RENO, Nev., April 16, 2013 /PRNewswire/ -- Eagle Oil Holding
Company, Eagle, (Trading Symbol: EGOH) is declaring a cancellation
of all discussions concerning the company's planned merger with
InPlays Sports Corp.
Brian Wilmot, President and CEO
of Eagle stated, "Mr. Barwicki stated that I had resigned as
President and CEO, but that was not true. Mr. Barwicki made many
commitments to enact the merger, but failed to complete any of his
pledges. InPlays Sports/Barwicki was unable or unwilling to
complete the transaction and provide firm shareholder and creditor
protections in the agreement, without which Eagle could not
proceed. Too many variations of the original concept was just not
credible."
After reviewing all of the information, misrepresentations and
changes in the various offers, (4) Eagle Oil Holding Company
canceled the agreement with InPlays Sports Corp. Eagle plans to go
back to its oil production and technology roots and begin a new
period of growth.
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:
Brian Wilmot
(209) 736-4854
SOURCE Eagle Oil Holding Company