Significant increase in revenue due to the acquisition of The Hopp Company Assets on August 18, 2017
NEWTOWN, CT, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Halitron, Inc. (the “Company,” “Halitron”) (OTC: HAON), a multisector holding
company, is pleased to announce the financial results for the quarter ending December 31, 2017. Below are a list of financial and
operational updates:
- Sales have increased to approximately $407K in Q4, 2017, which represents 150% over approximately $163K for Q3 3017.
There were no sales for 2016 to compare, as the strategic acquisition is now the foundation for the team to build on.
- Direct Gross Margins for the portfolio manufacturing company were 65.6% for the quarter.
- Management has successfully relocated Hopp assets to the low-cost Connecticut facility and began shipping orders without any
delays. Management anticipates exiting the Long Island facility over the coming months which will further reduce overhead
costs and increase margins.
- Management has recruited and hired numerous employees to help support the 2018 growth plan including: sales, digital
marketing, finance, and accounting.
- New products and promotions have been launched and the business has already received positive feedback on these efforts
through increased communication with its customers and additional orders.
- Management has begun to and is committed to acquiring additional shares back in the open market to help support an increase
in share price, of up to $0.01 per share. This is done in an effort to meet one of the qualifying factors of an up-list to
the OTCQB.
- A US GAAP audit, another qualifying factor for the uplist to the OTCQB will commence quickly as the relocation of the HOPP
assets is now nearly complete. Management will provide an update over the coming weeks on a more precise timeline on its
completion.
Growth and shareholder valuation has always been Halitron’s priority. We are excited to see the prior two years of hard
work come to fruition. Halitron has been looking into other acquisition targets in many growth sectors as a further
investment for our shareholders, but in order to differentiate ourselves from the masses, we will only enter into a transaction
with a company that has an already established foothold in a specific growth space.
About Halitron, Inc.
Halitron, Inc., a multisector holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then
rolling them into an efficient, low-cost operating infrastructure. 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.
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.
Twitter:
@HAON_official
@HOPPCOMPANIES
Facebook:
@haon.inc
@Hopp Companies, Inc.
Instagram:
@haon.official
@hoppcompanies.inc
LinkedIn:
@haon-official
@hopp-companies
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.
Contact: Halitron Investor Relations 3 Simms Lane, Suite 2F, Newtown, CT 06470 1-877-710-9873 www.halitroninc.com info@halitroninc.com
