IRVINE, CA - (NewMediaWire) - October 13, 2015 - Ramoil Management, Ltd. (OTC PINK: RAMO) announced today that the company received its new CUSIP number and updated its quarterly financial statements.
Ramoil received the new CUSIP number last week and is immediately working to process its name change. "We are completely rebranding our company to create a fresh image that better reflects what we are all about. The future has arrived, and we have hit the ground running," Ramoil CEO, Jeremy Foti asserted. "We have achieved every benchmark on the way toward profitability; we are establishing key partnership agreements, acquired necessary production equipment, and eliminated debt. All of these strides are timed to coincide with the rollout of our new brand." Foti took the helm three months ago and set ambitious new goals for the company while restructuring operations to realize that vision.
Vice President and head of operations, Geoffrey Broderick, added to Foti's announcement by stating that the second quarter financials have been filed. "It is very important to show financial transparency and strength," Broderick said. "We will be keeping our financials current so our shareholders will see the value of their investment and witness our progress, quarter by quarter." Broderick said the 3rd quarter financials will be filed shortly. "We are on the precipice of executing an innovative expansion. The new management team has been actively growing the business and expanding our reach. Our commitment to growth and profitability is unwavering."
Ramoil has recently announced a 20% debt reduction, acquired manufacturing equipment, established new product and distribution partnerships, and made an offer on a new distribution facility. The company is clearly building an innovative, diverse, and stable company.
ABOUT Ramoil Management, Ltd.
Ramoil Management, Ltd. (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.