Olie Inc. Negotiates to Purchase UCP Holdings Inc.
December 20 2013 - 7:05AM
Olie Inc. (OTCQB:OLIE) (Olie) President, Robert Gardner, is pleased
to announce that it is has commenced negotiations to complete an
acquisition and roll up of UCP Holdings (OTCQB:UCPH) (UCP) as a
wholly owned subsidiary of Olie. The transaction will be for
Convertible Preferred C Stock of Olie. Final acquisition documents
will be completed once the due diligence review has completed its
forensic analysis of UCP.
Robert Gardner, President of Olie states, "Again, an acquisition
of another publicly traded company is rarely accomplished in the
micro-cap market, but because of the preferred instruments, all
doors are open. We are specifically looking for Issuers with low
debt to equity ratios and companies with assets on their audited
financial statements. We then are able to consolidate in Olie's
financial statements. UCP has substantive equity, very little debt,
and great potential in its ability to attract private companies
wishing to go public."
Safe Harbor Statement:
This release may include "forward looking statements" within the
meaning of Section 27 A of the Securities Act 1933 as amended, and
Section 21 E and /or 27 E of the Securities Exchange Act of 1934,
that are based on assumptions that in the future are inherently
uncertain, may prove not to be accurate, and are subject to
significant risks and uncertainties. These include, but are not
limited to statements as to the future performance of the company,
its ability to raise necessary financing, and other general
economic risks and uncertainties.
CONTACT: Robert C. Gardner, President
Phone: 604 669-9000
E-mail: robertgardner@olieinc.ca
Website: www.olietech.com