Grupo International, Inc., Begins Rapid Expansion of Its RiMart Stores
08 Febbraio 2011 - 5:57PM
Marketwired
Grupo International, Inc.'s (PINKSHEETS: GRPI) President Ramon
Richard announced today that Grupo International, Inc., has started
to reserve areas for individuals planning to open RiMart Specialty
Hardware Stores throughout Mexico. The Company has received a
preliminary approval to start selling franchises over the next
sixty days. The Company has indications for 20 locations to become
future franchises by independent owners and operators. Mr. Richard
stated "We have had little or no advertising and have already been
experiencing a high demand for these franchises." The Company is
excited to begin offering this new "one of a kind franchise" in
Mexico. The expected cost of a franchise will be approximately
$100,000.00 in which a special financing guarantee being backed by
a government agency has been proposed. The company expects to open
a minimum of two new stores a month once started.
Additional information found at the company's web site
www.grupointl.com
About Grupo
International, Inc. 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.
"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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