IRVINE, CA - (NewMediaWire) - September 17, 2015 - RAMOIL MANAGEMENT, LTD. (OTC PINK: RAMO) announced its intent to change its name and CUSIP number.
Several developments emerged during a recent Board of Directors meeting that precipitated the decision to rebrand. "We've developed aggressive marketing strategies, signed key distribution agreements, and are developing a slate of innovative new products that will define what our company stands for," Ramoil CEO, Jeremy Foti, asserted. "Ramoil is evolving to a level of growth, sophistication, and diversity which necessitates a brand that adequately reflects the products we represent."
According to Ramoil VP, Geoffrey Broderick, operational progress is ahead of schedule. "We've made apt office improvements and staffing decisions; we are upgrading our website to be more consumer friendly, efficient, and will work collaboratively with a stronger social media presence," Broderick said. "Our upcoming product announcements will coincide with our operational readiness, and ultimately, our rebranding."
Broderick expanded on the company's progress, by saying, "We recently announced the development of new products that we will create with the recently acquired Supercritical CO2 Extraction machine; we are working to finalize contracts to distribute these and other products, some of which we will market through a national brand. We are very excited about the direction we are heading in."
The application for the new name and CUSIP number will be filed within the next thirty days.
ABOUT Ramoil Management, Ltd.
Ramoil Management, Ltd. (OTC PINK: RAMO) focuses on the development of innovative products that supply the medical, research, and pharmaceutical industries. The company is additionally establishing domestic and international partnerships with businesses that develop and sell proprietary consumer products and services related to the social marketing sector of the legal cannabis industry. Product lines for the consumer, music and entertainment sectors are in development.
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.