GRIT International Inc.
GRIT International Inc.: GRIT INTERNATIONAL LISTS ON STUTTGART STOCK EXCHANGE
GRIT International Inc. / Key word(s): Strategic Company Decision/Letter of Intent 21.10.2010 10:10 --------------------------------------------------------------------------- GRANDE PRAIRIE, AB, Thursday October 21st, 2010: GRIT International Inc., 'GRIT' (FRANKFURT: 3GR1) announces that it has now listed also on the Stuttgart Stock Exchange (symbol 3GR1.SG). The Stuttgart Stock Exchange (www.boerse-stuttgart.de) is the second largest exchange in Germany; Stuttgart itself is home to corporations like Daimler AG and Porsche AG. The Company is very excited and GRIT looks forward to much success also on this new regional exchange. Furthermore GRIT would like to provide an additional update regarding its Wednesday October 20th, 2010 press release in which the Company announced the launching and going public of its oil and gas subsidiary, TEXAS PETROLEUM. Management is pleased to confirm that all founding shareholders owning a minimum of the 70 million shares that are now under lock-up through agreement (as recently announced), have strategically decided not to be participating in the share purchase of TEXAS PETROLEUM stock currently offered to all GRIT shareholders at EUR0.01 per new share, which subsequently enables GRIT to maintain the vast majority ownership of TEXAS PETROLEUM. 'This important decision of the founding shareholders serves two very decisive purposes, on the one hand GRIT keeps an extremely valuable and extraordinary strong position in its oil and gas subsidiary, TEXAS PETROLEUM, and on the other hand all retail investors and free float shareholders of GRIT will be granted the unique opportunity to participate in the going public of TEXAS PETROLEUM at a lucrative price of only EUR0.01 per share,' explained Lawrence Zeiben, GRIT's CEO. GRIT INTERNATIONAL INC. GRIT International is a Canadian based company, registered in the State of Nevada; its goal is to become the leader of paint and coatings products in North America. GRIT is already a specialized service provider of composite abrasives, blasting, paintings and coatings. It is developing additional interests and assets in minerals, oil and gas, utilities and engineering. Safe Harbour 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., Investors Relations. Website: www.gritintl.com; E-mail: grit-admin@gritintl.com. Contact: GRIT International Inc., Investors 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: 0 2161 49694870 E: jstewart@gritintl.com 21.10.2010 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 ---------------------------------------------------------------------------
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