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GREM USA Announces Funds Received to Fuel Operations GREM USA (OTCBB:GRMU) announced today that the Company has received funds from a private investor in which to fuel operations. The funds come to the Company in the form of a loan from a GREM USA private investor. The funding received from the private investor will be utilized to acquire the remaining necessary machines to produce product at a level the Company believes the retailers will demand. Additionally, the Company announced that it has successfully begun production of hard shell guitar cases within the facility. Edward Miers, President/CEO of GREM USA, stated, "With today`s announcement, I believe the Company now has the adequate capital in order to fulfill the order levels that are necessary to do business with the major retail chains. The Company has very big expectations for the upcoming NAMM Show (National Association of Music Merchants) in July of this year and it is with today`s announcement that I believe we are now in a very excellent position to maximize all of the Company`s planning and hard work." 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, the successful integration of acquired companies, 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. This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities. GREM USA, Spencerville Edward Miers, 260-238-2000 |
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| aus der Diskussion: | GREM USA DER GITARRENHERSTELLER AUF HÖHENFULG |
| Autor (Datum des Eintrages): | Stephan0603 (16.10.05 12:46:20) |
| Beitrag: | 4 von 433 (ID:18301589) |
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