Exxe Group Inc (AXXA)

[L&R Entertainment LLC]

VANCOUVER, British Columbia, Dec 04, 2013 (GLOBE NEWSWIRE via COMTEX) -- Olie Inc. (OTCQB:OLIE) President, Robert Gardner, is pleased to announce that further to Olie Inc.'s investment from Hi Score Corporation announced November 15, 2013, Olie Inc. will be receiving another investment of $150,000 in Convertible Preferred Stock, this time from Telecorp Inc. This represents 60,000 restricted shares, priced at $2.50 per share, convertible at par value upon maturity. Telecorp Inc. is trading on the OTC (PINKSHEETS:TLNUF).
Robert Gardner states, "Telecorp Inc. will be pursuing a full audit before filing a Form 10 with the SEC to become a reporting issuer. We will, as is our custom, obtain an independent valuation on the securities so that we can assess the face value and convertible value, should we wish to exercise the option in the future to convert this security upon maturity. This investment again allows us to book the transaction on our balance sheet, and accordingly follow our mandate of building our net stock holders equity."