28/6/10 – AGR Announces New business worth US$3.75 Million for Next Fiscal Year
28 June 2010
AGR Tools, Inc. through its wholly owned subsidiary, AGR Stone & Tools USA, Inc has announced that it has accumulated over US $3,750,000 worth of dealership sales contracts for the coming fiscal year. It has reached this milestone by aggressively expanding its dealership network, adding an average of two new stocking dealers per month. AGR currently has dealers covering over 30 territories in the United States and Canada.
AGR Stone & Tools USA, Inc. is a contract manufacturer and distributor of tools and accessories to the construction, building maintenance and demolition industries in the United States and Canada. It supplies more than 700 products through its stocking dealership network and web-site. The products include diamond based tools and adhesives and it specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries.
"We are pleased that new dealership contracts are continuing to come in and generate new revenue," stated Rock Rutherford, President and CEO of both AGR and AGR USA. "These contracts represent the minimum sales that each dealership must generate and do not reflect additional sales. Some of our dealers are expected to generate double, even triple their minimum sales requirements."