Reliability takes in $50,000 through private placement of common stock

Offering sells 3,401,360 shares at $0.0147 apiece to Lone Star Value

By Devika Patel

Knoxville, Tenn., Jan. 17 - Reliability Inc. completed a $50,000 private placement of stock with Lone Star Value Investors, LP on Jan. 15, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company sold 3,401,360 common shares at $0.0147 per share. The price per share is a 70.6% discount to the Jan. 14 closing share price, $0.05.

The shell company is based in Old Greenwich, Conn.

Issuer:	Reliability Inc.
Issue:	Common stock
Amount:	$50,000
Shares:	3,401,360
Price:	$0.0146
Warrants:	No
Investor:	Lone Star Value Investors, LP
Settlement date:	Jan. 15
Stock symbol:	OTCBB: RLBY
Stock price:	$0.05 at close Jan. 14
Market capitalization:	$675,650

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