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.
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CONTACT: Robert C. Gardner Phone: 604 669-9000 E-mail: email@example.comSource:Olie, Inc.