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Global Oil Tools Libya to Launch on the Libyan Stock Exchange

Published: Tue, 09 May 2006, 21:32:00 GMT Edited by Carly M. Zander

(WERE IS IMY 2.225 PER SHARE?!)

TRIPOLI, Libya - May 9 (SEND2PRESS NEWSWIRE) -- In its 16th weekly regular meeting held Sunday evening in Tripoli to issue the resolution and the articles of associations of the market, The Secretariat of the General People's Committee has approved a draft resolution to the establishment of Libya's Stock Exchange Market.

In a statement by Interim CEO RG Raymond: "Pursuant to the formal notice issued by the General Peoples Committee for the establishment of the 24,000 sq. ft. manufacturing and distribution facility in Libya, Global Oil Tools Libya is to deploy operational applications with its latest B2B applications in a bid to help newly returned U.S. oil firms expedite reinvigorating their operations in Libya."

The Secretariat's stated that the aim of launching of the Libyan Stock Exchange Market according to its articles of association is to promote the national economy, encourage saving and to create citizen's awareness of investment benefits by directing his savings to profitable economic sectors with greater returns for the individual and the society.

The articles of association states that role of the Libyan Stock Exchange Market in serving the objectives of economic and social development. Adding that the establishment of this market aims at promoting the investor's trust in the national economy through building of cooperative relationships with Arab regional and international stock exchange markets.

Global Oil Tools (OTC Pink Sheets GFCI / gfci.pk) is ISO 9001 and A.P.I. Spec. 14A certified and Quality Assurance Program conforms to all specifications set forth in ISO 9001 (ANSI/ASQC Q91) and A.P.I. Spec. 14A. Global has strict quality control standards, starting with the purchase of raw materials, through the manufacturing process, the inspection process, and the shipping process. Global maintains complete traceability on every product manufactured.

The Lyamec Group (www.lyamec.com) was established in 1999, to fulfill the existing and expanding demand for U.S. made products as outlined by President Clinton in 1999. The Lyamec Group provides vital assistance in laying unique and integrated platforms with cross-border assets to further streamlining efficient and effective opportunities and solutions.


NEWS SOURCE: The Lyamec Group

http://www.send2press.com/newswire/2006-05-0509-004.shtml