Investors Hangout Stock Message Boards Logo
  • Home
  • Mailbox
  • Boards
  • Favorites
  • Whats Hot!
  • Login - Join Now!
ALERTS, HOT STOCKS & CHARTS
Posted On: 08/16/2012 8:52:24 AM
Post# of 145202
Avatar
Posted By: lucyinthesky

HSCO News



Hi Score Corporation in Talks with Medical Billing Company Regarding Possible Merger




2012-08-16 07:30 ET - News Release






MIAMI, Aug. 16, 2012 /PRNewswire/ -- Hi Score Corporation (PINKSHEETS: HSCO) announced today that its President, Michael Zoyes has been in serious discussion with a Miami based Medical Billing Company. The talks involve the acquisition of the Medical Billing Company by Hi Score Corporation.


The Medical Billing Company that is involved with the discussions is a private company that is in a growth stage. "If we can make this happen we will be adding approximately 1 million dollars per year to our EBITDA and we will be postured to expand to other sections of the Medical Solutions Industry," said Mr. Zoyes. "Our discussions have become more definitive…we expect to make a final determination regarding this possible acquisition within 45 days…things look promising and we are hopeful…"


This announcement comes just days after the Board of Directors issued a resolution approving the expansion of the company's business model. The expansion revolves around the company seeking out profitable existing companies for acquisition in three specific sectors: Energy Saving Lighting, Medical Solutions and Energy Drinks. "We are committed to expanding our base… in that light, we are determined to enter the Medical Solutions Industry…the industry is profitable and growing. The changes that have been brought about by recent legislation have opened up tremendous opportunities," continued Mr. Zoyes.


The company continues to be very optimistic about the future.



(0)
(0)









  • New Post - Investors HangoutNew Post

  • Public Reply - Investors HangoutPublic Reply

  • Private Reply - Investors HangoutPrivate Reply

  • Board - Investors HangoutBoard

  • More - Investors HangoutMore

  • Keep Post - Investors HangoutKeep Post
  • Report Post - Investors HangoutReport Post
  • Home - Investors HangoutHome
  • Mailbox - Investors HangoutMailbox
  • Boards - Investors HangoutBoards
  • Favorites - Investors HangoutFavorites
  • Whats Hot! - Investors HangoutWhats Hot!
  • Settings - Investors HangoutSettings
  • Login - Investors HangoutLogin
  • Live Site - Investors HangoutLive Site