Olie Inc. Concluding Debt Assignment Plan in Alaska Energy
January 13 2014 - 7:05AM
Olie Inc. (OTCQB:OLIE) (Olie) President, Robert Gardner, is pleased
to announce that the negotiations with the non-disclosed and
non-affiliated cash note holder in Alaska Energy Corporation
(Alaska Energy) (PINK SHEETS:ASKE) to purchase and assign a nominal
amount of their aged debt, is now concluded. Olie has now purchased
part of this matured, secured debt. Olie remains intent upon
converting that part into common shares which it will either sell
or book as equity on its own balance sheet.
Robert Gardner, President of Olie states, "Since the initial
disclosure of Olie's intent on November 26th, 2013 to negotiate and
acquire this partial assignment, we have now completed our due
diligence and are currently executing the documentation to proceed
with the transaction. This is the integral step towards our
intention to create a cash dividend for our stockholders, pending
FINRA approval, by the second quarter of 2014."
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