GRIT International Inc.
GRIT International Inc.: GRIT INTERNATIONAL INC. – ANNOUNCES LETTER FROM CEO/PRESIDENT ON THE TEXAS PETROLEUM SPIN-OFF AND HIGHLIGHTS THE RECENT STOCK ACTIVITY
GRIT International Inc. / Key word(s): Miscellaneous/Strategic Company Decision 10.01.2011 / 12:36 GRANDE PRAIRIE, AB - Monday - January 10th, 2011 - GRIT INTERNATIONAL (3GR1:F) is pleased to announce President Lawrence Zeiben comments on the past 2010, and offers insight to 2011. 'Firstly I would like to thank all the shareholders who participated in our great opportunity of now being able to accumulate some initial shares in GRIT International's first Subsidiary spin-off company Texas Petroleum. The responses have been favourable, and we welcome the new shareholders to Texas Petroleum. Please note that instructions will be offered mid-month, so as to confirm participants and ensure transfer of the stock can be fulfilled. Again I thank you for your support. The past few months have been none other than hectic, corporate division restructuring: GRIT-MINERALS, GRIT -PETROLEUM, GRIT-UTILITIES AND GRIT DYNAMICS, and initial corporate re-branding, with the revamping of the corporate website. Further on going developments are still being made to the website at this time. Material for the German Equity Forum had been prepared for the trip, where management had the opportunity to meet with investors, shareholders, financial lenders and professionally recognized accounting & legal firms had also made appointments. Pre-arranged meetings were also established whereby management had been introduced to a number of diverse opportunities that would be potential suitors for a number of the GRIT divisions. I would like to personally thank the West African ambassadors' and delegates who made the dedicated trip into Germany to meet with management and myself; I am confident that we can pursue further potential joint venture opportunities in the not so distance future. As GRIT Management, we look forward to meeting (soon) and developing upon the opportunities that we had discussed when we last met. Due to managements stay in German, and the holiday season upon us, management had decided to address the telephone conference calls to be every two months verses every month. We will resume telephone conference calls to start January 14th, 2011; the official date and time will be posted this week. Further administrative duties required immediate attention, so as to ensure the movement of GRIT's Subsidiary Spin-Off Texas Petroleum, and the Entry Standard listing whereby it could be perceived to finally be up and running within weeks, we could get confirmation on such sometime this month. We had informed our listeners that GRIT would be announcing who the auditor, merger & acquisition and legal firm maybe for GRIT. Currently weather issues (in Europe) had delayed some administrative projects and have delayed such announcement until we can follow up with a review of such engagements. There have been some unforeseeable delays, and a struggle working through the holiday season, adding to the chaotic weather issues, feedback has been trying at times. This past week has been in efforts to reconnect, prioritize and inform our followers, simply open up the channels of communication. Communication issues such as the settling stock price, a number one (1) shareholder concern. I agree that no CEO is ever satisfied with their stock price, but it is clearly a lack of communication to you our readers. Immediate efforts are being implemented for this week that the company will assure corporate news updates every Wednesday of the week. An events calendar will also be made public, so that corporate initiatives can be monitored and feedback from the company can be shared. Plainly we need to communicate better, that will better reflect our objectives in the market, giving a better understand of the company's determined drive to succeed. For the past year 2010, the company has aggressively pursued targets of interest for GRIT and its subsidiaries. Management has developed a resourceful network of team players that will definitely be shared with, in this coming year. We still have a couple of active Letters of Intents still in play, and have developed some key institutional and funding interests for the company. Our aggressively projected forecast can still be attained. Management has been directed to target an acquisition for each GRIT-DIVISION. With the company's resources (people), funding sources being made available closure will be eminent. We have been laying the groundwork for an explosive start in 2011, achieving a number of acquisitions in the past, with the subsidiary Texas Petroleum spin-out. In order to build a strong, diverse, synergistic corporation it takes a great deal of pre-planning, due diligences and the development of a great team of people dedicated to the successful outcome of the company's Mission. The major contributing factor to the successful outcome of a business are from the people that operate within it; and for this I am very proud of the people committed to the success of GRIT's Mission. Management can now rely on industry leading experts that bring with them an integral wealth of knowledge and experience that which GRIT can heavily be relied upon in achieving future success. In closing I thank everyone involved in GRIT's current and future prosperity, together as a team we are destine to achieve our mission: To become a leading multi-billion dollar Industrial Resources Conglomerate.' Sincerely, GRIT International Inc., President/CEO - Lawrence Zeiben ABOUT GRIT INTERNATIONAL INC GRIT International is a Canadian based company registered in the State of Nevada, US. Diversified investment and management company specializing in industrial resources. Interests include precious metals and energy, environmental technologies and industrial manufacturing. Seeking out Environmentally Sustainable solutions in nuclear energy, renewable resources in bio-waste and other alternative fuels available at present time. Expansion of the divisions will position GRIT as a Global services provider. For more information please visit the company's website at www.gritintl.com TEXAS PETROLEUM INC. GRIT's first subsidiary spin-off company which is domestically and internationally focusing on the acquisition(s) of producing Oil & Gas Fields, with proven barrels in reserves as a fundamental criteria. Domestically the company will focus on Texas Oil Reserves, noting the areas such as East Texas Oil Fields which have produced 5.2 billion barrels of oil since its discovery. Internationally focus will be in the emerging markets with particular attention being addressed to the networking connection of Ariva Resources, in the Western African Regions. Texas Petroleum foresees a tremendous growth opportunity into these areas and will become a major supplier of petroleum products. Safe Harbor Statement; under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. ### Contact: GRIT International Inc., Investor Relations Website: www.gritintl.com; E-mail: grit-admin@gritintl.com P : +1.780.513.1125 F : +1.780.814.5584 A : Suite 201, 9914 - 109th Avenue, Grande Prairie, AB, T8V 1R7 Investor Relations - German Mr. James Stewart P: +49.2161 49694870 E: jstewart@gritintl.com End of Corporate News --------------------------------------------------------------------- 10.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 108499 10.01.2011
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