The Investor Desk Announces US Highland Inc. as Their Fourth Quarter Featured Company

NEW YORK, October 19, 2015 /PRNewswire/ --

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The Investor Desk is constantly combing the equity world for new and exciting opportunities in the public markets that are highly profitable for investors.  At present, US Highland has over 77 million shares outstanding, and around 36 million in the public float. The Investor Desk anticipates a massive breakthrough for the company over the next two months.

US Highland, Inc. is a premium small displacement engine manufacturer with a multi-tiered diversified business model. Historically, the company's primary focus has been in the research and manufacturing of single cylinder and V-twin powertrains used for a variety of applications. In September, it began diversifying its operations, guiding startups in establishing their brands as well as helping them penetrate the U.S. market.

Recently, it formed two new wholly owned subsidiaries: USH Distribution Corp. and Powersports Brands Alliance, Inc. It also has a 40% minority equity stake in a new joint venture called Lahva, Inc.

"Redefining US Highland's business model and structuring its operations has enabled us to pursue investments in new acquisitions, joint ventures, and strategic partnerships that take full advantage of management's ability to build brands and sell, market, and distribute products," Josh Whitaker, US Highland chief executive officer said in a press release. "The successful launch of USH Distribution with new partners, M&M Sourcing and Rhino Workwear, is clearly an important milestone in the evolution of our growing company." 

In a press release dated Monday October 12th, featured company US Highland, Inc. (OTC PINK: UHLN) announced that it had extinguished a total amount of $1,690,760 in debt by converting it into preferred equity.

In accordance with a series of debt conversion agreements, the Texas-based company and its seven lenders converted the entire principal and interest into 3,381,520 shares of the company's Series A convertible preferred stock for $0.50 a share.

Deborah Engles, interim CFO of US Highland, said, "Converting almost $1.7 million of debt into new equity has significantly strengthened the company balance sheet and has better positioned us for potential growth, acquisitions, and long term success." 

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SOURCE The Investor Desk