MIAMI, Aug. 14, 2012 /PRNewswire/ -- Hi Score
Corporation (PINKSHEETS: HSCO) announced today that its Board of
Directors has issued a resolution approving the expansion of the
company's business model. The expansion revolves around the company
seeking out profitable existing companies for acquisition in three
specific sectors: Energy Saving Lighting, Medical Solutions and
Energy Drinks.
The company has been in the Energy Saving Lighting Business for
the past three years. The recent divestiture of its subsidiary, DMD
Lighting and Energy Control Systems, which concentrated primarily
on traditional lighting, has freed up personnel and systems to once
again concentrate on the Energy Savings section of the lighting
industry. "I see a very strong future in the burgeoning Energy
Saving Section of the business," said Company COO Dominick Falso, "... everybody today is getting
more and more energy conscious ... it just makes sense to expand
our efforts to focus on capturing a share of this multi-billion
dollar industry." The Board's resolution authorizes Mr. Falso to
open up acquisition talks with private Energy Saving Lighting
companies that would benefit from teaming up with the company.
Company President and CEO Michael
Zoyes is expected to discuss the company's plans to expand
into the Medical Solutions and Energy Drink businesses in future
releases. "I have had preliminary discussions with private
companies in each of these sectors. The Board's approval allows me
to become more definitive in these discussions."
The company's decision to explore diversification is something
that CEO Michael Zoyes has been
desirous of for some time. There are many strong private companies
that are throwing off profits in each of these sectors. Mr. Zoyes
is targeting companies from these groups that are not only
profitable but would also benefit from becoming part of a publicly
traded company. "There are several possibilities ..." said Mr.
Zoyes.
The company continues to be very optimistic about the
future.
About Hi Score
Hi Score Corporation is a supplier of eco-friendly lighting
products in the Western Hemisphere. It offers its customers the
fiscal and ecological practicality of utilizing safe, efficient,
solid state green lighting rather than conventional fluorescent and
incandescent bulbs. The Company offers the widest selection of high
quality, long lasting LED lighting products that that can replace
existing incandescent, fluorescent and halogen bulbs as well as
compact fluorescent lights. Additionally the Company offers Compact
Fluorescent and Halogen Lighting under its EcoGreenBulb and REPCO
Labels, respectively. The Company sells its products directly to
distributors, consumers, businesses as well as to
municipalities.
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 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. 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.
CONTACT:
Hi Score Corporation
Michael Zoyes
President
(954) 990-6827
www.hiscorecorporation.com
SOURCE Hi Score Corporation