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Olie Inc. Announces 'Mitch Stone Essentials' MOU

VANCOUVER, British Columbia, May 23, 2013 (GLOBE NEWSWIRE) -- Olie Inc. (OTCQB:OLIE) ("OLIE") is pleased to announce that it has now entered into a Memorandum of Understanding with WhiteHall IV, LLC (WIV), and Phoenix PMX LLC (PPMX). WIV is the owner of "Mitch Stone Essentials" a company dedicated to providing healthy and environmentally friendly products to the hair care industry. Mitch Stone himself is an internationally recognized personality and past Academy Award winner. His work is found in the movie and television industry, and the top model runways. Recently he produced a line of hair products which received unprecedented acceptance.

OLIE is intending to fund "Mitch Stone Essentials" by providing working capital for the production of its hair care line of products. OLIE's objective is to supply these "high end" Mitch Stone products to one of the largest salon retailers in the world.

Olie Inc. Safe Harbor Statement

This press release may contain 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. These forward-looking statements are based on the current plans and expectations of management are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange or regulatory organization in Canada accepts responsibility for the adequacy or accuracy of this release.

Website: www.mitchstonehair.com

CONTACT: Robert C. Gardner Phone: 604 669-9000 E-mail: robertgardner@olieinc.caSource:Olie, Inc.