Hi Score Subsidiary Green LED Makes Deal With NexPhase Lighting
MIAMI, Aug. 15, 2012 /PRNewswire/ — Hi Score Corporation (PINKSHEETS: HSCO) announced today that its subsidiary Green LED Technology Inc, has struck a deal with Miami Lighting Distributor, NexPhase Lighting. The deal calls for NexPhase to use Green LED Tech as a primary source for its Energy Saving Lighting needs.
Company COO Dominick Falso has been negotiating with top executives at NexPhase for some time. “NexPhase is expanding its efforts in the Energy Saving Lighting end of their distribution efforts and we are honored that they are relying on us to fill these needs…it is a little too soon to predict the amount of business that this new alliance will generate, but I am confident that it will be substantial and will certainly help our bottom line,” said Mr. Falso. The orders from NexPhase are in addition to the ongoing orders that the company is receiving from its recently divested subsidiary, DMD Lighting and other customers.
This announcement comes on the heels of the company’s announcement that it will be seeking to expand its presence in the Energy Saving Lighting Sector through efforts to acquire an existing private company in the same field. Mr. Falso, who is very excited about the proposed expansion, is expected to keep the stockholders up to date on these efforts as time goes on.
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.
Hi Score Corporation
SOURCE Hi Score Corporation