Drucker, Inc. - Corporate Update

This press release includes certain forward looking statements which reflect beliefs, expectations, objectives and goals which are believed to be reasonable at the time such statements are made.  Actual results could differ materially from anticipated results and may be impacted upon such factors as commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation amongst other things.

VANCOUVER, Oct. 21, 2013 /CNW/ - Drucker, Inc. (the "Company") announces that it has entered into a Letter of Intent ("LOI") with OfferAll lnc. of 8491 Sunset Blvd., Suite 227 Los Angeles, CA 90069 ("OfferAll") and that company's shareholders to acquire all of the issued and outstanding shares of OfferAll. OfferAll is a private company that provides a digital, wireless link between a mobile device and a merchant's in house loyalty program and/or credit card creating further marketing potential for the merchant.

The Company and OfferAll are completing the due diligence review of each other prior to executing a formal agreement or terminating the LOI. As a result, audited financial statements are being finalized. Should either party terminate the LOI there will be no further obligation one to the other.

The Company further announces the approval of the issuance of common stock from treasury by the Company at a shareholders meeting held October 9, 2013. Subject to applicable regulatory approval, the Company approve the issuance of 16,806,000 common shares of the company in settlement of debt in the amount of $145,934 owing to the President of the Company, and issue 3,000,000 common shares for finder and consultant fees. It is further resolved to reverse split the common shares of the company on a 1.593:1 (1 new share for each 1.593 old shares) basis subsequent to the issuance of the aforementioned shares, and the approval of the acquisition of OfferAll Inc in a reverse takeover by way of an ordinary resolution approving the issuance of 197,000,000 common shares and 10,000,000 preferred shares to acquire OfferAll Inc. Each preferred share will be nonvoting and convertible to ten common shares (10 common for 1 preferred).

At the shareholders meeting the Company reappointed Gerry Runolfson and appointed Gary Hall as directors of the Company. Mr. Hall has been instrumental in building MyLife.com where he is an active share holder (58M Members) and is President of Pringo (first enterprise white label social network platform) with 15 years Internet and social media experience.

Drucker's CEO, Gerry Runolfson, says "The Company is pleased to report that it held its annual meeting on October 9, 2013 and all items on the agenda were approved by the shareholders. The Company is doing the due diligence on a company called OfferAll. OfferAll is involved in marketing loyalty programs to consumers from various large companies by way of mobile devices such as smart phones and ipads, by means of an app. The company has signed a letter of intent subject to completion of its due diligence. Should the company close on this transaction, Drucker Inc, will be renamed OfferAll and this will result in a reverse takeover".


"Gerry Runolfson"
Gerry Runolfson, President

SOURCE: Drucker Inc

For further information:

Gerry Runolfson, Tel: 604 687 2555, Fax: 604 681 4355

Profil de l'entreprise

Drucker Inc

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