SOURCE: Hi Score Corporation

March 25, 2011 07:30 ET

Hi Score Enters Funding Agreement With Meridian Working Capital

MIAMI, FL--(Marketwire - March 25, 2011) -  Hi Score Corporation (PINKSHEETS: HSCOD) announced today that it has entered into an agreement with Meridian Working Capital of Phoenix Arizona. The agreement provides up to $150,000 in Purchase Order Financing for the Company. The $150,000 is available immediately. The agreement with Meridian is one component in a package that provides the Company with up to $500,000 in Purchase Order and Inventory Financing. This package also includes $200,000 in long term inventory financing from a private investor that was funded last week. The investor has committed an additional $150,000 to the Company when and if needed.

The agreement with Meridian comes just days after the Company hired Weinberger Consulting. One of the main reasons that Weinberger was hired was specifically to help the Company obtain funding that is not dilutive to the Company's shareholders.

"I am very pleased with the pace that Weinberger is moving," said Michael Zoyes CEO for Hi Score. "A lot of moving parts are coming together... Dominick (DMD Lighting) is bringing the orders in and Eric (Weinberger) has seen to it that we are financially prepared to fill the orders... I am very enthusiastic about our next quarter... it looks as if Dominick will hit his goal."

Mr. Zoyes was referring to the commitment that Dominick Falso made when he came on board with the Company in January 2011, wherein Dominick indicated "... Hi Score's gross volume should reach at least $500,000 per quarter by the second quarter of 2011." Dominick commented that the lighting business is out there for us to get... and now we are more prepared than ever to go out and get it."

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.

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