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My Social Income, Inc. Signs Letter of Intent with Solgen Distrbution Company; Aggressive Pursuit of Assets Drives up Shareholder Value

(via Thenewswire.ca)

Irvine, California /TheNewswire /My Social Income, Inc. ("MSOA") ("the Company") (OTC: MSOA) CEO Colleen Schmidt is pleased to announce a Letter of Intentto exchange shares with Solgen Distribution Co. by My Social Income, Inc.

As previously announced in a press release dated July 28, 2015, My Social Income, Inc. launched a corporate advisory services division to provide services to micro-cap companies who need help with insulating their stockholders, consolidating their debt, meeting their financial needs and plotting a course for business development. By establishing this new division MSOA has added a new dimension to its corporate mission: that of being a VoIP telecommunications company.

"We're excited by the prospects of this purchase," says Schmidt. "It marks another significant deal for MSOA in a financial quarter which has already seen important and very substantial events for the Company."

This sizable deal would see an exchange of 400,000 preferred series D stock of the Company in exchange for a like number (400,000) shares in Solgen Distribution Co.

Solgen Distribution Co. is a renewable energy company that specializes in providing clean, consistent power by combining solar and wind power with lithium ion batteries. Their proprietary Joule Box combines five different proven technologies in one box to generate electricity.

"Green, renewable energy is an exciting field whose potential is only going to grow, and rapidly," says Schmidt. "The potential pay-offs for early adopters is huge."

In addition to the financial considerations, Solgen Distribution Co. will be granted one seat on the Board of Directors of MSOA.

"Much like the renewable, unlimited energy sources that power the Joule Box, our combined expertise can power our business ventures and propel both of these dedicated, emergent firms to success," says Schmidt.

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The Companies, MSOA and Solgen Distribution Co., anticipate closing the acquisition within a 90 day time period.

"MSOA is committed to increasing shareholder value and leveraging our assets to aggressively do so," closes Schmidt. "Our goals are reaching fruition, one by one, and we're pleased to announce yet another milestone in our long-range economic plan for dominance."

ABOUT MY SOCIAL INCOME, INC.

MSOA offers a wide array of communication services and specializes in tailoring these services to create ValueNetworks for its customers that can be extended to large groups of members, sales affiliates or other interested parties. The value of the network is its furnishing of free unlimited, in-network services to all network members; low-cost local and long distance calling; access to numbers outside the network for all members; high-value custom calling services to all members including voice messaging, email services, conferencing services, fax via email, automated attendant and advanced call processing to all members. It also includes customized small business services to any corporate sites, and custom VIP consulting services to all company principals and key personnel.MSOA announced on July 28, 2015 its launch of a corporate advisory services division. This division will provide corporate advisory services to micro-cap companies who need help with insulating their stockholders, consolidating their debt, meeting financial needs and plotting a course for business development.

ABOUT SOLGEN DISTRIBUTION COMPANY

Our company has been developed to assist our partners in Jamaica and Panama to utilize our new fossil free energy solution called theJulie Box. It is a revolutionary energy solution that will essentially make solar and windmill obsolete.

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 suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

For more information please contact:

Colleen A. Schmidt, CEO, My Social Income, Inc.

949-535-5242 [e-mail]

http://gcn.globalcommunicationsnetwork.net/

Copyright (c) 2015 TheNewswire - All rights reserved.

© Copyright (c) 2015 TheNewswire - All rights reserved.