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Halitron, Inc.

 
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Halitron, Inc. Exits iDealFurniture LLC

Jan 08, 2016

OTC Disclosure & News Service

Newtown, CT -


Halitron, Inc. Exits iDealFurniture LLC and Related Businesses

 

Newtown, CT (January 8th, 2016) /OTCMarkets/ Halitron, Inc.  (OTCPK:HAON), an equity holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today is excited to announce the exit of the iDealFurniture LLC, ChamberBusinessCenters, and related brands and businesses.

iDealFurnitire, LLC was acquired on February 10th, 2015 in a stock transaction with the issuance of  20,689,655 restricted common shares and the 5,000,000 in stock options based on 2015 financial performance.  ChamberBusinessCenters was acquired on September 24th with the issuance of 5,000,000 restricted common shares. 

Bernard Findley, Halitrons Chief Executive Officer, commented, Halitron is an equity holding company and its business model is to acquire, develop, and in some cases, exit its strategic investments with the main objective of creating shareholder value.  While this holding was only operating within the Halitron model for less than a year, the businesses were able to pay down significant debt, maintain historical sales levels, and continue to evaluate and develop certain strategic initiatives.  The financial impact of the transaction resulted in a favorable 10.3% increase in Halitrons equity

In the exit of the portfolio holdings, Halitron Inc. re-acquired 28,315,690 restricted common shares and the 5,000,000 stock options were also eliminated.  The result of the transaction was a 10.3% reduction of outstanding shares from 275,725,129 down to 247,409,539.

About Halitron, Inc.

Halitron, Inc. (OTC: HAON) is an equity holding company   focused on acquiring sales, marketing, and manufacturing businesses, and rolling them into an efficient, low cost operating infrastructure.  The Company is structured with three Strategic Business Units; Sales Division, 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.

Sales Division - Companies that have operations in a sales network. Current Equity Assets/Holdings:

-        None at the present time

Marketing Division - Companies that have operations in traditional marketing services as well as digital marketing services. Current Assets / Equity Holdings:

-         NDG Holdings, Inc. digital marketing

Manufacturing Division - Companies that have operations in the manufacturing industry. Current Asset / Equity Holdings:

-        None at the present time.

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.

www.halitroninc.com

Investor Relations - info@halitroninc.com

3 Simm Lane, Suite 2F, Newtown, CT 06470  - 1-877-710-9873

This release includes additional documents. Select the link(s) below to view.

Halitron Inc Exits iDeal Furniture Transaction.pdf

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