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Oil Optimization Inc.

11:35 AM EST - Oil Optimization Inc. : announced that the lawsuit commenced against the Company by its former legal counsel in the Ontario Superior Court of Justice in relation to its alleged outstanding legal accounts has been discontinued. The Company understands that its former legal counsel instead intends to submit its accounts to an Assessment Officer in Ontario to have the reasonableness and fairness of its accounts determined. Oil Optimization Inc. shares V.OOI are trading unchanged at $0.02.