Press Release Source: Grifco International, Inc.
Grifco Completes Phase One of 'Global Oil Tools Libya'
Wednesday September 7, 8:00 am ET
HOUSTON, TX--(MARKET WIRE)--Sep 7, 2005 -- Grifco International (Other OTC:GFCI.PK - News) announces it has received final "approved to form 'Global Oil Tools Libya' certification." GFCI now has final approval to export technology, conduct operations, and establish a manufacturing facility in Libya.
ADVERTISEMENT
In a statement by CEO Jim Dial, "Our approved to form package has been authenticated and sealed by the U.S. Department of State (Document 05028356-13). Concurrently, the finalized Global Oil Tools Libya has also been certified by Libya's Foreign Affairs Department in Washington, D.C."
"We are pleased with the expedient processing of the requirements by Lyamec & Associates. We look to immediately move forward on expanding our market reach through Lyamec by reviewing and finalizing applications on Tunis, Qatar, Jabal Ali, and Morocco and to establishing corresponding logistic and point of sale offices in the North African coast," added Dial. "Libya's manufacturing facility is the thread which will weave a framework to build and distribute products throughout the region. Eventually, all of GFCI's technology, including the product lines of Grifco, Global Oil Tools, the Silver Hawg, and Coil Tubing Technology (CTT), makers of the Jet Motor and Jet Nozzle, will be working in the fields throughout Africa and the Middle East."
Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the United States, China, Mexico, South America, the Middle East and Africa. Grifco's patented products are known and used throughout the world. In addition to our patented tools, Grifco holds and owns design rights and manufacturing facilities for producing more than 6000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton, Exxon, and Schlumberger. Please visit www.grifco.org
