$OLIE AND $HSCO Hi Score Corp. (HSCO: OTC Pink Cur
Post# of 29735
OTC Disclosure & News Service ACCESSWIRE 12/18/2013 08:00:00AM - Hi Score Corporation, (OTC PINK: HSCO) CEO William White is pleased to announce that it is in the advanced stages of final negotiations to become a wholly owned subsidiary of OLIE Inc. A Letter of Intent to Acquire Hi Score Corporation, in exchange for Convertible Preferred Stock of OLIE Inc, is being drawn up by CEO Robert Gardner of OLIE Inc, and final acquisition documents will be completed once Hi Score Corporation has completed its look back audit.
William White, CEO of Hi Score Corporation, states, "We have on our balance sheet, a $5,000,000 USD MTN, credit linked to a AAA US Treasury Strip, and we have moved a considerable amount of affiliate and non-affiliate debt off our balance sheet. Once we complete our assignments for third party debt in several of the issuers we are consulting for, Hi Score Corporation will have cash on its balance sheet to enhance its Net Stockholders' Equity. Our auditors, Malone Bailey LLP, have also been paid to complete our audit, so we anticipate the transaction will be finalized very soon. This is a remarkable opportunity for both issuers, particularly our stockholders who will own OLIE Preferred Stock after completion."
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. For these three companies the primary aim at Hi Score is to show their clients how to save energy and money by utilizing safe, efficient, lighting. To find out more information about these Companies please visit our website at www.hiscorecorporation.com. To further pursue and support the Company's desire for diversification within the green energy marketplace, in October of 2013 the Company acquired Next Dimension Marketing Inc. (NDMI), a U.S. assembler and exclusive distributor of hydrogen converters; specifically including the Performance Enhancement and Emissions Control Hydrogen (PEECH) System. To find out more about NDMI and the PEECH System please visit their website at www.ndmarketinginc.com .
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 bill@ndmarketinginc.com
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