Vancouver, British Columbia – September 12, 2008 – Petrol One Corp. (the "Company") (CNQ Exchange: PONE) announces that it has appointed Secular Bull, of Vernon, British Columbia, as the Company’s investor relations consultant. Ron Kolman is the principal of Secular Bull. Pursuant to the arrangements made with Secular Bull, the Company will pay $12,000 per month during the term of the contract. A final form of contract is being prepared.
As part of the arrangement with Secular Bull, Chris Parent, a director of the Company, has granted to Secular Bull an option to acquire his 1.5 million shares which Mr. Parent could acquire on exercise of options, for the same price as the option exercise price. The exercise price for Mr. Parent’s options is $0.80, so Secular Bull may acquire those shares upon exercise by Mr. Parent at that same price from him.
The Company further announces that it has granted an additional 1,500,000 options to Chris Parent, the Company’s President and director. The options may be exercised for a term of 5 years at a price of $1.25. Mr. Parent now has 3,000,000 options, half exercisable at $0.80 which are optioned to Secular Bull, and half of which are exercisable at $1.25. In effect, Mr. Parent is giving up his rights to the $0.80 options and those options are being replaced by $1.25 options. For a more complete business and financial profile of the Company, management encourages interested parties to view the Company’s documents posted on www.sedar.com.
For more information please contact:
Dan Power
Director
Petrol One Corp.
Phone: 604.642.6123
Fax: 604.642.6126
Email: dan@petrolone.com
www.petrolone.com
Not for distribution in the United States or through United States wire services.
The CNQ has neither approved nor disapproved the information contained herein.
Forward-Looking Information:
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward looking statements in this news release include that we will sign a final agreement with Secular Bull. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. Further, we may not be able to reach agreement on key terms of an investor relations agreement.
The forward-looking statements contained in this news release represent the Company's expectations as of the date hereof, and are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations
