New Asia Holdings Inc (NAHD) Announces Closing of Asset Purchase Agreement with Taylor Consulting (TAYO)

New Asia Holdings/Olenox Corp. Acquires Texas Pipeline Assets for $1,600,000 in Common Stock

Electra, Texas, Aug. 13, 2024 (GLOBE NEWSWIRE) — New Asia Holdings Inc./Olenox Corp. (“NAHD” or the Company) (OTCQB: NAHD), announces that it has acquired 162 miles of pipeline in Texas from Taylor Consulting (OTC:TAYO). The purchase, valued at $1,600,000, was paid for with 10,000,000 shares of NAHD common stock. The Company believes the acquired asset will be a significant asset going forward. The acquired asset is 162 miles of pipeline designated as a public utility with associated feeder wells and a large consumer customer.

“We are excited about this acquisition as it brings our business to the midstream market and provides a solid cash flow asset,” said Olenox CEO Michael McLaren“We will begin re-signing offtake agreements and upgrading the pipeline in the coming months.”