MESA, AZ - March 24, 2014 - America Greener Technologies Corporation (AGT) (OTCQB: OSLE), a Mesa, Arizona based company offering proprietary process improvement solutions for the power, petrochemical and heavy industrial marketplace, today announced that it has completed a reverse merger with Osler Incorporated, a publicly quoted company whose common stock currently trades under the symbol OSLE on the OTCQB.
Under the terms of the merger agreement, AGT shareholders will be issued a total of 15,000,000 restricted common shares of Osler, and AGT will become a wholly owned subsidiary of Osler and its sole operating subsidiary. Accordingly, Osler's name will subsequently be changed to better reflect the public company's operations, and its common stock symbol will also change. Shareholders will be kept apprised of any name or stock symbol changes. Following the merger, Osler now has a total of 19,005,014 shares outstanding.
Osler President and Director Leo Smith has resigned and been replaced by AGT CEO Mike Boyko, who assumes the office of President and CEO and also becomes a Director. Mr. Boyko is joined by Rick Barbosa, COO, who will also join him as Director, along with Sen. Jim Mack, who joins the Board of Directors.
"We are pleased with our progress as a private company over the past couple of years and believe that this merger will facilitate our ability to grow our business and access capital markets," said Mike Boyko, President and CEO, Osler.
AGT, a subsidiary of Osler Incorporated, is a Mesa, Arizona based company offering proprietary process improvement solutions for the power, petrochemical and heavy industrial marketplace. AGT holds an exclusive long term (30 year) license in North America on Polarchem Cleaning System, which has proven to be safe and effective in improving operating efficiencies at power and petrochemical plants worldwide for the past 45 years, as well as providing substantial pollution control benefits to those industries.
This press release contains forward-looking statements that relate to AGT's plans, objectives and estimates within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as "should," "could," "expects," "may," "plans," or "intends," and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: problems securing the necessary financing to continue operations, problems encountered in commercializing AGT's technology, difficulties experienced in product development, roadblocks experienced in sales and marketing activities and longer than expected project development processes. To the extent permitted by applicable law, AGT makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement.
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SOURCE: America Greener Technologies Corporation