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Press Releases from The Lyamec Corporation :

Lyamec Group Buys 3 Million USD of Grifco Common Stock

LOS ANGELES, Calif. – August 15 (SEND2PRESS NEWSWIRE) — The Lyamec Corporation, 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) 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.

Grifco International Acquires Global Oil Tools and Global Libya Manufacturing Facility Project

HOUSTON, TX – July 11 (SEND2PRESS NEWSWIRE) — The Lyamec Corporation announced today that Grifco International’s (OTC Pink Sheets: GFCI) acquisition of Global Oil Tools for $4.5 million in cash and stocks has been finalized after intense negotiations involving Global Oil Tools, The Lyamec Corporation and American Finance Corp.

‘Business & Beyond’ to Feature The Lyamec Corporation – Commercial Activities with Libya

HOUSTON, TX – June 10 (SEND2PRESS NEWSWIRE) — The Lyamec Corporation ( announces that Platinum Television Group has selected The Lyamec Corporation for its innovative, educational television series ‘Business and Beyond.’ This segment is tentatively scheduled to air in late 2005 nationally on CNBC as well as internationally on CNBC Europe and regional news networks in many of the top 100 markets nationwide.

The Lyamec Corporation and Grifco International Make Amends on Global Oil Tools Acquisition

HOUSTON, TX – June 9 (SEND2PRESS NEWSWIRE) — The Lyamec Corporation (, an investment related franchise distribution and merchandising agreement corporation, today announced that in an emergency session called by The Lyamec Corporation, Global Oil Tools, and Grifco International (OTC Pink Sheets: GFCI), the Lyamec Corporation agreed to give Grifco International an additional 30 day exclusive option to buy Global Oil Tools. Surprisingly, the terms of the new deal are better than those previously agreed to by Grifco International and Global Oil Tools.

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 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.