Grupo International Inc. Starts Engineering Work on Cicsa Gold Mine
02 Febbraio 2011 - 4:20PM
Marketwired
Grupo International, Inc. (PINKSHEETS: GRPI) has begun engineering
and construction work on a large mining project owned by Cicsa S.A.
de C.V., a division of Grupo Carso, one of the largest and oldest
companies in Mexico. The Project is part of a 30 million dollar
mining project located in upper Baja, California. Ramon Richard,
President of Grupo International Inc., announced that engineering
and construction work will be completed Richard Y Lange S. A. De
C.V. This first stage of this contract is estimated to be worth
$2,500,000 USD in additional gross revenues and will be reflected
in the 3rd Quarter 2011.
Grupo International Inc. recently entered into a binding
acquisition of 80% of Richard Y Lange S. A. De C.V. This
acquisition begins the company's desire to expand its international
presence in the fast growing area of Latin America.
Grupo International Inc. operates businesses throughout Baja,
California. The businesses include our franchised hardware stores,
RiMart Specialty Tool, others are mining sand concessions, a cement
block manufacturing plant, construction, and an in house preferred
credit card division. Each operation acts as a vertical integration
allowing for a competitive working structure.
Additional information found at the company's web site
www.grupointl.com
"Safe Harbor Statement" The information
contained in this press release, including any "forward-looking"
statements within the meaning of section 27A of the securities Act
of 1993 and Section 21E of the Securities Exchange Act of 1934
contained herein, should be reviewed in conjunction with the
Company's Annual Report on Form 10-KSB and other publicly available
information regarding the Company, copies of which are available
from the Company upon request. Such publicly available information
sets forth many risks and uncertainties related to the Company's
business and such statements, including risks and uncertainties
related to that are unpredictable and outside of the influence
and/or control of the Company. In particular, these risks and
uncertainties include, without limitation: that third parties may
be successful in challenging the patent issued; that granted claims
may be held invalid or interpreted differently by a court of law;
that other patents will issue that will block the Company from
commercializing the technology covered by the patents; and that the
benefits that Company believes can be derived from the patented
technology will not be realized due to difficulties encountered in
the long and expensive process of the development of new
technologies and the cost and uncertainty in obtaining regulatory
approval for products based on these technologies. In addition,
there are many other risks and uncertainties inherent in the
development of the Company's products, including the risk of not
obtaining regulatory approval for a variety of reasons and the risk
of adverse side effects in humans. Other risks relating to Company
are detailed from time to time in documents filed by Company with
the SEC.
Contact: Grupo International Inc. Investors Relations:
702-952-3998 IR@grupointl.com
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