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Friday, December 08, 2006 3:09:59 PM
<<HOUSTON, Dec 19, 2005 (BUSINESS WIRE) -- Grifco International, Inc (Pink Sheets:GFCI) and its board of directors have decided to embark on an aggressive initiative to create higher stock price for SHAREholders. The Board has approved up to 20,000,000 SHAREs. Grifco has committed to buying an initial 1,000,000 (One Million) SHAREs GFCI in the open market. This program will be effective immediately and will continue until the price of our stock, in management' opinion, reflects its true value based on a price to earnings ratio that would be normal and fair to our industry.>>
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