Halitron, Inc. (OTC Pink: HAON) Signs LOI for $4.5 million Acquisition Target, First Since Non-Toxic Funding

Date : 03/20/2017 @ 6:40AM
Source :InvestorsHub NewsWire
Stock : Mydx, Inc. (PC) (MYDX)
Quote : 0.0036  -0.0001 (-2.70%) @ 4:10PM

Halitron, Inc. (OTC Pink: HAON) Signs LOI for $4.5 million Acquisition Target, First Since Non-Toxic Funding

Halitron, Inc. (OTC Pink: HAON) Signs LOI for $4.5 million Acquisition Target, First Since Non-Toxic Funding

Miami, FL--(InvestorsHub NewsWire March 20, 2017) 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).

HAON may not be at these levels much longer.

See the Press Release and more on Halitron, Inc. (OTC Pink: HAON) at EmergingGrowth.com

http://emerginggrowth.com/?s=haon

Halitron, Inc. (OTC Pink: HAON) just announced that it has signed its first letter of intent since its $300,000 non-toxic equity raise which was required to boost Halitrons revenue to between $3 and $5 million annually.

Halitron, Inc. (OTC Pink: HAON) announced on March 6, 2017 that it has closed and drew down on its first tranche of capital that is non-toxic funding.

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

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

Halitron, Inc. (OTC Pink: HAON) also recently announced that that they closed on the $300,000.00 in financing (announced in their press release of February 27, 2017), necessary to boost revenue of its four existing legacy brands to between $3 - $5 million annually.

Fortunately for HAON shareholders, unlike many early stage companies, the $300,000 financing is in the form of a non-toxic (i.e., the debt thereunder is not convertible into equity at a discount to prevailing market prices), one year credit facility whereby the Company may draw down minimum increments of $5,000, up to a total of $300,000, which carries an annual interest rate of 8%.

Halitron also recently engaged Freidman LLP to perform an audit of Halitron in preparation for listing on the OTCQB market. The audit is expected to be completed by the end of March 2017 followed by the filing of an annual report (Form 10-K) with the SEC and an application to be listed on the OTCQB as a fully reporting company by mid-year 2017.

Halitron, Inc. (OTC Pink: HAON) also recently announced that it is in the final stages of a spin out and merger transaction that has been in the works for the past three months.

Two of Halitron, Inc.s wholly-owned brands are in the process of being spun out into an online social marketing / digital storage company which is currently a public company.

Shareholders of Halitron, Inc., (OTC Pink: HAON) are currently expected to receive a stock dividend of 40 shares of the new Companys common stock for every 1,000 shares of Halitron, Inc.s common stock owned, subject to review and approval by FINRA.

Halitron, Inc. is expecting to announce an update on the spin out, merger, and dividend details of the two major projects which were also included in the press release of February 27, 2017.

HAON may not be at these levels much longer.

See the Press Release and more on Halitron, Inc. (OTC Pink: HAON) at EmergingGrowth.com

http://emerginggrowth.com/?s=haon

Other Companies in the news and featured on EmergingGrowth.com

V Group, Inc.

V Group, Inc. (OTC Pink: VGID) has been showing signs of life over the past 3 trading sessions yielding 2,900% in gains before giving back 25% of that on Friday. This is all after the reporting of absolutely zero news events from the company. The Bollinger Bands have broken out and the candlesticks indicate a downturn.

Have a look at Halitron, Inc. (OTC Pink: HAON)

MyDX, Inc.

MyDX, Inc., (OTCQB: MYDX) following an Investor Presentation piece by Seeking Alpha, realized a nice 70% gain on its highest volume day of the year. Over the next five trading days, the stock realized an additional 90% before giving some back Friday after the companys press concerning the resolution of Key Liabilities.

MMEX Resources Corporation

MMEX Resources Corporation (OTC Pink: MMEX) had a wicked 9 trading sessions as the price went north to the tune of 9,000% as volume started to thin out about five trading days into it. This was about the time that the company announced its financial review and outlook on March 13.

More recently, last Friday, the company announced in the form of a NT-10Q that its filing for the quarter ending January 31, 2017 will be made late.

About EmergingGrowth.com

EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies. Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

Disclosure:

All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks.  This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://www.emerginggrowth.com/disclosure-4266/. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.

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