Halitron, Inc. Signs Letter of Intent to Acquire $4.5 Million Supply Company

World News: . []

NEWTOWN, CT -- (Marketwired) -- 03/20/17 -- Halitron, Inc. (the "Company," "Halitron") (OTC PINK: HAON), a holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today announced that it has signed its first letter of intent since its $300,000 non-toxic equity raise which was required to boost Halitron's revenue to between $3 and $5 million annually.

Halitron announced on March 6, 2017 that it has closed and drew down on its first tranche of capital that is non-toxic funding.

The letter of intent is to acquire another company in the sales and manufacturing of retail supply products industry, which targets small to mid-size retailers throughout the Unites States.

The target acquisition generated $4.5 million sales and $300,000 in adjusted EBITDA over the trailing thirty-six months.

Bernard Findley, Halitron's President and CEO stated, "This targeted acquisition fits perfectly into the two-existing point of purchase supply brands while having incredible synergies to increase sales through cross-marketing opportunities and to significantly decrease costs through merging operations." The target acquisition will be folded into the operations of its two legacy brands CinchSigns and PiecesInPlaces.

Management is going through due diligence on the target acquisition and anticipates closing the transaction over the next 90 days.

Throughout 2016, Halitron acquired four legacy brands:

Two Printed Point of Purchase Supply Brands:
www.CinchSigns.com
www.PiecesInPlaces.com

Two Archival Grade Scrapbooking Supply Brands:
www.ArchivalPhotoPages.com
www.ArchivalMuseumSupplies.com.

About Halitron, Inc.
Halitron, Inc., a holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then rolling them into an efficient, low-cost operating infrastructure. The Company is structured with two Strategic Business Units; Sales & Marketing Division and a Manufacturing Division. Management targets operating entities that can either benefit from current operating infrastructure or operate autonomously and offer an additional product or service to scale existing operations. For more information on Halitron, Inc., please visit: www.halitroninc.com.

To learn more about our business model, please visit:
http://halitroninc.com/corporate-events/

Halitron is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron is not registered with FINRA or SIPC.

Sales & Marketing Division - Companies that have operations in traditional marketing services and branded sales opportunities.

Current Equity Assets/Holdings:

Manufacturing Division - Companies that have operations in the manufacturing industry.
Current Asset/Equity Holdings:

Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. Halitron, Inc is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron, Inc. is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron, Inc. is not registered with FINRA or SIPC.

More news and information about Halitron, Inc.

Published By:

Marketwire: 10:30 GMT Monday 20th March 2017

Published: .

Search for other references to "halitron" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2017. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us
 

Advertising on SPi News: Information For Advertisers