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Lyamec Group Tops Libyan Analyst Expectations
WASHINGTON D.C. and TRIPOLI, Libya - July 20, 2004 /Send2Press Newswire/ -- On a conference
call with Libyan analysts to discuss the latest business report and outlook, financial advisor
Tom Jones (American Finance) said that analysts' current estimates for 2004-2005 earnings are
"Spending continues to improve, though not uniformly across all segments and regions," the
financial advisor said, "further US firms approaching business activities in Libya have been
disrupted by both unqualified individuals and individuals whom have a different purpose other
than that will ultimately benefit the Private & Public sectors."
He went on to add, "If you want to do successful business in Libya, you must as in any global
market study, analyze, and put forward a long term business plan and strategy, and not a 'hit
and run' plan. Our opinion is, 'if there is a thing such as US firms or other 'constituents'
whom are having difficulties in Libya then they are not being properly represented, no more no
Further, with the success of the 3-part series on Libya facilitated by The Lyamec Group, its
spokesman in Tripoli, said, "We will not promote trade show exhibitions and conferences just
for the purpose of collecting profits from participants. Individuals, firms and organizations
out there who are promoting these gatherings -- without truly studying the market and the
consumer -- are clearly causing more harm to the economic recovery by disappointing the
participants who probably will never come back. Those firms who just sign on should be well
served to 'go to Las Vegas' than come to Libya."
The Lyamec Group 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. Corporate & Private clients benefit from a myriad of angles relating to business laws and
regulations, communication, concept development, contract negotiations, distribution,
marketing, sourcing, strategy, and total project management.
Source of News:
Lyamec Group / US-Libyan Business Council
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