Interline Resources Corp. Announces Intention to File SEC Regulation A Offering

SALT LAKE CITY--(BUSINESS WIRE)--

Interline Resources Corp. (OTC Pink: IRCE), a Utah corporation, today announced through its Board of Directors that it is currently preparing a Regulation A filing statement for submission to the Securities and Exchange Commission (SEC). The offering, subject to market, valuation and business conditions, and other prevailing factors, is anticipated to be for 10 million shares of Regulation A qualified common stock to be offered at between $0.15 to $0.20 per share, not to exceed two million dollars. The planned offering will be subject to review and qualification by the SEC.

If the offering is consummated, the net proceeds from the offering would be used for development and operating capital, ongoing research and development efforts, and general corporate purposes.

A Regulation A offering is an exemption from the registration requirements mandated by the Securities Act, applicable to small public offerings of securities that do not exceed $5 million in any 12-month period.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the shares, nor is it a solicitation of interest from a prospective investor. No sales of securities or commitments to purchase will be made until qualification of an offering circulation after SEC review. No consideration will be accepted until the time of such qualification. No offering will be made or sought by the Company until the filing of an offering circular with the SEC. The timing and making of any offering thereafter shall be solely at the Company's discretion.

Forward-Looking Statement

This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.