Member Stores Increase Greater Than Expected, RiMart Store Locations Will Double Over the Next 60 Days
March 10 2011 - 7:00AM
Marketwired
Grupo International, Inc., (PINKSHEETS: GRPI) President Richard
Ramon announced today, "that just after one month of offering the
new Member Store Association Program," 20 more new retail stores
have agreed to change their stores to the RiMart name and logo and
now will start offering RiMart products. This "quick start" is a
very encouraging response to the Company's new program, which has
only been available for approximately 30 days with limited
exposure. The Company hopes to capitalize on this "get acquainted
program" in that it allows stores to convert over to the RiMart
family of stores with low cost and easy transition. Store owners
can convert later to a larger franchise store opportunity that the
company offers upon qualification for the bigger and more
profitable programs. As a new member (of RiMart), the stores are
immediately eligible for a small credit line to aid in their
inventory purchases. This eligibility also applies to offering the
new RiMart Credit Card to its qualified customers. This business
model is exceptional in that as more stores join, a domino effect
is taking place causing other stores to evaluate the many
advantages of the RiMart programs. These programs, in many cases
are rarely offered to the consumer and small business person
before. Many areas have been introduced to this plan and have shown
to be well received with positive results.
RiMart is a branded trade name for the various size hardware
stores currently offered only in Baja California. Plans are now
underway to offer this business opportunity throughout other
Central and Latin American countries. The estimated average sales
for these new stores are approximately $20,000.00 a month. These
stores are the conventional style of stores located throughout
developing nations. These are the "local community" stores that are
frequently used as a neighborhood point of sale and allows for a
local business opportunity for those small businesses. The
advantage of the RiMart stores is that they qualify for government
assistance, for no interest loans, which are important factors in
promoting business for the economical developments in these
regions. It is estimated, for example, that there are over 3000
points of sale stores in Tijuana alone that may qualify as new and
potential RiMart store locations.
RiMart is a Division of Grupo International Inc. which not only
supplies product to the RiMart stores but operates a large
Construction Division, Raw Materials Division, Block Manufacturing,
and a New Credit Division. For more information please check the
Company's Web Site "www. grupointl.com" for a more complete
description of its products and services.
For additional information please contact Investors Relations
listed below:
Safe Harbor: The information contained in this press release,
including any "forward looking" statements within the meaning of
section 27A of the securities Act of 1993 and Section 21E of the
Securities Exchange Act of 1934 contained herein, should be
reviewed in conjunction with the Company's Annual Report on Form
10-KSB and other publicly available information regarding the
Company, copies of which are available from the Company upon
request. Such publicly available information sets forth many risks
and uncertainties related to the Company's business and such
statements, including risks and uncertainties related to that are
unpredictable and outside of the influence and/or control of the
Company. In particular, these risks and uncertainties include,
without limitation: that third parties may be successful in
challenging the patent issued; that granted claims may be held
invalid or interpreted differently by a court of law; that other
patents will issue that will block the Company from commercializing
the technology covered by the patents; and that the benefits that
Company believes can be derived from the patented technology will
not be realized due to difficulties encountered in the long and
expensive process of the development of new technologies and the
cost and uncertainty in obtaining regulatory approval for products
based on these technologies. In addition, there are many other
risks and uncertainties inherent in the development of the
Company's products, including the risk of not obtaining regulatory
approval for a variety of reasons and the risk of adverse side
effects in humans. Other risks relating to Company are detailed
from time to time in documents filed by Company with the SEC.
CONTACT: Grupo International Inc. Investors Relations: Email:
IR@grupointl.com 702-952-3998
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