Hi Score Corp. (PINK:HSCO)
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.
HSCO has a 52 week high of 0.0740 and currently its trading at mere 0.0130. Moreoever, this has been upgraded to "Buy" rating by anlayst at Barcharts !
To add the cherry on the icing, the company announced great news on Friday after market closed suggest the company is headed in the right direction !
Hi Score Announces Sale of Its Subsidiary, DMD Lighting, for Cash and a Share of Future DMD Profits
The company has executed a transaction where Hi Score subsidiary DMD Lighting and Energy Control Systems has been sold to an unnamed private interest. The terms of the transaction, which occurred in the first quarter of 2012, prohibited the public announcement until the second quarter of 2012. The deal allows Hi Score to retain 25% of the profits from DMD over the next three years while losing all liability for continued operating expenses. "We shed over 200 thousand dollars in debt as well as at least a quarter million dollars in annual operating expenses… This is cash that we do not have to spend… The deal is great for our balance sheet and allows us to continue to receive a healthy amount of the profit without being responsible for the day to day," said Hi Score CEO Michael Zoyes
Here is the Industry Analysis for the company !
Current and future economic challenges along with the increasingly widespread awareness of persistent global environmental issues has made it more necessary than ever to adopt energy efficient technologies and this has placed the lighting industry in a particularly auspicious position. As green-building practices mature, increased attention is being paid to extracting incremental savings from newer technologies. Lighting is at the forefront of this initiative because it is the single highest energy end-use across commercial buildings â€“ in fact, estimates suggest that it draws 25% to 40% of total energy use. Cost-conscious building owners and consumers along with utilitiesâ€™ energy-efficiency programs have taken notice and are purposely targeting lighting to achieve notable savings.
LED energy savings are substantially more than the cost of replacement bulb(s) considering that LEDs have an average life span of about 50,000 hours (as opposed to incandescent or high-intensity-discharge lights that have a life span of 3,000 hours or less). That translates into measurable financial savings based on the fact that fewer replacement bulbs must be purchased and LEDs are a consistently better performing product overall, generating a higher intensity light. The typical commercial consumer must be confident that their business will be sustainable (from 5-15 years) in order to appreciate the savings. Considering the challenging economic times that we live in, this narrows the penetrable market somewhat to federal, state and municipal governments as well as condominiums and public schools. Still, as worldwide governments continue to execute economic stimulus programs to combat the global downturn, the outlook for eco-friendly lighting that cuts carbon emissions and saves a significant amount of electricity looks quite positive due to heavy investments in public works projects.
As always, perform your DD and Happy Trading
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