Grem USA is a development stage company that manufactures high quality electric guitars and intends to capitalize upon the niche market opportunities in the music products industries. The company believes that the design and playability of their guitars is far superior to any guitars currently offered on the market, and plans to be a market leader for quality instruments.
The company has designed six models of electric guitars. All guitars models have been prototyped and built. The company has filled several orders and shipped guitars to select customers and artists. Currently, production methods are being establishing for all models to meet anticipated demands.
Manufacturing Facility
Grem USA’s announced in late April that its 42,000 sq. ft. manufacturing facility, located in Fort Wayne, Indiana, would be fully operational by mid-May 2007. Going forward, Grem USA will be adding an additional 15 to 20 employees, which will enable the company to double their present production level.
Endorsing Artists
Grem USA has entered into Exclusive Endorsement agreements with international recording artists Bill Leverty and Bobby Ferrara. Bill Leverty is the guitarist for Firehouse. Bobby Ferrara is a solo artist.
Negotiations for Company Acquisition Nanogold Corp.
The company is currently exploring several other non-music related projects that should greatly enhance shareholder value.
In early May, Edward Miers, President and CEO, announced that GREM USA has entered into negotiations to acquire Nanogold Corp., a Canadian R&D corporation specializing in Nano Gold Technology. Nanogold Corp. is presently involved in a joint venture with a prominent Chinese University to develop Nano Metal Applications.
Nanogold Corp. is developing chemical processing for the production of Nanoscale Gold Powder. The research team at the Chinese University has several years experience in chemical processing for the production of nanoscale metals and oxide powders. They have successfully produced nanoscale powders of Ag, Ni and numerous oxides such as Fe(2)O3, CuO, ZnFe(2)O4. Based on the investigation of their literature and their research experience, it is possible to make nanoscale gold powder by means of their chemical processing.
Nanogold Corp. believes it will be in position to supply Nano Gold Powder to the emerging Industries utilizing the nano gold in the development of new products.
GREM USA contemplated and compelling objectives with this anticipated acquisition are to work with Nanogold Corp and the prominent Chinese University in the development of Nano Gold Powers utilizing proprietary chemical processes; once fully developed, patent protection will be sought.
The management of both GREM USA and Nanogold Corp., as part of their due diligence process, will be traveling to China in the near future to finalize this joint venture with the Chinese University for this new and innovative technology.
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