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Eagle Oil Holding Company Provides Update Regarding Reverse Merger with InPlays Sports Corp.
NEW YORK, Dec. 21, 2012 /PRNewswire via COMTEX/ -- Eagle Oil Holding Company (Pink Sheets: EGOH) remains committed to the reverse merger agreement with InPlays Sports Corp., however, due to InPlays headquarters being located at 110 Wall Street in New York City, the reverse merger must be postponed.
Due to the InPlays Sports Corp. headquarters being located in an area that was severely damaged by Hurricane Sandy, management of Eagle Oil Holding Company and InPlays have agreed to postpone the closing of the reverse merger.
Andrew Barwicki, CEO of InPlays Sports Corp., stated, "We remain committed to the closing of the reverse merger, however, due to our entire office building being without power, we must postpone the closing. All of our documents, including legal documents regarding this reverse merger are in the office. This is a very unfortunate setback, but one that will not deter us from proceeding. As of today, we cannot provide a closing date, but I can assure all Eagle Oil shareholders and InPlays shareholders that we will use a best effort basis to complete the reverse merger as soon as possible."
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.
Contact Information:
Andrew Barwicki andrew@barwicki.com / 516-670-9083
SOURCE Eagle Oil Holding Company
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Copyright (C) 2012 PR Newswire. All rights reserved
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KEYWORD: New York
Texas
INDUSTRY KEYWORD: FIN
UTI
OIL
SPT
