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RAMOIL MANAGEMENT, LTD. (OTC:RAMO) Groupe Concorde Developments, Inc. Details Romania ALF & Updates Website 06/01 07:30 AM



FORT LAUDERDALE, Fla., June 1, 2011 /PRNewswire/ -- GROUPE CONCORDE DEVELOPMENTS, INC. (GCD), would like to share the development details with its shareholders. The Corporate website, www.envirotechenergy.com has been updated with a new button "ALFs". Please click on the ALFs button on the website to see the PowerPoint Presentation detailing the design, technology and location of the 1st Romanian Assisted Living Facility (ALF) to be developed by Groupe Concorde Developments and Ramoil Management (RAMO:$0.0395,$0.0000,0.00%) .
The Final ALF Details
Total building surface is 257,500 square meters (m2 ) or 2,771,707 ft2
We will charge them EUR 975/m2 for a total of EUR 251,062,500.
We will run about a 35% to 40% Gross Margin on this project.
The surveyors and engineers have just been paid and are scheduled to commence work next Monday, June 6th, 2011.


All projects listed above will be subsidized and supported by both the Romanian Government and European Union (E.U.).
Mr. Alex Taranu, Groupe Concorde Development's President and CEO is quoted as saying, "We are excited to get started. As stated in previous press releases, this is the culmination of years of continued efforts and we are proud to be here and able to share it with our Partners and Shareholders."
Mr. Goeree, Ramoil Management (RAMO:$0.0395,$0.0000,0.00%) 's Chairman and CEO is quoted as saying, "This should bring us into our revenue model within the coming 60 days. All we have hoped for and worked towards as a company and as shareholders will now come to fruition within 2011."
About Groupe Concorde Developments, Inc.
Groupe Concorde Developments, Inc. ("GCD"), of Fort Lauderdale, FL, has been in operation here in America since 2007 and in Europe as Concorde Groupe, GmbH since 2005. GCD has solar energy, wind energy and waste to energy projects already under contract, with Power Purchase Agreements (PPAs) also already negotiated and signed, on Government Projects, backed by the European Union (E.U.) in Romania and Bulgaria. Beyond this, GCD also has an "up to" 250 bed Environmentally Friendly, Green Assisted Living Facility (ALF) already Romanian Government and E.U. approved for development. This Green Friendly ALF concept is also under consideration for implementation in Florida and Arizona as well.
Each of these projects will be substantially underwritten by E.U. subsidies, of which, the granting of these subsidies, so long as all requirements and prerequisites are met, like the purchase of green energy in Europe, under E.U. Law, is a "Matter of Law".
About Ramoil Management, Ltd. (RAMO:$0.0395,$0.0000,0.00%)
About Us Statement: Ramoil Management, Ltd. (RAMO:$0.0395,$0.0000,0.00%) , soon to be Enviro|Tech Capital, Ltd., is a development stage capital company, focusing on green energy projects, asset management and other niche technologies temporarily headquartered in Long Beach, California. Ramoil's present strategy is to identify buy-out and/or merger opportunities in the "Green / Renewable Energy Sector" and "Niche Technologies Sector" which will immediately impact and grow our asset and revenue base. Through our world-wide network of Brokers and Scientists we already have one and possibly more such projects identified and are working through the due diligence process on each of these projects.
Forward Looking Statements
This news release contains forward-looking statements made by RAMOIL MANAGEMENT, LTD. (RAMO:$0.0395,$0.0000,0.00%) in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.
Company and Investor Relations Contact:
Mr. David Reiter at 323-952-3754
[e-mail]
SOURCE Ramoil Management, Ltd. (RAMO:$0.0395,$0.0000,0.00%)