Grupo International Receives Over 3 Million Dollars in Contracts for February
24 February 2011 - 11:30PM
Marketwired
Grupo International, Inc. (PINKSHEETS: GRPI) President Ramon
Richard announced today that Grupo International Inc. has announced
that Grupo Ideal, a division of the Grupo Carso Corporation
"GPOVY," has awarded a new Maintenance Contract to Richard and
Lange, a Division of Grupo International. The contract calls for
all the maintenance of the New Corporate Headquarters of Grupo
Ideal, located in the Plaza Carso Tower in Mexico City.
The Grupo International Construction and Maintenance Division
have added over 3 million dollars in contracts in the last 30 days.
Beginning this month, the Company was awarded a 2.5 million dollar
contract for the first phase of construction for the Cicsa Mine
operation in Northern Baja and is expecting additional contracts
from this project.
President Ramon Richard stated that "This second contract for
the Construction and Maintenance Division affirms that the Company
is being recognized by this Country's largest Corporations and
opens the way for Grupo International to receive additional
contracts for both Government and Civil projects in the near
future."
Grupo International operates several Divisions that specialize
in the basic industry products which include the RiMart Specialty
Tool and Franchised Hardware Stores, Mining Sand Concessions, a
Cement Block Manufacturing Plant, Construction, and an in-house
Preferred Credit Card Division. Each operation interacts with each
Division allowing for a competitive working structure. Additional
information can be found in the Company's most recent 8k filing and
the Company's web site (www.grupointl.com) describing the business
and transaction.
For additional information please contact Investors Relations
listed below:
Safe Harbor: The information contained in this press release,
including any "forward looking" statements within the meaning of
section 27A of the securities Act of 1993 and Section 21E of the
Securities Exchange Act of 1934 contained herein, should be
reviewed in conjunction with the Company's Annual Report on Form
10-KSB and other publicly available information regarding the
Company, copies of which are available from the Company upon
request. Such publicly available information sets forth many risks
and uncertainties related to the Company's business and such
statements, including risks and uncertainties related to that are
unpredictable and outside of the influence and/or control of the
Company. In particular, these risks and uncertainties include,
without limitation: that third parties may be successful in
challenging the patent issued; that granted claims may be held
invalid or interpreted differently by a court of law; that other
patents will issue that will block the Company from commercializing
the technology covered by the patents; and that the benefits that
Company believes can be derived from the patented technology will
not be realized due to difficulties encountered in the long and
expensive process of the development of new technologies and the
cost and uncertainty in obtaining regulatory approval for products
based on these technologies. In addition, there are many other
risks and uncertainties inherent in the development of the
Company's products, including the risk of not obtaining regulatory
approval for a variety of reasons and the risk of adverse side
effects in humans. Other risks relating to Company are detailed
from time to time in documents filed by Company with the SEC.
CONTACT: Grupo International Inc. Investors Relations: Email:
IR@grupointl.com 702-952-3998
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