NEW YORK, Aug. 8, 2012 /PRNewswire/ -- Eagle Oil Holding
Company (Trading Symbol: EGOH) is pleased to provide an update and
overview regarding the reverse merger with InPlays Sports Corp.
Andrew Barwicki, CEO of InPlays
Sports Corp. commented, "I am pleased to provide shareholders with
an update on the reverse merger. Brian
Wilmot and I are working together to ensure this reverse
merger is done properly by taking into consideration all options
and we are steadfast to ensuring this reverse merger benefits all
shareholders. Throughout this entire process, most importantly the
last 30 days, Brian and I have discussed numerous options as
related to the reverse merger, and I am pleased to state that our
primary concern is shareholders."
- Eagle Oil Holding Company and InPlays Sports Corp will enter
into a reverse merger agreement in which InPlays Sports Corp will
be the surviving entity.
- The reverse merger is expected to close on or about
September 17, 2012.
- Eagle Oil shareholders will become owners of InPlays Sports
Corp.
- The Siler Property will be spun out into a private entity in
which InPlays Sports Corp will own a minority interest in.
- InPlays Sports Corp. will assume Eagle Oil Holding Company
debt.
- A conference call will occur on or about September 10, 2012 in which Andrew Barwicki, CEO of InPlays Sports Corp and
Brian Wilmot, CEO of Eagle Oil
Holding Company present and discuss the specifics of the reverse
merger. More importantly, Mr. Barwicki and Mr. Wilmot will answer
shareholder questions.
Forward- Looking Statements
Safe Harbor Statement: This press release contains
forward-looking statements that reflect the Company's current
expectation regarding future events. Actual events could differ
materially and substantially from those projected herein and depend
on a number of factors. Certain statements in this release, and
other written or oral statements made by Eagle Oil Holding Co. and
InPlays Sports Corp are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. You should not place
undue reliance on forward-looking statements since they involve
known and unknown risks, uncertainties and other factors which are,
in some cases, beyond the Company's control and which could, and
likely will, materially affect actual results, levels of activity,
performance or achievements. The Company assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future. Important factors that could cause actual results to differ
materially from the Company's expectations include, but are not
limited to, those factors that are disclosed under the heading
"Risk Factors" and elsewhere in documents filed by the Company from
time to time with the United States Securities and Exchange
Commission.
Contact Information:
Andrew Barwicki
andrew@inplays.com / 516-670-9083
SOURCE Eagle Oil Holding Company