“Building Shreholder Value through Strategic Acquisitions”
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“Building Shreholder Value through Strategic Acquisitions”
Halitron, Inc. (OTCMKTS:HAON)
MIAMI, FLORIDA, USA, January 31, 2018 /EINPresswire.com/ — Emerging Growth Newswire – EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Halitron, Inc. (OTC Pink: HAON).
Halitron’s (OTC Pink: HAON) mission is to build shareholder value through strategic acquisitions of high growth companies that feature distinguishable product characteristics within lucrative sectors of the marketplace.
The company takes a three-prong approach in its transactions.
Halitron quickly evaluates market dynamics and value in order to negotiate payment terms of any target acquisition.
Halitron uses efficiency in evaluating business metrics including the business model, management team, and areas of differentiation.
Halitron has a seamless method of due diligence, and facilitation to begin the process of integration.
Founded in 2003, Halitron (OTC Pink: HAON) weathered the economic down turn of 2008 within the digital gaming industry, and began a restructuring with Warren Wheeler elected Chairman and CEO in 2014. His vision was to implement a growth model and acquired NDG Holdings, a business processing organization, (BPO) focusing on digital development and marketing in 2015. By 2017, the company was focused on multisector diversification including Beverages, Digital Storage, Manufacturing and Direct Marketing.
Halitron, Inc. (OTC Pink: HAON) and has had a long journey, but is just beginning to realize the fruits of its labor.
Today Bernard Findley sits at the helm as Chairman and CEO of Halitron, Inc. (OTC Pink: HAON). Mr. Findley brings 20 years of experience working with small to mid-sized businesses from acquisition, to maximizing growth, and the ultimate sale of the business.
From 2008 through 2012, he rolled up and then exited 16 brands that, without his guidance, were bankrupt or out of business. Today, these brands exist and are operating under new owners. He then began to develop the latest business model of a roll-up strategy through acquisitions utilizing a small publicly traded company, Halitron Inc.
Recently, Halitron, Inc. (OTC Pink: HAON) announced that it booked $342,000 in revenue for the fourth quarter 2017 which represents a 110% increase in sales over the third quarter 2017.
The company stated in its press release… “With a market cap of only approximately $1,324,000, Management is excited to announce that its sales for the three months ended December 31, 2017, have been recorded at approximately $342,000, which represents an increase of 110% over its previous quarter sales of approximately $163,000, for the three months ended September 30, 2017.”
If sales continue at only half this pace throughout 2018, the company could be looking at over $3 million in sales for 2018.
Some recent developments of Halitron, Inc. (OTC Pink: HAON)
Halitron, Inc. (OTC Pink: HAON) just announced the successful negotiations to modify an existing agreement to reflect the following impact on Halitron’s financial books and records.
Halitron has returned 56 million restricted common shares and 80 million Life’s Time Capsule Services, Inc.’s (“LTCP”) Preferred Stock C shares to LTCP in exchange for the receipt of a note payable for $3 million, bearing interest of 4%, which matures in July 2020.
In the transaction, the assets sold to LTCP in the original transaction will revert to a Halitron asset on its balance sheet. In 2020, upon receipt of the $3 million principal and interest along with Halitron’s Board of Directors’ approval, Management will submit corporation action paperwork to FINRA for the issuance of a cash dividend to its shareholders, of which record, and payment dates will be announced post receipts of the settlement of the note payable for $3 million.
Halitron (OTC Pink: HAON) has also begun to buy back shares in the open market according to the “black-out” periods disclosed in its filing to OTC Markets with the objective to increase its share price to $0.01 per share. The $0.01 share price is one of the requirements by OTC markets to up list to the OTC QB. The number of shares and price paid will be listed in its quarterly filings.
According to OTC Markets, the current market cap of Halitron, Inc. (OTC Pink: HAON) is approximately $2.9 million and as such, its shares can have a dramatic upside.
Previously the company announced that margins are also expected to increase due to its reduction of a manufacturing cell expenses by 65% after a move from Newton CT, to New Hide Park NY.
Halitron, Inc. (OTC Pink: HAON) is also currently completing its audit which will allow it to qualify for an up list to the OTCQB in the early part of 2018.
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Source: EIN Presswire