Halitron, Inc. (HAON) Lands 425+ Store Retail Account - Audit & Up list to OTCQB
25 Aprile 2018 - 12:40PM
InvestorsHub NewsWire
Halitron, Inc.
(HAON) Lands 425+ Store Retail Account – Audit & Up list to
OTCQB
Halitron is
forecasting year-over-year sales growth and cost
reductions.
Miami, FL -- April 25, 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 (OTC
Pink: HAON) just announced that its portfolio company,
Hopp Companies, won a project with a major national retailer with
over 425 retail stores.
Management is forecasting that the new project, which has already
begun to ship, will have a projected positive impact on sales and
gross margins for the fiscal year 2018. The product is a new supply
product line for retail shelving that is internally
manufactured.
We are anticipating receiving reorders throughout the year.
Due to the competitive nature of the industry, Management has
elected to keep the account name and any product line descriptions
confidential, but can report that to most families,
its new retail
account is a household name.
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
Halitron (OTC Pink: HAON) also
announced additional shareholder updates as
follows:
- Product Line Expansion. With the Xerox C75
Digital Press and the purchase and installation of the Ryobi 2
Color Press, Management is in the process of preparing to launch
its marketing campaign whereby the team will begin cross-selling
both printed and plastic point of purchase supplies to Hopp’s 7,000
customer contacts and, in turn, the 130,000+ printed point of
purchase customer contacts. The output of both machines has the
capacity to produce millions of dollars in sales while leveraging
the low-cost infrastructure that has been created to process the
orders. Management is estimating a third quarter launch of these
cross-selling opportunities.
- The Hopp Company Integration. Management is
reconfirming that it will be exiting the New York facility by May
1, 2018; eight months early from the contracted lease obligation
which was originally scheduled for December 31, 2018. The projected
cost savings has become greater than anticipated. These projected
savings should improve cash flows which will be allocated towards
the Company’s stock buyback program, and growth initiatives
throughout the business including accounting, sales, and marketing
functions.
- Audit and Up List to OTCQB. Halitron has
re-engaged Freidman LLP to complete the 2017 audit, which is one of
the qualifying factors to up list to the OTCQB exchange. Friedman
was previously engaged to provide audit work for the period ending
September 30, 2016 and will continue to finalize the project
through September 30, 2017 over the coming months. Management will
be adding another accounting intern to help support the growing
business as well as focus on completing the audit for the period
ending September 30, 2017.
- Share Buy Back. Another requirement for the up
list is a share price of $0.01 or higher and the Company, as
previously announced, is currently engaged in a share buyback
program to help support increased share price. Management is
forecasting increased purchases quarter-over-quarter based on
projected increasing cash flows, as the New York facility is
closed, and the Company reaps the benefits of reduced overhead.
Forecasted increasing sales from the new product launch and
cross-selling initiatives will also have a positive impact on this
project.
- Tijuana, Mexico Manufacturing Facility. Since
2015, Management outlined a two-location footprint for the
acquisition roll-up business model, whereby the target businesses
would be acquired and then utilize the existing infrastructure.
Management has targeted a 5,000 square foot facility and is
arranging for the purchase of a broad range of manufacturing
equipment and legally organizing a Mexican corporation to effect
business. With the recent focus on the initiatives above,
Management is forecasting for an early 2019 startup of this
business initiative.
Halitron is
forecasting year-over-year sales growth and cost
reductions.
Highlights from Halitron,
Inc.'s (OTC Pink: HAON) previous Press
Release:
- No Reverse Split
Planned. As previously communicated July 11,
2017, Management does not anticipate a reverse split of the stock
to achieve the increased share objective but rather is forecasting
for increased sales along with future accretive acquisitions
whereby the cash flow from operations can be utilized to buy the
shares back in the open market.
- Acquisitions.
Management has targeted a number of strategic and accretive
acquisitions and is varying stages of negotiations. One
target is in the retail display business and complements Hopp’s
business model and the other is a $8M+ revenue company in the
consumer products space. As the projects develop we will
provide updates on the process.
Halitron, Inc. also recently announced that it reported $724,000 in sales for 2017 and
$407,000 in Q4 2017 alone.
- 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.
According to OTC Markets, the current market cap of Halitron, Inc.
(OTC Pink: HAON) is approximately $2.4 million and as such, its
shares can have a dramatic upside.
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
Bemax, Inc.
Shares of Bemax, Inc. (OTC
Pink: BMXC) rose 400% yesterday on almost 200 million shares
traded following its announcement regarding third quarter
results. The stock gave back about 30% at the close.
Strangely, the company released similar news on Monday with
lackluster results in the market.
Have a look at Halitron, Inc.’s (OTC
Pink: HAON) who just announced a 425 store retail account for
its Hopp Companies.
Elray Resources, Inc.
With only it’s 10K of April 13th filed since November of
2017, and no recent news, Elray Resources, Inc. (OTC
Pink: ELRA) climbed 400% before giving back 25% of it on
Monday. Shares topped out yesterday at .0004 again before
giving back 50%. The stock of this otherwise dormant pink
sheet company traded almost 2 Billion shares over the past two
sessions. If the company does not give the investors
something to be excited about, shares can fall back to sleep.
MedCareers Group, Inc.
Stop sign company MedCareers Group, Inc. (OTC:
MCGI) woke up from hibernation just a couple weeks back when
shares were dormant at .003 per shares. There has been no
news released on the company but just yesterday the company filed
its 10-Q for period ending July 31, 2016. Shares traded up
400% over the past two weeks on almost 2 billion shares.
Candlesticks are indicating profit taking and a lower open with
that huge wick which grew towards the close yesterday.
In the meantime, have a look at Halitron,
Inc., (OTC
Pink: HAON) who just released news of a 425+ store retail
account as well as a stock buyback program, audit and uplist to
OTCQB.
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