Industry News

GRIT International Groups Inc. Is Pleased to Announce It Has Signed a Letter of Intent (LOI) Negotiating to Acquire an Edmonton, Canada-Based Sandblasting & Painting Company

Published on 2007-09-13. Author : SpecialChem

GRANDE PRAIRIE, AB -- GRIT International Groups Inc. ("GRIT") is pleased to announce that it has signed a Letter of Intent to acquire a locally owned, related industry sector, Sandblasting & Painting Company, in Edmonton, Alberta, Canada. This LOI has fundamentally been agreed upon and signed by both groups. GRIT will log this noteworthy event as the catalysis compelling management in acting upon corporate growth strategy plans.

According to Lawrence Zeiben, President of GRIT, "This is more than a significant acquisition for GRIT; Location, Location, Location, it is stepping onto the cusp of notoriety and prosperity." This acquisition will only complement GRIT's overall growth strategies, and compel it into moving forward as a consolidator from within this cluster. With the region's booming economy collaborating efforts will ensure a long-term economical future ahead.

Edmonton, Alberta, Canada

The Edmonton region boasts to be the fastest growing economy in Canada, fueled by Alberta's massive oilsands projects. "Mega Projects Offering Mega Opportunities." $Billions of Work Over the next Decade; with manufacturing being linked closely with Northern Alberta's oilsands; projects valued at more than $81 billion. Energy giants including Albian Sands Energy, BA Energy, Canadian Natural Resources, Suncor, Syncrude, ExxonMobil Canada, Husky Energy, Imperial Oil and Petro Canada all have mega projects coming on stream over the next decade. Metal manufacturing success companies are SPAR Aerospace, AltaSteel, Waiward Steel Fabricators, Almac Machine Works, Wilkinson Steel and Metals, Flexxaire Manufacturing, Industrial Machinery Attachment Company, IPEX, LRI Oil Tools.


GRIT International Groups Inc is a Canada-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 Harbor 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.

Source: GRIT International Groups Inc.

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