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'GRMU' Moving Really Quick
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[QUOTE]Originally posted by FemoMasterPlus: [QB] Here is the yahoo version of the news, and I also agree with BULListic I like the CEO focus of not worrying about the stock price let us the investors take care of that, overall I like the news. GREM USA Corporate Update Wednesday October 19, 4:05 pm ET SPENCERVILLE, Ind.--(BUSINESS WIRE)--Oct. 19, 2005--GREM USA (OTCBB:GRMU - News) announced today that the Company has completed the design and programming of the Company's CNC router for the FT-101 model and has started production of FT-101 guitar bodies. ADVERTISEMENT Edward Miers, President/CEO of GREM USA, stated, "The Company is now working to complete the CNC design programming for the 'GREM Standard' model and the company intends to have all five models and cases programmed for automated production by year's end. As the Company continues to progress in the setup of automated production, we are also progressing towards the closing of the previously announced agreement to purchase of a 40,000 square foot manufacturing facility in Fort Wayne, Indiana. Attorneys are working to complete the necessary closing documents and we hope to be in the position to close within the coming weeks." "My current primary focus as CEO of GREM USA is to get our Company's automated manufacturing equipment operating and producing guitars. I believe that the downfall of many development stage companies is that their CEO's are overly intent and focused on their company's daily stock price, rather than focusing efforts on the growth and operations of their business," stated Mr. Miers. "It is my firm belief that by focusing our time and efforts on the actual business of manufacturing quality guitars that the Company's stock price will take care of itself." Additionally, Mr. Miers stated, "On behalf of the Company and all fellow shareholders, I would like to invite any interested parties to visit our current manufacturing facility in Spencerville, Indiana. We will be proud to provide a tour of our current manufacturing operations and we look forward to being able to showcase the new facility in Fort Wayne sometime in the mid part of 2006. I look forward to providing additional updates about the Company as material events take place." The Company presently has five original designs in its line of guitars. The Company's present guitar line includes the following designs: the "Uppercut", the "GREM Reaper", the "Free Radical", the "FT-101" and the "GREM Standard". Collectors and music enthusiasts interested in purchasing one of the Company's custom handmade guitars are encouraged to phone the Company directly at 260-238-2000 for more details. [/QB][/QUOTE]
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