Ramoil Management, Ltd. (OTC: RAMO) Announces Its Intention to Increase Its Stake in GCD to 49%

FORT LAUDERDALE, Fla., May 23, 2011 /PRNewswire/ -- RAMOIL MANAGEMENT, LTD. (OTC: RAMO) and GROUPE CONCORDE DEVELOPMENTS, INC. (GCD), would like to announce that they have entered into talks commencing with meetings, this past Thursday through Saturday in Miami, Florida.  In these meetings the topics of Ramoil Management purchasing an additional 16% of Groupe Concorde Developments was tabled and very well received by Mr. Alex Taranu of GCD.  This would bring RAMO's stake in GCD to 49% upon roll-out of this entity as its own publicly traded company.  By this, RAMO expects to be able to allow for a healthier dividend upon completion of this event.

Further in these meetings in Miami, roll-out time tables, project implementation plans and schedules along with project financing options, new project opportunities and projected project financials were also discussed.

Mr. Alex Taranu, President and CEO of Groupe Concorde Developments, Inc. is quoted as saying, "Our merger and business development has been everything GCD had hoped for.  Working closely with Ramoil Management has given us the ability to grow our business plan faster than we had hoped for.  I look forward to growing this mutual relationship with RAMO on this and other yet unannounced projects.  This is a partnership of success."

Mr. Goeree, Ramoil's Chairman and CEO, is quoted as saying, "Alex is a fine leader and has great insight and contacts in the Green Energy and Project Developments Sector.  We at RAMO could not be more fortunate than to have the opportunity of increased ownership in such a company as Groupe Concorde Developments, Inc.  Though in preliminary talks, I expect a favorable outcome.  This is how strong and stable shareholder and market value are built, one steady step at a time."

About Groupe Concorde Developments, Inc.

Groupe Concorde Developments, Inc. ("GCD"), of Fort Lauderdale, FL, has been in operation here in America since 2007 and in Europe as Concorde Groupe, GmbH since 2005.  GCD has solar energy, wind energy and waste to energy projects already under contract, with Power Purchase Agreements (PPAs) also already negotiated and signed, on Government Projects, backed by the European Union (E.U.) in Romania and Bulgaria.  Beyond this, GCD also has an "up to" 250 bed Environmentally Friendly, Green Assisted Living Facility (ALF) already Romanian Government and E.U. approved for development.  This Green Friendly ALF concept is also under consideration for implementation in Florida and Arizona as well.

Each of these projects will be substantially underwritten by E.U. subsidies, of which, the granting of these subsidies, so long as all requirements and prerequisites are met, like the purchase of green energy in Europe, under E.U. Law, is a "Matter of Law".

About Ramoil Management, Ltd.

About Us Statement: Ramoil Management, Ltd. (RAMO), soon to be Enviro|Tech Capital, Ltd., is a development stage capital company, focusing on green energy projects, asset management and other niche technologies temporarily headquartered in Long Beach, California.  Ramoil's present strategy is to identify buy-out and/or merger opportunities in the "Green / Renewable Energy Sector" and "Niche Technologies Sector" which will immediately impact and grow our asset and revenue base.  Through our world-wide network of Brokers and Scientists we already have one and possibly more such projects identified and are working through the due diligence process on each of these projects.  

Forward Looking Statements

This news release contains forward-looking statements made by RAMOIL MANAGEMENT, LTD. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 and services 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.

Company and Investor Relations Contact:
Mr. David Reiter at 323-952-3754
[email protected]

SOURCE Ramoil Management, Ltd.