AUSTIN, TX, July 15 /PRNewswire-FirstCall/ - AGR Tools, Inc. (OTCBB: AGRT) is pleased to announce to its shareholders and the general public the results of a research report on the company by Curtis Michael Management Corporation. Dated June 30, 2010, the report provides a comprehensive analysis of the business of AGR and its wholly owned subsidiary, AGR Stone & Tools USA, Inc., as well as an overview of the diamond tool industry and AGR's competitive position within it. A copy of the report is available at the following link: http://www.stockreportcard.com/pdf/agrt_final_june_2010.pdf.
The report highlights AGR's unique stocking dealer business model and its aggressive expansion strategy for the next 18 months, noting that the outlook for the diamond tool industry appears positive since construction spending (in particular, on remodeling projects) and housing starts are again on the rise after bottoming out in late 2008 and 2009. It also supports AGR's expectation that demand for its products will increase over the next 12 months despite a slight decrease in the company's third quarter sales on a year-over-year basis, most of which can be attributed to the effect of the recent global recession on demand in the construction, building and demolition industries.
In addition, the report describes the diamond tool market as both highly competitive and highly fragmented, with competition based on the issues of pricing, quality, service and customer relationships, before outlining AGR's many competitive advantages. These include the company's extensive product lines that fully cover the construction, building and demolition industries; its replacement warranty feature, product testing focus and stocking dealer program; the production experience of its facilities; its management's qualifications; and finally, the company's brand potential. The report concludes that AGR has positioned itself for future growth and success.
"We are pleased with the conclusions of the Curtis Michael Management Corporation report," commented Rock Rutherford, the President and CEO of both AGR and AGR Stone & Tools USA, Inc. "We feel that AGR USA is well-positioned to capture a significant portion of the extensive North American diamond tool market, and the results of the report only reaffirm our commitment to this goal. We look forward to seeing the results of our plans and hard work reflected in the value of AGR's shares."
About Curtis Michael Management Corporation
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Curtis Michael Management Corporation is an investor relations consulting firm based in Phoenix, Arizona focused on understanding what drives and sustains shareholder value. With over 13 years of capital markets experience the company provides counseling services and market research to assist clients with a full range of corporate communications and implementation of investor relations programs.
About AGR Tools, Inc.
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AGR Tools, Inc. is a public company with its common stock quoted on the OTC Bulletin Board under the symbol AGRT and the Berlin and Stuttgart Stock Exchanges under the symbol LVSA.
About AGR Stone & Tools USA, Inc.
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AGR Stone & Tools USA, Inc. is a contract manufacturer and distributor of tools and accessories to the construction, building maintenance and demolition industries in the United States and Canada. It supplies more than 700 products through its stocking dealership network and website. The products include diamond based tools and adhesives and it specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries. Its goal is to provide its clients with superior quality products, excellent customer service and the most competitive prices in the diamond tool industry. The company has conducted extensive research and testing of its products, and uses the latest technologies to assure it is at the forefront of the diamond tool industry. AGR Stone & Tools USA, Inc. is a wholly owed subsidiary of AGR Tools, Inc.
More information on AGR Stone & Tools USA, Inc. can be found at: www.agrtools.com
Forward-Looking Statements:
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Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See AGR Tools, Inc.'s filings with the United States Securities and Exchange Commission which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE AGR Tools Inc.
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