Grem USA (OTCBB: GRUS)
FORT WAYNE, IN–(MARKET WIRE)–May 23, 2007 — GREM USA (OTC BB:GRUS.OB – News) announced today that Michael Sweet of Stryper has signed on to fully endorse and exclusively play GREM Guitars in studio recording sessions and exclusively play GREM Guitars in his 2007-2008 World Tour.
Edward Miers, President of GREM USA, stated, “GREM USA continues to focus on producing guitars that are considered to be instruments worthy of receiving praise on a world class level. GREM has proved that it can produce an instrument in a class above all competing products. The goal now is to ramp up production capacity to meet anticipated demand levels.”
Miers further stated, “We are working with three major distributors in an effort to finalize details under which terms these distributors will be able to carry the full line of GREM guitars. The main current objective is to position the company to keep up with anticipated demand.”
“The company fully anticipates that revenues could approach $4 million in the next 18 months. Our anticipated 36-month projections would place us in the neighborhood of $12 Million in gross revenues. The company is very appreciative of all the shareholders who have been loyal and share the company’s vision of future success,” Miers stated.
“The company will never change direction of focusing on the production of world class guitars. However, company management will enthusiastically review and seek out potential opportunities, which could enhance shareholder value,” Miers stated.
About GREM USA
GREM USA is a development stage company focusing on design and manufacturing of custom hand crafted and mass-produced electric guitars.
This press release contains certain “forward-looking” statements as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements which are not historical facts, are forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties. There can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to the Company’s ability to consummate and complete operations, the Company’s access to future capital, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company’s public announcements. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of any offer to buy securities.
Contact:
FOR FURTHER INFORMATION PLEASE CONTACT:
GREM USA
315 East Wallace St
Fort Wayne, IN 46803
Edward Miers
260-456-2354
Website: http://www.gremusa.com
Source: GREM USA
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