GRIT International Inc. Announcing to Add 1.8 Million Appraised Property Value and 12,000 Sq Ft of Shop Facilities to
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GRANDE PRAIRIE, ALBERTA, Jun 29 (MARKET WIRE) --
GRIT International Inc., ("GRIT") (FRANKFURT: 3GR1) announcing that it
has secured an offered to purchase 5 acres of property with shop
facilities of over 12,000 sq ft. for the sum of 1.8 Million.
Property is located on the northern outskirts of Grande Prairie, AB; it
will provide ample yard space to maneuver large industrial products
requiring any Sandblasting & Painting needs. Broken down into two
sections; a cover-all 4,000 sq foot (temporary building structure)
partially enclosed for sandblasting and a permanent 8,000 sq foot double
ended door entry two (2) full lengthened bays 100 ft long. The bays are
equipped with automated filtered ventilation systems; that control over-
sprays and prevent containments from exhausting out to atmosphere. Should
the need arise for expansion an additional 5,000 sq feet could be added
onto the existing building structure.
GRIT's CEO, Mr. Lawrence Zeiben, has been quoted saying; "This
acquisition brings value to the balance sheet putting GRIT 40% closer to
this yearend's targeted property values".
The company is taking an aggressive approach by increasing its asset
base, to fulfill its projected contractual sales needs.
Through the expansion of GRIT's asset base, stakeholders dually gain
monetary asset worth with a marketable share value. The cyclical efforts
revolve around asset base proportional to sales; with a growth in sales;
an increase in the need of more asset-base would be required; ultimately
providing core value to the company. Through GRIT's intuition, more
contract value will increase the necessities of furthering GRIT's current
expansion plans.
GRIT INTERNATIONAL INC. GRIT International Groups Inc is a Canadian based
company. Its goal is to become one of North America's major Industrially
Specialized Service Providers in the Composite Abrasives Blasting &
Paintings/Coatings Sector; seeking to set service standards in
Craftsmanship and Quality, with service continuity and product guarantees.
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.
Contacts:
GRIT International Inc.
Investors Relations
info@gritgroups.com
www.gritgroups.com
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