PENNIES TO DOLLARS

[Ripsip]

GFCI - American Finance Corp. Announces Agreement With Grifco International

NEW YORK and LONDON, June 28 /PRNewswire/ -- The American Finance Corp.
today announced that is has entered into an agreement with Grifco
International (OTC: GFCI) to provide financial and credit advisory assistance
in connection with Grifco's Lyamec facility. The retention of American
Finance Corp. by Grifco International will become effective on June 30th,
2005.
Credit facility and financial processing services to be provided by
American Finance as part of the agreement include access to 40 Million USD in
export facilities including the sale and merger of Global Oil Tools, Inc., as
well as Grifco's Jet motor and nozzle units currently awaiting delivery.
The agreement between American Finance Corp., and Grifco International
further calls for structuring, negotiating and effecting all transactions
pursuant to the terms and conditions set forth in the agreement. Terms
further provide options which include refinancing and/or the extension of
Global Oil Tools Inc.'s current outstanding obligations.
Today's agreement clears the way for distribution in Libya, Egypt,
Algeria, including Gabon, Congo, Cameroon, Tunisia, Equatorial Guinea, the
Democratic Republic of Congo, and Cote d'Ivoire, which is currently in
negotiations with The Lyamec Corporation and Global Oils Tools, Inc.
This release was issued on behalf of the above organization by
Send2Press(TM), a unit of Neotrope(R). http://www.Send2Press.com
SOURCE American Finance Corp.


Contact Information:
Media, C. Anthony Reed of American Finance Corp., [phone]

WebSite:
http://www.Send2Press.com