Hi Score Corporation Announces New Business Model to Enhance its Net Stock Holders Equity
October 18 2013 - 7:54AM
OTC Markets
Hi Score Corporation
Announces New Business Model to Enhance its Net Stock Holders
Equity
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.
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
or bill@ndmarketinginc.com
www.hiscorecorporation.com
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