VANCOUVER, British Columbia, Dec. 18, 2013 (GLOBE NEWSWIRE) -- Olie Inc. (OTCQB:OLIE) (Olie) President, Robert Gardner, is pleased to announce that Olie has received a contract of $250,000 in Convertible Preferred Securities from Laredo Resources Corp. Laredo Resources Corp is trading on the OTCQB Markets under the symbol (OTCQB:LRDR). The agreement with Laredo Resources Corporation is for one year and is specifically to help Laredo Resources Corp become an Exchange Listed Company on the NYSE Alter Next.
Robert Gardner states, "We will implement the 'Three Step Plan' that Olie has demonstrably fully embraced. I am also the President of Laredo Resources Corporation (Laredo), and seek to similarly enhance the Net Stockholders' Equity of Laredo. The contract will take advantage of the corporate team and skillset available to Olie. The overall objective is to meet Standard 3 of the NYSE Alter Next listing requirements."
Safe Harbor Statement:
This release may include "forward looking statements" within the meaning of Section 27 A of the Securities Act 1933 as amended, and Section 21 E and /or 27 E of the Securities Exchange Act of 1934, that are based on assumptions that in the future are inherently uncertain, may prove not to be accurate, and are subject to significant risks and uncertainties. These include, but are not limited to statements as to the future performance of the company, its ability to raise necessary financing, and other general economic risks and uncertainties.