NEWTOWN, Conn., April 29, 2016 /PRNewswire/ -- Halitron, Inc. (the "Company") (OTC: HAON), an equity holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today announced two more letters of intent on key acquisitions.
In following up on the press release dated February 1, 2016, in which the Company announced the signing of three letters of intent, and then shortly thereafter, closed on such acquisitions; Halitron has now signed two more letters of intent and expects to close on the target acquisitions by the end of the second quarter.
Bernard Findley, Chief Executive Officer of Halitron, stated, "We have had an extremely busy start to the year. Four key acquisitions including three niche brands and the acquisition of a diverse factory and warehouse strategically located just over the border near Tijuana, Mexico has setup the solid foundation for our acquisition roll-up strategy for years to come. We have recently signed two more letters of intent for niche brands that will fit perfectly within the vertically integrated business model that we have developed."
In 2016, management is expecting to meet or exceed its 2015 revenues of $1.2 million. The Company continues to focus on developing the Halitron equity holding business model from a public company operating perspective, managing its portfolio holdings, and seeking out additional acquisitions that are both accretive to current operations, as well as, seeking out opportunities in other industries that will create shareholder wealth.
"The next two acquisitions are very strategic in that they are niche brands selling products into the US market while adding two new manufacturing skill-sets to the existing factory setup in Mexico," says Mr. Findley.
About Halitron, Inc.
Halitron, Inc., an equity 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.
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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.
SOURCE Halitron, Inc.