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We just need a vehicle to realize our potential, and OLI is that vehicle.
Pay OLI Public USD$150,000 under the condition that OLI Public also raises USD$150,000 to meet its obligations as a result of the agreement;
Immediately assume the ongoing operating expenses and staff for OAPL, significantly reducing the monthly expenditures at OLI Public; and,
Commence an independent company valuation of OLI Public and OAPL;
The obligation for OLI Public to raise USD$150,000 is a requirement for Branksome to release its USD$150,000 to OLI Public.
OAPL now has the corporate and financial structure in place to continue the marketing and sales effort required without compromising the financial state of OLI Public.
OLI has built a large thermodynamic databank that covers most of the periodic table of elements.
Both Hyprotech and OLI Systems' software is used by major companies in the oil & gas production, gas processing and refining industries for the design of chemical processes worldwide, including Dow, Bechtel, DuPont, Mitsubishi Chemicals, Monsanto and UOP.
OLI Systems is the leading provider of software for aqueous-based chemical systems for the Chemical Process Industries.