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American Finance Finalizes Agreement on Global Oil Tools' Liabilities
Published: Tue, 01 Nov 2005, 12:01:00 GMT
SAN FRANCISCO, CA (SEND2PRESS NEWSWIRE) -- American Finance Corp. (www.americanfinanceco.com) announces that it has finalized its agreement with Grifco International (Pink Sheets: GFCI) on Global Oil Tools' outstanding liabilities totaling approximately $800,000.00 USD.
Terms of the agreement include the release of Global Oil Tools' assets to Grifco International currently held by two Louisiana banking institutions.
"I have really enjoyed working with Jim Dial and look forward to a long term relationship. The agreement will result in improved financial benefits and positive solutions for Global Oil Tools," said AFC representative Ben Gala, in a prepared statement. "We are extremely bullish on Grifco International and Jim Dial. We believe Jim Dial has a great opportunity to leverage Grifco's model to a new plateau."
American Finance Corp provides support for mergers & acquisitions (M&A), corporate finance, and corporate valuations. AFC products are tailored predominantly on privately held, small to medium-sized businesses, and on transactions ranging in size from $1 million to $130 million over a variety of industrial applications. American Finance Corp. applications create synergies and economies of scale, allowing business to expand operations while simultaneously cutting costs.
Investors can take comfort in the idea that a merger will deliver enhanced market power. AFC conducts focused acquisition research, and offers a complete range of financial wrap-around services vital to successfully guiding transactions from start to close.
More information: www.americanfinanceco.com
REF: OTC Pink Sheets: GFCI / GFCI.pk
NEWS SOURCE: American Finance Corp.
Send2Press® is the originating wire service for this story.
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REFERENCES: American Finance Finalizes Agreement on Global Oil Tools' Liabilities, Global Oil Tools, OTC: GFCI, Grifco, GFCI.pk, pink sheets, Jim Dial, Ben Gala, AFC, American Finance Corp., Nov 1, 2005.
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