Hi Score Corporation Announces its Plans to Commence Look Back Audit with Malone Bailey LLP
21 October 2013 - 11:30PM
OTC Markets
Hi Score Corporation Announces its Plans to Commence Look
Back Audit with Malone Bailey LLP
Oct 21,
2013
OTC Disclosure & News
Service
ACCESSWIRE) 10/21/2013
8:30:00AM - Hi Score
Corporation. (OTC PINK: HSCO) is pleased to announce that it
has resolved
to commence a look back audit with PCAOB Auditing Firm, Malone
Bailey LLP. An
engagement letter is expected to be secured within a short period
of time. The
engagement will call for Hi Score Corporation to provide its
current and past
financial statements, including that of its subsidiary, Next
Dimension
Marketing Inc, to Malone Bailey LLP so that they can prepare the
consolidated
audited financial statements for the company. Hi Score Corporation
has been an
OTC Market Current Tier Filer, filing its unaudited financial
statements every
quarter. In order to become and remain an SEC Filer, Hi Score
Corporation must
complete a look back audit, and subsequently file audited
consolidated
financial statements every quarter.
William White, CEO of Hi Score
Corporation, states, " Filing audited financial statements is
absolutely
necessary to build investor confidence. It's another act of
transparency on the
part of management to ensure that its financial records have been
independently
verified by a third party PCAOB Auditing Firm. The selection of
Malone Bailey
LLP as the company's auditors is a first step in becoming an OTCQB
company.
Now, that we have a sound Business Development Plan, moving
forward, we need to
implement and act on the changes we have made. More clarity on the
information
we have already put out will be made available to stock holders as
we implement
our objectives.
To date, we have amended our
articles to create convertible preferred securities, we have
completed an
acquisition of my subsidiary, we are in the process of
consolidating our
affiliate & non affiliate debt, we are going to be filing with
FINRA the
stock dividend, we are implementing a plan to acquire other green
technologies,
we are going to buy secured debt from non affiliates in other
public companies
to enhance our investment activities, and now we are going to audit
our books.
Our investors deserve to see the progress we will be making and
they deserve to
have it independently verified.
A Company Spokesperson, further
added, ?Domestic OTC Market companies should never remain OTC
filers, unless
they plan to become QX companies. That's not our path to success.
Progress, for
us, starts with the initiative of becoming an OTCQB company. This
is a complete
break from the past. Hi Score Corporation brought Mr. William White
in as CEO,
to change the culture, direction and vision for the company. His
track record
speaks for itself. We are going to communicate better with our
stockholders,
lay out our plan, and implement our strategy, to press the
advantage. In the
coming days expect Mr. White to put out more information, in a
letter to the
shareholders, about the plan to enhance shareholder value.
"
About Hi
Score Corporation:
Hi Score Corporation (HSCO.PK)
serves as the parent company
for Green LED Technology Inc. Hi Score is also the owner of the
EcoGreenBulb
Line of Compact Fluorescent Lamps and the REPCO Line of
Traditional
Lighting. It is the primary aim at Hi Score to show their
companies?
clients how to save energy and money by utilizing safe, efficient,
lighting.
Their companies provide cost effective alternatives to current
commercial use
of fluorescent and incandescent bulbs. In the next decade, everyone
(including
large and small businesses to towns, cities and homeowners) will be
called upon
to replace their current methods of lighting with more energy
efficient and
less toxic products. In August of 2012 the Company resolved to
explore acquisition
of other profitable private companies in the Energy Saving
Lighting. In October
of 2012 the company expanded its exploration horizons to include
opportunities
with companies in any space provided the deal makes fiscal sense
and shows
potential of growth. In October of 2013 the Company acquired Next
Dimension
Marketing Inc. (NDMI) which is a U.S. assembler &
exclusive
distributor of hydrogen converters; specifically including
the Performance
Enhancement and Emissions Control Hydrogen
(PEECH) System.
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 contract manufacturers, timely product development,
product
acceptance, and the impact of competitive services and products, in
addition to
general economic risks and uncertainties.
Company
Contact Information:
Mr. William White, Chief
Executive Officer
Harvardtrust@execs.com or info@greenledsolutions.com or bill@ndmarketinginc.com
www.hiscorecorporation.com
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