MIAMI, Oct. 22, 2012 /PRNewswire/ -- Hi Score
Corporation (PINKSHEETS: HSCO) announced today that it has been in
final discussions with a South Florida Search Engine Optimization
(SEO) company. The talks are regarding Hi Score acquiring the SEO
company in exchange for cash and stock. The final terms are yet to
be finalized but are expected to be concluded within the next ten
days.
The Company announced earlier this year that the Board of
Directors had approved a plan to engage in acquisition talks with
private companies in the Energy Saving Lighting, Medical Solutions
and Energy Drinks industries. Company CEO Michael Zoyes said earlier this month that he
had "been discussing with the Board...the idea to open up...
acquisition plans to include considering private companies from
other spaces as well as the ones we originally agreed upon." The
Board of Directors recently resolved to "...allow company
management to consider opportunities with companies in any space
provided the deal makes fiscal sense and show potential of
growth."
Since that resolution Company President Zoyes has met with
numerous interested parties in several different industries. "The
gaming deal is still very much alive," said Mr. Zoyes. "I am very
excited about it...as I have mentioned the potential is
huge...but there are a lot of moving parts...we need to finish our
due diligence...should not be much longer...but in the meantime
this SEO deal just sort of fell in our lap. It is neat and clean
and has tremendous potential. It is really quite a bit more than
your run of the mill SEO program. This team has integrated SEO with
a Pay Per Click PPC program...creating a hybrid that actually gets
measurable results that begin occurring right away, which is
indicative of PPC, and allows for the SEO advertising to grow
organically, with a boost here and there... and it can be scaled
across several price points. Of course the management team comes
with the deal. These guys have done what appears to be a superb job
at creating their package and they are geared for bundling the
package on a wholesale basis to resellers as well as presenting a
brown bag version for retail sale."
The "gaming company" that Mr. Zoyes was referring to is an
internet gaming company that the Company announced earlier this
month was a potential acquisition target. As Mr. Zoyes said, "This
deal is still very much alive." The company continues to be
very optimistic about the future.
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.
In August of 2012 the Company resolved to explore acquisition of
other profitable private companies in the Energy Saving Lighting as
well as in the Medical Solutions and Energy Drinks Industries. In
October of 2012 the company expanded its exploration horizons to
include opportunities with companies in any space provided the deal
makes fiscal sense and shows potential of growth.
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:
Hi Score Corporation
Michael Zoyes
President
(954) 990-6827
www.hiscorecorporation.com
SOURCE Hi Score Corporation