Olie/EnCanSol Retains Bill Kunzweiler As Consultant

VANCOUVER, British Columbia, April 23, 2013 (GLOBE NEWSWIRE) -- Olie Inc. (OTCQB:OLIE) ("Olie" or the "Company") is pleased to announce that it has retained as a "Consultant" Mr. Bill Kunzweiler. This gentleman has already had the opportunity to consider on a preliminary basis, the world-wide rights for the alkaline flat plate battery that has been and is currently being developed by the EnCanSol group, and which is part of the acquisition agreement between Olie and EnCanSol.

Mr. Kunzweiler serves as a strategic advisor for the Warner Babcock Institute for Green Chemistry, which he co-founded. This Institute is a fundamental research organisation and is based in the Boston area. Bill Kunzweiler was the Institute's first CEO and is currently serving on its Board of Directors. The Warner Babcock Institute is dedicated to the development of non-toxic, environmentally benign and sustainable technological solutions.

Mr. Kunzweiler says, "The Worldwide rights respecting the development of the Flat Plate rechargeable alkaline battery is of serious consequence, and the proposed introduction of this rechargeable battery is a potential 'game changer' for the industry. The development of a rechargeable environmentally acceptable flat plate battery, that is competitive, is timely and commercially could have a significant impact." 

Olie, Inc. Safe Harbor Statement

This press release may contain 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. These forward-looking statements are based on the current plans and expectations of management are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange or regulatory organization in Canada accepts responsibility for the adequacy or accuracy of this release.
CONTACT: Robert C. Gardner         Phone: 604 669-9000         E-mail: robertgardner@telus.net