SOURCE: Ramoil Management, LTD.

Ramoil Management, Ltd.

July 06, 2015 10:21 ET

Ramoil Management, Ltd. Announces New CEO

IRVINE, CA--(Marketwired - Jul 6, 2015) - RAMOIL MANAGEMENT, LTD. (OTC PINK: RAMO) Board of Directors announced the appointment of Jeremy Foti as their new CEO today. Foti has a history of building companies from the ground up, and his vision for Ramoil's future includes product expansion and an aggressive sales model. "Beginning with Americor Lending, Jeremy Foti has built an impressive track record," said Woo Kim, a member of the Ramoil Board of Directors.

Foti began Americor Lending Group in 2002 with four employees and grew it to be one of the largest mortgage brokerages in the United States. The company was worth over $100 million dollars and had 200 employees at its peak; he sold his interest and stepped down as President in 2007. Americor is one of several start-up companies Foti has built into multi-million dollar enterprises over the past several years. "My focus on product innovation, aggressive marketing, and a sales driven business plan have enabled my success," Foti said. "This is the proven foundational strategy that will make Ramoil Management a thriving success."

Foti plans to enact several organizational changes, product launches, and partnership synergies that will ensure solid development of the company. "I am committed to Ramoil Management becoming a leader of product development, and we will certainly take advantage of crossmarketing opportunities to further our reach into the social and pharmaceutical sectors of the business," Foti passionately related. "I am building the team that will bring this vision to fruition. We will hit the ground running." Foti has delivered his business plan to the Board and is in the process of transitioning his management team.

About Ramoil Management, Ltd.
Ramoil Management, Ltd. (RAMO) supplies extractions, concentrates and medicines to medical, research and pharmaceutical facilities. The company establishes domestic and international partnerships with businesses that also sell consumer products and services related to the social marketing sector of the legal cannabis business. Revenues are currently generated from the delivery of extractions, concentrates and medicines using established wholesale and retail partnerships while the business platform expands.

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 Information

  • Ramoil Management, Ltd.
    Jeremy Foti