SOURCE: Hi Score Corporation (Green LED Technology)

May 04, 2010 08:07 ET

Hi Score Forges Forward Into the Municipal Market Valued at Over $1 Billion USD

MIAMI, FL--(Marketwire - May 4, 2010) -  Hi Score Corporation (PINKSHEETS: HSCO) announced today that it has entered into a consulting agreement with Avael & Associates to pursue new municipal contracts as well as help the closing of existing tenders. The LED street light market is estimated at over $1 billion USD annually and poised to reach $3 billion by 2013 and Global markets are estimated at $17.6 billion USD.

According to the company, Mr. Julio Avael, the founder and lead consultant will manage the Hi-Score account and seek to increase the tenders over the next several months. The company is confident that it can increase revenue and can achieve profitability in fiscal 2010. In addition, the company believes that it can bring in approximately $15 million in additional revenue if it can close some of the undisclosed tenders currently being evaluated.

"Mr. Avael's 15 years experience in Municipal Administration will bring tremendous insight in obtaining and winning these tenders," said Michael Zoyes, the New President and CEO of Hi-Score Corp. "We truly have someone of experience, who has been in the shoes of the City Manager in Key West as well as County Manager in Douglas County, Nevada," further added Mr. Zoyes.

About Hi Score

Hi Score Corporation is a leading 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.

Contact Information

  • CONTACT:
    Hi Score Corporation
    Michael G. Zoyes
    President
    (954) 922-5740
    www.hiscore-ir.com