SOURCE: US Highland, Inc.

October 12, 2015 06:00 ET

US Highland, Inc. Converts Debts and Strengthens Balance Sheet

DALLAS, TX--(Marketwired - Oct 12, 2015) - US Highland, Inc. (OTC PINK: UHLN) ("US Highland" or the "Company") is pleased to announce it has extinguished a total amount of $1,690,760 in debt (the "Debt") by converting it into preferred equity pursuant to a series of debt conversion agreements (the "Conversion Agreements") with seven of the Company's lenders (the "Lenders").

Deborah Engles, US Highland's Interim CFO, commented, "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."

Pursuant to the Conversion Agreements, the Company and the Lenders converted the entire principal and interest on loans made by the Lenders to the Company in the aggregate amount of $1,690,760 into 3,381,520 shares of the Company's Series A Convertible Preferred Stock (the "Series A Preferred Stock") for $0.50 per share (the "Debt Conversions"). As a result of the Debt Conversions, the Debt was deemed to be repaid in full.

Each Series A Preferred Stock holder shall have the right, at such his option, at any time or from time to time, to convert each share of Series A Preferred Stock into ten fully-paid and non-assessable shares of the Company's Common Stock. Generally, the Series A Preferred Stock vote together with the Company's outstanding Common Stock and each share of Series A Preferred Stock has the voting equivalency of ten shares of Common Stock.

The Company has filed a Form 8-K (Current Report) with the SEC which provides complete detailed disclosure regarding these transactions.

About U.S. Highland, Inc.

US Highland, Inc. (UHLN) is a diversified product development, sales, marketing company. US Highland leverages its core management expertise and experience to work with emerging brands, products, and concepts to launch into the US marketplace. US Highland's services include third party logistics, sales/marketing, product strategy and product development.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. These forward-looking statements include statements relating to, or representing management's beliefs about, our future transactions, strategies, operations, events and financial results. Such forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should" and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those risks and uncertainties described in any of our other filings with the SEC. Certain other factors which may impact our business, financial condition or results of operations or which may cause actual results to differ from such forward-looking statements are discussed or included in our periodic reports filed with the SEC and are available on our website at www.ushighland.com under "Investor Info." You are urged to carefully consider all such factors. We do not undertake or plan to update or revise forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of this news release, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. If we make any future public statements or disclosures which modify or impact any of the forward-looking statements contained in or accompanying this news release, such statements or disclosures will be deemed to modify or supersede such statements in this news release.

Disclaimer: This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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