Hi Score Holding - DMD - Agrees in Principle to Consulting Deal With JTW
Apr 21, 2011, 01:46 ET
MIAMI, April 21, 2011 /PRNewswire/ -- Hi Score Corporation (PINKSHEETS: HSCOD) announced today that its holding, DMD Lighting and Energy Control Systems, has agreed in principle to enter into a consulting agreement with New Jersey-based JTW Holdings. The agreement calls for JTW to introduce DMD to several large commercial and government customers.
This announcement comes a little more than one week after the company announced its approval as an approved vendor by the Port Authority of New York and New Jersey. "I have been selling lighting and fixture contracts for a long time," said Dominick Falso, CEO of DMD, "…it is always a matter of who you know…of course you have to be ready to perform…and you have to actually perform…and we are ready. I expect relationships like this agreement with JTW to bear much fruit…large orders."
Dominick Falso was recently appointed as Hi Score's Chief Operating Officer. The appointment was made just weeks after Mr. Falso accepted the position as CEO of Hi Score, owned DMD Lighting & Energy Control Systems Inc. Mr. Falso was brought on to bolster the company's lagging gross sales volume. The company is 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 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, and 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.
SOURCE Hi Score Corporation