Petrolium Oil Alliance Inc. Buys Controlling Interest in CybeRecord Inc.
12 November 2008 - 2:35PM
Marketwired
Petrolium Oil Alliance Inc., regional Dubai office, announced that
on July 09, 2008 the company has purchased the controlling interest
in the amount of 100,000,000 million restricted shares of common
stock in CybeRecord, Inc. (PINKSHEETS: CYRD), a Delaware
corporation. On August 27, 2008 a name change was filed with the
Delaware Secretary of State changing CybeRecord, Inc., name to
PetrOil Inc. On September 04, 2008 a new CUSIP #: 71649V 109 was
issued and the company now awaits its new Trading Symbol.
Petrolium Oil Alliance Inc. acquired CybeRecord Inc. in order to
bridge the US markets with its marketing conduit for its Middle
Eastern and African projects. Executive Vice President of Middle
East and African Affairs Mr. Farouq Kamel Al Azzeh states, "Now
that the transaction is complete, the company may further pursue
the African and Middle Eastern markets and expand on the
undeveloped African Markets."
PetrOil Inc. has no plans to raise the authorized capital of the
company or issue additional shares. The company's goal is to update
the financial records and comply with Pink Sheet disclosures. The
company is in the process of launching a new website and will keep
shareholders apprised of major announcements and developments.
About Petrolium Oil Alliance Inc: Petrolium Oil Alliance Inc. is
an IBC with its representation office in Dubai, U.A.E. specializing
in oil distribution and other related petroleum, gas and energy
industries.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains statements, which may
constitute "forward-looking statements" within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
Those statements include statements regarding the intent, belief or
current expectations of Petrolium Oil Alliance Inc., and members of
its management as well as the assumptions on which such statements
are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include, but are not limited to, fluctuation of
operating results, the ability to compete successfully and the
ability to complete before-mentioned transactions. The company
undertakes no obligation to update or revise any forward-looking
statements.
CONTACT: Petrolium Oil Alliance, Inc. Marcel Diab Administrative
Services Tel: +971 4 509 6717
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