AUSTIN, TX, June 14 /PRNewswire-FirstCall/ - AGR Tools, Inc. ("AGR") (OTCBB-AGRT) is pleased to announce its wholly owned subsidiary, AGR Stone & Tools USA, Inc. ("AGR USA"), has won its first open bid contract since the acquisition was completed.
"We are extremely pleased that our name recognition and quality have started to receive the attention of cost bidders," announced Rock Rutherford, President and CEO of both AGR and AGR USA. "This initial customer order consists of $230,000 of asphalt blades which are to be delivered over the next ten months. This one contract is equal to over 40% of our entire annual gross revenue for 2009. We really are beginning to see the results of marketing efforts and expect to be seeing more bid contracts coming our way in the near future."
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 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 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.