July 13, 2011
Hi Score Subsidiary-DMD In Final Negotiations With Canadian Firm to Supply Fixtures Throughout Northern Canada
MIAMI, July 13, 2011 /PRNewswire/ -- Hi Score Corporation (PINKSHEETS: HSCOD) announced today that its subsidiary DMD Lighting and Energy Control Systems is in final negotiations with a yet to be disclosed Canadian firm.
The deal calls for DMD to supply thousands of Energy Saving LED Streetlight Fixtures throughout northern Canada. Dominick Falso, COO of Hi Score and CEO of DMD, has been handling the negotiations personally.
"I am very excited about this project," said Dominick. "Not only because it is a huge deal but because it gives us an opportunity to really shine in the Energy Savings Arena. We will be utilizing a combination of traditional electrical technology as well as solar technology."
"Keep in mind we are talking about a part of the globe that does not get a lot of sunshine ... very challenging ... but we know that our technology is up for it ... we are very excited," added Mr. Falso. "The total contract should be in the tens of millions of dollars range over the next five years or so."
Dominick Falso was appointed as Hi Score's Chief Operating Officer in January of this year. The appointment was made just weeks after Mr. Falso accepted the position as CEO of Hi Score owned DMD Lighting & Energy Control Systems Inc. Mr. Falso was brought on to bolster the company's lagging gross sales volume. The company is 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 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) 922-5740
SOURCE Hi Score Corporation