FORT LAUDERDALE, Fla., Aug. 31, 2011 /PRNewswire via COMTEX/ -- Ramoil Management, Ltd. (OTC: RAMO) issues the following letter to shareholders:
Dear Shareholders,
I understand that it has been quite some time since our last corporate communication or press release and for this I do apologize. Our commitment to our planned and stated Business Plan/Model has not waivered and all aspects of our business that was previously announced is still in full force and developing nicely, thanks to the direct help and support of Alex Taranu.
The reason for the silence is quite simple. I have had some sudden and serious medical issues which required my immediate and undivided attention, along with some required recovery time. I am now fully recovered and ready to move Ramoil forward as always promised.
To this end, we will continue with the name change immediately and still would like to be fully reporting by January 1st, 2012. Other changes in the coming quarter will be a more active and direct operational and management roll by Alex Taranu and a closer relationship with Groupe Concorde Developments (GCD).
I would like to thank all the shareholders for their patience and understanding over the past few months.
Now it is time to get back to work and complete our Business Plan.
I would like to wish everyone a wonderful and safe Labor Day Weekend and expect that September will be a month of transitions, changes and a refocus on the task at hand.
Kind regards,
/s/ Michael J. GoereeChairman & CEO
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