Coconut Creek, Fla. – August 24, 2012 – Greyson International, Inc. (GYSN.PK) announced today additional information in regards to its investment in Blake Oil and Gas Limited (“Blake”) a privately owned, Guernsey registered, oil and gas company.
Earlier this year Greyson acquired a private entity that owned 630,690 shares of Blake in exchange for restricted shares of Greyson’s common stock. Each member of that entity was issued Greyson’s shares based upon their percentage of ownership in that entity.
Greyson International is not an operator of that business. Its interest is solely as an investor. Although its shares of ownership haven’t changed, its percentage can vary depending upon the outstanding shares of Blake. Its ownership is currently at 3%.
Blake has recently entered into a Joint Venture arrangement to further exploit its Oil and Gas Assets in Georgia. Under terms of the agreement, its partner has committed over $100,000,000 in funding to further develop its oil and gas activities in the Country of Georgia. According to independent studies, these properties have been reported to have significant oil and gas reserves. For more information please visit their website, www.blakeoilandgas.com.
About Greyson International, Inc.
Greyson International, Inc. is a research, development and marketing company that markets health and beauty aid products. Trilexon® is a registered trademark of Greyson International. For more information, visit www.greysonintl.com; join the Greyson Facebook group page by visiting www.facebook.com.
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.
Greyson International Inc.
Chief Executive Officer