AUSTIN, TX, Oct. 27 /PRNewswire/ - AGR Tools, Inc. (OTCBB: AGRT) is pleased to announce that it has engaged International Monetary ("IM") as its investor relations & strategic advisory firm. Pursuant to a consulting agreement dated October 25, 2010, IM will provide AGR with corporate planning and general consulting services, coordinate its investor relations and public relations services, identify capital sources, assist it with maximizing shareholder value and advise AGR's management on other strategic decisions for a period of six months in exchange for 300,000 restricted shares of AGR's common stock. The relationship may be extended by mutual agreement of the parties or terminated by either party by providing 10 days' written notice of a violation of the agreement by the other party that is not subsequently cured.
"IM has a direct connection to the investment community which will help us quickly move forward with our strategic growth plans," commented Rock Rutherford, the President and CEO of AGR. "We are relying on the firm's significant consulting experience to provide us with overall market support, which is where we have required some professional assistance in the past."
"IM is one of the premier investment banking consulting firms in the United States, catering specifically to small capitalization public companies", continued Rutherford. "With its team of professionals serving its corporate clients, IM has the experience and resources to quickly facilitate and provide powerful IR & PR services, and it brings a substantial knowledge base to the table for strategic decision making. We are pleased to associate AGR, a leader in the diamond tooling industry, with IM, a dynamic leader in its own industry."
MB Riley, the Managing Director of IM, stated, "AGR provides a platform for dynamic product/service offerings in the diamond tooling sector that positions it for significant growth. The target market for AGR's products is broadening each day both in the U.S. and Canada, and IM is excited to provide it with services ranging from the preparation of corporate documents to providing guidance and assistance in maximizing shareholder value."
About International Monetary
Founded in 1997, International Monetary ("IM") recognized a need to provide investment banking services with the speed and precision that is required in the new internet and technology economy. IM focuses on turn-around situations and rapidly-growing small companies, specializing in debt/equity financing of under $1 billion. IM is lead by a team of Managing Directors that provides a number of strategic advisory services, including: structuring financing and providing capital resources, M&A, international licensing/commercialization, retail product/service distribution, advertising & marketing, and shareholder enhancement services. To find out more about IM, go to: www.intlmonetary.com
About AGR Tools, Inc.
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. Its wholly owned subsidiary, AGR Stone & Tools USA, Inc. ("AGR USA"), is a contract manufacturer and distributor of tooling and accessories to the construction, building maintenance and demolition industries in the United States and Canada. AGR USA supplies more than 700 products through its stocking dealership network and website, including diamond based tools and adhesives, and it specializes in producing consumable tooling 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 tooling industry. AGR USA has conducted extensive research and testing of its products, and uses the latest technologies to assure it is at the forefront of the diamond tooling industry.
More information on AGR and AGR USA can be found at www.agrtools.com
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.