(EGOH:OTC) Eagle Oil Holding Company’s CEO Pablo L. Nieto, Jr. states,”In order to clean up our Balance Sheet we have brought all the off-balance sheet items forward and identified any loose ends and brought them forward too. We are taking the hit this year because we expect our performance in the coming year to positively impact our bottom line. In particular, we are continuing our plan to monetize the numerous MOUs and LOIs obtained by Pure Mobility International Inc. These will be accretive to the $14MM of annual revenue we expect from Turks & Caicos, $30MM from the Bahamas and $30MM+ from Guinea. In support of these plans, we have been working closely with venture capitalists, and investment bankers and expect to close soon on significant funding from these and other sources that will enable us to deliver on these contracts around the world. In their white paper, TBR, Inc. recognized that we have market leading technology and a well-defined business plan for achieving significant market penetration and revenue yield.”
For more information about Pure Mobility International Inc, please visit their website at http://www.puremobilityintl.com
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This press release contains forward-looking information within the meaning of section 27A of theSecurities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Eagle Oil Holding Company Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Eagle Oil Holding Company, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.