GRMU News GREM USA Launches Redesigned Website; To Offer Onl... Wednesday, June 25, 2008 2:13 PM
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News for 'GRMU' - (GREM USA Launches Redesigned Website; To Offer Online Ordering)
FORT WAYNE, IN, Jun 25, 2008 (MARKET WIRE via COMTEX) -- GREM USA (OTCBB: GRMU) ("GREM," "the Company"), an emerging leader in the design and manufacturing of custom hand-crafted and electric guitars, today announced that the redesigned GREM USA website is now available at http://www.gremusa.com.
The redesigned site, geared to modernize and enhance GREM's e-commerce capabilities, should ultimately provide GREM's customers an easier avenue to locate guitars available for sale, purchase guitars directly from their browser, and enhance the overall customer experience. The site was designed with free and open-source software, which minimized the Company's cost in upgrading the previous GREM site.
GREM USA President Edward Miers commented, "We're not reinventing the wheel by any means. We'd be the first to admit that we had an aging, static website that wasn't very representative of the cutting-edge instruments we build. Our new site will help us better convert 'window shopper' traffic to sales traffic, improve our public image with our peers, and reinforce our commitment to our shareholders that regardless of our market capitalization or share price, we're always looking for ways to improve how we do things."
Over the next few weeks, the website will be further expanded to include additional interactive resources including forums, polls, FAQs, and even an electronic coupon/discount system to afford shareholders special pricing on our latest designs.
Miers continued, "It's an exciting time for our company. We're moving forward with measured optimism that our recently announced merger aspirations are going to provide a remarkable change of direction for our Company and its shareholders. Like any small Company, we've struggled with managing our debt and providing enough capital to give our guitars a fighting chance in a competitive market. Ironically, our debt is one of the most attractive aspects of our potential transaction -- capable of providing a merger partner virtually tax-free income for a sizeable portion of their yearly sales."
The Company has been approached by a second manufacturer interested in a similar transaction to that being contemplated between GREM and the top-tier guitar maker originally disclosed. While management remains focused and dedicated towards consummating an initial letter of intent with the original merger candidate, GREM is committed to providing its shareholders the best possible value for their investments and will thoroughly research the latest opportunities presented to the Company. Management believes that the emergence of a second merger candidate greatly increases the likelihood of an executed letter of intent in the foreseeable future.
Miers concluded, "Regardless of the end result of these discussions, we're going to continue to put our best foot forward, advance our company to the best of our ability, and increase shareholder value in whatever areas we can. We hold no illusions that a cleaner website materially alters the course of our business, but it's a terrific improvement and a project we hope will only get better over time."
About GREM USA
GREM USA is a publicly traded company focusing on design and manufacturing of custom hand-crafted and electric guitars. For more information, visit our website at http://gremusa.com/.
This press release contains certain "forward-looking" statements as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements which are not historical facts, are forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties. There can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to the Company's ability to consummate and complete operations, the Company's access to future capital, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company's public announcements. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of any offer to buy securities.
Contact:
GREM USA
Edward Miers
260-456-2354
SOURCE: GREM USA
Copyright 2008 Market Wire, All rights reserved.
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SUBJECT CODE: Media and Entertainment:Music and Radio
Retail:E-Commerce
Retail:Consumer Electronics
Source: Comtex Wall Street News
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