DALLAS, Aug. 16, 2006 (PRIMEZONE) -- StockGuru.com has issued a Profile Report on Elgrande International, Inc. (OTCBB:EGDI). The report is authored by Shailesh Dhuri, CFA and Senior Financial Analyst for Pentony Enterprises. The report discusses the Company's growth strategies and the market place in which it operates.
Mr. Dhuri issues the following conclusion in the report:
"Elgrande through its wholesale distribution division European Sources Direct (ESD) procures export quality products from Europe based manufacturers and sells these products to approximately 650 customers including independent retailers and national key operators in the tabletop industry. The customers of Elgrande have their presence in over 1,100 retail locations.
"Elgrande, along with artists and manufacturers, designs and produces a series of limited edition products for sale to the customer base of ESD. The limited edition of products enables Elgrande to have a commanding position for keeping the sales line much ahead of the market curve.
"Elgrande is adopting business strategy for expansion of product line such that the new products are complementary to the existing product line, thereby utilizing existing infrastructure and technology with little additional overheads."
To view the complete Profile Report authored by Shailesh Dhuri, please visit:
http://www.stockguru.com/profiles/egdi/report.php
To view the StockGuru.com Profile for Elgrande International, Inc., please visit:
http://www.stockguru.com/profiles/egdi/index.php
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This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Risk factors include lack of inventory financing, foreign currency fluctuations, availability of product, uncertainty concerning market acceptance of its products, competition and other risk factors as outlined in the Company's SEC filings.
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