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GREM USA Announces Agreement to Purchase New Manufacturing Facility GREM USA (OTCBB:GRMU) announced today that the Company has reached an agreement to purchase a 40,000 square foot manufacturing facility in Fort Wayne, Indiana. An agreement has been reached whereby the Company will purchase the manufacturing facility, the formal details of which are being finalized in a formal purchase agreement expected to be completed in the coming weeks. It is anticipated that GREM will begin transitioning into the new facility during the beginning of 2006. Edward Miers, President/CEO of GREM USA, stated, "GREM intends to lease back the building to the current occupants through the remainder of 2005. This will provide us with the opportunity to continue operating out of our present facility and afford us the time to manage an efficient move into the new building. I believe the new manufacturing facility will provide the company with the additional adequate space to accommodate our transition into a mass-producer of electric and acoustic guitars." Additionally, Mr. Miers stated, "On behalf of the company, I would like to invite any interested parties to visit our current manufacturing facility in Spencerville, Indiana. We will be proud to provide a tour of our current manufacturing operations and we look forward to being able to showcase the new facility in Fort Wayne sometime in the mid part of 2006." The Company presently has five original designs in its line of guitars. The Company`s present guitar line includes the following designs: the "Uppercut", the "GREM Reaper", the "Free Radical", the "FT-101" and the "GREM Standard". Collectors and music enthusiasts interested in purchasing one of the Company`s custom handmade guitars are encouraged to phone the Company directly at 260-238-2000 for more details. About GREM USA GREM USA is a development stage company focusing on design and manufacture of custom handmade and mass-produced electric and acoustic guitars, amplifiers and accessories. For more information, please contact Edward Miers, Chief Executive Officer, phone 260-238-2000. http://www.gremusa.com and additional designs can be viewed on the Greg Reszel website at http://www.gmreszel.com This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company`s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company`s ability to execute its business strategy, the Company`s ability to consummate and complete operations, the Company`s access to future capital, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company`s public announcements. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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| aus der Diskussion: | GREM USA DER GITARRENHERSTELLER AUF HÖHENFULG |
| Autor (Datum des Eintrages): | Stephan0603 (16.10.05 12:45:49) |
| Beitrag: | 3 von 433 (ID:18301586) |
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