Ramoil Management, Ltd Retires All Long-Term Debt and Commences With First Revenues
(firmenpresse) - LAS VEGAS, NV -- (Marketwired) -- 10/22/14 -- Ramoil Management, Ltd (PINKSHEETS: RAMO) announced that it has retired all long-term debt, dating back to and including 2008, in the 2nd Quarter and commences with much anticipated revenues in the 3rd Quarter.
As released in the 2nd Quarterly Report, 2014 there was an increase in our issued and outstanding shares. This was due to the retiring of all of our long-term debt and the retaining of some much needed service providers and associations.
Further, as mentioned in the 2nd Quarterly Report, revenues were delayed for Q2 but have begun to be realized, as anticipated, in Q3 and will be noted in the upcoming 3rd Quarterly Report, due out on November 15th, 2014.
Michael Goeree, Ramoil Management's Chairman, President and Chief Executive Officer, said: "Although it has taken a bit longer than anticipated, I am glad to see Ramoil Management's financial structure start to solidify. This is always the first step in realizing corporate opportunities and shareholder value."
Ramoil Management, Ltd. (RAMO) is a development stage company. The Company is an online wholesaler of E-cigarettes containing nutraceutical vapor oils, E-cigarette delivery systems and hydroponic lighting and nutrients. Through its wholly owned subsidiary, RAMO Bio-Med, Inc., it is operating a "Supercritical CO2 Molecular Extraction" system and is planning to build production facilities and research labs, both domestically and internationally, focused on its own proprietary strain of high CBD - extremely low THC Extraction Facilities (Labs and Manufacturing), for the development, production and sales of CBD extractions, concentrates and medicines.
Forward Looking Statements:
This news release contains forward-looking statements made by RAMOIL MANAGEMENT, LTD. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 because it is not registered under either Act.
Company and Investor Relations Contact:
Frank Blainey, Esq
+1-702-381-1961
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Datum: 22.10.2014 - 13:00 Uhr
Sprache: Deutsch
News-ID 346073
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