Latest Sales Figures From Hi Score Corp Subsidiary Exceed Initial Projections
MIAMI, June 16, 2011 /PRNewswire/ -- Hi Score Corporation (PINKSHEETS: HSCO), a supplier of eco-friendly lighting products, announced today that its subsidiary, DMD Lighting & Energy Control Systems Inc., is expecting to exceed its projected sales figures for the second quarter of 2011.
In a statement from this morning's managers meeting, DMD Lighting indicated that second quarter sales are on track to significantly exceed original estimates and the company should end the second quarter 'well north of $500K, and could exceed $750K.'
"The increased revenue generated by early second quarter sales is greater than what DMD had predicted earlier in the year, and by the end of the second quarter, the company expects to be averaging 500K in sales per quarter."
"Sales have far exceeded our initial projections. There are still two weeks left in the quarter and we have many irons in the fire that are getting hot," stated DMD President Dominick Falso. "Most importantly, these new estimates are based on hard numbers from deals that have already closed."
Mr. Falso went on to add, "There are quite a few huge deals that we are working on...any number of which could multiply our annual sales figures by 50% or more, but I'm only basing our progress on what we have in hand right now. We are all committed to growing this company on a sure and steady pace."
Dominick Falso was recently appointed as Hi Score's Chief Operating Officer. This appointment was made just weeks after Mr. Falso accepted the position as CEO of Hi Score subsidiary, DMD Lighting & Energy Control Systems Inc. Mr. Falso is inspiring optimism by fulfilling the mandate of his appointment to bolster the company's lagging gross sales volume in such a short period of time.
About Hi Score Corp
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 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.
CONTACT: Hi Score Corporation
Michael Zoyes, President (954) 922-5740
www.hiscorecorporation.com
SOURCE Hi Score Corporation
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