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HSCO News .0002

HI SCORE CORP
Symbol U : HSCO
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Hi Score Corporation Executes Letter of Intent to Acquire SEO Company

2012-11-20 08:15 ET - News Release

 

MIAMI , Nov. 20, 2012 /PRNewswire/ -- Hi Score Corporation (PINKSHEETS: HSCO) announced today that it has entered into a Letter of Intent to acquire PRO SEO LLC. a South Florida Search Engine Optimization (SEO) company. The LOI has essentially binds the parties to the transaction contingent on final approval by all members and directors from each party.

Hi Score is acquiring all of the issued and outstanding interest in PRO SEO LLC in exchange for cash and stock in Hi Score. "The price and terms have been agreed upon …we are just waiting on final approval by our board and their members …we hope to execute the final documents very soon but as far as Rich and I are concerned the deal is done. Richard Johnson is the managing member of PRO SEO."

Hi Score announced earlier this year that the Board of Directors had approved a plan to engage in acquisition talks with private companies with a goal of increasing shareholder value. The acquisition of PRO is the first definitive step in expanding and diversifying our portfolio of holdings with a goal of adding shareholder value.

Hi Score CEO, Michael Zoyes reiterated and expanded on his previous remarks: "PRO SEO is neat and clean and I believe that it has tremendous potential. It is really quite a bit more than your run of the mill SEO program… integrated SEO with a Pay Per Click PPC program...creating a hybrid that actually gets measurable results that begin occurring right away, which is indicative of PPC, and allows for the SEO advertising to grow organically, with a boost here and there... and it can be scaled across several price points. Of course the management team comes with the deal. PRO SEO has done what appears to be a superb job at creating a very marketable package that is also geared for bundling the package on a wholesale basis to resellers as well as presenting a brown bag version for retail sale."

Company President Zoyes is still entertaining possible transactions with numerous other interested parties in several different industries.

The company continues to be very optimistic about the future.

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