Eagle Oil Holding Company Provides Update Regarding Reverse Merger
with InPlays Sports Corp.
NEW YORK, Dec. 21, 2012 /PRNewswire/ -- Eagle Oil
Holding Company (Pink Sheets: EGOH) remains committed to the
reverse merger agreement with InPlays Sports Corp., however, due to
InPlays headquarters being located at 110 Wall Street in
New York City, the reverse merger
must be postponed.
Due to the InPlays Sports Corp. headquarters being located in an
area that was severely damaged by Hurricane Sandy, management of
Eagle Oil Holding Company and InPlays have agreed to postpone the
closing of the reverse merger.
Andrew Barwicki, CEO of InPlays
Sports Corp., stated, "We remain committed to the closing of the
reverse merger, however, due to our entire office building being
without power, we must postpone the closing. All of our documents,
including legal documents regarding this reverse merger are in the
office. This is a very unfortunate setback, but one that will not
deter us from proceeding. As of today, we cannot provide a closing
date, but I can assure all Eagle Oil shareholders and InPlays
shareholders that we will use a best effort basis to complete the
reverse merger as soon as possible."
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@barwicki.com / 516-670-9083
SOURCE Eagle Oil Holding Company