Ramoil Management, Ltd. Announces Name Change and Share Buyback Program as Part of Corporate Restructuring

    LAS VEGAS--Sept. 17, 2001--As part of its corporate restructuring, Ramoil Management, Ltd. (Pink Sheets:RAMO) announced today that its Board of Directors approved a name change to "Jump Automotive Experts, Inc." to better reflect its automotive market focus.
    In addition, the Company announced a "Share Buyback Program" on an all or none basis for 70% of its outstanding common shares at a price of $1.50 per share. All shareholders of record will be notified by mail of the buyback program through the Company's transfer agent. All shares must be tendered to the Company's transfer agent in "certificate form" by no later than 5:00 p.m. (PST) on Nov. 2, 2001 against payment in cash by the Company. Instructions on how to request share certificates and how to have share certificates re-issued in the name of "Jump Automotive Experts, Ltd" can be obtained directly from the Transfer Agent.
    The Company is engaged in the automotive industry specializing in (a) automotive consulting; (b) the integration of "after market" suppliers and service companies; and (c) hosting a proprietary order, supply and inventory control intranet for its affiliates. The Company has a strategic plan to acquire a number of international suppliers and service companies, leaving them intact to operate as wholly owned subsidiaries. Each of these target companies are market share leaders, but are highly undervalued. The Company proposes to acquire these companies using a combination of cash from its debenture program and equity. The Company believes that it will be able to generate additional profits from these companies through a combination of management consultancy, cost cutting and utilizing a propriety intranet supply and inventory control platform. By combining the best of the "old economy" with the best of the new Internet electronic commerce model, the Company believes that it can cut $250 million in operational costs attributable to each targeted company per annum.
    The Company announced that there were approximately 86.4 million shares issued and outstanding on a fully diluted basis. Management controls 40 million shares in the aggregate. The Company currently trades on the "pink sheets" with its shares trading between $0.15 to $0.40 per share. Upon successful completion of the buyback program, approximately 70% of 10.4 million shares identified to date will be returned to the treasury of the Company. The Company believes that most of these shares are currently held in "DTC" form. In the opinion of Management, these shares represent a market underhang that negatively effects the Company's share value. The total buyback expenditure by the Company will be approximately $7.5 million. The share buyback price was determined by Management without regard to current book value and reflects a premium due to the buyback program's "all or nothing" condition precedent.
    The Company recently announced a guaranteed return of principal 10 year debenture program to be issued in Series 1 through 5 with a guaranteed return of principal component. The Company will use part of the proceeds from Series 1 of the debenture offering to fund the buyback program. Further information on the debenture program will be forthcoming following discussions with underwriters. The debenture offering is being made by the Company pursuant to a private placement exemption set-forth in Rule 506 of Regulation D to "accredited" investors. The debenture offering will be Blue Sky qualified in California, Florida, Illinois, New York and Texas. The debentures will have a maturity date of ten years from the date of issuance and will pay a quarterly interest dividend pegged at 3.00 basis points over LIBOR. The principal of the debenture will be guaranteed through the purchase of United States zero coupon bonds and/or guaranteed investment contracts through a third party custodian. The difference between the cost of guarantee component and the face value of the debenture will be available for the targeted acquisitions and general corporate purposes. Further, debenture holders will receive an equity participation in the targeted companies of up to 60% with the Company retaining a 40% equity interest.
    The Company will make no public solicitation in connection with the debenture offering and the information contained herein should not be construed as an offer to sell or solicitation of an offer to buy these securities. The debenture offering is subject to completion or amendment and has not yet become effective. No one is authorized by the Company to provide any information concerning the debenture offering unless and until such time said person is designated as a Selling Agent or Additional Seller. All offers and sales will be made by the Company, its officers and directors and registered broker-dealers who are members of the National Association of Securities Dealers, Inc., or, in the case of foreign broker dealers, are members of their country's requisite regulatory securities agency, authority or commission.
    Chairman and CEO Gary Walters stated that "we looked at our current share price and determined that it was in the best interest of the Company and its shareholders to restructure. We believe that our debenture program will give us the needed capital to complete our acquisitions in the automotive parts and services sectors. The decision to announce the buyback program was made possible because of the debenture program. We are a company with a great game plan, but up until now we didn't have the share price or cash to make the necessary acquisitions we felt necessary.
    "For example, the consolidation in the auto industry that was led by Ford, GM, and Daimler-Benz/Chrysler is now ripe for the next tier of the auto industry consisting of the aftermarket part suppliers and service providers. We believe consolidation of this market sector will be highly profitable for our shareholders. We know that consumers are keeping their cars for a longer period of time and that the number of leased cars returning to the used car market means that parts and service demands have increased proportionately. That is why we have assembled a team of auto experts to advise us. We believe that the major automotive giants will increasingly outsource to companies like ourselves for more of their needs and we intend on going after that business."
    The Company will submit its 8K to the Securities and Exchange Commission via the Edgar system within 48 hours of this news release. All parties interested in the buyback program should contact Ramoil Management, Ltd. at its corporate office headquarters in Las Vegas at 702/696-9579.
    As a result of the above, the company has terminated its agreement with International Monetary Reserve (IMR), which expired September 1.

    Forward Looking Statements

    This News Release contains forwarding looking statements.

    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 Company's 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.