Ramoil Announces Management Team Being Sent to
Australia and New Zealand
LAS VEGAS, June 4 Ramoil Management, LTD. (OTC: RAMO) CEO,
Gary Walters, received word late last night that Ramoil had been selected to
be a top contender for the acquisition of Pacific Automotive, the largest
automotive after market parts chain in Australia and New Zealand. Pacific
Automotive has sales of over eight hundred million dollars (800) with assets
of over two hundred and fifty million dollars (250), with an EBIDA of forty
million one hundred thousand dollars (40.1) projected for this year.
Ramoil has a management team of seven to travel next week to Australia and
New Zealand with the purpose of finalizing the final transactions for the
purchase. The management team also consists of two consultants from Australia
and New Zealand whom have been working with Ramoil management for several
weeks on these negotiations. CEO, Walters, stated that the help these
consultants have brought to the negotiating process have been extremely
important, and that the shareholders of Ramoil owes them a great amount of
gratitude. Ramoil management anticipates that this acquisition will be
finalized prior to the shareholders meeting to be help within the next ninety
days.
Management has agreed to release shares pursuant to an agreement for the
services of business consultants to assist in the proposed opportunities
before the company to date. Said agreement, is a performance based agreement,
and to date all of the representations and warranties outlined in the
agreement have been met. With the exception of two (2) former officers and
directors. Of which, at this time, are non-compliant to other additional
agreements CEO, Gary Walters says.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this
release are forward-looking statements that are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the companies' actual results in future periods to differ
materially from forecasted results. Such risks and uncertainties include, but
are not limited to, market conditions, competitive factors, the ability to
successfully complete additional financings and other risks.