VANCOUVER, July 24 /PRNewswire-FirstCall/ -- Laburnum Ventures Inc. (OTCBB:LBUV) is pleased to announce that it has began the process of changing its name to AGR Tools, Inc. to reflect the anticipated completion of the merger between Laburnum and AGR Stone Tools USA, Inc.
"I have every confidence that the merger between our companies will be completed in the near future and am proud to be able to adopt the AGR name for Laburnum," said Tom Brown, President of Laburnum.
Laburnum anticipates that it will take approximately 45 days to effect the change of name. An application to FINRA for the name change and a new ticker symbol will be made shortly and the company will update its investors via a press release when the new ticker symbol is granted.
About AGR Stone Tools USA, Inc.
AGR is a manufacturer of diamond tools and adhesives. 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 completed extensive research and testing, and uses the latest technologies to assure AGR Tools is at the forefront of the diamond tool industry. The company employs some of the world's top scientists, engineers and metallurgists to produce the highest quality diamond tools for the construction industry.
More information on AGR can be found at: http://www.agrtools.com/index.html
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 Laburnum Ventures Inc.'s filings with the United States Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially -from those described in the forward-looking statements.
See Laburnum Ventures Inc.'s Current Report on Form 8-K regarding the share exchange agreement between AGR Stone Tools USA, Inc. for details on various conditions which must be met before the share exchange between the two companies closes.
Laburnum Ventures Inc.
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