Overview
GRIT International is a North American industrial resources conglomerate incorporated in the State of Nevada with segments that include:
- Precious Metals
- Energy
- Environmentally Friendly Technologies & Innovations
- Industrial Manufacturing & Services
GRIT International will provide capital, expertise and management assistance to companies and projects that warrant increased and specific investment and an umbrella of management services. Companies and projects will be acquired as subsidiaries, funded and groomed into production or operations.
Other acquisitions will be made of existing profitable companies which compliment the GRIT International roster of partners and its goals. When the time is right and on a case by case basis, subsidiaries which are successful could be “spun out” and funded as new issues or IPO’s.
Some will make attractive purchase targets by other companies and some will be sold off.
Why GRIT
The consolidation of smaller players has a central part to play in GRIT’s plans. The opportunity exists to acquire businesses in mining, oil and gas, environmental technology and traditional industrial technologies and operations.
Often mineral properties will also hold oil or gas possibilities and vice versa so GRIT International plans to take advantage of this fact.
In today’s increasingly competitive and turbulent business environment we believe Grit’s clear vision, effective strategies and state of the art execution of these strategies positions us to succeed.
At Grit our plan is to acquire small to mid-sized Canadian and US-based industrial companies. Although the economy is still in recovery mode we believe the time to invest is “now.” Eventually the economy will recover and we believe Grit will be well positioned with a front row “first mover” seat when it does, leading to high shareholder value.
Our intention is to capitalize and optimize profitability when the recovery arrives.
The U.S. Department of commerce says that successful subsidiaries using business incubation strategies, increases the likelihood that a start-up company will stay in business for the long term: Historically, 87% of incubated companies stay in business for more than 5 years.
Financing will be made available by way of an equity line through existing relationships with a nation-wide broker/dealers.
Growth Strategy
Although the world economy continues to experience its fair share of struggles we at GRIT believe “the future is now.”
We have plans to expand at a rapid rate over the next few years to create greater shareholder value thus gaining a competitive edge.
Grit is seeking acquisitions of companies that fit key profit-oriented criteria.
Key elements of this strategy are:
- Acquire companies with historical profitability
- Companies with double digit profit margins
- Companies that are service and/or asset based or a blend of both
- Companies with significant growth potential and revenue diversities
- Companies that exhibit vertical organic growth opportunities
Fundamentally GRIT International Inc aims to create shareholder value by acquiring companies, consolidating them and repositioning them.
GRIT’s senior management will be responsible for mergers and acquisitions and organic growth
Corporate & Governance (General Policy)
GRIT International is governed by the same strong values established by some of the most successful longest standing companies in the world and these values will continue to set the tone of integrity for the entire Company.
The entire GRIT International team; its employees, officers and directors, are committed to the ethical principles embodied in our corporate philosophy.
Our philosophy and values extend to our corporate governance. We recognize our responsibility to our shareholders, our customers, our employees, and our communities. These Principles of Corporate Governance build on the foundation of our corporate values.
We believe that good corporate governance results from sound processes that ensure that our directors are well supported by accurate and timely information, sufficient time and resources and unrestricted access to management.
The business judgment of the Board must be exercised independently and in the long-term interests of our shareholders.
We also believe that ethics and integrity cannot be legislated or mandated by directive or policy. So while we adopt these Principles of Corporate Governance, we reaffirm our belief that the ethical character, integrity and values of our directors and senior management remain the most important safeguards of corporate governance at GRIT International.
Investor FAQ
When was GRIT international founded?
2006
When did GRIT become a publicly traded company?
Grit International became a publiclly traded entity in September 2007.
What exchange does GRIT trade on and what is the ticker symbol?
Trades on Frankfurt Floor exchange and Xetra electronic exchange
Symbol is:
3GR1
When is GRIT’s fiscal year-end?
November 30th
How do I obtain GRIT’s latest financial results?
They will be updated on website www.gritintl.com prior to second quarter of 2011
How do I receive press releases to my email?
Sign up for “Grit Alerts” Newsletter. Which will be available November 2010
Who is GRIT’s transfer agent?
Heritage Trust
4 King Street Suite
1320
Toronto
Ontario Canada
1.416.363.1240
Who do I talk to about investor relations and how?
Send Email to
grit-admin@gritintl.com Or Call 1.780.513.1125
How do I buy additional units of GRIT?
Must buy on the open market of exchange
Does GRIT offer a DRIP (dividend reinvestment program)
or other directs methods
of purchasing its units?
Not at this time but it will be reviewed in two years
Who is Grit’s accounting firm?
John Scholz Chartered Accountant (Licensed Public Accountant)
Woodbridge Ontario
Suite 72039
7700 Pine Valley Drive
Woodbridge Ontario