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Press Releases from The Lyamec Group :

Grifco International Fields Offers From the United States, the United Kingdom, and Libya

HOUSTON, TX – June 8 (SEND2PRESS NEWSWIRE) — Lyamec Corp announces that it is in agreement with Grifco (OTC: GFCI) in negotiating on several offers made to Grifco International to either merge or to be acquired. Current offers originating from the United Kingdom, the United States and Libya range from GBP 28 Million British Pounds (USD $49 Million equivalent) to GBP 33 Million British Pounds (USD $59 Million equivalent).

Global Oil Tools Libya to Launch on the Libyan Stock Exchange

TRIPOLI, Libya – May 9 (SEND2PRESS NEWSWIRE) — In its 16th weekly regular meeting held Sunday evening in Tripoli to issue the resolution and the articles of associations of the market, The Secretariat of the General People’s Committee has approved a draft resolution to the establishment of Libya’s Stock Exchange Market.

Lyamec to Force Changes at Grifco International

HOUSTON, TX – Mar. 27 (SEND2PRESS NEWSWIRE) — Lyamec Corporation, a merchandising and distribution services firm announced that it has begun a time lined campaign to force and implement executive level changes at Grifco International. Grifco International (OTC: GFCI) recently acquired Global Oil Tools as well as an equity participation of rights on ‘Global Oil Tool Libya,’ a 24,000 sq. ft. manufacturing and distribution facility set for the free trade zone of Misurata, Libya.

U.S. Firms in Support of Libya’s Efforts in Expanding its Petroleum Industry Capacity

HOUSTON, TX – Nov. 7 (SEND2PRESS NEWSWIRE) — PennWell, in agreement with Lyamec, will produce a special publication on the development of the Libyan Oil fields; including the establishing of advanced wire line and oil tool manufacturing capabilities in the region. The publication will provide an in-depth look at the unique focus that Lyamec and its partners are developing to efficiently serve the oil industry and its requirements. The special publication by PennWell(R) will run as a supplemental on the Oil and Gas Journal, Offshore and Oil, and Gas Financial Journal.

Global Oil Tools Qatar Formation Completed

HOUSTON, TX – Oct. 27 (SEND2PRESS NEWSWIRE) — Lyamec completes formation of ‘Global Oil Tools Qatar.’ Under agreement terms with Global Oil Tools (OTC Bulletin Board: GFCI) The Lyamec Group owns manufacturing and distribution rights in The Middle East, Africa, and Azerbaijan.

The Lyamec Corporation Reaches Milestone Expansions in Great Britain, France, Canada, and Libya

HOUSTON, TX — (SEND2PRESS NEWSWIRE) — In a videoconference hosted by American Finance, The Lyamec Corporation ( confirms its board members approval of the 20% sale of its non-public and non-solicited private placement offering to American Finance Corp. The delay in finalizing the overall package under the originally agreed to terms was due to an increase of 4.2 Million USD to the original 3.5 Million, inking a total 7.7 Million USD. The increase was due to the expansion of specific value based marketing and licensing agreements entered by The Lyamec Corporation and for the overall reformulation of expected revenue and cost results based on a multiple price to earnings ratio.