$HSCO Oct.18/2013 Hi Score Corporation Announces New Business Model to Enhance its Net Stock Holders Equity
Published on Oct 18, 2013
OTC Disclosure & News Service ACCESSWIRE) 10/18/2013 8:30:00AM - Hi Score Corporation. (OTC PINK: HSCO ) is pleased to announce that it will be pursuing a new business strategy in order to complement its existing model of acquiring, and supporting green technologies, through its subsidiary, Next Dimension Marketing Inc. An often overlooked aspect of a public company's balance sheet is its own investment activities. Hi Score Corporation will now also seek to acquire secured debt with conversion privileges or options to acquire common stock or equity securities in other issuers, which are typically the public company's most senior preferred stock at the time of the investment. In cases where Hi Score Corporation has acquired secured non affiliated debt in another issuers, it will seek to convert that debt into common shares, which it can sell or book as equity on its own balance sheet.
William White, CEO of Hi Score Corporation, states, "We believe that investing in another issuer's most senior and/or secured debt or equity securities provides some protection and is one way to potentially mitigate the otherwise high risks of investing. Since securities that we acquire directly from selling stockholders may not represent the most senior securities of the issuer, we may seek to negotiate terms, such as warrants or other structural protections, which are intended to provide some additional value protection. The upside for Hi Score Corporation is that our company can generate it's equity from retained earnings as opposed to paid in capital. Our expectation is that we can create cash dividends with this business model for our stockholders, which we would also file with FINRA to get approval."
A Company Spokesperson, further added, " The opportunity to enhance cash or cash equivalents on the balance sheet means that the public company does not need to mortgage it's future by accepting debt which becomes a derivative liability when it is goes unpaid. Hi Score Corporation won't need to raise money until it seeks a Registration Statement with the SEC. With the new business model, it will be able to afford a look back audit and the ancillary costs associated with hiring an SEC lawyer to file the Form S1, without having to resort to convertible notes on its own balance sheet. The worse thing we could do as a company is to bring the debt to equity ratios down, only to take it back up. Our investment activities will help finance our costs to meet those objectives. "
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. In October of 2013 the Company acquired Next Dimension Marketing Inc. (NDMI) which is a U.S. assembler & exclusive distributor of hydrogen converters; specifically including the Performance Enhancement and Emissions Control Hydrogen (PEECH) System.
