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Lyamec Group Buys 3 Million USD of Grifco Common Stock
Mon, 15 Aug 2005, 17:52:00 EDT
LOS ANGELES, Calif. - August 15 (SEND2PRESS NEWSWIRE) -- The Lyamec Corporation (www.lyamec.com), an investment related franchise and merchandising agreement corporation today announced that that it has finalized a 3 Million USD purchase agreement of Grifco (OTC: GFCI / GFCI.pk) common stock at 0.50 cents per share. This board-approved investment is fully supported by the growing demand for Grifco's products and the recent acquisition of Global Oil Tools.
"We are buying into Grifco at this stage because of our unflagging commitment to Grifco," said Lyamec CEO R.G. Raymond in a prepared statement. "We are onboard with Jim Dial for the long term. Undeniably we share the same plans and vision as he does. With the strong demand for Grifco's new products and the overwhelming representation requests from Libya and Qatar, we see great revenue potential in our target market area. Jim Dial and I will be joining our friends, partners, and dignitaries in Libya, Qatar, on a 12 day visit, with additional stops in the United Kingdom, and Italy to lay down points of access for regional distribution management."
Additionally, Grifco's Jim Dial will replace W.J. Barnhill on the "Business & Beyond" segment airing on CNBC Europe, as well as in over 90 countries including South America. "Business & Beyond" has become the first choice for todays most sophisticated CEOs and business managers.
The Lyamec Corporation, a franchise, merchandising and distribution services company, is a subsidiary of The Lyamec Group. The Lyamec Group was established in 1999 to provide vital assistance by laying down unique and fully integrated platforms with cross-border assets and skills to further streamline efficient and effective commercial opportunities and solutions worldwide.
For more information please visit www.lyamec.com
NEWS SOURCE: The Lyamec Corporation
Send2Press® is the originating wire service for this story.
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REFERENCES: Lyamec Group Buys 3 Million USD of Grifco Common Stock, The Lyamec Corporation, Grifco, OTC: GFCI, pink sheets, GFCI.pk, OTCBB, Jim Dial, W.J. Barnhill, Business & Beyond, CNBC Europe, The Lyamec Group, franchise, merchandising and distribution services company, Global Oil Tools, R.G. Raymond, Aug 15, 2005.
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