JIM - a Correction from Wayne
These words are from the Letter, from HISC's CEO
Many of our shareholders have asked why we postponed the record date for the 1 for 50 stock
dividend in Evans Systems. There are a number of reasons for this. The most important reason
was the delay by the SEC for approval of the 14C that was filed by Evans Systems. The Board
did not anticipate this delay. As a result, we were forced to postpone the date twice. Otherwise, we were concerned that our shareholders might not achieve the maximum value of this transaction.
I’m pleased to inform you that the Evans Systems, Inc. 14 C has been approved by the SEC and we will be moving forward with the dividend.
Therefore, our Board will be announcing a final record date THAT WILL NOT BE POSTPONED in the very near future. We
will not set a new date until all reporting requirements have been approved.
We are sincerely sorry for this unfortunate circumstance.
However, once we have completed the Evans Systems acquisition of shares, HISS shareholders of record can expect to see the value of their new stock in Evans rise significantly. We have an
exciting business plan for Evans. Evans strategy will be to acquire private companies with
unique products and/or technologies. Some of these companies will be “spun off” as separate
public companies with Evans retaining a minority ownership. Other companies will be integrated
into Evans as permanent operating divisions. And some of the acquisitions will be placed into
HISS. The dividend our shareholder will receive in Evans, allows them to benefit from this
exciting business model. I want to emphasize one important point about the acquisition of Evans
shares. This transaction will enhance the value of HISS and not diminish it. HISS will not be
changed in the process. HISS will retain its assets and continue to grow and prosper as a
separate sister company.
