|
KORE, SMNG, NUEC, AQUM, IFXY
DGMA, GFGUE, SKH, HFBG, EGOC, HSCO
Our Stocks to Watch today include Kore Nutrition Inc. (OTCBB: KORE), Strategic Mining Corp. (OTC: SMNG), NuEarth Corp. (OTC: NUEC), Aquamer Medical / Aquamer Urban Agricultural Corp. (OTCBB: AQUM), Infrax Systems Inc. (OTCBB: IFXY), Degama Software Solutions Inc. (OTC: DGMA), Getfugu Inc. (OTCBB: GFGUE), Skilled Healthcare Group Inc. (NYSE: SKH), Hall of Fame Beverages Inc. (OTC: HFBG), Energy 1 Corp. (OTC: EGOC) and High Score Corp. (OTC: HSCO).
KORE NUTRITION INCORPORATED (OTCBB: KORE)
"Up 7.69% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/KORE.php
Company Profile: http://www.otcpicks.com/Newsletter/MNA_083110.html
Kore Nutrition Incorporated and the Company's wholly owned subsidiary, Go All In, Inc. is committed to producing premium energy drinks and an advanced purified water to suit the demands of the fast moving world of everyday life. Unlike traditional energy drinks, which can lack great taste and create energy ups and downs, ALL IN Energy is a premium product without sugar, carbs,or excess calories. Alternatively, it uses herbs, vitamins and amino-acids to provide a smooth, sustained sharpening of focus and pure energy. It comes in three unique and delicious flavors: Citrus, Grape, and RootBeer and now AcaiBerry.
KORE News:
August 31 - Cohen Independent Research Group Initiates Coverage of KORE Nutrition Inc. with a Cohen Price Target of $10.50
Kore Nutrition Incorporated (OTCBB: KORE) ("Kore" or the "Company") and the Company's wholly owned subsidiary, Go All In, Inc. ("ALL IN"), are pleased to announce that Cohen Independent Research Group, Inc. ("Cohen") has initiated coverage of the Company with an initial Cohen Price Target of $10.50.
The Cohen Price Target is derived using a combination of four academic and market-based valuation approaches (one of which is the discounted cash flow valuation) that are equally weighted (25%) components used in calculating the Cohen Target Price.
To download the full report please visit Cohen Independent Research Group's website, www.cohenresearch.com or visit ALL IN Energy's investor website: www.allinenergy.net
FEATURED COMPANY
STRATEGIC MINING CORPORATION (OTC: SMNG)
"Up 13.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SMNG.php
Company Profile: http://www.otcpicks.com/Strategic-Mining.htm
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to other key properties and by initiating strategic joint ventures.
SMNG News:
August 31 - Strategic Mining Places Order for Tracked Diamond Core Angular Drilling Rig for Its Vietnamese Gold Property
Strategic Mining (OTC: SMNG) announced that it has made arrangements to purchase a Boart Longyear LF 70 diamond core angular drill rig. The company plans to begin this fall the drilling program outlined by company geologist, Hassan Alief, in the 43-101 report.
The acquisition of the LF 70 diamond core drill rig on a Morooka track system is an important step for the continued development of the Ba Dinh gold property in Vietnam. The completion of the drilling program is necessary to define the gold reserves and to give the exact locations where to begin the mining operations.
The LF 70 will be the first angular core drill rig in Hoa Binh Province and the company has received strong support from the Vietnamese Government for bringing the latest angular core drilling technology to the region.
President, Todd Sterck, commented: "The new drilling rig will enable the company to work throughout all seasons and to initiate drilling programs in previously inaccessible areas."
FEATURED COMPANY
NUEARTH CORPORATION (OTC: NUEC)
Detailed Quote: http://www.otcpicks.com/quotes/NUEC.php
Company Profile: http://www.otcpicks.com/NuEarth-Corp.htm
NuEarth Corporation is a major chemical distributor dedicated to bringing to market "Clean Solutions to Complex Problems". NuEarth offers a broad and diverse range of biodegradable, environmentally friendly products and technologies. NuEarth's mission is to provide substitutes for many of the hazardous chemicals commonly used throughout the world today.
NUEC News:
August 24 - NuEarth Signs Joint Venture Continuation Agreement with Laboratorio Internazionale Agricoltura, S/p/A and Signs Two $750,000 Agricultural Modeling Contracts for a Total of $1.5 Million in New Laboratory Contracts
NuEarth Corporation (OTC: NUEC) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that the company's Laboratory and Research Division "TerraSolv SA" has renegotiated and finalized its Joint Venture Agreement with Laboratorio Internazionale Agricoltura, S/p/A ("LIA") of Italy.
The Finalizing of the Joint Venture Continuation Agreement brings 2 new laboratory projects to TerraSolv. These projects are valued currently valued at more than $1.5 Million over the three-month work schedule starting in October 2010. However, each contact has provisions that could triple the final contact value to more than $6 Million USD over their 12 month life cycle. "We've seen incredible value from the lab, which has paid for itself several times over in its first year of operations. It represents a new, higher standard for doing business in IT throughout the environmental and agricultural industries. We're taking more risk out of the system, putting more structure into it, suffering less downtime and delivering higher-quality services," said Levi Modelevi - CEO of NuEarth Corporation the parent of TerraSolv SA. The TerraSolv SA Laboratory has generated more than $32 Million over its 3 year existence – Mostly due to the Joint Venture with Laboratorio Internazionale Agricoltura, S/p/A.
The joint venture will continue to utilize the TerraSolv SA state-of-the-art development and testing lab currently being relocated to the United States of America. This data center, which collects data from clients around the world to run projects ranging from usability, capacity, spread and weather modeling and performance testing. The heart of the laboratory is a 225-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the software being tested.
TerraSolve/LIA is a state-of-the-art development and testing lab, which collects data from clients around the world to run projects simulations ranging from usability, capacity, spread and weather modeling testing. The heart of the laboratory is a 160-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the modeling software.
FEATURED COMPANY
AQUAMER MEDICAL CORPORATION (OTCBB: AQUM)
(Company will soon be changing its name to Aquamer Urban Agricultural Corporation)
Detailed Quote: http://www.otcpicks.com/quotes/AQUM.php
Company Profile: http://www.otcpicks.com/Aquamer-Urban-Agricultural.htm
To conduct its urban indoor farming business, Urban Agricultural will be utilizing TerraSphere's proprietary system of vertically stacked growing trays that precisely controls light, temperature, water and nutrition to grow fruits and vegetables indoors. These systems are automated, software driven and sensitive to environmental concerns.
Aquamer believes that the market for urban indoor farming is significant. It is estimated that by the year 2050 the world's population will increase by an additional three billion people to well over nine billion inhabitants, with as much as 70 percent of the world's population living in cities or urban areas by 2050, up from 49 percent today. Considering that only about 10 percent of the earth's land is arable, and that more than 80 percent of this agriculturally suitable land is already being exploited, it is projected that there will not be enough horizontal growing space to feed this substantially increasing population. For decades, humans have increasingly sought the economic and physical protection offered by urban centers, but our food production has primarily remained outside these locations where it is subject to the whims of the environment. Urban indoor farming offers the promise of feeding an increasingly hungry world in a highly productive and environmentally friendly manner.
Urban Ag's goal is to promote the sustainable consumption of natural resources through clean technologies, to demonstrate environmentally and socially responsible business practices and to provide good jobs to empower a diverse community-based workforce while at the same time creating shareholder value. Urban Ag's farming activities will offer consumers a healthy, local, sustainable, eco-friendly alternative to large-scale industrial farming, which is highly dependent upon the use of agricultural fertilizers, herbicides and pesticides that may be harmful to consumers and both the agricultural products themselves and also the environment in which they are grown. TerraSphere has provided data showing that its patented vertical farming technology reduces water consumption through a highly efficient closed loop design that requires up to 75 percent less water than conventional field agriculture watering practices. Using these techniques, Urban Ag expects to be able to produce over 50 pounds of product per square foot per year, utilizing a short growing cycle of approximately 42 days versus 50 days for average greenhouse production and as compared to up to 70 days for traditional farming methodologies.
Vertical farming offers a solution for increasing fruit, produce and herb production due to the high density production providing for a much reduced physical footprint and fewer resources relative to field agriculture. Vertical farming systems have the potential for increasing urban food supplies while decreasing the ecological impact of farming including a smaller carbon footprint due to the reduction in fuel required transporting product across the country. Urban Ag's system of pesticide and herbicide free production with closed loop systems that conserves water provides significant potential for the realization of environmentally sustainable urban food production.
AQUM News:
August 17 - Aquamer Medical Corp. Announces Press and Investor Conference, NASDAQ MarketSite, Times Square
Media and Analysts Invited to Attend: CEO to Present Acquisition of Urban Agricultural, Corporate Directions and Exciting Future of Urban Farming Technology
Aquamer Medical Corp. (OTCBB: AQUM) ("Aquamer") announced a Media and Investor Conference. This conference follows on Aquamer Medical Corp.'s recent announcement of their acquisition of Urban Agricultural Corp. ("Urban Ag"), a privately owned company.
When: August 19, 2010, 1:00 PM EDT
Where: NASDAQ MarketSite, 4 Times Square, New York, NY
RSVP required for building security: E-mail
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
or call (917) 680-6011.
Aquamer intends to refocus its corporate energies and to rapidly expand Urban Ag's business of urban indoor farming, the environmentally friendly and sustainable urban production of healthy agricultural products under highly controlled, indoor conditions using advanced techniques and processes.
Senior executives will be available for interviews before and after the video conference. Please contact Bradley Smith, above, to schedule.
FEATURED COMPANY
INFRAX SYSTEMS INCORPORATED (OTC: IFXY)
Detailed Quote: http://www.otcpicks.com/quotes/IFXY.php
Company Profile: http://www.otcpicks.com/Infrax-Systems.htm
Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform incorporates a communications transport and management system, (Grid Mesh™), device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.
IFXY News:
August 26 - Infrax Systems Retains Vivid Infusion for Global Rebranding Campaign
Tampa-Based Firm to Provide Infrax With Integrated Marketing and Contemporary Digital Communications Solutions
Infrax Systems, Inc. (OTCBB: IFXY), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, today announced the company has retained the services of Tampa, Florida-based Vivid Infusion to rebrand the Infrax global image through integrated marketing campaigns and contemporary digital communications solutions.
"Infrax Systems is pleased to retain Vivid Infusion to rebrand our organization as we target critical Smart Grid security applications throughout the world," states Paul J. Aiello, President & CEO, Infrax Systems, Inc. "We are extremely excited about the future growth opportunities for Infrax Systems and will use our rebranding campaigns to educate global Utility companies, about the power our Smart Grid solutions possess to secure the future!"
Key elements of the Infrax rebranding campaigns include a contemporary, informational and interactive website, hard-hitting strategic public relations, aggressive Utility-industry trade event participation as well as through creative digital communications. System security is a vital component and a critical element to ensuring complete Smart Grid performance. Through the corporate rebranding campaigns, Infrax will provide utility companies and their customers, comprehensive communications and management solutions for global Smart Grid applications.
"Vivid Infusion is honored to be chosen for the global rebranding of Infrax Systems," said Thomas Nagy, President of Vivid Infusion. "Infrax Systems has a very dynamic suite of secure Smart Grid solutions for the Energy and Utility Industry. On behalf of our management team, we look forward to proudly developing the Infrax brand identity to ultimately be recognized as the leader in secure global utility communications."
STOCKS TO WATCH
DEGAMA SOFTWARE SOLUTIONS INCORPORATED (OTC: DGMA)
"Up 57.14% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DGMA.php
Degama Software Solutions, Inc. is a leading edge technology company that develops and markets proprietary location based software solutions and applications for consumers and businesses. The company builds applications, or "apps" to make it simpler and more enjoyable for people to share information and get things done together. In a vast world, Degama helps people navigate through their days and travels while at the same time staying connected to their friends, family and the world.
DGMA News:
August 31 - Degama Software Solutions Projects Minimum of $32M in Revenues Through 2011
DGMA to Learn 'Gross Profits' in Several Different Languages
Degama Software Solutions, Inc. (OTC: DGMA) announces 12 month projections of $32 million based on its initiatives summary as it prepares for Q4.
CEO Seijin Ki comments, "Our revenue streams for the next twelve months comes from our co-development deals with different partners worldwide. Including an active, multi-lingual expansion of our core product, VascoNow™, as well as exclusive IP licensing rights worldwide, we are confident that Degama Software Solutions will exceed projections of $32M in gross revenue over the next 12 months." He continues, "This does not include an exciting new development to be announced soon, which will be deployed by the end of this year, which accounts for $7m of the $32m figure. We are confident these projections are conservative and based only on extensive blueprints in market proven sectors and regions, globally."
The Degama Software Solutions model is well-anchored by its flagship Application, the English-speaking version of VascoNow™. Degama's primary core IP is its Geolocation software which powers the VascoNow™ App. Geolocation software has several applications with a decidedly promising future, according to several key industry experts and financial sources.
According to Wikipedia, Geolocation technology is already widely used in multiple industries, including e-retail, banking, media, online gaming and law enforcement, for preventing online fraud, complying with regulations, managing digital rights and serving targeted marketing content and pricing. It's used for Criminal investigations, fraud detection, regional licensing, marketing, social networking, emergency response systems among many other uses.
Some of the most progressive evidence of growth is the exponential increase in global partnerships involving Degama's VascoNow™. Currently the company is in discussion with or under Agreement with strategic partners in respective countries/regions for VascoNow development in various languages including Korean, Japanese, Spanish, Hindi and French, among others.
Ki illustrates, "The overall strategy, which we feel to be a presage for aggregate success, is this: Degama will license our VascoNow™ Application and our Geolocation-based software at no cost to our partners worldwide; in turn, they will develop a VascoNow version in their native language. From there, they will work with our global marketing team to manifest a unified brand and also leverage our different geographical locations to create a global advertising campaign for Multinational companies and we will share all revenues from these territories."
Company executives calculate DGMA revenues to nearly triple by Q3 2012 and will be releasing detailed projection breakdown in the near future, after the announcement of an exciting development utilizing its software in the profitable gaming sector with potential distribution outlets worldwide.
GETFUGU INCORPORATED (OTCBB: GFGUE)
"Up 15.22% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GFGUE.php
Getfugu, Inc.'s revolutionary "See It, Say It, Get It" technology is the first carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to facilitate and encourage users by integrating the mobile phone's core strengths — image, voice and location recognition — into a single customizable application. Additionally, Getfugu offers the only mobile e-commerce platform available worldwide today. The Getfugu platform will soon be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.
GFGUE News:
August 27 - Federal Court Throws Out Frivolous RICO Claims Against Getfugu
Getfugu (OTCBB: GFGUE), the next generation mobile search tool, announced that U.S. District Court Judge George H. King has dismissed a civil RICO lawsuit brought against the Company and its officers and directors. The court determined that there was absolutely no valid basis to file a lawsuit accusing the company of being a racketeer influenced corrupt organization, denied leave to amend, and dismissed the claims with prejudice.
"After a detailed and thorough review of all the allegations, the judge has found that plaintiffs' RICO claims never even should have been filed," said the Company's attorney, John C. Kirkland, a partner at Luce, Forward, Hamilton & Scripps LLP. "They were utterly and completely without any legal merit whatsoever."
"This is a new day for Getfugu," said Rich Jenkins, the Company's Co-Founder. "The floodgates have been opened for a host of new business opportunities that have been held up because of these spurious and unfounded claims. We expect now to be able to swiftly activate our business plan, which emphasizes Augmented Reality in commerce, entertainment, sports, and even politics."
"The Federal Court decision today means that the cloud under which we have unjustifiably been forced to operate over the last nine months has been lifted," observed Carl Freer, GFGU's Co-Founder and Chief Executive. "Having this frivolous lawsuit thrown out will allow us to begin rebuilding revenue and re-establishing stakeholder confidence that was wrongfully put on hold. We look forward to rapidly regaining our advanced position in the further development of 'See it, Say it, Get it' technology to connect consumers and manufacturers."
SKILLED HEALTHCARE GROUP INCORPORATED (NYSE: SKH)
"Up 24.62% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SKH.php
Skilled Healthcare Group, Inc. based in Foothill Ranch, California, is a holding company with subsidiary healthcare services companies, which in the aggregate had trailing twelve month revenue of approximately $768 million and approximately 14,500 employees as of June 30, 2010. Skilled Healthcare Group and its wholly-owned companies, collectively referred to as the "Company", operate long-term care facilities and provide a wide range of post-acute care services, with a strategic emphasis on sub-acute specialty health care. The Company operates long-term care facilities in California, Iowa, Kansas, Missouri, Nevada, New Mexico and Texas, including 79 skilled nursing facilities that offer sub-acute care and rehabilitative and specialty health skilled nursing care, and 22 assisted living facilities that provide room and board and social services. In addition, the Company provides physical, occupational and speech therapy in Company-operated facilities and unaffiliated facilities. Furthermore, the Company provides hospice and home health care in Arizona, California, Idaho, Nevada, Montana and New Mexico.
SKH News:
August 30 - Humboldt County Court Proceedings Postponed
Settlement Discussions Continue
Skilled Healthcare Group, Inc. (NYSE: SKH) announced that further court proceedings in the case entitled Vinnie Lavender, by and through her Conservator, Wanda Baker; Walter Simon; Jacquelyn Vilchinsky vs. Skilled Healthcare Group, Inc., et al (and 22 individually-named California nursing facilities receiving administrative services from Skilled Healthcare, LLC) have been postponed until September 2, 2010. The proceedings were previously scheduled to begin on August 31, 2010. Settlement discussions in the case are ongoing.
HALL OF FAME BEVERAGES INCORPORATED (OTC: HFBG)
"Up 16.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/HFBG.php
Hall of Fame Beverages, Inc. is an innovative new lifestyle company dedicated to building long-term success both through the creation of a unique and recognizable brand name, and through the integration of commercial success with social awareness. Convinced that "success" in business has long been too narrowly defined, Hall of Fame Beverages was founded by a group of visionary beverage industry executives who shared a common goal of leveraging the power of commerce in a way that was consistent with their desire to foster greater inclusion in the business world. The team of seasoned industry executives have set out to become one of the leaders in the beverage industry through developing, distributing and marketing their signature product lines.
HFBG News:
August 31 - Hall of Fame Beverages Expands Distribution and Animates Grand Ma Ma
Hall of Fame Beverages, Inc. (OTC: HFBG) CEO Steve Hendricks announces the shipment of Grand Ma Ma's Sweet Southern Tea is on its way to New York. Elmira Distribution in Elmira, New York will soon be receiving two container trucks of the company's product. Each container carries 2100 cases of tea.
In addition, Hendricks announces Specialty Foods Group in Long Island, New York, will be responsible for servicing all of Hall of Fame's products in 7-Eleven stores, King Kullen Supermarkets, Waldbaums Supermarkets, Safeway Stores, and Key Foods stores among other accounts on Long Island. Specialty Foods Group will be receiving more than 2100 cases of the company's product.
Steve Hendricks and Louis Restivo are feverishly placing the product in the distribution network between Philadelphia and Pittsburgh, Pennsylvania, including the Scranton, Wilkes-Barre, Altoona, and Erie markets. The company will be using L A May Distributing in Central Pennsylvania and Larry Myers will be receiving more than 2100 cases of the product to put on shelves immediately upon arrival.
Hendricks and Restivo are developing the entire New England area, New Jersey and the Mid-Atlantic states. Hendricks says he's ready to get products on the shelves immediately: "We are working hard to put this product in every state, and I am structuring this company to go national." Restivo added, "I will be there every step of the way, and we will brand this product nationally."
Both Hendricks and Restivo said the demand for Grand Ma Ma's Sweet Southern Tea has pushed the company to make the decision that the tea will be the company's main focus in the months to come. A new flavor of tea, Sweet Summer Peach, is already being readied for production. More than 300,000 bottles of the Sweet Summer Peach, an all natural, black tea, have been ordered and are ready for production in the company's second production run of the tea brands.
Atomic Dogg Super Soda will be produced when the company meets the demand for the tea. Former NBA player, and the man behind the character Grand Ma Ma, Larry Johnson said, "The tea is in demand right now and it's a ready-made marketing campaign, so it makes sense to focus on our strength right now."
Johnson and company executives are currently meeting in Las Vegas, Nevada, to finalize a deal with a major casino chain that has casinos in Las Vegas and many other areas around the country to carry the sweet tea products. Pricing and a marketing campaign are being negotiated before the casino takes the product. Johnson said, "Grand Ma Ma's Sweet Southern Tea is a natural fit in Las Vegas. This is where I got my start, and I came back here to get my degree and stayed, so I would love to make this work in Vegas."
The company also announces that it has paid Slappy Studios to put together an animated television commercial campaign featuring Grand Ma Ma. Slappy Studios worked on the Transformer films, and will be animating Grand Ma Ma in a 30-second television commercial that will air on ESPN, MTV, and BET, among other major networks. The studio has developed the animated commercial and is currently working to finish the project. Larry Johnson will be in Los Angeles, California, later this week to do the voice work for his Grand Ma Ma character. Johnson has done work with Coca-Cola, McDonald's, And1, Converse and many other brands and helped to generate hundreds of millions of dollars in sales revenue.
ENERGY 1 CORPORATION (OTC: EGOC)
"Up 87.50% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EGOC.php
Energy 1 Corporation is a US based Energy Research and Development Corporation, which is developing energy and emission solutions for the post carbon economy for the transportation industry.
EGOC News:
August 31 - Energy 1 Corp. Short Lists Manufacture for Its ExhausTek and IonTek Emission and Energy Saving Technologies
Energy 1 Corp. (OTC: EGOC) (Frankfurt: D8i) announced that it has short listed several manufactures for its ExhausTek and IonTek emission and energy saving technologies.
According to the company's recent news release (June 9, 2010) of its strategic outline, it has successfully short listed the manufacture of its ExhausTek and IonTek emission and fuel saving technologies. The key hurdle was the ceramic covering of several of its components which have been successfully resolved by the capabilities of the short listed manufacture groups. The Company is anticipating making an announcement on a definitive agreement by the mid to end of September, 2010.
"We are currently short listing several manufactures that can grow with our corporate needs as well as having the flexibility to move from proto type to full scale manufacturing all under one roof," stated Mr. Dean Steiger, President of Energy 1 Corporation.
HI SCORE CORPORATION (OTC: HSCO)
"Up 14.29% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/HSCO.php
Hi Score Corporation is a leading 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 News:
August 19 - Hi Score Corporation Enters Agreement for Energy Saving LED Street Lights
High Score Corporation (OTC: HSCO) announced that it has entered into a licensing agreement with NexPhase Lighting whereby Hi Score will work together with NexPhase to develop a line of Energy Saving LED Street Lights and Parking Lot Lights.
Over the past year, Hi Score, through its subsidiary Green Led Technologies has been attempting to enter into an agreement with a local manufacturing company wherein GLT would become the owner of the design and all intellectual Property rights to a line of Energy Saving LED Street and Parking Lot Lights. This milestone has been and still is the primary thrust of the company's business plan. The achievement of this goal has been contingent upon the fulfillment of certain funding agreements that have been previously disclosed.
In spite of earnest efforts on the part of management this funding has not fully materialized. As a result, the previous President of the company, Dror Svorai, stepped down from his position as CEO and created an LED Lighting Factory. This new factory, NexPhase Lighting has entered into a favored agreement with Hi Score wherein Hi Score will become a beneficial owner of a line of American Made Energy Efficient LED Street Lights and Parking Lot Lights. The agreement favors Hi Score insomuch as Hi Score will own all Intellectual Property Rights to these lines of products at a price that Hi Score can afford without obtaining additional funding.
The American Made Energy Efficient Street Light Line will be produced under The Green Led Technology Label. The prototype is expected to through testing by October and is expected to be ready for distribution by the end of the year. This will enable the company to begin distributing the line through its contracted wholesale distributor within the first quarter of 2011. The company's business plan has set a goal of selling one million Street lights over the next ten years which should generate over half a billion dollars in revenue during that period.
Michael Zoyes, CEO of Hi Score, said, "This has been a long road with many obstacles but Dror and I do not have any quit in us. We both believe that there is always a way to meet your goals and we fully expect to meet ours."
|
