Innovative Food Holdings Inc (IVFH)

[BornAgain]

OT: GFCI News after the bell
Monday August 15, 6:54 pm ET


LOS ANGELES, Aug. 15 /PRNewswire-FirstCall/ -- The Lyamec Corporation (www.lyamec.com), an investment related franchise and merchandising agreement corporation today announced that that it has finalized a 3 Million USD purchase agreement of Grifco (Pink Sheets: GFCI - News) common stock at 0.50 cents per share. This board-approved investment is fully supported by the growing demand for Grifco's products and the recent acquisition of Global Oil Tools.
ADVERTISEMENT




"We are buying into Grifco at this stage because of our unflagging commitment to Grifco," said Lyamec CEO R.G. Raymond in a prepared statement. "We are onboard with Jim Dial for the long term. Undeniably we share the same plans and vision as he does. With the strong demand for Grifco's new products and the overwhelming representation requests from Libya and Qatar, we see great revenue potential in our target market area. Jim Dial and I will be joining our friends, partners, and dignitaries in Libya, Qatar, on a 12 day visit, with additional stops in the United Kingdom, and Italy to lay down points of access for regional distribution management."

Additionally, Grifco's Jim Dial will replace W.J. Barnhill on the "Business & Beyond" segment airing on CNBC Europe, as well as in over 90 countries including South America. "Business & Beyond" has become the first choice for todays most sophisticated CEOs and business managers. The Lyamec Corporation, a franchise, merchandising and distribution services company, is a subsidiary of The Lyamec Group. The Lyamec Group was established in 1999 to provide vital assistance by laying down unique and fully integrated platforms with cross-border assets and skills to further streamline efficient and effective commercial opportunities and solutions worldwide.

For more information please visit http://www.lyamec.com

This release was issued on behalf of the above organization by Send2Press(TM), a unit of Neotrope®. http://www.Send2Press.com