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GREM USA Announces Funds Received to Fuel Operations

SPENCERVILLE, Ind.--(BUSINESS WIRE)--May 17, 2005--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.
 
aus der Diskussion: GREM USA DER GITARRENHERSTELLER AUF HÖHENFULG
Autor (Datum des Eintrages): Stephan0603  (16.10.05 21:34:35)
Beitrag: 49 von 433 (ID:18304635)
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