SOURCE: Hi Score Corporation

December 15, 2010 06:40 ET

Hi Score Past CEO Locks Up His Shares

MIAMI, FL--(Marketwire - December 15, 2010) - Hi Score Corporation (PINKSHEETS: HSCO) announced today that it has entered into a "Lock Up Agreement" with its Past President and CEO Mr. Dror Svorai, wherein Mr. Svorai agrees to hold his common shares in the company until December 1, 2011. Svorai owns forty 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. Svorai served as Director, President and CEO of the company until April of this year when he stepped down as Director, President and CEO. When Mr. Svorai stepped down the company was saddled with several hundred thousand dollars of debt to outside investors, which was incurred as part of development of the company. 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. "I understand that developing a renewed confidence in the stock again is a slow process... but I see that it has begun," said Svorai. "I believe that I am the largest shareholder and I wanted to tell the world that I have confidence in the future of Hi Score... that is why I have agreed to hold my stock for at least another year... also, I am very excited about the company's recent acquisition of DMD Lighting and Energy Control Systems."

Regarding the lock up, Michael Zoyes, CEO and President of Hi Score, commented that "Having Dror's confidence in our plans is very reassuring... insomuch as he founded the company and has the majority voting bloc... he has the most to gain from our success."

"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 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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