NEWTOWN, Conn., Feb. 10, 2015 /PRNewswire/ -- Halitron, Inc.
(OTCPK: HAON) is excited to announce the acquisition of
iDealFurniture, LLC., a national network of independent furniture
brokers, leveraging online websites through the acquisition of web
properties including www.iDealFurniture.org,
www.bigticketbroker.com, www.kozyart.com, www.kozyfurniture.com,
www.kozypatio.com, www.KozySofa.com, www.iDealFurniture.info,
www.MemoryZzz.com, and www.perfectdreamer.com. The Company
currently has setup 17 Regional Market Developers, 45 Distribution
Centers and over 250 Brokers, with initial sales in 2014 totaling
$800,000. "The iDealFurniture
business model is very attractive in that it leverages a large
and growing field force of independently owned territories with
online marketing and educational tutorials. In total there
are over 40 web domains that have been acquired. Larry Kozin, the Founder of iDealFurniture
opened his first furniture store in 1982 and has been an innovator
in the Industry for over 30 years. Larry states, "The acquisition
by Halitron, Inc. will enable iDealFurniture to begin to acquire
and convert the struggling Mom & Pop stores that are on the
verge of closing their doors. The Company hopes that this strategy
will enable iDealFurniture to become a recognizable name in
the United States by the end of
the decade.
iDealFurniture President, John
Bellave, who heads up the national expansion department
states, "The brick and mortar furniture retailers have had a very
difficult period due to the economy and expensive retail setup and
operations."
"Over 75% of small independent stores have closed down since
2008. While the industry sales are in the billions, according
to Furniture Today, Larry and John have created a low cost business
opportunity for the experienced, as well as the newbie furniture
broker, by setting up the business at a low cost and allowing the
entrepreneur to lever the purchasing power of many through
IDealFurniture's conduit. By leveraging our existing
resources on the marketing side with the buying power of a single
buying agent in IDealFurniture we expect sales growth in the
future," says Bernard Findley, Chief
Executive Officer of Halitron, Inc.
The business model involves selling home based businesses,
regional territories, and distribution centers for one revenue
stream and the Company also receives a second revenue stream
through a commission on the sale of product.
The company is currently completing its audit which is expected
to be completed by the end of May, 2015. Halitron, Inc.
acquired the business for the issuance of 20,689,655 common stock
shares along with up to 5,000,000 options with a December 31st, 2015 strike price of
$.052 based on achieving certain
financial milestones.
About Bernard Findley
Mr. Findley is experienced in growth opportunities as well as
distressed acquisitions and work-outs. He communicates with
the investment community and operational teams in order to execute
on strategic plans that are intended to benefit shareholders.
Since 2008, he has acquired and consulted for over 16 brands that
were bankrupt, distressed, and/or insolvent. Through these
acquisitions, Mr. Findley gained invaluable experience with
disappointed equity holders, senior lenders, unsecured vendors, and
customers. While the turnaround world often comes with
delivering "negative" messages, Mr. Findley has salvaged value on
assets when many thought there was none. Please check out Mr.
Findley's public profile on LinkedIn at
https://www.linkedin.com/in/bernardfindley/.
About Halitron, Inc.
Halitron, Inc., formerly Teknik Digital Arts, Inc.,
engaged in the development and marketing of interactive gaming
software to play on cell phones, personal computers, and game
consoles. Over the coming weeks the Company will
announce a new mission statement and outline its strategic plan
which involves acquiring related sales & marketing as well as
manufacturing businesses and rolling them into one very efficient
and low cost operating infrastructure.
Launie McDaniel
www.halitroninc.com
Investor Relations - info@halitroninc.com
3 Simm Lane, Suite 2F, Newtown,
CT 06470 - 1-877-710-9873
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SOURCE Halitron, Inc.