GRIT International Inc.
FRANKFURT : 3GR1

GRIT International Inc.

June 29, 2009 16:00 ET

GRIT International Inc. Announcing to Add 1.8 Million Appraised Property Value and 12,000 Sq Ft of Shop Facilities to the Balance Sheet

GRANDE PRAIRIE, ALBERTA--(Marketwire - June 29, 2009) - GRIT International Inc., ("GRIT") (FRANKFURT:3GR1) announcing that it has secured an offered to purchase 5 acres of property with shop facilities of over 12,000 sq ft. for the sum of 1.8 Million.

Property is located on the northern outskirts of Grande Prairie, AB; it will provide ample yard space to maneuver large industrial products requiring any Sandblasting & Painting needs. Broken down into two sections; a cover-all 4,000 sq foot (temporary building structure) partially enclosed for sandblasting and a permanent 8,000 sq foot double ended door entry two (2) full lengthened bays 100 ft long. The bays are equipped with automated filtered ventilation systems; that control over- sprays and prevent containments from exhausting out to atmosphere. Should the need arise for expansion an additional 5,000 sq feet could be added onto the existing building structure.

GRIT's CEO, Mr. Lawrence Zeiben, has been quoted saying; "This acquisition brings value to the balance sheet putting GRIT 40% closer to this yearend's targeted property values".

The company is taking an aggressive approach by increasing its asset base, to fulfill its projected contractual sales needs.

Through the expansion of GRIT's asset base, stakeholders dually gain monetary asset worth with a marketable share value. The cyclical efforts revolve around asset base proportional to sales; with a growth in sales; an increase in the need of more asset-base would be required; ultimately providing core value to the company. Through GRIT's intuition, more contract value will increase the necessities of furthering GRIT's current expansion plans.

GRIT INTERNATIONAL INC. GRIT International Groups Inc is a Canadian based company. Its goal is to become one of North America's major Industrially Specialized Service Providers in the Composite Abrasives Blasting & Paintings/Coatings Sector; seeking to set service standards in Craftsmanship and Quality, with service continuity and product guarantees.

Safe Harbour 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.

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