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.
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SOURCE Eagle Oil Holding Company