Business
Ramoil Management, Ltd. Clarifies Its Business and Product Offerings
Ramoil Management, Ltd. Clarifies Its Business and Product Offerings.
About this update from Advantis Corporation
[{"type":"text","content":"\n \n \n Ramoil Management, Ltd. Clarifies Its Business and Product Offerings\n \n \nRamoil Management, Ltd. Clarifies Its Business and Product Offerings\n \n LAS VEGAS, NV--(Marketwired - Jun 9, 2014) - RAMOIL MANAGEMENT, Ltd (OTC Pink: RAMO) (PINKSHEETS: RAMO) announced today that it is selling and plans to sell only products that are legal under Federal Law. \n 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.\"\n 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.\n 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.\n 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...