AUSTIN, TX, June 17 /PRNewswire-FirstCall/ -- AGR Tools, Inc. ("AGR") (OTCBB-AGRT) through its wholly owned subsidiary, AGR Stone & Tools USA, Inc. ("AGR USA"), is continuing its aggressive distribution growth initiative by adding Oakland, CA as its latest service area. The company's distribution center is located in Alameda County and is able to service a population of over 1.8 million with an annual diamond tool market estimated at approximately $7 million. The addition of the Oakland, CA territory represents the next step in AGR's North American expansion strategy.
"We now have complete coverage in the Bay Area," stated Rock Rutherford, the CEO of both AGR and AGR USA. "With a presence in San Francisco, San Jose and Oakland, we are well positioned to service the construction industry in Northern California."
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: http://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.
AGR Tools Inc.
CONTACT: North America: Wingrave Corporate Services, Toll Free: (877)
777-4070, ir@agrtools.com; Europe: AMF Services, Email: amfs@shaw.ca
