$HAON In the asset acquisition of ArchivalPhotoPag

$HAON In the asset acquisition of ArchivalPhotoPages, Halitron also acquired equipment, molds & dies, raw material, finished goods and valuable know-how within a very talented management team and employee base to produce goods with high quality at low costs. Halitron acquired the brand, ArchivalPhotoPages, in an asset sale from Plastic Retail Displays, LLC, for a total purchase of $1,684,606; paid $316,491 in a short-term note payable and $1,368,114 paid via the issuance of 195,444,903 in restricted common stock valued at $.007 per share, which was the close price on March 28, 2016. The total purchase price was calculated based on an eight times multiple of adjusted EBITDA over the previous 12 months or $210,576.

http://finance.yahoo.com/news/halitron-inc-ac...00402.html

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