IRVINE, CA - (NewMediaWire) - October 19, 2015 - RAMOIL MANAGEMENT, LTD. (OTC PINK: RAMO) has officially completed the necessary paperwork to file for a name change.
Ramoil is changing the name to better reflect the current company business plan; the company received its new CUSIP number two weeks ago. "We have timed this rebranding process to coincide with the closing of several agreements we have been working to finalize," Jeremy Foti, stated, "the announcement of these deals alongside our new name will firmly exclaim that our new beginning has arrived."
Vice President, Geoffrey Broderick, said that there are several other deals in the works. "In addition to the Supercritical CO2 Extraction Machine acquisition, the offer to acquire the warehouse in Michigan, and our talks with CleanVD®, there are other confidential agreements being negotiated." Broderick broadened his comments to include a glimpse of the future, saying, "by the time we announce the official name change, we will be establishing a solid revenue base and announcing exciting new prospects on the horizon." In addition to already securing a solid product distribution partner, Ramoil is securing distribution and acquisition agreements with several companies, while developing its own proprietary products.
The name change is schedule to be completed within the next 60-90 days.
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.