RiMart Stores Signs Agreement With Sherwin Williams Paint
March 03 2011 - 10:30AM
Marketwired
Grupo International, Inc. (PINKSHEETS: GRPI) President Ramon
Richard announced that its RiMart Hardware and Specialty Store's
division has entered into an agreement with Sherwin Williams Paint
to sell their paint products through its RiMart Stores to take
advantage of the increasing home improvement and new housing demand
throughout Mexico.
In addition to Company's stores bearing the RiMart name, Grupo
has created a rapidly growing franchise division. RiMart Stores are
considered to be one of Mexico's first franchise opportunities of
this type.
With its low entry cost of approximately $100,000 (of which 50%
is eligible for government financing) these new franchises offer a
new exciting opportunity for those wishing to start a small
business. RiMart stores offer the franchisees a variety of products
used everyday for construction, maintenance, as well as providing
retail items that homeowners use every day. RiMart Stores is one of
the first companies to offer an "in house credit" enabling sales
for all of its consumer levels. It is Grupo International's goal to
offer quality merchandise throughout these franchises and plans to
aggressively enter the market place offering a package of quality
products, in house financing, and the ability to attract commercial
sales using the RiMart's products lines.
By offering Sherwin Williams paint throughout the RiMart Stores,
the Company has once again demonstrated its commitment to quality
throughout its new franchise network.
In addition to the rapid growth of the RiMart franchises, Grupo
International, Inc. owns and operates other divisions that are both
complementary and significant in their own right. These include the
Sand Extraction Concessions, a Cement Block Manufacturing facility,
Construction, and a RiMart Credit Card Division that provides
consumers long term financing for more costly projects. The RiMart
franchises have a distinct advantage in that the franchisee has the
ability to increase its sales volume by accessing and offering the
commercial products offered by the Grupo International parent
company.
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 Investor 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. Investor Relations: Email:
IR@grupointl.com 702-952-3998
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