SOURCE: Hi Score Corporation

December 03, 2010 08:00 ET

Hi Score CEO Locks Up His Shares

MIAMI, FL--(Marketwire - December 3, 2010) - Hi Score Corporation (PINKSHEETS: HSCO) announced today that it has entered into a "Lock Up Agreement" with its President and CEO, Michael Zoyes, wherein Mr. Zoyes agrees to hold his common shares in the company until December 1, 2011. Zoyes owns two million shares of common stock of the company which he received in October of 2009 as part of the company's merger between Hi Score and Green LED Technology Inc. Mr. Zoyes took over as President and CEO of the company in April of this year when the company's founder, Dror Svorai, stepped down as President and CEO. When Mr. Zoyes took over, the company was saddled with several hundred thousand dollars of debt. The company has been retiring the debt over the past several months which has caused downward pressure on the stock. Now that a significant share of the debt has been retired, the company expects to see a significant relief in this downward pressure. "It has been a turbulent ride... that has caused us to adjust," said Zoyes, "we are however, very optimistic and excited about the upcoming year. I am very excited about our future growth and expansion plans."

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 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, and 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.

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