MIAMI, Nov. 20, 2012 /PRNewswire/ -- Hi Score
Corporation (PINKSHEETS: HSCO) announced today that it has entered
into a Letter of Intent to acquire PRO SEO LLC. a South Florida
Search Engine Optimization (SEO) company. The LOI has essentially
binds the parties to the transaction contingent on final approval
by all members and directors from each party.
Hi Score is acquiring all of the issued and outstanding interest
in PRO SEO LLC in exchange for cash and stock in Hi Score. "The
price and terms have been agreed upon …we are just waiting on final
approval by our board and their members …we hope to execute the
final documents very soon but as far as Rich and I are concerned
the deal is done. Richard Johnson is
the managing member of PRO SEO."
Hi Score announced earlier this year that the Board of Directors
had approved a plan to engage in acquisition talks with private
companies with a goal of increasing shareholder value. The
acquisition of PRO is the first definitive step in expanding and
diversifying our portfolio of holdings with a goal of adding
shareholder value.
Hi Score CEO, Michael Zoyes
reiterated and expanded on his previous remarks: "PRO SEO is neat
and clean and I believe that it has tremendous potential. It is
really quite a bit more than your run of the mill SEO program…
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. PRO SEO has done what appears
to be a superb job at creating a very marketable package that is
also geared for bundling the package on a wholesale basis to
resellers as well as presenting a brown bag version for retail
sale."
Company President Zoyes is still entertaining possible
transactions with numerous other interested parties in several
different industries.
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