LONG BEACH, Calif., April 27, 2011 /PRNewswire/ -- RAMOIL MANAGEMENT, LTD. (OTC:RAMO), soon to be Enviro|Tech Capital, Ltd., would like to announce the merger of its new subsidiary Groupe Concorde Developments, Inc.
Per our new business model, Groupe Concorde Developments, Inc. ("GCD") will operate under our "Environmental Division", EnviroTech Energy (www.envirotechenergy.com). GCD has been in operation here in America since 2007 and in Europe as Concorde Gruppe, GmbH since 2005.
Michael J. Goeree, Ramoil's Chairman and CEO is quoted as saying, "Today, Ramoil Management not only underscores our intentions of bringing high quality opportunities and value to our Shareholders but we will be doing this globally as well. Executing our promises is our goal. Groupe Concorde Developments is the right company with the right projects to fulfill our promise of environmentally friendly / green energy technologies and projects as well as environmentally friendly development projects. I am excited to welcome GCD and Mr. Taranu into the Enviro|Tech Capital family of companies."
Mr. Alex Taranu, Groupe Concorde Development's President and CEO is quoted as saying, "We at Groupe Concorde Developments are also excited and grateful for the opportunity to join the Enviro|Tech Capital structure. GCD fits seamlessly into the mission of the EnviroTech Energy division. With Enviro|Tech's support and backing, Groupe Concorde Developments will surely deliver the valued opportunities, revenues and market strength the shareholders deserve. To this end, GCD is well underway to deliver the valued green projects and technologies it is entrusted to bring to fruition."
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 range in size of USD $50 Million to $150 Million to develop. This cost is 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".
Details of each of GCD's projects and technologies will be released over the coming few months as the merger progresses and the projects develop.
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.
The company has already closed deals working forward under its new business model.
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
SOURCE Ramoil Management, Ltd.