Hi Score Corporation’s subsidiary Green LED Technology has received another Commitment for Energy Saving Lighting from DMD Lighting.DMD Lighting which used to be a Hi Score subsidiary was sold off earlier in 2012. However as part of the sales agreement Hi Score retains a sizable portion of led high bay light net earnings. Additionally DMD has been purchasing Energy Saving Lighting from Green LED Technology for its various jobs over the past several months. Earlier today DMD notified that it had just received yet another six figure contract and that it will contract with Green LED Technology for the Energy Saving Lighting portion of the Contract.
Hi Score and Green LED President, Michael Zoyes said that "the sale of DMD at the time was a difficult decision ...it was generating revenue... but it is paying off. We still receive net earnings, we got rid of 150K of high interest debt and we still get lighting business from them. The Energy Saving Lighting Business has been and remains our core business. However in an effort to increase shareholder value, we are actively working toward acquisition of a few privately held companies. Diversifying our portfolio of companies puts the company in a position to earn profits from more than one sector. We are very close to closing a few of the deals...we are very excited about these opportunities. The key is to bring competent, cost effective management on board with each acquisition.
Deloitte Technology Fast 500 award winners for 2012 were determined based on percentage fiscal year revenue growth from 2007 to 2011. And in order to be eligible for Technology Fast 500? recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues.Rubicon is proud to be part of the Deloitte Technology Fast 500,” said led high bay Parvez, President and Chief Executive Officer of Rubicon. “Drawing on more than a decade of experience and our culture of innovation, Rubicon’s technological leadership extends from raw material and crystal growth through finished sapphire wafers.If the Company is required to change the timing of its recognition of any revenue, there could be a shift in revenue between accounting periods which could constitute material changes to results of operations and financial condition for various periods.
Hi Score and Green LED President, Michael Zoyes said that "the sale of DMD at the time was a difficult decision ...it was generating revenue... but it is paying off. We still receive net earnings, we got rid of 150K of high interest debt and we still get lighting business from them. The Energy Saving Lighting Business has been and remains our core business. However in an effort to increase shareholder value, we are actively working toward acquisition of a few privately held companies. Diversifying our portfolio of companies puts the company in a position to earn profits from more than one sector. We are very close to closing a few of the deals...we are very excited about these opportunities. The key is to bring competent, cost effective management on board with each acquisition.
Deloitte Technology Fast 500 award winners for 2012 were determined based on percentage fiscal year revenue growth from 2007 to 2011. And in order to be eligible for Technology Fast 500? recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues.Rubicon is proud to be part of the Deloitte Technology Fast 500,” said led high bay Parvez, President and Chief Executive Officer of Rubicon. “Drawing on more than a decade of experience and our culture of innovation, Rubicon’s technological leadership extends from raw material and crystal growth through finished sapphire wafers.If the Company is required to change the timing of its recognition of any revenue, there could be a shift in revenue between accounting periods which could constitute material changes to results of operations and financial condition for various periods.
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