SOURCE: Hi Score Corporation
MIAMI, FL--(Marketwire - Jun 6, 2012) - Hi Score Corporation (PINKSHEETS: HSCO) announced today that it has once again resolved to renew its efforts to go after sales in the ever growing Energy Saving LED Streetlight market. The company has been developing relationships with American manufactures in an effort to be able to sell a private labeled Energy Saving LED or Induction Street Light at a price that makes sense for the buyer.
"The Energy Saving Streetlight Market is huge... beyond huge," said Dominick Falso, COO of Hi Score and CEO of DMD. "The past year has been very busy and admittedly we simply did not make the progress in this arena that I had hoped for... we are not that far away from being able to get back in the hunt. The Energy Saving Street Light Market is riper than ever... both Energy Saving Induction Lighting and Energy Saving LED have their place in this billion dollar market. I am very excited about the opportunities that we have in front of us to sell millions of dollars into this market... I have been speaking to prospects that could begin to materialize sooner rather than later. To be clear, we can continue to resell other companies and still make a good profit, I just think that we are leaving money on the table by not having our own brand name on Energy Saving Street Lights... and not only street lights per say. There are other applications for exterior lighting such as parking lots, State and Municipal Parks and others. Our focus will continue on the Federal Rebate Programs that are in place by the United States Department of Energy. They still have billions of dollars allocated for Energy Saving Exterior Lighting... even a very small percentage of this can mean millions of dollars in revenues for our company... that is what we are targeting."
Dominick Falso was appointed as Hi Score's Chief Operating Officer in January of last year. Mr. Falso was brought on to bolster the company's lagging gross sales volume. His efforts began to be fruitful toward the end of last year and the first quarter of this year. The company has a lot of confidence in Mr. Falso's ability to continue to move the company forward by identifying, advancing toward and obtaining profitable jobs for the company.
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.