SOURCE: Grupo International (HIV-VAC, Inc.)

February 02, 2011 10:20 ET

Grupo International Inc. Starts Engineering Work on Cicsa Gold Mine

First Stage of Contract Is Estimated at $2,500,000 USD in Additional Revenues Reflected in the 3rd Quarter 2011

LAS VEGAS, NV--(Marketwire - February 2, 2011) -  Grupo International, Inc. (PINKSHEETS: GRPI) has begun engineering and construction work on a large mining project owned by Cicsa S.A. de C.V., a division of Grupo Carso, one of the largest and oldest companies in Mexico. The Project is part of a 30 million dollar mining project located in upper Baja, California. Ramon Richard, President of Grupo International Inc., announced that engineering and construction work will be completed Richard Y Lange S. A. De C.V. This first stage of this contract is estimated to be worth $2,500,000 USD in additional gross revenues and will be reflected in the 3rd Quarter 2011.

Grupo International Inc. recently entered into a binding acquisition of 80% of Richard Y Lange S. A. De C.V. This acquisition begins the company's desire to expand its international presence in the fast growing area of Latin America.

Grupo International Inc. operates businesses throughout Baja, California. The businesses include our franchised hardware stores, RiMart Specialty Tool, others are mining sand concessions, a cement block manufacturing plant, construction, and an in house preferred credit card division. Each operation acts as a vertical integration allowing for a competitive working structure.

Additional information found at the company's web site www.grupointl.com

"Safe Harbor Statement"
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 Information

  • Contact:
    Grupo International Inc.
    Investors Relations:
    702-952-3998
    IR@grupointl.com