OTCBB: AGRT AUSTIN, Nov. 1 // PRNewswire // - AGR Tools, Inc. (OTCBB: AGRT) is pleased to announce that it has expanded its distribution network to Puerto Rico. Located in San Juan, the company's new distribution center will serve a population of over four million people and focus on the growing construction and demolition industries on the island.
"Having spoken both formally and informally with many of the major construction companies on the island, I am very encouraged to learn that the industry will be robust in 2011", commented Luis Trabanco, owner of AGR's new Puerto Rico dealership. "I have tested the quality of AGR's tooling and received overwhelmingly positive responses from the fabricators/contractors here on the island", Mr. Trabanco concluded.
"We are now strategically positioned to capture a majority of the diamond tooling market in Puerto Rico, and we are excited to have the opportunity to service the construction and demolition industries on the island as well as in other regions of Latin America," commented Rock Rutherford, the President and CEO of AGR. "Our products are rapidly gaining market share because of the outstanding value we provide to our customers by offering the best professional-grade diamond tooling in the industry at the lowest cost."
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. Its wholly owned subsidiary, AGR Stone & Tools USA, Inc. ("AGR USA"), is a contract manufacturer and distributor of tooling and accessories to the construction, building maintenance and demolition industries in the United States and Canada. AGR USA supplies more than 700 products through its stocking dealership network and website, including diamond based tools and adhesives, and it specializes in producing consumable tooling 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 tooling industry. AGR USA has conducted extensive research and testing of its products, and uses the latest technologies to assure it is at the forefront of the diamond tooling industry.
More information on AGR and AGR USA can be found at: cr="true" href="http://www.agrtools.com"]www.agrtools.com
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.
SOURCE AGR Tools Inc.