SOURCE: GRIT International Inc.

GRIT International Inc.

October 07, 2010 09:04 ET

GRIT International Inc. Announces Forward Thinking Corporate Growth Forecasting

GRANDE PRAIRIE, AB--(Marketwire - October 7, 2010) -  GRIT International Inc., "GRIT" (PINKSHEETS: GRIG) (FRANKFURT: 3GR1) announces forward thinking 2010-2015 Corporate Growth Forecasting.

Insight
The company has implemented a conservative approach strategy with definitive measurements of achievability. The forward thinking forecasting for 2010-2015 is the planned course of action that management considers the correct heading to embark upon. With the recent release of GRIT's Divisions -- Mineral, Petroleum, Utilities, and Dynamics -- management is confident each division could stand alone from within their respective titles. The attraction to GRIT is the compelling-ness to satisfy a diverse shareholder base. With the current awareness of GRIT, investors/shareholders will want to be kept informed as forthwith as possible, to the launch of any new subsidiary entities such as the one announced in the October 6th, 2010 Corporate Press Release.

With subsidiary spin-offs being inevitable, management has set out on the course to innovate and cultivate our relationships and enhance our knowledge that will dividend value out to our stakeholders.

The company will provide a tangible asset value: GRIT-MINERALS to equal 80% of the corporate asset base.

Chart-GRIT Consolidated Projected Performance Assets Breakdown http://www.gritintl.com/_chartbreakdown/ 

The corporate revenue will be comprised of: GRIT-PETROLEUM, GRIT-UTILITIES & GRIT-DYNAMICS to equal 80% of the revenue base.

Chart-GRIT Consolidated Projected Revenue Performance http://www.gritintl.com/_chartrevenue/

The direction management wants to portray is a focus on our current/present energy requirements by participating in the Oil & Gas sector, corporate longevity -- the future sustainability -- that the Utilities Sector has to offer, the cohesion of all the divisions Dynamic; which will facilitate/implement the services needed to develop and complete the projects. Each division carries a complexity/diversity so as not to become conditionally dependent on only a single source provider. 

Chart-GRIT Consolidated Projected Asset Performance http://www.gritintl.com/_chartassets/

Chart-GRIT Consolidated Projected Cash Flow Performance http://www.gritintl.com/_chartcashflow/

  GRIT International Inc. Consolidated Projected Forecasting Data
  Year 2010 2011 2012 2013 2014   2015
ASSETS MINERALS           1,841           3,598           5,352           7,106           7,111             7,115
PETROLEUM              217              460              512              565              619                677
UTILITIES              122              122              245              367              490                612
DYNAMICS                  6                58              460              462              464                466
  Total Assets           2,186           4,238           6,569           8,500           8,684             8,870
REVENUE MINERALS                -               41.5             91.5           150.0           217.0             292.5
PETROLEUM               1.8             30.3             74.7           138.0           222.0             322.9
UTILITIES               1.0             55.0           381.0           780.0        1,322.0          2,087.0
DYNAMICS               1.0             37.0           452.0           539.0           668.0             787.0
  Total Revenue               3.8           163.8           999.2        1,607.0        2,429.0          3,489.4
$ In Millions

We aim to impress upon you further as current & future stakeholders that as management we foresee a conservatively estimated calendar year ended share price of 7.00 Euros. We rationalize this through our consolidated projected actual asset values and revenue earnings. We forecast a share price of > 60.00 Euros in 2015.

Chart-GRIT Consolidated Projected Stock Value Performance http://www.gritintl.com/_chartstock/

ABOUT
GRIT INTERNATIONAL INC.
GRIT International is a Canadian based company registered in the State of Nevada, US; - Diversified Industrial Services Company, offering Support Services, Utilities, Oil & Gas and Mineral holdings. The businesses that make up GRIT INTL -- Integrate amongst each other providing a present revenue from the energy industry and also seeks out Environmentally Sustainable solutions in nuclear energy, renewable resources in bio-waste and other alternative fuels available at present time. GRIT foresees expanding its divisions from an international to that of a Global services provider. For more information please visit the company's website at www.gritintl.com

Safe Harbor Statement; under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    GRIT International Inc.
    Investors Relations
    Website: www.gritintl.com
    E-mail: grit-admin@gritintl.com
    P : 780.513.1125
    F : 780.814.5584
    A : Suite 201, 9914
    109th Avenue, Grande Prairie, AB, T8V 1R7