My Social Income, Inc. ("MSOA") (OTC: MSOA) COO, Colleen Schmidt, is pleased to announce
that the Company has changed its business from telecommunications to a new goal, that of
becoming a Business Development Company. The company has developed a new business plan
of operations to acquire small but profitable businesses through the issuance of convertible
preferred stock or cash. Each of these acquisitions will function as a standalone subsidiary
within MSOA. Each will have its own P&L statement and balance sheet, with MSOA acting as a
parent corporation, while allowing managing partners to continue the growth and operations
of the subsidiary. The ultimate goal will be to acquire $4,000,000 in assets to enable the
company to trade on the NYSE Marketplace Exchange.
Colleen Schmidt, COO, states, “My Social Income, Inc. is currently negotiating to acquire several
profitable enterprises as wholly owned subsidiaries, for Convertible Preferred Stock or cash to meet the $4,000,000 shareholder equity threshold to qualify for a listing on a NYSE MKT. We
also intend to become more transparent as an issuer, MSOA will pursue a look-back audit of its
financial statements through a PCAOB Accounting Firm and will look to follow-up with a S1
filing soon thereafter. Much more information will be forthcoming on these companies as the
Company moves to closure on each of these agreements ”. She further states “changing our
business from telecommunications to business acquisitions will build our net stockholders
equity quarter to quarter”.
MSOA will be announcing very shortly that it has brought on board a highly qualified new
Chief Executive Officer to lead the new initiative. It is also contemplated that MSOA will change
it’s corporate name to be more in sync with its’ new corporate mission.
