Posted On: 10/18/2013 12:34:08 AM
Post# of 151
BIG MOU >> Hi Score Corporation Announces a Memorandum of Understanding with its Non Affiliated Debt Holders.
Published on Oct 16, 2013
10/16/2013 7:00:00 AM - Hi Score Corporation. (OTC PINK: HSCO ) is pleased to announce that it has successfully concluded a memorandum of understanding with its Non-Affiliated Debt holders to convert the principal balance remaining of their outstanding notes into convertible preferred stock. The understanding between everyone is that these equity securities will be converted into common once aged, and form the backbone of a Registration Statement with the SEC.
William White, the new CEO of Hi Score Corporation states, "We are extremely pleased with the progress we have made. We have completed an acquisition, brought the affiliated debt down by retiring insider debt, and now put the wheels in motion to bring our non-affiliated debt down. Hi Score Corporation did not have significant third party debt on its balance sheet and neither does it have a lot of non affiliated debt holders. This makes it easier for Hi Score Corporation to reach an understanding with the small group we have, while meeting our contractual obligations. Our next objective is to complete a consolidated audit so that we can become an SEC reporting company. We are going to short list some auditors, and would expect to have a final decision soon on the PCAOB auditing firm assigned to complete this task. "
About Hi Score Corporation:
Hi Score Corporation (HSCO.PK) serves as the parent company for Green LED Technology Inc. Hi Score is also the owner of the EcoGreenBulb Line of Compact Fluorescent Lamps and the REPCO Line of Traditional Lighting. It is the primary aim at Hi Score to show their companies? clients how to save energy and money by utilizing safe, efficient, lighting. Their companies provide cost effective alternatives to current commercial use of fluorescent and incandescent bulbs. In the next decade, everyone (including large and small businesses to towns, cities and homeowners) will be called upon to replace their current methods of lighting with more energy efficient and less toxic products. In August of 2012 the Company resolved to explore acquisition of other profitable private companies in the Energy Saving Lighting. In October of 2012 the company expanded its exploration horizons to include opportunities with companies in any space provided the deal makes fiscal sense and shows potential of growth.
Published on Oct 16, 2013
10/16/2013 7:00:00 AM - Hi Score Corporation. (OTC PINK: HSCO ) is pleased to announce that it has successfully concluded a memorandum of understanding with its Non-Affiliated Debt holders to convert the principal balance remaining of their outstanding notes into convertible preferred stock. The understanding between everyone is that these equity securities will be converted into common once aged, and form the backbone of a Registration Statement with the SEC.
William White, the new CEO of Hi Score Corporation states, "We are extremely pleased with the progress we have made. We have completed an acquisition, brought the affiliated debt down by retiring insider debt, and now put the wheels in motion to bring our non-affiliated debt down. Hi Score Corporation did not have significant third party debt on its balance sheet and neither does it have a lot of non affiliated debt holders. This makes it easier for Hi Score Corporation to reach an understanding with the small group we have, while meeting our contractual obligations. Our next objective is to complete a consolidated audit so that we can become an SEC reporting company. We are going to short list some auditors, and would expect to have a final decision soon on the PCAOB auditing firm assigned to complete this task. "
About Hi Score Corporation:
Hi Score Corporation (HSCO.PK) serves as the parent company for Green LED Technology Inc. Hi Score is also the owner of the EcoGreenBulb Line of Compact Fluorescent Lamps and the REPCO Line of Traditional Lighting. It is the primary aim at Hi Score to show their companies? clients how to save energy and money by utilizing safe, efficient, lighting. Their companies provide cost effective alternatives to current commercial use of fluorescent and incandescent bulbs. In the next decade, everyone (including large and small businesses to towns, cities and homeowners) will be called upon to replace their current methods of lighting with more energy efficient and less toxic products. In August of 2012 the Company resolved to explore acquisition of other profitable private companies in the Energy Saving Lighting. In October of 2012 the company expanded its exploration horizons to include opportunities with companies in any space provided the deal makes fiscal sense and shows potential of growth.
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