Grifco Inc (GFCI)

[10 bagger]

Lit fiber # three

GFCI shareholders.. This is the same group that brought you the release below just 4 months before putting GFCI in the Litfiber shell.. ALL.. management except Jarvis remained as did the lawyer, accountant,,pr guy from chicago,,and louis the secretary.. J. Dial who was the pr for Litfiber became president.. The previous postings show the last PR releases from Litfiber befor it became GFCI.. what happend to the projected $45 to $55 cash flow four months later when it became GFCI and the shares were reversed 1 for 20.. WAKE UP and get the facts right.. As none of Litfiber PR releases can not be verified why believe that with the same control group any thing else is different...hank


LITFIBER Announces $35 Million First Year Revenue Estimate;
Management Details 2004 Outlook

TOMBALL,TX, Apr. 26, 2004 (MARKET WIRE) -- LITFIBER Inc. (OTC: LTBI ), a provider of wireless and IT professional services, estimates it will achieve $35 million in first year revenue.

“IDC estimates the 2003 market for Internet phone calls to be $3.3 billion; the goal for LTBI is to capture approximately 1% of the Internet phone call market in our first year,” said John D. Jarvis, Chairman and CEO of LTBI.

LTBI's 2004 revenue estimate ranges from $35 to $40 million while the Company expects operating cash flow for 2004 will be approximately $45 million to $55 million.

“The dearth of publicly traded Voice over Internet Protocol (VOIP) companies puts LTBI in an enviable position with investors. If you want to participate in the present and future of telecommunication, you need VOIP in your portfolio,” Jarvis stated further. “The statistics suggest VOIP is riding the technology wave and will wipe out the market legacy of the copper based telecoms such as MCI, Sprint and AT&T.

* In an annual report released in January,Telecommunications Industry Association (TIA) projects the total U.S. telecom market to record 6.8 percent growth in 2004 exceeding $1 trillion in revenue by 2007.

* The Association for Local Telecommunications Services recently announced the combined market value of 16 publicly traded CLECs has grown to approximately $4.1 billion, up from $1.25 billion a year ago.

* The market for enterprise VoIP in Europe alone will grow from $133 million in 2003 to $7.1 billion in 2008, according to a report from the Probe Group.

* The market for phone calls over the Internet is expected to rise to $15.1 billion by 2007 from $3.3 billion in 2003, according to technology researcher IDC.

CEO John D. Jarvis offered his perspective on the Company's earnings estimates and business outlook for 2004 by saying, "We are pleased with our preliminary first year estimates. With several acquisitions in progress, Q2 for our company is already exceeding my expectation. We will be able to stress our goal of capturing 1% market share in the third and fourth quarter."

LITFIBER is a full service, engineering based, Fixed Wireless, Web Development and Telecommunications Company. LTBI combines expertise in wireless business communication systems, system integration, computer telephony software deployment, IP telephony, data networking with unparalleled customer service. Founded by John D. Jarvis Jr., LITFIBER built its business first and foremost by providing cutting edge solutions based on real world needs which could only be solved by custom design. Please visit www.LITFIBER.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
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