AGR Diamond Tools' New Core Finger Bit Doubles Productivity
Conroe, TX /PRNewswire-FirstCall/ - AGR Tools, Inc., is pleased to announce that AGR Stone & Tools USA, Inc., with which AGR Tools, Inc. has entered into a binding share exchange agreement, has engineered and produced a new diamond core bit. Known as a Core Finger Bit, this two-in-one tool is intended for use by natural stone fabricators and installers. This innovative tool offers both exceptional coring and polishes the inside of cut-outs.
"This is a cutting edge product far superior to anything in the marketplace," said Rock Rutherford, CEO of AGR Tools, Inc. and AGR Stone & Tools USA, Inc. "Our goal is to manufacture the world's finest diamond tools by using the most effective and technologically advanced materials and production methods. Our new core finger bit reflects that ingenuity and expertise that goes into all of our products", explained Mr. Rutherford.
AGR Stone & Tools USA, Inc., produces the Core Finger Bit using its patented Matrixx Maxx Technology, which gives the bit a longer life and more durable matrix. AGR's management asserts that compared to other bits on the market, the Core Finger Bit outperformed the competitors by more than two to one. The technologically advanced Core Finger Bit has been greeted with great enthusiasm by fabricators and installers. "I can double my productivity when I use AGR's Finger Bit. Not only does it make quick work of holes, but it leaves a nice smooth finish around the cut-out", said Juan Macias, owner of ACT Granite in San Antonio, Texas.
About AGR Stone & Tools USA, Inc.
AGR Stone & Tools USA, Inc. is a major supplier of diamond tools and adhesives. It specializes in producing consumable tools 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 tool industry. The company has completed extensive research and testing, and uses the latest technologies to assure AGR Tools is at the forefront of the diamond tool industry. The company employs some of the world's top scientists, engineers and metallurgists to produce the highest quality diamond tools for the construction industry.
Forward-Looking Statements:
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 identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. See AGR Tools, Inc.'s Current Report on Form 8-K regarding the new share exchange agreement with AGR Stone & Tools USA, Inc. for details on various conditions which must be met before the share exchange between the two companies closes. There can be no assurance that the share exchange will close. AGR Tools, Inc must issue 46,186,516 shares of its common stock to the current shareholders of AGR Stone & Tools USA, Inc. in order to complete the share exchange. Accounting for the anticipated cancellation of 25,000,000 shares of its common stock, upon the closing of the share exchange AGR Tools, Inc. will have 81,186,516 shares of common stock issued and outstanding.
SOURCE AGR Tools Inc.
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