Halitron, Inc. (HAON) Buying Back Shares to $0.01 per Share - Streamlining Operations Costs Down 63%
February 06 2018 - 6:59AM
InvestorsHub NewsWire
Halitron, Inc.
(HAON) Buying Back Shares to $0.01 per Share – Streamlining
Operations Costs Down 63%
“Building Shareholder Value
through Strategic Acquisitions”
Miami, FL -- February 6, 2018 -- InvestorsHub 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) just announced the streamlining of operations which
is expected to reduce direct costs by 63% while improving
margins, and ultimately improving the bottom line for shareholders.
The benefits should be noticed on Halitron’s P&L and ultimately
translated to the Company’s balance sheet.
Management has allocated funds for two purchases of Halitron common
stock in the open market, and the Company hopes that additional
funds for purchases of common stock will be available in the future
as a result of the relocation and operational expense
reduction.
Management anticipates that the Company will continue to buy back
shares as cash flows from operations are available. The stock
buyback purchases will be reported in Halitron’s quarterly
filings.
The board has previously approved a stock
buyback of Halitron’s common shares in the open market to a stock
price of $0.01 per share.
Halitron’s mission is to build
shareholder value through strategic acquisitions of high growth
companies that feature distinguishable product characteristics
within lucrative sectors of the marketplace.
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
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.
Other recent developments of Halitron, Inc. (OTC Pink: HAON)
Halitron, Inc. (OTC Pink: HAON) is currently
completing its audit which will allow it to qualify for an up list
to the OTCQB in the early part of 2018.
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 a recent 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.
Halitron, Inc. (OTC Pink: HAON) also 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.
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. (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
Other Companies in the news and featured on EmergingGrowth.com
Unbra Applied Technologies Group, Inc.
Shares of Umbra Applied Technologies Group, Inc. (OTC Pink: UATG) continue to hit
new lows since shares spiked 100% beginning the end of
January. The strange thing is, the stock rose on a total
volume of less than $100,000.00, however in its fall, it gave back
all its profits plus 30% in trading approaching $1 million in
dollar volume. Textbook toxic debt conversion? If so,
we’re going to see trips in the near future.
Have a look at Halitron, Inc. (OTC Pink: HAON)
Central Wireless, Inc.
Skull and Crossbones company Central Wireless, Inc. (OTC: CWIR) has been on a steady
slide giving back 80% over just about the past quarter. Shares
spiked yesterday 150%, potentially minutes before the company
entered “trip zero” territory. There has been no developments
either financial or otherwise with exception to the Attorney letter
filed by Santacroce Law Offices on Feb. 4, 2018. In it, the
firm states that they have been engaged “for the purposes of
compiling the information… for the OTC Disclosure and news
Service.”
LandStar, Inc. (Data443 Risk Mitigation,
Inc.)
After a 450%, 7 day run, Landstar, Inc. (OTC Pink: LDSR) seems to be
making a U-turn. Its blinker is flashing and well see how we
open. The stock gave back about 25% towards the close
yesterday along with many others due to overwhelming profit taking
in the market as a whole. What’s interesting here is
the fact that the company just announced that it “contributes to
Ripple”, which has been down substantially with the rest of the
crypto market.
In the meantime, have a look at Halitron,
Inc. (OTC Pink: HAON). Here’s a
trip two with a market cap of $1,324,000 that just released a
110% increase in Q4 revenue over Q3 to $342,000.00, a stock
buyback to the point of .01, and $3 million in assets being added
to the balance sheet.
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