Ramoil Management, Ltd. Clarifies Its Business and Product Offerings
LAS VEGAS, NV--(Marketwired - Jun 9, 2014) - RAMOIL MANAGEMENT, Ltd (OTC Pink: RAMO) (
Michael Goeree, the Company's Chairman, President and Chief Executive Officer, said: "Our press release of April 16, 2014 seems to have created some ambiguity as to the direction of our business, in particular as a result of a typographical error, in which the word 'accept' should have been 'except', thus excluding our dealing in marijuana containing materials. We do not intend to violate Federal Law in any way. All of our product offerings are completely legal under Federal Law."
The Company's wholesale product lines can be reviewed at www.ramocorp.com . These products include E-cigarettes with nutraceutical vapor oils containing male and female enhancement additives, flavored nicotine additives and anti-aging additives. In addition, the Company offers a complete line of E-cigarette "pens" and vapor oil delivery systems which can be filled by the customer for resale. The Company also offers a full line lighting products and nutrients for hydroponic agriculture. The Company does not plan to be an online retailer. The Company expects to complete the formulation of its nutraceutical vapor oils in early August 2014.
The Company's initial market focus will be California, in which the Company has filed, through a newly incorporated subsidiary, an application for a "reseller's number". The Company expects to receive the "reseller's number" in about two weeks and to commence sales in California at that time. The "reseller's number" will permit the Company to purchase products in California for resale and resell those products in California without paying or collecting sales tax. The Company expects to receive the "reseller's number" in approximately two weeks. Through its web site, the Company expects to develop a wholesale business nationwide.
Mr. Goeree further stated: "I hope this press release resolves any uncertainty in the Company's business and its product offerings. The Company will not deal in any products containing marijuana, even when legal under state law, as this is still illegal under Federal Law. Should the Federal Laws change in the future, we will reassess our position at that time."
About Ramoil Management, Ltd.
Ramoil Management, Ltd. (RAMO) is a development stage company. The Company is an online wholesaler of E-cigarettes containing nutraceutical vapor oils, E-cigarette delivery systems and hydroponic lighting and nutrients.
Forward Looking Statements:
This news release contains forward-looking statements made by RAMOIL MANAGEMENT, LTD. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 because it is not registered under either Act.
CONTACT:
Company and Investor Relations Contact:
Frank Blainey, Esq.
+1-702-381-1961
Ramoilir@gmail.com
