MIAMI, Aug. 16, 2012 /PRNewswire/ -- Hi Score
Corporation (PINKSHEETS: HSCO) announced today that its President,
Michael Zoyes has been in serious
discussion with a Miami based
Medical Billing Company. The talks involve the acquisition of the
Medical Billing Company by Hi Score Corporation.
The Medical Billing Company that is involved with the
discussions is a private company that is in a growth stage. "If we
can make this happen we will be adding approximately 1 million dollars per year to our EBITDA and we
will be postured to expand to other sections of the Medical
Solutions Industry," said Mr. Zoyes. "Our discussions have become
more definitive…we expect to make a final determination regarding
this possible acquisition within 45 days…things look promising and
we are hopeful…"
This announcement comes just days after the Board of Directors
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. "We are committed to expanding our base… in that light, we
are determined to enter the Medical Solutions Industry…the industry
is profitable and growing. The changes that have been brought about
by recent legislation have opened up tremendous opportunities,"
continued 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 a wide 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.
In August of 2012 the Company resolved to explore acquisition of
other profitable private companies in the Energy Saving Lighting as
well as in the Medical Solutions and Energy Drinks Industries.
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