EGOH News Eagle Oil Holding Company Announces Agre

EGOH News Eagle Oil Holding Company Announces Agreement to Reverse Merge With InPlays Sports Corp.

2012-07-05 09:30 ET - News Release

NEW YORK, July 5, 2012 /PRNewswire/ -- Eagle Oil Holding Company (OTC: EGOH) is pleased to provide a corporate update by announcing that the company has entered into discussions regarding a reverse merger with InPlays Sports Corp.

Brian Wilmot, President and Chief Executive Officer of Eagle Oil Holding Company stated, "Although we are in the early stages of discussions and negotiations, I am pleased to provide to Eagle Oil shareholders a corporate update and information regarding the future of the company. Over the last 6 years Eagle Oil has made numerous attempts to begin workovers  to generate revenues and profit on the Siler property in Texas, all of which would've increased shareholder value, however, the economic climate, combined with the difficulty in raising capital and finding partners to put the property into production has made our efforts very difficult."

"After careful consideration and discussions, Eagle Oil Holding Company is entering into a reverse merger agreement with InPlays Sports Corp. I am pleased to provide details regarding the reverse merger process in this press release. We will issue additional press releases as timeframes are determined and final details are concluded. We will also have a conference call within the next 2-months to answer any questions you may have. Details regarding the conference call will be issued accordingly."