AUSTIN, TX, June 8 /PRNewswire-FirstCall/ - AGR Tools, Inc. (OTCBB-AGRT) is pleased to announce the preliminary revenue results for its newly acquired subsidiary, AGR Stone & Tools USA, Inc., for the month ending April, 2010. Rock Rutherford, President & CEO of AGR Tools, Inc. reports: "We are very pleased with the initial results for the month of April, 2010. The preliminary unaudited financial results of our newly acquired subsidiary is showing gross sales of approximately $165,000 (unaudited) for this one month period which equates to approximately 30% of the total revenue generated so far this fiscal year and an increase of over 125% over the same period last year. It looks as though our company has turned the corner and the anticipated revenue growth previously announced is now being realized. With the ongoing marketing programs and the dealership expansions combined with the fulfillment of over $2 million in dealership back-orders we expect that revenues will continue to grow at a rapid pace. We are continuing with our plan to fill back orders, develop new dealerships and forge new relationships that we believe will allow for the continued expansion of our business."
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.
About AGR Stone & Tools USA, Inc. ---------------------------------
AGR Stone & Tools USA, Inc. is a contract manufacturer and seller of tools and accessories to the construction, building maintenance and demolition industries in the United States and Canada. It sells more than 700 products through its stocking dealership network and web-site. 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.
More information on AGR Stone & Tools USA, Inc. can be found at: www.agrtools.com
Forward-Looking Statements: ---------------------------
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.