Hi Score Corporation Announces Plan to File with FINRA a Restricted Convertible Preferred Stock Dividend
October 17 2013 - 8:00AM
OTC Markets
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
www.hiscorecorporation.com
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