Ramoil Management, Ltd. (OTC:RAMO) Groupe Concorde Developments, Inc. on Romania ALF Updates & Developments

FORT LAUDERDALE, Fla., May 31, 2011 /PRNewswire/ -- GROUPE CONCORDE DEVELOPMENTS, INC. (GCD), would like to share more information and announce more updates regarding the AFLs under development in Romania.

Dragos Andrei Carp

Dragos Andrei Carp, has been an employee of Groupe Concorde Developments Inc since March 2010.  Mr. Carp has obtained all permits for the first ALF – Sisesti.  Effective immediately, Mr. Carp will assume direct charge and developmental control of the first ALF in Sisesti, Romania.  Mr. Carp's duties will be to oversee and supervise the development in Sisesti along with identifying the locations for the next facilities. Sisesti topographic and pre-development measurements are to begin June 8, 2011.

The Final ALF Contract

All final development figures have been negotiated with the owners of the project for all ALF and Nursing Home Facilities across Romania (EUR 250 million) so that the binding MOU will be signed on either May 31st or June 1st, 2011.  Also, on the same day, all final costs will be finalized with the material suppliers and contractors so that a more accurate profit margin can be reported. Presently, GCD has a realized environmental foot print of only 6% by using Light Gauge Steel frame and Light Geopolimer Crete construction materials.  More GREEN technologies are expected to be employed in this development and this 6% figure may be reduced.

All projects listed above will be subsidized and supported by both the Romanian Government and European Union (E.U.).

Mr. Alex Taranu, Groupe Concorde Development's President and CEO is quoted as saying, "We are finally at the closing table on this our 1st development project together with our new parent company Ramoil Management.  I look forward to signing the final contract in the coming 24 to 48 hours and will be reporting all completed contract to our shareholders in detail by the end of this week or early next week."

About Groupe Concorde Developments, Inc.

Groupe Concorde Developments Inc. ("GCD"), of Fort Lauderdale, FL, has been in operation here in America since 2007 and in Europe as Concorde Groupe, GmbH since 2005.  GCD has solar energy, wind energy and waste to energy projects already under contract, with Power Purchase Agreements (PPAs) also already negotiated and signed, on Government Projects, backed by the European Union (E.U.) in Romania and Bulgaria.  Beyond this, GCD also has an "up to" 250 bed Environmentally Friendly, Green Assisted Living Facility (ALF) already Romanian Government and E.U. approved for development.  This Green Friendly ALF concept is also under consideration for implementation in Florida and Arizona as well.

Each of these projects will be substantially underwritten by E.U. subsidies, of which, the granting of these subsidies, so long as all requirements and prerequisites are met, like the purchase of green energy in Europe, under E.U. Law, is a "Matter of Law".

About Ramoil Management, Ltd.

About Us Statement: Ramoil Management, Ltd. (RAMO), soon to be Enviro|Tech Capital, Ltd., is a development stage capital company, focusing on green energy projects, asset management and other niche technologies temporarily headquartered in Long Beach, California.  Ramoil's present strategy is to identify buy-out and/or merger opportunities in the "Green / Renewable Energy Sector" and "Niche Technologies Sector" which will immediately impact and grow our asset and revenue base.  Through our world-wide network of Brokers and Scientists we already have one and possibly more such projects identified and are working through the due diligence process on each of these projects.

Forward Looking Statements

This news release contains forward-looking statements made by RAMOIL MANAGEMENT, LTD. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.

Company and Investor Relations Contact:
Mr. David Reiter at 323-952-3754
[email protected]

SOURCE Ramoil Management, Ltd.

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