Hi Score Corporation Announces that it will File with FINRA to Become Wholly Owned Subsidiary of OLIE Inc. (OTCQB: OLIE)
Dec 27, 2013
OTC Disclosure News Service
Sunrise, FL
–
OTC
Disclosure News Service ACCESS WIRE 12/27/2013 08:00:00AM - Hi
Score Corporation, (OTC PINK: HSCO) CEO William White is pleased to announce
that he has completed final negotiations to become a wholly owned subsidiary of
OLIE Inc. Hi Score Corporation and its stockholders will be acquired by OLIE
Inc, in exchange for Anti Dilutive Convertible Preferred Stock of OLIE Inc.
These Securities are priced at $2.50 per share, cannot be diluted in the event
of a Reverse Split, and convert at par value upon maturity in a year. Final
Acquisition Documents are being drawn up in the New Year, and will include the
purchase price of the acquisition. Hi Score Corporation will file a corporate
action with FINRA, ten days prior to the event, to become a Wholly Owned
Subsidiary of OLIE Inc.
William White, CEO of Hi Score
Corporation, states, “We are delighted to joint venture with OLIE Inc. This is
a huge step for Hi Score Corporation and its own subsidiaries to join something
bigger than ourselves. We said in October that we would start to position
assets in Hi Score Corporation, lower the debt to equity ratio, audit the
company and become an SEC Filer. As this is our last press release before the
end of 2013, we have accomplished those objectives. In the New Year, our
priority will be to enhance our cash position exponentially and collectively
make OLIE Inc a juggernaut, as we seek to acquire other Pink Sheet OTCQB
Issuers who want to join the winning formula.”
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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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Article source: http://www.otcmarkets.com/stock/HSCO/news?id=73724
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