Halitron, Inc. Announces Stock Buyback Program Of Up To $0.01 per Share
- Yesterday’s News Created a 500% Gain From .0001 to .0006 on 2 billion+ Shares traded
- Recently bought the assets of The Hopp Companies Inc for $700,000
- Board Approves Stock Buyback in the Open Market up to $0.01 per share
- Recently acquired the liabilities from EROP Capital, LLC
- Strong leadership from Bernard Findley, CEO
- Extensive Portfolio of holdings in Sales, Marketing And Manufacturing Companies
Asset Purchase of Hopp
On or about August 18, 2017, Halitron, Inc. (the “Company”) entered into an Asset Purchase Agreement with The Hopp Companies Inc, a New York corporation, and Hopp Management, Inc., a New York corporation (collectively, “Hopp”), to acquire certain assets and assume certain liabilities of Hopp necessary to operate Hopp’s manufacturing business, for the total purchase price of $700,000. The purchased assets include cash, accounts receivable, customer and vendor lists, inventory, equipment and other fixed assets, lease and business contract rights, Hopp’s trade name, and other general intangibles. On or about September 29, 2017, the Company closed on the acquisition.
The foregoing description of the purchase agreement and its terms is qualified in its entirety by the full text of the agreement, filed as Exhibit 10.1 to, and incorporated by reference in, this report.
EROP Capital, LLC Liabilities
On August 22, 2017, Halitron, Inc. (the “Company”) entered into a Settlement Agreement and Stipulation (“Agreement”) with EROP Capital, LLC, a Florida limited liability company (“EROP”). Pursuant to the Agreement, EROP acquired outstanding liabilities of the Company in the principal amount of at least $1,157,559.20.
Board Approves Stock Buyback in the Open Market up to $0.01 per share
NEWTOWN, CT–(Marketwired – Oct 30, 2017) – Halitron, Inc. (the “Company,” “Halitron”) (OTC: HAON), a multisector holding company, today announced that the Board has approved a stock buyback of Halitron’s common shares in the open market up to a stock price of $0.01.
Management and the Board agree that since the acquisition of The Hopp Companies, Inc, which is a profitable company projecting positive cash flows from operations, these initiatives should allow Management to be able to deploy cash flow in a manner to increase shareholder value by engaging in a stock buyback program to place shares back into treasury.
Previously, Management had announced the efforts to complete an audit to up list to the OTC Markets QB level. To complete the OTC QB application, the following must be achieved:
Step 1: Determine Eligibility
Audited annual financials prepared in accordance with U.S. GAAP by a PCAOB auditor. (Regulation A Companies are exempt from the initial requirement).
Be Alternative Reporting.
Have a minimum bid price of $0.01 as of the close of business for each of the last 30 calendar days.
May not be subject to bankruptcy or reorganization proceedings.
Must have an SEC registered Transfer Agent.
Meet Corporate Governance Standards: a) Have a board of directors that includes at least two Independent Directors; and b) Have an Audit Committee, a majority of the members of which are Independent Directors on board independence (Alternative Reporting only).
Step 2: Submit OTCQB Application Materials along with an application Fee ($2,500).
Step 3: Upload Documents through http://www.otcmarkets.com/services/companies/otcqb/apply
Alternative Reporting Companies: Disclosure must be posted through www.OTCIQ.com for the prior two years pursuant to the OTCQB Standards along with Verified Company Profile and CEO/CFO Certification document.
Step 4: Submit the Annual Fee ($10,000).
Step 5: Begin Trading on OTCQB.
After reviewing the guideline issued by OTC Markets on an Alternate Reporting Pink to up list to the QB, Management feels that following the guidelines rather than filing an expensive Super Form 10-K or Form 10 with the SEC, will be more efficient and less time consuming. Management is hoping to complete all of these requirements by the end the first quarter of 2018.
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.
About CEO Bernard Findley
For the past 20 years, Bernard Findley has been working with small- to mid-sized businesses. The first part of his career was spent capitalizing on growth opportunities, during which time he would build up sales and sell recovering businesses. Over the past five years, Findley has rolled up and subsequently exited 16 brands that, without his guidance, were on track to go bankrupt or out of business. Today, these brands still exist and are operating under new owners.
While growth initiatives are very different than turnaround work, Findley has gained extremely valuable knowledge in recent years regarding how to take advantage of strengths within a business, reshape the business plan, and then execute on the deliverables. He has worked in many industries, such as medical devices, promotional products, and direct marketing, to name a few.
Vast Portfolio of Holdings
Halitron’s portfolio holdings are structured into two strategic business units, including a Sales & Marketing Division and a Manufacturing Division.
Sales & Marketing Division – Companies that have operations in traditional marketing services and branded sales opportunities
NDG Holdings, Inc. – Acquired January 2015
A Business Processing Organization (BPO), NDG Holdings focuses primarily on digital marketing, including web development, email campaigns, PPC and SEO. When it was acquired in 2015, NDG Holdings had sales of less than $200,000, but its existing infrastructure was highly scalable, making it of great benefit to future add-on acquisitions.
www.PiecesInPlaces.com – Acquired February 2016
PiecesInPlaces is a leading direct marketing brand that primarily sells vinyl file folders, pages and pouches to the medical, dental and manufacturing industries. Included in this acquisition, Halitron gained access to an existing client list totaling more than 40,650 customers, the www.piecesinplaces.com website and a library of digital artwork files that can be used for print and email blast campaigns. Halitron’s management team has previously estimated that the company’s roll-up business model will increase PiecesInPlaces’ gross profit margin by approximately 35 percent moving forward, as the company benefits from manufacturing its products through Halitron’s existing manufacturing infrastructure.
www.ArchivalMuseumSupplies.com – Acquired March 2016
ArchivalMuseumSupplies is a brand that sells archival-grade storage products, such as metal edge storage boxes, envelopes, sleeves and bags, made with high quality materials that help preserve valuable contents for extended periods of time. The company’s target customer base includes museums, libraries, archivists and professional photographers. Through this acquisition, Halitron gained access to a client list totaling more than 128,500 customers, as well as the www.archivalmuseumsupplies.com website and a library of digital artwork files for print and email blast campaigns.
In a news release announcing the acquisition of ArchivalMuseumSupplies, Findley stated, “ArchivalMuseumSupplies competes in a niche market that has lower risks associated with economic downturns as the product is a staple within the niche archiving community. The brand also opens up the opportunity to evaluate digital archiving based on leveraging the current customer base with new products and services.”
www.ArchivalPhotoPages.com – Acquired March 2016
ArchivalPhotoPages is a leading direct marketing brand selling archival-grade scrapbooking supplies, such as photo albums, photo pages, genealogy, stamp and coin storage products. The company’s target customer base includes scrapbookers, ancestry and genealogy clubs, and prosumer photographers. Through this acquisition, Halitron gained access to a client list totaling more than 148,600 customers, the www.archivalphotopages.com website and a library of digital artwork files for print and email blast campaigns.
In a news release announcing the acquisition of ArchivalPhotoPages, Findley stated, “ArchivalPhotoPages competes in a very large market with loyal customers and provides the path for us to capitalize on the fast-growing digital scrapbooking space. We are actively evaluating digital scrapbooking and how we can leverage our current customer base with new products; especially digital life-story products like Facebook, Instagram, Ancestry.com, and Myheritage.com.”
Manufacturing Division – Companies that have operations in the manufacturing industry
PRD Holdings, Inc. – Acquired February 2016
The sole company in Halitron’s manufacturing division, PRD Holdings owns a number of factory investments in Mexico. PRD’s factories produce a wide array of products utilizing materials in the print industry, in addition to plastic-based product lines. Through the acquisition of PRD, Halitron established a fully-integrated business model, enabling it to operate at very attractive margins. In total, PRD’s 12,000-square-foot main factory, located just across the border from San Diego, has the capacity to produce more than $20 million in annual sales. In a news release announcing the acquisition of PRD Holdings, Bernard Findley, chief executive officer of Halitron, stated, “We are now vertically integrated and can operate at very attractive margins due to a number of key factors including low labor rates, NAFTA, and distribution costs.”
Other Holdings
Teknik Digital Arts, Inc. – Founded January 2003
A developer of interactive video gaming software systems, Teknik Digital Arts is focused on the creation of a truly interactive, next-generation gaming system that allows players to become a part of the game. The company’s XR Station, which was originally released in 2006, won ‘Innovation of the Year’ at the Consumer Electronic Show for its physically-engaging approach to traditional gaming.
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