Online Internet Resources, Inc. (OTCBB:ONIN) entered into a definitive distribution agreement to spin off Square Roots Inc. on May 22, 2012. Each shareholder of Online Internet will be distributed one share of Squareroot common stock for each share owned by them. The transaction is subject to regulatory approval, execution of ancillary agreements and has been approved by the Online Internet shareholders. The Boards of Directors of Online Internet have approved and determined that the transaction is in the best interests of shareholders. Donald J. Stoecklein of Stoecklein Law Group, LLP acted as legal advisor to Square Roots Inc. Online Internet Resources, Inc. (OTCBB:ONIN) completed the spin off of Square Roots Inc. on June 7, 2012.