LOS ANGELES, CA--(NewMediaWire - Aug 9, 2017) - Black Stallion
Oil and Gas, Inc. (OTC PINK: BLKG) (the "Company," "Black
Stallion"), a company that has determined to add additional revenue
streams through strategic relationships with innovative companies,
has signed a Letter of Intent ("LOI") with Active Lab
International, Inc. ("Active Lab"), to enter into a licensing and
distribution agreement for various products of Active
Lab.
The licensing and distribution agreement requires Black Stallion
to provide the marketing and sales platforms, as well as various
administrative functions, for Active Lab.
Active Lab will use Black Stallion's services to further launch
its existing products, incorporating its proprietary
CitrusDefence™, as well as Active Lab's recent addition to its
product line, Synapset™. CitrusDefence™ products are for
household and personal care. Synapset™ is currently being sold
in Canada, where it was developed as a cognizant enhancer for
people. Canada's Health Services, equivalent to the United
States Food and Drug Administration ("FDA"), as a result of
clinical results, has authorized the product for distribution with
claims that Synapset™ has shown positive attributes in regards to
Attention Deficit Disorder ("ADD") and Attention Deficit
Hyperactivity Disorder ("ADHD"). Active Lab will be seeking
the similar authorizations from the FDA. Additional clinical
studies are being performed for other claims.
This agreement with Active Lab serves as a "launching pad" for
the next phase of the corporate strategy that Black Stallion is
seeking to implement. Active Lab, a nutraceutical company with
an online presence, provides a unique opportunity to add
shareholder value as the Company establishes a long-term plan to
address various global market conditions.
"We are pleased that we could come to terms with Active Lab and
set the stage for further growth, diversification, and
expansion. We are particularly excited to work with an
established company that already has an established Internet
footprint, with companies like Amazon," stated Ira Morris, CEO of
Black Stallion. "Our future will follow this strategic
planning whereas the partner, like Active Lab, will receive a
royalty for the licensing and distribution."
About Black Stallion Oil and Gas, Inc.
Black Stallion Oil and Gas, Inc. (BLKG) is an energy based
business that is expanding its offerings to align itself with
companies in various industries.
www.blackstallionenterprises.com
Forward looking statement:
This press release contains certain "forward-looking
statements," as defined in the United States PSLRA of 1995, that
involve a number of risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and the
actual results and future events could differ materially from
management's current expectations. The economic, competitive,
governmental, technological and other factors identified in the
Company's previous filings with the Securities and Exchange
Commission may cause actual results or events to differ materially
from those described in the forward-looking statements in this
press release. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements."
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, the
filing of two additional patents, the growth of the Company's
retail division and the expansion of the company's operations and
product offerings. Actual results could differ from those projected
in any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with developing new products and operating as a
development stage company, our ability to raise the additional
funding we will need to continue to pursue our business and product
development plans, competition in the industry in which we operate
and market conditions. These forward-looking statements are made as
of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements, except as required by applicable law,
including the securities laws of the United States. Although we
believe that any beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that any such beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the
information set forth herein and should also refer to the risk
factors disclosure outlined in the reports and other documents we
file with the SEC, available at www.sec.gov.