Reno, July 16, 2013 -- Eagle Oil Holding Company (Trading Symbol: EGOH) announced the resignation of its President/CEO, Brian Wilmot, and the appointment of a new director, Connie Helwig, a former executive of the company.
Ms Helwig will become the new CEO effectively immediately. Brian Wilmot states the following, ?Although we were engaged in efforts to achieve profitability for the Company, it was not going to occur soon enough to maintain viability in the market. After careful consideration and discussions, Eagle Oil Holding Company determined the best way to advance shareholder value was with a new management team that brought new possibilities. Ms. Helwig has additional plans to expand the Company into new oil fields.?
Ms. Helwig states the following,"As a condition of my appointment as the only director, I have vended in a lease located in Venango County, Pennsylvania. This asset will be developed by the company in an effort to enhance shareholder value. In the short term, I will be revamping the company's website with new contact information and with a goal of making it more reflective of the company's current asset and focus. I have also hired a consultant to assist me in all corporate affairs including, but not limited to, debt settlements and the lease development. Furthermore, I will be withdrawing my lawsuit against the Company."
Further details of the expansion and other plans will be forthcoming in
future news releases. New contact information will be provided shortly.
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.
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