SOURCE: Hi Score Corporation (Green LED Technology)

January 04, 2010 08:00 ET

Hi Score Closer to Federal Contract

MIAMI, FL--(Marketwire - January 4, 2010) - Hi Score Corp. (PINKSHEETS: HSCO) and its wholly owned subsidiary announced today that it has retained the services of Grant Enterprises of America, a consulting firm specializing in government contract applications. Grant Enterprises will be supervising the final phase of the company's efforts to become a Government Service Administration Vendor.

Pat Grant, President of Grant Enterprises said today that "After extensive research we feel that Green LED Technology is a perfect fit for what the Federal Government is looking for right now...the current administration is very aggressive for improved energy efficiency throughout the government including more efficient lighting in government offices, National Parks and Highways. There is just not an abundance of stable and reliable Energy Saving Lighting Companies that have the strength to handle Huge Federal Projects and are nimble enough to get the projects completed on time and within budget. Green LED Technology fits this profile and is truly positioned to lead the way in this endeavor."

The company began the lengthy and protracted process of getting approved as GSA Schedule Holder in June of 2009. Grant Enterprises feels confident that they can guide Green LED Technology to obtain GSA contracts by the end of the first quarter of 2010.

"The government is spending in excess of $1 million per day through GSA and much of this budget is being spent on green technologies like ours and our products and superior service will enable us to capture many government contracts in 2010 and beyond," said Dror Svorai, President and CEO of Hi Score and its subsidiaries Green LED Technology. "Becoming a GSA Schedule Holder will help us continue to build sustainable value for our shareholders and help America in its quest to reduce its dependence on foreign oil," Further added Mr. Svorai.

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. The Company sells its products directly to 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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