Dec 14 2009
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 recently expanded their distribution network to Northern Ontario, Canada.
With approximately three million in population and a multi-million dollar diamond tool market, Northern Ontario will allow AGR Stone & Tools USA, Inc. to continue its increasing expansion in the North American market. Located in Sudbury, Ontario, Canada, AGR Stone & Tools USA, Inc.'s distribution center will be able to service the region's general contractors, granite fabricators, concrete contractors, stonemasons, tile contractors, and other construction professionals. AGR Stone & Tools USA, Inc. will also be positioned to take advantage of the large amount of government infrastructure spending in the province of Ontario.
AGR Stone & Tools USA, Inc.'s entry into the Ontario, Canadian market will be instrumental in the expansion objectives AGR has outlined for 2009 and 2010. The Ontario market adds to the growing list of AGR Stone & Tools USA, Inc. distribution centers throughout North America and is the latest of AGR's 25 distributors in 15 states and provinces in the United States and Canada.
As the only major manufacturer of diamond tools that markets and distributes its products directly to their customers, AGR Stone & Tools USA, Inc. has a major advantage over its competition. By selling directly, it plans to control a quarter of the approximately $8 billion North American diamond tool market. "Our goal is 25% of the market which equates to $2 billion in sales. As our distribution network continues to grow, that goal is becoming more and more a reality every day", said CEO of AGR Tools, Inc. and AGR Stone & Tools USA, Inc., Rock Rutherford.
Source: http://www.agrtools.com/