millions if not in the tens of millions on the cost to his company to achieve such a goal. It was not a logical decision to anyone here, and would probably and ultimately lead to quite a few upset investors". He went on to add," We are also looking further into legal ramifications by Jim Dial's performance on this issue, going as far back as mid April, 2005 that we are now looking into." The Lyamec Corporation, a merchandising, distribution and franchise firm that has gained strong ground in offering its clients an efficient access point to reach out to multi-billion dollar industries that offer unparallel commercial opportunities. Global Oil Tools one of the most successfully managed and operated firms, in its industry, by 30 year veteran Wilfred James Barnhill, and is equipped with state-of-the-art machinery and technology know how, that produces a complete line of more than 6,000 tools for its clients. The management of Global Oil tools is known and respected throughout the industry with over 150 customers both domestically and internationally. Contact: R G Raymond of The Lyamec Corporation, +1-281-599-8990.
NEWS SOURCE: The Lyamec Corporation
Permalink: http://www.send2press.com/newswire/2005-06-0603-001B.shtml
Send2Press® is the originating wire service for this story. Terms of Use. © The Lyamec Corporation. All trademarks acknowledged.
THE CONTENT OF THE ABOVE PRESS RELEASE WAS PROVIDED BY THE NEWS SOURCE ("The Lyamec Corporation"), WHO IS SOLELY RESPONSIBLE FOR ITS ACCURACY. FOR QUESTIONS ABOUT THIS STORY CONTACT THE NEWS SOURCE AND NOT THIS WEBSITE.
Journalist Resources:
Download original press release as issued including media contact information for The Lyamec Corporation.
Additional News Releases on Similar Topics:
|
JOURNALISTS & WRITERS:
Subscribe to Send2Press® Daily News Summary by E-Mail
Follow Send2Press on Social Sites: 
Additional Press Releases from The Lyamec Corporation :
» Lyamec Group Buys 3 Million USD of Grifco Common Stock » Grifco International Acquires Global Oil Tools and Global Libya Manufacturing Facility Project » 'Business & Beyond' to Feature The Lyamec Corporation - Commercial Activities with Libya » The Lyamec Corporation and Grifco International Make Amends on Global Oil Tools Acquisition » Global Oil Tools Moves on Libya without Grifco International 
|
|||||||||||||||||||||||||
View our news channels by industry topics, by U.S. States, or by selected U.S. Cities:
|
Terms of Use and License
This "article format" version of the issued press release is Copr. © 1983-2012 Neotrope/Send2Press. You may freely link to this article version of the press release or may use the release text as the basis for an original article or news posting. If the content is copied verbatim via a scraping or copy/paste method, the news item must be properly "attributed" to Send2Press® Newswire as the originating wire service for this story (may not be posted on ANY site selling/offering SEO or PR services, newswire services, or adult content!). |
DISCLAIMER: the above press release content is believed accurate but not guaranteed, and is based on business news supplied by the source. The noted source is solely responsible for its accuracy. Financial/Stock news may contain forward looking statements. Neotrope/Send2Press (this website) makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news and profiles are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope® or Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article. All trademarks acknowledged.
REFERENCES: Global Oil Tools Moves on Libya without Grifco International, The Lyamec Corporation, Libya, Global Oil Tools, manufacturing and distribution rights for Africa, GFCI.pk, Azerbaijan, Houston news, Lyamec Group, Grifco International, OTC Pink Sheets: GFCI, R. Raymond, Texas Corporation, Lyamec & Associates, press release, Jun 3, 2005. |
|
THIS PAGE MEDIA READS (by media and public, as of today): 8420 times (1 today, 4 this week, 24 this month, 176 this year)
Site Design and Content is Copr. © 1983 - 2011 Neotrope® - All rights reserved. Send2Press® is a reg. trademark and service mark of NEOTROPE.
Press Release Writing | About Send2Press | Meet Our Staff | Contact Us | Our Services | Help Desk | Legal | Privacy | How-To Articles | RSS Feeds | Journalist Tools | Client eMediaKits | Headline Feeds | Podcast | PR News Channels | Daily News Desk | Success Stories | PRTRax™ Reader Tracking | Targeted News Distribution | Internet Marketing Services | Order PR Services | Terms of Service (TOS)