Shell Collector's Alert

[prado]

OOLN blank checks company 8K received July 28 changes shell status and shows the company moving forward.

Item 5.06 Change in Shell Company Status.

Oasis Online Technologies Corp ceased to be a shell company as of July 18, 2010 as a result of obtaining over $1,000,000 in debt financing and the contracting of the development team that is building our platform technology. Management believes that the Company is not a shell corporation as that term is defined in Rule 405 of the Securities Act of 1933, as amended and Rule 12b-2 of the Exchange Act of 1934, as amended.

Item 8.01 Other Events.


Between May 21, 2010 and June 15, 2010 the Company entered into several contracts with consultants and other programming professionals to provide consulting services and to develop the Company’s platform technology which will be used by the Company to deliver its health and wellness products to its customers.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7376534