OELC, LLC entered into a share exchange agreement to acquire Alas Aviation Corp. (OTCPK:ALAS) in a reverse merger transaction on December 31, 2013. Under the terms of the transaction, Alas Aviation will issue 33 million fully paid non-assessable shares. Pursuant to the transaction, Alas Aviation will hold 100% of the financial and governance rights of OELC. Following the closing of the transaction, Alas Aviation intends to continue OELC historical businesses and proposed businesses. Alas Aviation name will be changed to Excellux, Inc. CUSIP number and our trading symbol for common stock will also change. Frank Dreschler, sole Director and officer of Alas Aviation intends to resign post the transaction. The transaction is subject to regulatory, stockholder approval of Alas Aviation and OELC, other third party consents, permits, approvals and authorizations necessary and approval of Alas Aviation's Board of Directors, Alas Aviation shall deliver letters of resignation of its current officers and Directors. Peder K. Davisson of Davisson & Associates, PA acted as legal advisor to Alas Aviation.

OELC, LLC completed the acquisition of Alas Aviation Corp. (OTCPK:ALAS) in a reverse merger transaction on January 27, 2014.