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."
AI
