$HSCO HUGE NEWS OUT >> Hi Score Corporation Annou
Post# of 63700
Posted On: 10/17/2013 8:50:26 AM
[b]$HSCO HUGE NEWS OUT >> Hi Score Corporation Announces Plan to File with FINRA a Restricted Convertible Preferred Stock Dividend[/b]
Hi Score
Corporation Announces Plan to File with FINRA a Restricted Convertible Preferred
Stock Dividend
Oct
17, 2013
OTC Disclosure & News
Service
ACCESSWIRE) 10/17/2013 8:00:00AM
- Hi Score Corporation. (OTC PINK: HSCO ) is pleased to announce that it
will be filing a Corporate Action with FINRA to issue a restricted stock dividend to its shareholders in street name. Shareholders will be delivered physical certificates of Convertible Preferred Stock to their addresses of record, or Broker/Dealer bearing a restrictive legend that will have a holding period of one year. Details of the transaction will become available to the shareholders once FINRA has approved the Filing.
William White, the new CEO of
Hi Score Corporation states, " There has been significant dilution over
the years in Hi Score Corporation, and the reason for that has been the issue
of non affiliated debt in the company. We have negotiated settlements for many
of our debt holders now, as is our contractual responsibility, but we also want
to protect the integrity of people's investments in the open market.
Part of changing the business culture of Hi
Score Corporation is acknowledging the fact that our market has not performed
to the satisfaction of our stock holders. Issuing restricted convertible
preferred securities to those who own stock in the open market makes sense,
because the dilution has impacted them the most. The rights and privileges of
the restricted convertible preferred securities have already been noted in the
company's amended articles of incorporation. The Record Date & Payment Date
will be known to our stockholders, once FINRA approves the Filing."
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.
Safe
Harbor Statement: This release includes
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E and or 27E of the
Securities Exchange Act of 1934 that are based upon assumptions that in the
future may prove not to have been accurate and are subject to significant risks
and uncertainties, including statements as to the future performance of the
company and the risks and uncertainties detailed from time to time in reports
filed by the company with the Securities and Exchange Commission. Statements
contained in this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that forward-looking
statements are inherently uncertain. Although the company believes that the
expectations reflected in its forward-looking statements are reasonable, it can
give no assurance that such expectations or any of its forward-looking
statements will prove to be correct. Factors that could cause results to differ
include, but are not limited to, the company's ability to raise necessary
financing, retention of key personnel, timely delivery of inventory from the
company's contract manufacturers, timely product development, product
acceptance, and the impact of competitive services and products, in addition to
general economic risks and uncertainties.
Company
Contact Information:
Mr. William White, Chief
Executive Officer
Harvardtrust@execs.com or info@greenledsolutions.com
Hi Score
Corporation Announces Plan to File with FINRA a Restricted Convertible Preferred
Stock Dividend
Oct
17, 2013
OTC Disclosure & News
Service
ACCESSWIRE) 10/17/2013 8:00:00AM
- Hi Score Corporation. (OTC PINK: HSCO ) is pleased to announce that it
will be filing a Corporate Action with FINRA to issue a restricted stock dividend to its shareholders in street name. Shareholders will be delivered physical certificates of Convertible Preferred Stock to their addresses of record, or Broker/Dealer bearing a restrictive legend that will have a holding period of one year. Details of the transaction will become available to the shareholders once FINRA has approved the Filing.
William White, the new CEO of
Hi Score Corporation states, " There has been significant dilution over
the years in Hi Score Corporation, and the reason for that has been the issue
of non affiliated debt in the company. We have negotiated settlements for many
of our debt holders now, as is our contractual responsibility, but we also want
to protect the integrity of people's investments in the open market.
Part of changing the business culture of Hi
Score Corporation is acknowledging the fact that our market has not performed
to the satisfaction of our stock holders. Issuing restricted convertible
preferred securities to those who own stock in the open market makes sense,
because the dilution has impacted them the most. The rights and privileges of
the restricted convertible preferred securities have already been noted in the
company's amended articles of incorporation. The Record Date & Payment Date
will be known to our stockholders, once FINRA approves the Filing."
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.
Safe
Harbor Statement: This release includes
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E and or 27E of the
Securities Exchange Act of 1934 that are based upon assumptions that in the
future may prove not to have been accurate and are subject to significant risks
and uncertainties, including statements as to the future performance of the
company and the risks and uncertainties detailed from time to time in reports
filed by the company with the Securities and Exchange Commission. Statements
contained in this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that forward-looking
statements are inherently uncertain. Although the company believes that the
expectations reflected in its forward-looking statements are reasonable, it can
give no assurance that such expectations or any of its forward-looking
statements will prove to be correct. Factors that could cause results to differ
include, but are not limited to, the company's ability to raise necessary
financing, retention of key personnel, timely delivery of inventory from the
company's contract manufacturers, timely product development, product
acceptance, and the impact of competitive services and products, in addition to
general economic risks and uncertainties.
Company
Contact Information:
Mr. William White, Chief
Executive Officer
Harvardtrust@execs.com or info@greenledsolutions.com
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