Halitron, Inc. (HAON) Completes Fourth Acquisition
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Posted On: 03/29/2016 3:14:21 PM
Halitron, Inc. (HAON) Completes Fourth Acquisition of 2016
Before the opening bell, Halitron, Inc. (OTC: HAON) announced the acquisition of ArchivalPhotoPages, a leading direct marketing brand focused on the sale of archival-grade scrapbooking supplies. As part of an asset acquisition, Halitron acquired a customer list totaling over 148,600 customers, the www.archivalphotopages.com website and a library of digital artwork files to be utilized for print and email blast campaigns. The company also acquired equipment, molds and dies, raw materials, finished goods and the valuable know-how within a talented management team and employee base to produce goods with high quality at low cost.
“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,” Bernard Findley, chief executive officer of Halitron, stated in this morning’s news release. “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.”
The company acquired the ArchivalPhotoPages brand from Plastic Retail Displays, LLC for a total purchase price of $1,684,606, with $316,491 paid via short-term note and $1,368,114 paid through the issuance of 195,444,903 shares of restricted common stock valued at $0.007 per share, which was the close price on March 28, 2016. Following this acquisition and including its current pipeline of acquisitions, Halitron is on a run rate to generate over $10 million in sales over the next three years.
Halitron’s acquisition of ArchivalPhotoPages marks its seventh acquisition since 2015, as well as its fourth acquisition in 2016. Since the beginning of this year, the company has acquired PRD Holdings, Inc., a Mexico-based manufacturing asset; PiecesInPlaces, a leading brand in the design and manufacture of document enclosures and archival grade photo pages and albums; ArchivalMuseumSupplies, a leader in the design and manufacture of archival-grade storage products and supplies; and, now, ArchivalPhotoPages. Halitron’s portfolio also includes NDG Holdings Inc., a digital marketing firm acquired in January 2015.
Look for Halitron to continue executing on its aggressive M&A strategy moving forward. The company’s management team is actively seeking out additional acquisitions to roll into its infrastructure in order to better leverage the foundation that has been created through its previous acquisitions. Halitron targets operating entities that can either benefit from its current operating infrastructure or operate autonomously and offer an additional product or service to scale existing operations.
For more information, visit www.halitroninc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Before the opening bell, Halitron, Inc. (OTC: HAON) announced the acquisition of ArchivalPhotoPages, a leading direct marketing brand focused on the sale of archival-grade scrapbooking supplies. As part of an asset acquisition, Halitron acquired a customer list totaling over 148,600 customers, the www.archivalphotopages.com website and a library of digital artwork files to be utilized for print and email blast campaigns. The company also acquired equipment, molds and dies, raw materials, finished goods and the valuable know-how within a talented management team and employee base to produce goods with high quality at low cost.
“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,” Bernard Findley, chief executive officer of Halitron, stated in this morning’s news release. “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.”
The company acquired the ArchivalPhotoPages brand from Plastic Retail Displays, LLC for a total purchase price of $1,684,606, with $316,491 paid via short-term note and $1,368,114 paid through the issuance of 195,444,903 shares of restricted common stock valued at $0.007 per share, which was the close price on March 28, 2016. Following this acquisition and including its current pipeline of acquisitions, Halitron is on a run rate to generate over $10 million in sales over the next three years.
Halitron’s acquisition of ArchivalPhotoPages marks its seventh acquisition since 2015, as well as its fourth acquisition in 2016. Since the beginning of this year, the company has acquired PRD Holdings, Inc., a Mexico-based manufacturing asset; PiecesInPlaces, a leading brand in the design and manufacture of document enclosures and archival grade photo pages and albums; ArchivalMuseumSupplies, a leader in the design and manufacture of archival-grade storage products and supplies; and, now, ArchivalPhotoPages. Halitron’s portfolio also includes NDG Holdings Inc., a digital marketing firm acquired in January 2015.
Look for Halitron to continue executing on its aggressive M&A strategy moving forward. The company’s management team is actively seeking out additional acquisitions to roll into its infrastructure in order to better leverage the foundation that has been created through its previous acquisitions. Halitron targets operating entities that can either benefit from its current operating infrastructure or operate autonomously and offer an additional product or service to scale existing operations.
For more information, visit www.halitroninc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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