OTCBB: AGRT
AUSTIN, TX, Oct. 27 /PRNewswire/ - AGR Tools, Inc. (OTCBB: AGRT) is pleased to
announce that it has engaged International Monetary ("IM") as its
investor relations & strategic advisory firm. Pursuant to a consulting
agreement dated October 25, 2010, IM will provide AGR with corporate
planning and general consulting services, coordinate its investor
relations and public relations services, identify capital sources,
assist it with maximizing shareholder value and advise AGR's management
on other strategic decisions for a period of six months in exchange for
300,000 restricted shares of AGR's common stock. The relationship may
be extended by mutual agreement of the parties or terminated by either
party by providing 10 days' written notice of a violation of the
agreement by the other party that is not subsequently cured.
"IM has a direct connection to the investment community which will help
us quickly move forward with our strategic growth plans," commented
Rock Rutherford, the President and CEO of AGR. "We are relying on the
firm's significant consulting experience to provide us with overall
market support, which is where we have required some professional
assistance in the past."
"IM is one of the premier investment banking consulting firms in the
United States, catering specifically to small capitalization public
companies", continued Rutherford. "With its team of professionals
serving its corporate clients, IM has the experience and resources to
quickly facilitate and provide powerful IR & PR services, and it brings
a substantial knowledge base to the table for strategic decision
making. We are pleased to associate AGR, a leader in the diamond
tooling industry, with IM, a dynamic leader in its own industry."
MB Riley, the Managing Director of IM, stated, "AGR provides a platform
for dynamic product/service offerings in the diamond tooling sector
that positions it for significant growth. The target market for AGR's
products is broadening each day both in the U.S. and Canada, and IM is
excited to provide it with services ranging from the preparation of
corporate documents to providing guidance and assistance in maximizing
shareholder value."
About International Monetary
Founded in 1997, International Monetary ("IM") recognized a need to
provide investment banking services with the speed and precision that
is required in the new internet and technology economy. IM focuses on
turn-around situations and rapidly-growing small companies,
specializing in debt/equity financing of under $1 billion. IM is lead
by a team of Managing Directors that provides a number of strategic
advisory services, including: structuring financing and providing
capital resources, M&A, international licensing/commercialization,
retail product/service distribution, advertising & marketing, and
shareholder enhancement services. To find out more about IM, go to: www.intlmonetary.com
About AGR Tools, Inc.
AGR Tools, Inc. is a public company with its common stock quoted on the
OTC Bulletin Board under the symbol AGRT, and the Berlin and Stuttgart
Stock Exchanges under the symbol LVSA. Its wholly owned subsidiary,
AGR Stone & Tools USA, Inc. ("AGR USA"), is a contract manufacturer and
distributor of tooling and accessories to the construction, building
maintenance and demolition industries in the United States and Canada.
AGR USA supplies more than 700 products through its stocking dealership
network and website, including diamond based tools and adhesives, and
it specializes in producing consumable tooling for the natural stone,
engineered stone, concrete and masonry industries. Its goal is to
provide its clients with superior quality products, excellent customer
service and the most competitive prices in the diamond tooling
industry. AGR USA has conducted extensive research and testing of its
products, and uses the latest technologies to assure it is at the
forefront of the diamond tooling industry.
More information on AGR and AGR USA can be found at www.agrtools.com
Forward-Looking Statements:
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Actual
results may differ materially from those described in forward-looking
statements and are subject to risks and uncertainties. See AGR Tools,
Inc.'s filings with the United States Securities and Exchange
Commission which may identify specific factors that may cause actual
results or events to differ materially from those described in the
forward-looking statements.
SOURCE AGR Tools Inc.