$HSCO news Hi Score Corp. (HSCO: OTC Pink Current)
Post# of 29744
OTC Disclosure & News Service ACCESS WIRE 12/20/2013 8:00:00AM - Hi Score Corporation. (OTC PINK: HSCO) is pleased to announce that its subsidiary, Next Dimension Marketing Inc, has finalized the purchase of an assignment for aged non affiliate debt in Alaska Pacific Energy Corporation. Pursuant to a previous press release dated Nov 21, 2013, Hi Score Corporation commenced negotiations with an undisclosed, non affiliate debt holder in Alaska Energy Corp. The subsequent review of Alaska Energy Corporation's financial statements, identifying the aforementioned aged non affiliate note and the terms of the convertibility of the aged debt owned by the note holder met Hi Score Corporation's compliance standards to buy a nominal amount of the debt. Hi Score Corporation's subsidiary, Next Dimension Marketing Inc, has completed the assignment documents with the note holder in (OTC:ASKE) for a nominal amount of interest only, matured debt and will then convert the aged non affiliate debt that it has paid for, into equity that it intends to sell in the open market.
William White, CEO of Hi Score Corporation, states, "We are extremely pleased to come to terms on the assignment purchase and paperwork of the aged debt held by a third party, non affiliate in Alaska Energy Corporation. Our legal team has already prepared our conversion documents and tradability opinion, so that we can start booking the value immediately. Growing from our own investment activities is a key component, moving forward, to enhance our Net Stock Holders Equity as we look to become a Business Development Corporation Subsidiary. " 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 c ompanies 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 US 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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