Highline Technical Innovations, Inc. Announces Updates on Company Activities
Lowell, AR, November 2, 2016 (Newswire.com) - Highline Technical Innovations, Inc., headquartered in Lowell, AR, is a pink-sheet publicly traded company (listed as HLNT: OTC), and is the creator, designer and innovator of the Hydrogen-On-Command System™. The most distinguishing feature of our patent pending Hydrogen-On-Command System™ is an independent electronic system that regulates optimal amounts of hydrogen and oxygen gases into diesel/gas internal combustion engines resulting in increased fuel efficiency. Equally important are the Company’s trade secrets pertaining to the electrolysis medium, volume, back pressure, gas drying, and low amperage operation which translate into FUEL SAVINGS while significantly DECREASING HARMFUL EMISSIONS.
On August 11, 2016 HLNT received shareholder approval to increase the number of the Company’s authorized shares of common stock from 3,700,000,000 shares to 10,000,000,000 by means of an amendment to the Company’s Articles of Incorporation. This amendment and the creation of additional shares of authorized common stock will not alter current stockholders’ relative rights and limitations. This instead will allow the Company to issue common shares, from time to time, as may be required for proper business purposes, such as raising additional capital for ongoing operations, reserving treasury stock, establishing strategic business relationships with corporate partners and acquiring or investing in complementary businesses or products.
In addition, it will allow for the conversion of outstanding common stock derivatives, such as the Voting Preferred Stock (which is convertible into common stock at a ratio of one share of Voting Preferred Stock into 10 shares of common stock). Separately, all class A “super shares” belonging to former Directors of Highline Technical Innovations, Inc. have been retired.
Lastly, the increase of authorized shares has permitted the Highline Technical Innovations, Inc. Board of Directors to enter an into a stock purchase agreement with an existing shareholder (Purchaser) for a significant capital investment to cure existing defaults on Highline Technical Innovations, Inc. The shares extended to this Purchaser equal 51% of the current issued and outstanding shares of the Company, and all of the shares will be restricted for a period of one year. The Company has received the resignation, release and waiver by HLNT’s current CEO, CFO and all then-current Directors from their positions with Highline Technical Innovations, Inc. effective 10/15/16.
The Purchaser is presently in the process of identifying and assembling a new Executive leadership & Board of Director team to launch the Company’s short and long term business objectives to ensure optimal success while meeting the appropriate interests of our valued shareholders and stakeholders. HLNT’s prerequisite prior to considering any individual for the Board or Executive team is to ONLY secure individuals who are truly passionate about the Company’s business objectives for success; are willing to commit time, resources, and energy to strengthen and sustain it; and who embrace their professional service as a serious commitment.
Highline Technical Innovations, Inc.’s strategic business planning horizon includes unveiling a new rebranding effort, launching a new hydrogen product, securing vital business partners, and acquiring complementary businesses with the objective to ultimately stabilize the Company’s future. The new leadership team will take a tactical approach in selecting, managing and measuring our strategic business planning horizon objectives to ensure optimal value for our business partners, customers, and shareholders.
All of the Company’s future projects will meet a set of criteria setup by our leadership team to ensure alignment with the strategic vision of our organization for maximum prosperity. The Company plans to apply the four essentials of creating shareholder value: cost/risk reduction, reputation/legitimacy, innovation/re-positioning and growth path/trajectory through shared public communication, accountability and transparency related to our short and long term business strategic objectives.
The Company is eager about executing on its strategic business planning horizon milestones that have been established. The Company plans to communicate to its valued shareholders in a timely manner ALL outcomes, good or bad, as it moves forward to start this new, exciting journey towards stabilizing the Company and creating shareholder value for many years to come.
About Highline Technical Innovations, Inc.
Highline Technical Innovations, Inc., headquartered in Lowell, AR, is a pink-sheet publicly traded company (listed as HLNT: OTC), and is the creator, designer and innovator of the Hydrogen-On-Command System™. The biggest distinguishing feature of our patent pending Hydrogen-On-Command System™ is an independent electronic system that regulates optimal amounts of hydrogen and oxygen gases into diesel/gas internal combustion engines resulting in increased fuel efficiency. Equally important are the Company’s trade secrets pertaining to the electrolysis medium, volume, back pressure, gas drying, and low amperage operation which translate into FUEL SAVINGS while significantly DECREASING HARMFUL EMISSIONS.
Safe Harbor Statement
This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the PSLRA of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. HLNT does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
Contact: info@sponetworks.com
Source: Highline Technical Innovations, Inc.