Olie Inc. Confirms Hi Score to File With FINRA as Subsidiary of Olie
January 02 2014 - 7:05AM
Olie Inc. (OTCQB:OLIE) (Olie) President, Robert Gardner, is pleased
to confirm that it has completed final negotiations with Hi Score
Corporation, (OTC PINK:HSCO) (Hi Score) for Hi Score to become a
wholly owned subsidiary of Olie. Hi Score and its stockholders will
be acquired by Olie in exchange for anti-dilutive convertible
preferred stock of Olie. Final acquisition documents are currently
being processed, and will include the purchase price that is
subject to an accounting formula. Hi Score will file a corporate
action with FINRA, ten days prior to the planned closing, to become
a wholly owned subsidiary of Olie.
Robert Gardner, President of Olie states "On December 19th 2013
we announced our general intent, and this has now developed. The
proposed acquisition will greatly enhance the 'asset' profile of
Olie. Our New Year resolution is to singularly concentrate on rapid
and positive development of our assets and cash position."
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