Habe mal ein paar Infos zusammengetragen. Liste erhebt keinen Amspruch auf Vollständigkeit. Einiges wurde auch schon gepostet. Am Ende des Postings sind Bilder der Gitarren, die demnächst produziert werden sollen.
Ist ziemlich lang aber vielleicht für den einen oder anderen hilfreich.
11/10/2004 12:21:00 PM Source : Business News Onlypunjab.com
Global Business Markets, Inc. (OTCBB:GBMK) announced today that the Company has signed a term sheet for the Company to enter into a Standby Equity Distribution Agreement ("SEDA") with US-based investment fund in the amount of $3 million. Additionally, the Company signed a term sheet for a secured convertible debenture agreement in order to provide the Company with expedited access to $360,000 of funding.
Under the terms of the SEDA, the investment fund will be committed to provide up to $3 million of funding to be drawn down at the Company`s discretion by the purchase of the Company`s common stock. The Company may request up to $150,000 in any four-day period in exchange for issuing the investment fund shares of common stock. The facility may be used in whole or in part entirely at the Company`s discretion, subject to an effective registration statement.
Edward Miers, President/CEO of Global Business Markets, Inc., stated, "The funding agreement will enable the Company to have access to the capital that it needs to begin executing its business strategy. I am enthusiastic with the funding arrangement as it provides the Company with access to capital in a manner that enables the Company the flexibility to receive funds at the Company`s sole discretion."
Additionally, Mr. Miers stated, "The Company will now begin to undertake the necessary steps to achieve further execution of its business plan. I am also pleased to announce that the Company has initiated the search for adequate facilities in which to begin ramping up larger scale production. It is the Company`s goal to manufacture and produce our product in a larger scale operation sometime during the early part of 2005."
About Global Business Markets, Inc.
Global Business Markets, Inc. 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, 3859 Wekiva Springs Road, Suite 302, Longwood, Florida 32779, phone 260-312-6789. http://www.globalbusinessmarkets.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 timing of the availability of the SEDA, the Company`s ability to execute its business strategy, the actual receipt of funds from the investment fund, 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
November 08, 2004 - GBMK Announces Guitar Delivered to California Band Dishwalla
LONGWOOD, Fla.--(BUSINESS WIRE)--Nov. 8, 2004--Global Business Markets, Inc. (OTCBB:GBMK) today announced that the Company recently delivered a guitar to the rock band Dishwalla. Greg Reszel, the Company`s designer, traveled to Aptos, California to hand deliver the guitar to the band Dishwalla, which was the headlining act for a musical event which raised money to keep music programs in the local school system.
In recognition and admiration of their talents, Mr. Reszel presented to the band, while onstage, a hand built guitar he designed. The model is a prototype design that will be introduced in the near future into the "GREM" guitar line. The design features a single cutaway, one piece chambered Honduras mahogany body with carved, figured maple top, 3 piece goncolo alves/satinwood neck and cochen rosewood fretboard. The guitar is appointed with custom chrome hardware, locking Sperzel tuners and Dimarzio pickups. The band was thrilled with the guitar and hopes to use it on tracks for their upcoming album to be released in February.
Edward Miers, President/CEO of Global Business Markets, Inc., stated, "I am very pleased and enthusiastic that the Company was able to deliver this magnificently crafted guitar to Dishwalla, as well as participating in an event to promote music programs within schools. It is my belief that this design will become one of the Company`s leading products."
About Dishwalla
The Santa Barbara, CA, band Dishwalla made a big splash with their catchy pop single "Counting Blue Cars." http://www.dishwalla.com
About Global Business Markets, Inc.
Global Business Markets, Inc. 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, 3859 Wekiva Springs Road, Suite 302, Longwood, Florida 32779, phone 260-312-6789. http://www.globalbusinessmarkets.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 develop operations, the Company`s ability to consummate and complete joint venture relationships, 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.
25-Apr-2005 - Annual Report
ITEM 6. PLAN OF OPERATION.
This report contains forward-looking statements. Actual results and events could differ materially from those projected, anticipated, or implicit, in the forward-looking statements as a result of the risk factors set forth below and elsewhere in this report.
With the exception of historical matters, the matters discussed herein are forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning anticipated trends in revenues and net income, the date of introduction or completion of our products, projections concerning operations and available cash flow. Our actual results could differ materially from the results discussed in such forward-looking statements primarily as the result of insufficient cash to pursue production and marketing efforts. The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto appearing elsewhere herein.
Overview
We are a Nevada corporation formed on March 26, 1999 under the name Last Company Clothing, Inc. which planned to engage in the business of importing and wholesaling a line of clothing to serve the retail trade known as the action sports or extreme sports industry. After a number of name changes, on December 29, 2004 at our annual meeting of stockholders we approved a change of name from Global Business Markets, Inc. to GREM USA. We are planning to reposition the company as a designer and manufacturer of custom handmade and mass-produced electronic and acoustic guitars, amplifiers, and accessories.
Plan of Operation
We are a development stage company and have had no operating revenues since inception and have financed all of our operations from loans, and sales of capital stock to affiliated parties and private investors. We will continue to sell our capital stock to help us complete the development of our first production models. We will need to engage in additional research and development for the purpose of further refining our instruments and simplifying the manufacturing process. We hope to represent a new development respecting one of the world`s oldest and most popular musical instruments, the guitar.
Satisfaction of our cash obligations for the next 12 months. We plan on satisfying our cash obligations over the next twelve months through additional equity and/or third party financing. Under our current plan of operation we do not have the minimal cash requirement to continue in operation for the next 12 months without additional equity or third party financing. We do not anticipate generating revenues sufficient enough to satisfy our working capital requirements within the next twelve months.
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Going Concern
The financial statements included in this filing have been prepared in conformity with generally accepted accounting principles that contemplate the continuance of the Company as a going concern. The Company`s cash position may be inadequate to pay all of the costs associated with production and marketing. Management intends to use borrowings and security sales to mitigate the effects of its cash position, however no assurance can be given that debt or equity financing, if and when required will be available. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should the Company be unable to continue existence.
Summary of any product research and development that we will perform for the term of our plan of operation. Mr. Reszel has been continually researching and developing our initial prototypes. He will continually develop and fine tune our prototypes to constantly improve the quality and sound of the guitar.
Expected purchase or sale of plant and significant equipment. Mr. Reszel owns all the significant equipment and tools that are used in producing these handmade guitars. We anticipate either signing a lease for this equipment or possibly purchasing the equipment once we are able to generate the cash to do so.
Significant changes in the number of employees. As of December 31, 2004, we had no employees. We are dependent upon Edward Miers our sole officer and director. We will need to hire full time operational staff as our operations commence. We anticipate the need for twenty to thirty employees to be fully operational.
Off-Balance Sheet Arrangements
We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
Liquidity and Capital Resources
As a development stage company, we do not have the cash flow to operate our business. We are dependent on our sole officer and director, Ed Miers, to provide services and cash until we are able to generate revenues. Until such time, we plan to accrue the money expensed by Mr. Miers and will compensate him with either stock or cash when available.
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A critical component of our operating plan impacting our continued existence is the ability to obtain additional capital through additional equity and/or debt financing. We do not anticipate enough positive internal operating cash flow until such time as we can generate substantial revenues, which may take the next few years to fully realize. In the event we cannot obtain the necessary capital to pursue our strategic plan, we may have to cease or significantly curtail our operations. This would materially impact our ability to continue operations.
Our near term cash requirements are anticipated to be offset through the receipt of funds from private placement offerings and loans obtained through private sources. Since inception, we have financed cash flow requirements through debt financing and issuance of common stock for cash and services. As we expand operational activities, we may continue to experience net negative cash flows from operations, pending receipt of servicing or licensing fees, and will be required to obtain additional financing to fund operations through common stock offerings and bank borrowings to the extent necessary to provide working capital.
Over the next twelve months we believe that existing capital and anticipated funds from operations will not be sufficient to sustain operations and planned expansion. Consequently, we will be required to seek additional capital in the future to fund growth and expansion through additional equity or debt financing or credit facilities. No assurance can be made that such financing would be available, and if available it may take either the form of debt or equity. In either case, the financing could have a negative impact on our financial condition and our stockholders.
We anticipate incurring operating losses over the next twelve months. Our lack of operating history makes predictions of future operating results difficult to ascertain. Our prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their early stage of development. Such risks include, but are not limited to, an evolving and unpredictable business model and the management of growth. To address these risks we must, among other things, obtain a customer base, implement and successfully execute our business and marketing strategy, continue to develop and upgrade technology and products, respond to competitive developments, and attract, retain and motivate qualified personnel. There can be no assurance that we will be successful in addressing such risks, and the failure to do so can have a material adverse effect on our business prospects, financial condition and results of operations.
FACTORS THAT MAY AFFECT OUR PLAN OF OPERATION
An investment in our common stock involves a high degree of risk. You should carefully consider the risks described below and the other information in this annual report and any other filings we have made in the past or that we may make with the United States Securities and Exchange Commission in the future before investing in our common stock. If any of the following risks occur, our business, operating results and financial condition could be seriously harmed. The trading price of our common stock could decline due to any of these risks, and you may lose all or part of your investment.
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We have no operating history to use to evaluate our business.
We have no operating history for you to use to evaluate our business. We have devoted almost all of our efforts to the repositioning our company as a designer and manufacturer of custom handmade and mass-produced electronic and acoustic guitars, amplifiers and accessories. We are in an early stage in our development and it is possible that our products may not sell in the volumes or at the prices that we anticipate, if at all. If that occurs, we would receive less than the projected income from sales of its products and our profitability would suffer.
Our future success is dependent on the performance and continued service of Edward Miers, and other potential key employees and our ability to attract and retain skilled personnel.
Our performance and future operating results are substantially dependent on the continued service and performance of Edward Miers, our sole officer and sole director. To the extent that Mr. Miers` services become unavailable, our business and prospects may be adversely affected. Should we not be able to retain Mr. Miers` services, we do not know whether an equally qualified person could be employed to replace Mr. Miers. If we are successful in implementing and developing our business, it will require additional managerial and technical personnel. Competition for highly qualified personnel is intense, and we cannot assure that we can retain our key employees or that it will be able to attract or retain highly qualified technical and managerial personnel in the future. The loss of the services of any of our management or other key employees and the potential inability to attract and retain the necessary technical and managerial personnel could have a material adverse effect on our financial condition, operating results, and cash flows.
Risks Related To Our Financial Condition
We will need additional financing which may not be available and, if available, might only be available on unfavorable terms.
We currently have no operating capital making it necessary for us to raise funds through further equity or debt financings until such time, if ever, as we are able to operate profitably. There is no assurance that we will be able to obtain it on terms beneficial to us, if at all.
We expect a substantial increase in expenses and may not achieve significant profitability, this may cause our stock price to fall.
Because we are in the early stage of development, we expect to continue to incur operating losses and to have a negative cash flow unless and until it is able to generate substantial revenues and reach profitability. We expect that during the next twelve months, as we try to develop and launch our products; our operating expenses will be increasing, especially in the areas of development, sales and marketing and brand promotion. We anticipate that we will have to incur substantial costs and expenses related to:
º hiring additional executive and administrative personnel, and additional product development personnel;
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º continued development of our guitars and the development of proposed accessory products;
º advertising, marketing, and promotional activities.
The extent of our losses in the future will depend on our ability to commence commercial operations and generate revenues on a profitable basis. To do so, we will have to develop and implement successful manufacturing, sales, and marketing programs for our guitars. No assurance can be given that we will be able to achieve this objective or that, if this objective is achieved, that we will ever be profitable. Our ability to achieve sustained profitability will depend on our ability to generate and sustain substantial revenues while maintaining reasonable expense levels. Although we intend to increase our spending on the activities listed above, these efforts may not result in the generation of sufficient revenues. If revenues are not generated, this may have a subsequent impact on our stock price.
We are subject to a working capital deficit, which means that our current assets on December 31, 2004 were not sufficient to satisfy our current liabilities and, therefore, our ability to continue operations is at risk.
We had a working capital deficit for the year ended December 31, 2004, which means that our current liabilities exceeded our current assets on December 31, 2004 by $605,477. As of December 31, 2004, we had zero current assets. Current assets are assets that are expected to be converted to cash within one year. Our working capital deficit means that our current assets on December 31, 2004 were not sufficient to satisfy all of our current liabilities on those dates. If our ongoing operations do not begin to provide sufficient profitability to offset the working capital deficit, we may have to raise capital or debt to fund the deficit or curtail future operations. If we fail to establish profitable operations and continue to incur losses; the price of our common stock could be expected to fall.
We received an opinion from our accountants which raises doubt about our ability to continue as a Going Concern.
Our audited financial statements for the year ended December 31, 2004, which are included in this filing, indicate that there was substantial doubt about our ability to continue as a going concern due to our need to generate cash from operations and obtain additional financing.
Risks Related To Our Common Stock
Our common stock is illiquid and the price of our common stock may be negatively impacted by factors which are unrelated to our operations.
Our common stock currently trades on a limited basis on the OTC Bulletin Board. The market price of our common stock could fluctuate substantially due to a variety of factors, including market perception of our ability to achieve our planned growth, quarterly operating results of other companies, trading volume in our common stock, changes in general conditions in the economy and the financial markets or other developments affecting our competitors or us. In addition, the stock market is subject to extreme price and volume fluctuations. This volatility has had a significant effect on the market price of securities issued by many companies for reasons unrelated to their operating performance and could have the same effect on our common stock.
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Our common shares are currently listed for public trading on the OTC Bulletin Board. The trading price of our common shares has been subject to wide fluctuations. Trading prices of our common shares may fluctuate in response to a number of factors, many of which will be beyond our control. The stock market has generally experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies, especially those with no current business operation. There can be no assurance that trading prices and price earnings ratios previously experienced by our common shares will be matched or maintained. These broad market and industry factors may adversely affect the market price of our common shares, regardless of our operating performance.
In the past, following periods of volatility in the market price of a company`s securities, securities class-action litigation has often been instituted. Such litigation, if initiated, could result in substantial costs for us and a diversion of management`s attention and resources.
A decline in the price of our common stock could affect our ability to raise further working capital and adversely impact our ability to continue our normal operations.
A prolonged decline in the price of our common stock could result in a reduction in the liquidity of our common stock and a reduction in our ability to raise capital. Because our operations have been primarily financed through the sale of equity securities, a decline in the price of our common stock could be especially detrimental to our liquidity and our operations. Such reductions would force us to reallocate funds from other planned uses and would have a significant negative effect on our business plans and operations, including our ability to develop new products and continue our current operations. If our stock price declines, there can be no assurance that we can raise additional capital or generate funds from operations sufficient to meet our obligations. If we are unable to raise sufficient capital in the future, we may not be able to have the resources to continue our normal operations.
Because our common stock is deemed a low-priced Penny stock, an investment in our common stock should be considered high risk and subject to marketability restrictions.
Since our common stock is a penny stock, as defined in Rule 3a51-1 under the Securities Exchange Act, it will be more difficult for investors to liquidate their investment. Until the trading price of the common stock rises above $5.00 per share, if ever, trading in our common stock is subject to the penny stock rules of the Securities Exchange Act specified in rules 15g-1 through 15g-10. Those rules require broker-dealers, before effecting transactions in any penny stock, to:
º Deliver to the customer, and obtain a written receipt for, a disclosure document;
º Disclose certain price information about the stock;
º Disclose the amount of compensation received by the broker-dealer or any associated person of the broker-dealer;
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º Send monthly statements to customers with market and price information about the penny stock; and
º In some circumstances, approve the purchaser`s account under certain standards and deliver written statements to the customer with information specified in the rules.
Consequently, the penny stock rules may restrict the ability or willingness of broker-dealers to sell the common stock and may affect the ability of holders to sell their common stock in the secondary market and the price at which such holders can sell any such securities. These additional procedures could also limit our ability to raise additional capital in the future.
NASD sales practice requirements may also limit a stockholder`s ability to buy and sell our stock.
In addition to the penny stock rules described above, the National Association of Securities Dealers (NASD) has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer`s financial status, tax status, investment objectives and other information. Under interpretations of these rules, the NASD believes that there is a high probability that speculative low priced securities will not be suitable for at least some customers. The NASD requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock and have an adverse effect on the market for our shares.
Our sole director and executive officer, Mr. Edward Miers, beneficially owns a substantial amount of our common stock.
Accordingly, he will be able to exert significant influence over the direction of our affairs and business, including any determination with respect to our acquisition or disposition of assets, future issuances of common stock or other securities, and the election or removal of directors. Such a concentration of ownership may also have the effect of delaying, deferring, or preventing a change in control of the Company or cause the market price of our stock to decline. Notwithstanding the exercise of their fiduciary duties by the directors and executive officers and any duties that such other stockholder may have to us or our other stockholders in general, these persons may have interests different than yours.
May 17, 2005 - 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.
August 16, 2005 04:05 - GREM USA Announces Agreement to Purchase New Manufacturing Facility
SPENCERVILLE, Ind.--(BUSINESS WIRE)--Aug. 16, 2005--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.
October 19, 2005 - GREM USA Corporate Update
SPENCERVILLE, Ind. --(Business Wire)-- Oct. 19, 2005 -- GREM USA (OTCBB:GRMU) announced today that the Company has completed the design and programming of the Company`s CNC router for the FT-101 model and has started production of FT-101 guitar bodies.
Edward Miers, President/CEO of GREM USA, stated, "The Company is now working to complete the CNC design programming for the `GREM Standard` model and the company intends to have all five models and cases programmed for automated production by year`s end. As the Company continues to progress in the setup of automated production, we are also progressing towards the closing of the previously announced agreement to purchase of a 40,000 square foot manufacturing facility in Fort Wayne, Indiana. Attorneys are working to complete the necessary closing documents and we hope to be in the position to close within the coming weeks."
"My current primary focus as CEO of GREM USA is to get our Company`s automated manufacturing equipment operating and producing guitars. I believe that the downfall of many development stage companies is that their CEO`s are overly intent and focused on their company`s daily stock price, rather than focusing efforts on the growth and operations of their business," stated Mr. Miers. "It is my firm belief that by focusing our time and efforts on the actual business of manufacturing quality guitars that the Company`s stock price will take care of itself."
Additionally, Mr. Miers stated, "On behalf of the Company and all fellow shareholders, 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. I look forward to providing additional updates about the Company as material events take place."
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.
BILDER GITARREN
The Grem, ‘Free Radical’ is a double cutaway design with a locking Floyd Rose vibrato bridge. The body is constructed of a solid honduras mahogany back with a carved, book matched purple heart top. The neck is koa with a Brazilian rosewood fret board and pearl dot inlays.
The Grem ‘Reaper’ is a takeoff of a familiar design and is given a wild twist and facelift.
The Grem `Reaper` features a mahogany body with a cherry neck and a purple heart fretboard. The finish is cobalt blue over gold flake and the instrument is carved and embellished to look completely unique. It looks stage ready, plays fabulous and will turn the heads.
The Grem ‘Upper Cut’ is our version of a time proven traditional solid body except this model is acoustically chambered under the maple cap. Neck is 3 piece construction with woods ranging from purple heart, maple and cherry to goncolo alves and satinwood. Fretboards are cochen rosewood, maple, ebony or purple heart. During August of ’04 an Upper Cut was presented to the band Dishwalla as a gift.
the Grem ‘Upper Cut’ is our version of a time proven traditional solid body except this model is acoustically chambered under the maple cap. Neck is 3 piece construction with woods ranging from purple heart, maple and cherry to goncolo alves and satinwood. Fretboards are cochen rosewood, maple, ebony or purple heart. During August of ’04 an Upper Cut was presented to the band Dishwalla as a gift.
The Grem `Free Ranger` (also called the FT-101 by Ed - and no, `FT` does not stand for Fender you-know-what!) is another version of a classic, proven and excellent design except we`ve shrunk the scale to 24.62" - true Les Paul length and added `soapbars` to the middle and neck positions. With the 3 way switch the tonal variation is incredible - from bright twang to dirty P 90 blues - perfect for slide, rock, country or whatever your fingers like - the shorter scale makes for easy vibrato and bends and the mahogany and purple heart hardwoods keep the tone as chimey and clear as any 25 1/2" scale instrument. The body is petite and contoured so it fits you like a glove.
The Grem `Brain Banana` parts with the talents of John Ness are working with GM Reszel and Grem to provide his unique and striking showcase of anodized aluminum guitar parts. Currently John is making parts for familiar production guitars but is working with Reszel & Grem to produce custom, show stopping guitar embellishments.
