CORRECTION: Hi Score Corporation Announces Plan to Assign, from a Secured Non Affiliated Note Holder, a Nominal Amount of Debt in Alaska Energy Corporation
Oct 22, 2013
OTC Disclosure News Service
Hi Score Corporation Announces Plan to Assign, from aSecured Non Affiliated Note Holder, a Nominal Amount of Debt in Alaska EnergyCorporation.
OTC Disclosure NewsService
1:00:00PM – Hi ScoreCorporation. (OTC PINK: HSCO) is pleased to announce that it has concludeda Memorandum of Understanding with an undisclosed cash Note Holder in AlaskaEnergy Corporation to purchase and assign a nominal amount of theirDebt. Hi Score Corporation will purchase part of this matured,secured debt because of its conversion privileges. Once Hi Score Corporationhas acquired the matured secured non affiliated debt in Alaska EnergyCorporation, it will seek to convert that debt into common shares, which it cansell or book as equity on its own balance sheet.
William White, CEO of Hi ScoreCorporation, states, “This is the first of many investment activities thatHi Score Corporation will be pursuing, with other issuers. The brilliance ofthis strategy is all affected parties in the transaction come out as winners.The Note holder who has held the debt for over a year, is able to get some cashin his hands, the public company, where the debt originated, is able to removeor lower the debt on their balance sheet, and we are able to book theinvestment as a note receivable on our balance sheet, or as equity on ourbalance sheet, should we exercise the conversion privileges. “
A Company Spokesperson, furtheradded,?Debt is the single largest impediment to the success of the Micro CapMarkets. There is a real opportunity, for Hi Score Corporation, to work withother Issuers, to help them restructure their companies, through the issuanceof Convertible Preferred Stock. We can also buy or assign nominal amounts ofaged secured non affiliate debt which benefits all parties. This willcompliment Hi Score Corporation’s business objectives very nicely as we seek toacquire other green technologies and get our products to market. “
About HiScore Corporation:
Hi Score Corporation (HSCO.PK)serves as the parent company for Green LED Technology Inc. Hi Score is also theowner of the EcoGreenBulb Line of Compact Fluorescent Lamps and the REPCO Lineof Traditional Lighting. For these three companies the primary aim at HiScore is to show their clients how to save energy and money by utilizing safe,efficient, lighting. To find out more information about these Companies pleasevisit our website at www.hiscorecorporation.com.To further pursue and support the Company?s desire for diversification withinthe green energy marketplace, in October of 2013 the Company acquired NextDimension Marketing Inc. (NDMI), a U.S. assembler exclusive distributorof hydrogen converters; specifically including the PerformanceEnhancement and Emissions Control Hydrogen (PEECH) System. To find out more about NDMI and the PEECH Systemplease visit their website at www.ndmarketinginc.com.
SafeHarbor Statement: This release includes”forward-looking statements” within the meaning of Section 27A of theSecurities Act of 1933, as amended, and Section 21E and or 27E of theSecurities Exchange Act of 1934 that are based upon assumptions that in thefuture may prove not to have been accurate and are subject to significant risksand uncertainties, including statements as to the future performance of thecompany and the risks and uncertainties detailed from time to time in reportsfiled by the company with the Securities and Exchange Commission. Statementscontained in this release that are not historical facts may be deemed to beforward-looking statements. Investors are cautioned that forward-lookingstatements are inherently uncertain. Although the company believes that theexpectations reflected in its forward-looking statements are reasonable, it cangive no assurance that such expectations or any of its forward-lookingstatements will prove to be correct. Factors that could cause results to differinclude, but are not limited to, the company’s ability to raise necessaryfinancing, retention of key personnel, timely delivery of inventory from thecompany’s contract manufacturers, timely product development, productacceptance, and the impact of competitive services and products, in addition togeneral economic risks and uncertainties.
Mr. William White, ChiefExecutive Officer
Harvardtrust@execs.com or firstname.lastname@example.org or email@example.com
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