SOURCE: Grupo International, Inc.

March 31, 2011 12:39 ET

RiMart Adds Line of CEMEX Products for Its Member and Franchise Stores

LAS VEGAS, NV--(Marketwire - March 31, 2011) - RiMart Stores, a Division of Grupo International, Inc. (PINKSHEETS: GRPI), has executed an agreement with CEMEX, one of the world's largest cement companies, to add another major product line to its Franchise and Member Stores.

RiMart has entered into a series of agreements with several major material producers. The agreements allow RiMart franchise and Member stores to sell their products at price advantages over the multitude of independent stores throughout Mexico and Latin America. RiMart believes that both the added quality and price advantages will allow them to achieve and maintain a considerable edge over the competition.

President Ramon Richard stated that the recent agreements with well-known manufacturers with branded products have also increased interest for new franchise opportunities and Member Stores.

Richard stated that, "We will exceed the company's financial goals and will more than double that number of stores by year end." 

RiMart now has 26 stores and will continue to expand its product lines with major, branded manufacturers. RiMart's success lies in its ability to offer these branded products to stores that have not had the opportunity to purchase because of their size and market share. The stores benefit from the quantity purchases and savings and can pass those savings on to customers. Member Stores and franchises also have access to a RiMart Customer Credit Card for customer purchases.

Grupo International Inc. has complementary businesses including Mining Sand Concessions, a Cement Block Manufacturing Plant, Construction, and an in house Preferred Credit Card Division. The Company has a high degree of integration.

Additional information can be found in the Company's most recent 8k filing and the Company's web site (www.grupointl.com) describing the business and transaction.

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 Information

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