J.T. Granatelli Lubricants, Inc. Acquires Second Product Order
16 October 1998
J.T. Granatelli Lubricants, Inc. Acquires Second Product Order From One of South Africa's Largest Distribution and Marketing Groups; Positive Test Marketing Results Boost Product OrderCAMARILLO, Calif., Oct. 16 -- J.T. Granatelli Lubricants, Inc. (OTC Bulletin Board: LUBR) announced today that it has received an additional product order from Tyre Protection Specialists (TPS) of Durbin, South Africa, one of the country's largest distribution and marketing groups. J.T. Granatelli recently pacted with TPS to export its entire product line into South Africa, with the initial emphasis on its SuperSeal tire sealant. In addition to the sealant, the J.T. Granatelli product line includes motor oil, motor vehicle lubricants, car care products and multi-purpose cleaners. TPS had been product testing the J.T. Granatelli line with several major South African firms since August. The latest $20,000 order is the second TPS has placed within two weeks and is five times greater than its initial test marketing purchase. "The tests have been so positive that the acceptance has gone from just a few of the products to the entire line, including J.T. Granatelli's Waterless Car Wash, Multi-Purpose Cleaner & Degreaser, Engine Treatment and Penetrating Lubricant," said Leon Boulle, Managing Director of TPS. "The retailers involved are ordering in much larger quantities than originally anticipated." "As TPS continues its product testing with other firms in South Africa, we anticipate a steady growth in the orders we receive," says Harry Hibler, President of LUBR. J.T. Granatelli is continuing its negotiations for worldwide marketing and distribution of its products and recently confirmed an initial order for Russia through Kaleningrad and Laguna Niguel-based Union Construction Enterprises. J.T. Granatelli Lubricants, Inc. manufactures, markets, sells and distributes its proprietary line of motor oil, general household and motor vehicle lubricants and contiguous products to the global marketplace. J.T. Granatelli Lubricants, Inc. trades publicly under the symbol LUBR on the OTC Bulletin Board. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involves risks and uncertainties, including primary customer order rates, cancellations, late delivery of customer components which cause production delays, dependence upon certain customers, dependencies upon key executives, viability of quarterly results, single operating facility, competition, product liability risk, control by management, limited trading market and volatility of stock prices, foreign currency fluctuation, conflicts of interest, and other risk factors detailed in the Company's applicable SEC filings.