Coconut Creek, Fla. – March 12, 2012 – Greyson International, Inc. (GYSN.PK) announced today that it has completed the purchase of a private entity which has a significant interest in an oil and gas company.
According to Greyson International CEO Harvey Tauman, “This acquisition will provide great value to our shareholders. Through this acquisition, we will now own nearly 5% of an oil company with property that has been reported to have potential of billions of barrels of oil according to industry experts. “Greyson will not be an operator in the business. This was done solely for investment purposes in a cash flow positive business with huge potential”, added Tauman. Further terms were not disclosed. Greyson International, Inc will make more information public as it becomes available.
Greyson International, Inc. will host a shareholder update conference call for all interested parties on Tuesday, March 13, 2012, at 4:10 p.m. EDT to discuss recent business developments including the recently announced purchase, for investment, of a private entity which has a significant interest in an oil and gas company.
Participants may use the following phone numbers to take part in the call.
- Within the U.S. dial (Toll Free): 877-407-8033.
- International participants can dial: 201-689-8033.
The call may also be heard via webcast (click here).
If you are not able to participate on the live call, a replay will be made available at www.greysonproducts.com
in the investors section >> conference calls.
About Greyson International, Inc.
Greyson International, Inc. is a research, development and marketing company that markets health and beauty aid products. Greyson has developed a new delivery method, the Trilexon® system, which will improve the effectiveness of virtually every topical application in today’s cosmetic market and every over-the-counter topical drug application. Trilexon® is a registered trademark of Greyson International. For more information, visit www.greysonproducts.com, join the Greyson Facebook group page by visiting www.facebook.com and searching “Greyson Products” or follow Greyson on Twitter at @greysonproducts.
This release contains information about management’s view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with our financial condition, our ability to sell our products and our ability to compete with competitors. We encourage you to review other factors that may affect our future results on any current or future documents we file periodically with the Securities & Exchange Commission.
Investor Relations Contact:
Investor Awareness, Inc.
Tony Schor or James Foy