DGAP-News: GRIT International Inc.: GRIT INTERNATIONAL ANNOUNCES A JOINT VENTURE AGREEMENT FOR AN 'ALBERTA UTILITIES PROJECT'. ALSO COMPANY TO ATTEND GERMAN EQUITY FORUM NOVEMBER 22nd - 24th IN FRANKFURT
(firmenpresse) - GRIT International Inc. / Key word(s): Joint Venture/Agreement
27.10.2010 15:05
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GRANDE PRAIRIE, AB, Wednesday October 27th, 2010, GRIT International Inc.,
'GRIT' (FRANKFURT: 3GR1) is pleased to announce that it has signed a joint
venture agreement regarding an 'Alberta Utilities Project'. Further details
of this project will be announced later in a timely fashion. Management's
main objectives are to minimize environmental impact, ensure that leading
and innovative technologies are incorporated into this utilities project.
GRIT's subsidiary GRIT-UTILITIES is currently seeking a number of industry
specific registrations before specific details can be disclosed. This
Alberta based project has a potentially long-running return on investment
(ROI). The project synopsis has interested an institutional lender, with
the willingness in arranging syndication to fulfil financing for the entire
project.
GRIT is also pleased to announce that it will be attending the German
Equity Forum from November 22nd to 24th in Frankfurt Germany. The forum is
sponsored by companies such as Ernst and Young, Credit Suisse and Morgan
Stanley. The event will be held at the Congress Center in Frankfurt and is
a joint event of Deutsches Borse and KfW SME Bank. This forum is of
particular interest to companies seeking capital, listed public companies
and investors. The forum has been a twice yearly event since 1996 and GRIT
INTERNATIONAL is looking forward to attending and meeting current and
potential new investors.
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(at)gritintl.com
Contact: GRIT International Inc.,
Investors Relations
Website: www.gritintl.com;
E-mail: grit-admin(at)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(at)gritintl.com
27.10.2010 15:05 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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Datum: 27.10.2010 - 15:05 Uhr
Sprache: Deutsch
News-ID 32423
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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