Ramoil Management, Ltd. Clarifies Its Business and Product Offerings
June 09 2014 - 8:00AM
Marketwired
Ramoil Management, Ltd. Clarifies Its Business and Product
Offerings
LAS VEGAS, NV--(Marketwired - Jun 9, 2014) - RAMOIL MANAGEMENT,
Ltd (OTC Pink: RAMO) (PINKSHEETS: RAMO) announced today that it is
selling and plans to sell only products that are legal under
Federal Law.
Michael Goeree, the Company's Chairman, President and Chief
Executive Officer, said: "Our press release of April 16, 2014 seems
to have created some ambiguity as to the direction of our business,
in particular as a result of a typographical error, in which the
word 'accept' should have been 'except', thus excluding our dealing
in marijuana containing materials. We do not intend to violate
Federal Law in any way. All of our product offerings are
completely legal under Federal Law."
The Company's wholesale product lines can be reviewed at
www.ramocorp.com. These products include E-cigarettes with
nutraceutical vapor oils containing male and female enhancement
additives, flavored nicotine additives and anti-aging
additives. In addition, the Company offers a complete line of
E-cigarette "pens" and vapor oil delivery systems which can be
filled by the customer for resale. The Company also offers a
full line lighting products and nutrients for hydroponic
agriculture. The Company does not plan to be an online
retailer. The Company expects to complete the formulation of
its nutraceutical vapor oils in early August 2014.
The Company's initial market focus will be California, in which
the Company has filed, through a newly incorporated subsidiary, an
application for a "reseller's number". The Company expects to
receive the "reseller's number" in about two weeks and to commence
sales in California at that time. The "reseller's number" will
permit the Company to purchase products in California for resale
and resell those products in California without paying or
collecting sales tax. The Company expects to receive the
"reseller's number" in approximately two weeks. Through its
web site, the Company expects to develop a wholesale business
nationwide.
Mr. Goeree further stated: "I hope this press release resolves
any uncertainty in the Company's business and its product
offerings. The Company will not deal in any products
containing marijuana, even when legal under state law, as this is
still illegal under Federal Law. Should the Federal Laws
change in the future, we will reassess our position at that
time."
About Ramoil Management, Ltd.
Ramoil Management, Ltd. (RAMO) is a development stage
company. The Company is an online wholesaler of E-cigarettes
containing nutraceutical vapor oils, E-cigarette delivery systems
and hydroponic lighting and nutrients.
Forward Looking Statements:
This news release contains forward-looking statements made by
RAMOIL MANAGEMENT, LTD. All such statements included in this press
release, other than statements of historical fact, are
forward-looking statements. Although management believes that
the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will
prove to have been correct. Actual results may differ materially
from those indicated by these statements. The following risk
factors, among others, could cause actual results to differ
materially from those described in any forward-looking statements.
These risks and uncertainties include, but are not limited to,
economic conditions, changes in the law or regulations, demand for
products of the Company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward looking statements.
Forward-looking statements are typically identified by the words:
believe, expect, anticipate, intend, estimate, and similar
expressions or which by their nature refer to future
events. The Company is not entitled to rely on the safe harbor
provisions of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 because it is not
registered under either Act.
CONTACT: Company and Investor Relations Contact: Frank Blainey,
Esq. +1-702-381-1961
Ramoilir@gmail.com
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