Michael nails it.It is a re branded Ibanez. Here's a picture from the Sixties Ibanez Page. Same bass, different headstock shape.
Checked out Hy-Lo since I never heard of them.No info on the company,but the few pictures of their guitars that I found show re branded Ibanez, Zenon, and Teisco made guitars so it's a pretty safe guess that they were another of the many import and distribution companies of that era. It is a cool looking guitar,but that price is really laughable,even if it were in good working and playing order.