Grem USA (OTCBB: GRUS)
Grem USA — A Manufacturer of One of the Finest American Hand-Crafted Guitars, Is Now Ramping Up Their Production
FORT WAYNE, IN–(MARKET WIRE)–Grem USA (OTC BB:GRUS.OB – News) Edward Miers, President and CEO, announced today that Grem USA’s 42,000 sq. ft. manufacturing facility, located in Fort Wayne, Indiana, will be fully operational by mid-May 2007.
http://www.gremusa.com/News.htm
Going forward, Grem USA will be adding an additional 15 to 20 employees, which will enable the company to double their present production level.
Miers is anticipating that within the next quarter, Grem USA will be in a break even and/or positive cash flow position.
The company is currently exploring several other non-music related projects that should greatly enhance shareholder value.
About Grem USA
Grem USA is a development stage company focusing on design and manufacturing of custom hand-crafted and mass-produced electric guitars.
This press release contains certain “forward-looking” statements as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements which are not historical facts, are forward-looking public statements concerning its expected future operations, performance and other developments. such forward-looking statements are necessarily estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties. there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to the Company’s ability to consummate and complete operations, the Company’s access to future capital, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company’s public announcements. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of any offer to buy securities.
Contact:
FOR FURTHER INFORMATION PLEASE CONTACT:
Grem USA
Edward Miers
260-456-2354
Website: http://www.gremusa.com
Source: Grem USA
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