Green Stream Holdings Inc (GSFI)

[PennyHoper]

NEWS (but not chart-busting news).

( EGOH ) Eagle Oil Holding Company Inc.'s (EGOH:OTC) CEO Provides Update on Relationship With Sweratel

3 minutes ago - DJNF
RENO, NV / ACCESSWIRE / August 28, 2015 / Pablo L. Nieto, Jr., CEO of Eagle Oil Holding Company, Inc. (PINKSHEETS: EGOH) wishes clarify the status of Eagle's relationship with Sweratel AB. Mr. Nieto states the following, "Our relationship is solid but changed and we are very much in the business of deploying high-speed wireless networks based on their technology. Sweratel recently announced that they had terminated our Exclusive Value Added Distributor (VAD) agreement. We do not dispute this fact. That agreement required us to make certain payments by a specified time. Since our capital raise plan has not been completed, we were not in a position to make those payments. Nevertheless, Sweratel has issued a statement clearly stipulating that we may still purchase the Sweratel product-line. Moreover they will continue to support us on a project by project basis as set forth in the statement letter."

"It is our expectation that once we have completed our recapitalization, we will proceed with numerous projects on our roster, as I have previously disclosed. As we do that, we expect to petition Sweratel to negotiate a new agreement."

Eagle Oil Holding Company Inc.'s (PINKSHEETS: EGOH) wholly-owned, Pure Mobility, subsidiary will then announce contracts to install its networks in a number of locations in the U.S. as well as offshore that are expected to yield significant revenues for years to come."

For more information on Pure Mobility International Inc., please visit our website:

http://www.puremobilityintl.com/

Updates will be forthcoming. Shareholder inquiries are only to be sent to the following email address:

[e-mail]

Legal Notice Regarding Forward-Looking Statements:

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Eagle Oil Holding Company Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Eagle Oil Holding Company Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.

SOURCE: Eagle Oil Holding Company, Inc.

(END) Dow Jones Newswires

August 28, 2015 15:50 ET (19:50 GMT)