Vancouver, British Columbia--(Newsfile Corp. - December 23, 2013) - Olie Inc. (OTCQB: OLIE) (Olie) President, Robert Gardner, announces an emphasis in its 2014 Action Plan. In summary:
1) Olie purchases aged non-affiliate debt;
2) provides corporate advisory services, including corporate restructuring of client issuers;
3) consolidates compounding derivative liabilities;
4) issues stock dividends subject to FINRA approval;
5) retains PCAOB accounting firms to complete audits on pink sheet companies;
And now:
6) Olie will seek to acquire the issuers & their shareholder base as wholly owned subsidiaries, in exchange for anti-dilutive convertible preferred stock and management appointments within Olie.
Robert Gardner, President of Olie states, "The inherent value to the shareholders of Olie is that the shareholder base expands demonstrably as new companies are acquired. These companies will be audited, with low debt to equity ratios, and cash and/or assets on their own balance sheets. Olie's accounting team in conjunction with its auditors will file Condensed Consolidated Financial Statements. In this manner we plan to accelerate net stockholders equity.
William White, CEO of Hi Score Corporation, (PINKSHEETS: HSCO) a planned subsidiary of Olie states "We believe that domestic Pink Sheet companies need to become SEC filers; the inherent problem for many small companies is they don't have enough money to run their companies, pay for audits & properly disclose. The opportunity to join something larger than ourselves like Olie and retain ownership, without continuing large overhead costs of remaining a fully reporting issuer, is extremely attractive. The Pink Sheets, private companies or OTCQB issuers that become wholly owned subsidiaries, continue to own their own assets exclusively, because each company is acquired with its own class of convertible preferred stock. This opens the door for subsidiaries to acquire their own value & equity, using subsets of just their class of convertible preferred stock, without incurring the costs of consolidating the value on separate financial statements."
Safe Harbor Statement :
This release may include "forward looking statements" within the meaning of Section 27 A of the Securities Act 1933 as amended, and Section 21 E and /or 27 E of the Securities Exchange Act of 1934, that are based on assumptions that in the future are inherently uncertain, may prove not to be accurate, and are subject to significant risks and uncertainties. These include, but are not limited to statements as to the future performance of the company, its ability to raise necessary financing, and other general economic risks and uncertainties.
Contact: Robert C. Gardner, President
Phone: 604 669-9000
E-mail: robertgardner@olieinc.ca
Website: www.olietech.com
