2012年11月20日星期二

Subsidiary Receives another Commitment for Energy Saving Lighting Purchases



Hi Score Corporation (PINKSHEETS: HSCO) announced today that its subsidiary Green LED Technology has received yet another Commitment for Energy Saving Lighting from DMD Lighting.DMD Lighting which used to be a Hi Score subsidiary was sold off earlier this year. However as part of the sales agreement Hi Score retains a sizable portion of DMD's net earnings. Additionally DMD has been purchasing Energy Saving Lighting from Green Safety goggles  Technology for its various jobs over the past several months. Earlier today DMD notified that it had just received yet another six figure contract and that it will contract with Green LED Technology for the Energy Saving Lighting portion of the Contract.
Hi Score and Green LED President, Michael Zoyes said today that "the sale of DMD at the time was a difficult decision ...it was generating revenue... but it is paying off. We still receive net earnings, we got rid of 150K of high interest debt and we still get lighting business from them. The Energy Saving Lighting Business has been and remains our core business."However in an effort to increase shareholder value, we are actively working toward acquisition of a few privately held companies. Diversifying our portfolio of companies puts the company in a position to earn profits from more than one sector. We are very close to closing a few of the deals...we are very excited about these opportunities. The key is to bring competent, cost effective management on board with each acquisition.Motion sensor light"
It has been a long couple of years although the company continues to be more optimistic than ever about the future.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,Rx glasses 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,Solar Laptop charger 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. In October of 2012 the company expanded its exploration horizons to include opportunities with companies in any space provided the deal makes fiscal sense and shows potential of growth.Swimming goggles

没有评论:

发表评论