GRANDE PRAIRIE, AB--(Marketwire - May 5, 2010) - GRIT International Inc., "GRIT" (FRANKFURT: 3GR1) (PINKSHEETS: GRIG) announces the signing of two (2) Letters of Intent (LOI) for an aggregated sum of $17.0 Million. Both LOIs is a combination of stock, institutional financing, vendor take-back, and capital raised. The two (2) acquisitions will increase GRIT's annual income to be projected at $15.0 Million.