Feb 9 2010
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 welcomed a new dealer to its growing list of North American distributors. Based in Buffalo and serving a large portion of Western New York, the new dealer will be able to service the region's general contractors, granite fabricators, concrete contractors, stonemasons, tile contractors, and other construction professionals. With a population of approximately 1.5 million and a multi-million dollar diamond tool market, the addition of the Western New York territory represents the next step in the company's North American expansion strategy.
AGR Stone & Tools USA, Inc.'s entry into the Western New York market will be instrumental in achieving the objectives the company has outlined for 2010 and 2011. The market adds to the growing list of its distribution centers throughout North America and is the latest of 25 distributors in 17 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," commented Rock Rutherford, the CEO of AGR Stone & Tools USA, Inc.
Source: http://www.agrtools.com/