J.T. Granatelli Lubricants Certified to Sell in Russia
22 September 1998
J.T. Granatelli Lubricants, Inc. Attains Coveted Commonwealth of Independent States (CIS) Certification For Sale of its Products in RussiaInitial Order in Excess of $90,000 (USD) to be Shipped Within 10 Days CAMARILLO, Calif., Sept. 22 -- J.T. Granatelli Lubricants, Inc. (OTC Bulletin Board: LUBR) has announced that it has received official Commonwealth of Independent States (CIS) government certification for sales of its products in Russia. The government endorsement creates a tremendous advantage for a product's market acceptance in the CIS. The J.T. Granatelli product line includes motor oil, motor vehicle lubricants, car care products, multi-purpose cleaners and a tire sealant. News of the certification was followed by a firm order from Union Construction Enterprises for over $90,000 USD in products. Union Construction, headquartered in Kaleningrad and Laguna Niguel, California, was instrumental in the acquisition of the government certificate and has also established a distribution network for J.T. Granatelli products in Russia, Poland and Belarus. The nearly two-year certification process cost Union Construction just over $100,000. The certification allows Union Construction to move forward with its marketing programs in Russia on behalf of J.T. Granatelli. Union Construction spent nearly $200,000 USD over the past 1-1/2 years to advertise and promote J.T. Granatelli products in Russia and is confident that both Union and Granatelli will now begin to see a return on this commitment. Union Construction's budget for continued promotion of the product line far exceeds monies already expended, with additional funds to be allocated for increased product promotion as sales grow. J.T. Granatelli will ship the initial order from Union Construction within the next 10 days. J.T. Granatelli Lubricants, Inc. manufactures, markets, sells and distributes its proprietary line of motor oil, general household and motor vehicle lubricants and contiguous products to the global marketplace. J.T. Granatelli Lubricants, Inc. trades publicly under the symbol LUBR on the Nasdaq Bulletin Board. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involves risks and uncertainties, including primary customer order rates, cancellations, late delivery of customer components which cause production delays, dependence upon certain customers, dependencies upon key executives, viability of quarterly results, single operating facility, competition, product liability risk, control by management, limited trading market and volatility of stock prices, foreign currency fluctuation, conflicts of interest, and other risk factors detailed in the Company's applicable SEC filings.