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Global Oil Tools Qatar Formation Completed
In a prepared statement by Lyamec interim CEO R.G. Raymond: "We are bringing positive commercial applications for the Global/Grifco 'brand' and the recognition it deserves in the region. We are moving expeditiously to finalize the organization's process to prepare Grifco's facilities to access the orders and revenues we are in agreement on. Additionally, we are in final stages of adding more than 13,000 fishing tool product line to 'Global Oil Tools Libya' venture. Concurrently we would allow and provide for Grifco International in adding these products to its current lines under a joint 'right of manufacturing' agreement." About The Lyamec Group The Lyamec Group (www.lyamec.com) was established in 1999 to fulfill the existing and expanding demand for U.S. made products for specific Libyan market segments as outlined by President Clinton on April 28, 1999. The Lyamec Group provides vital assistance in laying unique and integrated platforms with cross-border assets to further streamlining efficient and effective opportunities and solutions. Ref: Ticker OTC:BB GFCI / Pink Sheets GFCI.pk
NEWS SOURCE: The Lyamec Group
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The Lyamec Group : » Grifco International Fields Offers From the United States, the United Kingdom, and Libya » Global Oil Tools Libya to Launch on the Libyan Stock Exchange » Lyamec to Force Changes at Grifco International » U.S. Firms in Support of Libya's Efforts in Expanding its Petroleum Industry Capacity » Global Oil Tools Qatar Formation Completed
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REFERENCES: Global Oil Tools Qatar Formation Completed, The Lyamec Group, Global Oil Tools Qatar, OTC:BB GFCI, Pink Sheets GFCI.pk, R.G. Raymond, Global/Grifco, Grifco Internationalm, Global Oil Tools Libya, press release, Oct 27, 2005. |
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