RiMart Adds Line of CEMEX Products for Its Member and Franchise Stores
31 Marzo 2011 - 6:38PM
Marketwired
RiMart Stores, a Division of Grupo International, Inc. (PINKSHEETS:
GRPI), has executed an agreement with CEMEX, one of the world's
largest cement companies, to add another major product line to its
Franchise and Member Stores.
RiMart has entered into a series of agreements with several
major material producers. The agreements allow RiMart franchise and
Member stores to sell their products at price advantages over the
multitude of independent stores throughout Mexico and Latin
America. RiMart believes that both the added quality and price
advantages will allow them to achieve and maintain a considerable
edge over the competition.
President Ramon Richard stated that the recent agreements with
well-known manufacturers with branded products have also increased
interest for new franchise opportunities and Member Stores.
Richard stated that, "We will exceed the company's financial
goals and will more than double that number of stores by year
end."
RiMart now has 26 stores and will continue to expand its product
lines with major, branded manufacturers. RiMart's success lies in
its ability to offer these branded products to stores that have not
had the opportunity to purchase because of their size and market
share. The stores benefit from the quantity purchases and savings
and can pass those savings on to customers. Member Stores and
franchises also have access to a RiMart Customer Credit Card for
customer purchases.
Grupo International Inc. has complementary businesses including
Mining Sand Concessions, a Cement Block Manufacturing Plant,
Construction, and an in house Preferred Credit Card Division. The
Company has a high degree of integration.
Additional information can be found in the Company's most recent
8k filing and the Company's web site (www.grupointl.com) describing
the business and transaction.
For additional information please contact Investors Relations
listed below:
Safe Harbor: 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: Email:
IR@grupointl.com 702-952-3998
Grafico Azioni GRUPO (CE) (USOTC:GRPI)
Storico
Da Feb 2025 a Mar 2025
Grafico Azioni GRUPO (CE) (USOTC:GRPI)
Storico
Da Mar 2024 a Mar 2025