HAON

Halitron, Inc.

 
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Halitron Inc. Reports 2nd Quarter 2015 Financial Results

Sep 17, 2015

OTC Disclosure & News Service

Newtown, CT -

Halitron Inc. Announces Second Quarter 2015 Results

Newtown,CT (September 17th, 2015) /OTCMarkets/  Halitron Inc.  (OTCPK: HAON), an equity holding company implementing a roll-up of sales and marketing businesses, announced today its operating and financial results for the three months ended March 31, 2015 and six months ended June 30th, 2015. Highlights with respect to the second quarter of 2015 include the following:

Second quarter 2015 sales increased by 58% over the first quarter of 2015

- 2013 and 2014 audit has been completed

- Closed on $115,000 of the $300,000 equity capital raise

- Currently in negotiations with numerous key strategic acquisition candidates

 We are pleased with our accomplishments over the first six months of 2015 and are investing heavily into developing the future of the business.  Sales continued to grow in Q2 - up 58% over the previous quarter primarily due to closing on a number of new contracts within the iDeal Furniture division.   The team at iDeal Furniture opened new Regional Market Developers (RMDs) in the Carolinas and Tennessee, in addition to opening three new distribution centers located in Omaha, Nebraska, Pittsburg, Pennsylvania, and Long Beach, California.   Gross margins remain very attractive coming in at 84% for the quarter, said Bernard Findley,Halitron Incs Chief Executive Officer.

He continued, In addition to sales and profit growth, we have completed our two year audit which is one of the key milestones that will allow us to apply to the OTC Markets and up list to the OTCQB by the end of the year.  We also successfully raised $115,000 of our current goal of$300,000 at $.014 per share which will help us to stabilize and grow operations organically, as well as pursue a number of key strategic acquisitions that we hope to close on by the end of 2015.

Financial Summary: 

  Q1 15        Q2 15          Six Months 15

Sales                                       $162,751   $258,867             $421,618

About Halitron, Inc.

 Halitron, Inc. (OTC: HAON) is an equity holding company  is focused on acquiring sales, marketing, and manufacturing businesses, and rolling them into a efficient, low cost operating infrastructure.  For more information on Halitron Inc. please visit www.hailtroninc.com.

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 SimmLane, Suite 2F, Newtown, CT 06470  - 1-877-710-9873

 

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

Q2 '15 Financial Results 9-17-15_Final.pdf

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.