GRIT International Inc. / Key word(s): Miscellaneous
23.02.2011 / 15:55
PRESS RELEASE
GRIT INTERNATIONAL INC. – ANNOUNCES ENGAGES CONSULTING TEAMS
GRANDE PRAIRIE, AB – Wednesday, February 23rd, 2011 – GRIT INTERNATIONAL (3GR1:F) announced that the company has engaged several market leading consulting teams to assist the company in its goal of returning value to current and future shareholders.
The teams will assist the company in key areas such as market awareness, acquisition and expansion strategies and advisory services. Several members of the consultant teams assisted GRIT during its successful spin-off of Texas Petroleum Inc. (6TP.F), www.texas-petroleum.com.
Lawrence Zeiben, Chairman and CEO of GRIT International Inc. stated, 'Our goal is to build GRIT into a billion dollar international conglomerate focused on the key areas of precious metals, oil & gas, and clean energy. The team of consultants we now have in place are committed to GRIT reach that goal. In my opinion, GRIT is poised for impressive growth in the coming months.'
GRIT expects the combination of its successful spin-off strategy, combined with the efforts of these consulting teams will be viewed positively by the market.
ABOUT GRIT INTERNATIONAL INC.
GRIT International is a Canadian based company registered in the State of Nevada, US. The company is a diversified industrial services company offering support services, utilities, oil & gas, clean energy and mineral holdings. The businesses that make up GRIT International work together to provide stable revenues from the energy and mining industry. GRIT also seeks out environmentally sustainable solutions in nuclear energy, renewable resources and other alternative fuels and energy sources. GRIT's objective is to expand each division to global service providers.
ABOUT TEXAS PETROLEUM INC.
As GRIT International's first spin-off company, Texas Petroleum (www.texas-petroleum.com) is domestically and internationally focused on the acquisitions of producing oil & gas fields. The primary criteria for a property being targeted by Texas Petroleum is proven barrels in reserves that can profitably be brought to market. In North America the company will focus on Texas and Oklahoma oil reserves, noting these areas have produced 5.2 billion barrels of oil since discovery. International focus will be on emerging markets with particular attention being paid to the networking connections of Ariva Resources. Texas Petroleum foresees tremendous growth opportunities in these areas and plans to become a major supplier of petroleum products.
Contact: GRIT International Inc.,
Investor Relations
Website: www.gritintl.com;
E-mail: grit-admin@gritintl.com
P : 780.513.1125
F : 780.814.5584
A : Suite 201, 9914 – 109th Avenue, Grande Prairie, AB, T8V 1R7
Investor Relations – German
Mr. James Stewart
P: +49 (0) 2161 49694870
E: jstewart@gritintl.com
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.