Halitron, Inc. Provides Shareholder Update NEWTOWN,

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
217
Halitron, Inc. Provides Shareholder Update

NEWTOWN, CT--(Marketwired - Jul 11, 2017) - Halitron, Inc. (the "Company," "Halitron") ( OTC PINK : HAON ), a holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today announced that Management is in the final stages of the audit and expects to complete the audit by the end of July. Upon completion, Management intends to file with the Securities and Exchange Commission the delinquent quarterly and annual reports that were required to be filed as a mandatory filer under the Securities and Exchange Act of 1934.

Spinout and Shareholder Dividend As reported in the February 17th, 2017 press release, the spinout and issuance of a stock dividend to shareholders of Halitron for the sale of two of its brands is still in process. Management expects to announce the details of the transaction, including the final stock dividend ratio, share price, record and payable dates, over the coming weeks. Also to be announced is the stock symbol, and revenue model, upon completion of the transaction.

Acquisition Target The $1.5 million target acquisition is still in process. Management has been negotiating the final terms of an Asset Purchase Agreement along with the terms of a financing agreement with a third-party investment firm. Management is forecasting closing the transaction over the coming weeks, and filing disclosure documents with the Securities and Exchange Commission regarding the acquisition and the target company along with the target company's operating and financial highlights.

Increase in Authorized Shares The Company has increased its authorized common stock to 6 billion shares. The increase was required by the Section 3(a)10 Fairness Hearing which the details of the transaction were announced and filed through the Form 8-K with the SEC on May 15, 2017. Thus, outlining a contract with Northbridge Financial, Inc. ("Northbridge"), in which the Company was required to maintain a certain level of authorized shares. A portion of the shares were reserved for the transaction and upon close of the contract with Northbridge, the reserved share agreement will be closed out and the shares will be available for corporate use. Northbridge has made 6 of the 8 payments outlined in the Section 3(a)10 Fairness Hearing which represents about 82.8% of the transaction. With 17.2% remaining, or approximately $63,471, Halitron would need to issue approximately 1.3 billion more shares to close out the contract based on a 50% discount from the lowest trading price over the previous 15-day trading window which for this example is $0.0001 ($63,471 / ($0.0001 x 50%) = 1,269,420,000 free trading common shares). Investor relations will provide a press release upon the completion of the Section 3(a)10 process.

Management will continue to adjust its capital structure and utilize its stock as a form of currency to acquire companies and assets, raise capital, and incentify employees and stakeholders to drive shareholder value. Since filing the Form 8-K on May 15, 2017, Management has updated the "Profile" tab at OTC Markets each week with changes to its capital structure, including increases in authorized shares, outstanding shares, and float.

Reverse Split Management, as well as the Board of Directors, has evaluated the possibility of a reverse split to increase the share price of the stock but has elected to defer on any such action for the foreseeable future. The Board of Directors believes that the current business plan is very exciting and the Company has tremendous potential to execute on its many business points to potentially increase the value of its stock price. Currently, with a relatively low market capitalization of $857,791, as of the close of markets on July 7, 2017, Management believes that there is a potential upside from implementing the Company's current business plan which may result in increased market capitalization. To up list to the OTC QB, the Company must maintain a stock price of $0.01 or higher for 20 consecutive trading days.

Timing of Communication Management reports filing and disclosures, including financials, to OTC Markets every quarter. Throughout the quarter, press release statements are distributed through national distribution services outlining material events and newsworthy projects. In a few instances, we provide general shareholder updates. The Board is currently reviewing the use of a Company-owned Twitter account to stay in direct contact with its shareholder base. If, and when, the Company elects to utilize an active Twitter account, Management will file a Form 8-K reflecting its intent and how Twitter will be used.

About Halitron, Inc. Halitron, Inc., a holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then rolling them into an efficient, low-cost operating infrastructure. The Company is structured with two Strategic Business Units; Sales & 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 .

To learn more about our business model, please visit: http://halitroninc.com/corporate-events/

Halitron is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron is not registered with FINRA or SIPC.

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. Halitron, Inc is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron, Inc. is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron, Inc. is not registered with FINRA or SIPC.

Contact: Halitron Investor Relations 3 Simms Lane, Suite 2F, Newtown, CT 06470 1-877-710-9873 www.halitroninc.com info@halitroninc.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Enjay Acquires New Method: A Strategic Synergy Unfolds

Updated Category News Views 87

Enjay's Bold Move into New Territory Here's a headline that doesn’t just flutter past like yesterday's news. Enjay Converters Ltd, straight from Cobourg, Ontario, has clinched a deal that looks like it might just shake things up a bit on the food packaging scene. They’ve bagged New Method Packaging LLC, another big player, but this time from the heartland of...

Continue Reading
GTEC Faces Nasdaq Bid Price Compliance Challenge

Updated Category News Views 71

Greenland Technologies in a Tight Spot Man, stocks can be as unpredictable as a cat on a hot tin roof, and Greenland Technologies Holding Corporation (Nasdaq: GTEC) just got a cold splash of reality from Nasdaq. On November 10, 2026, they were handed a Notification Letter that ain’t exactly a love note. Their shares slipped below the one-buck hurdle, and Nasdaq isn’t...

Continue Reading
Monotype's Inkwell: A Type Family with New Twists

Updated Category News Views 80

Fresh Faces in the World of Type Out of the design trenches comes news that Monotype—the big cheese in type and tech—just rolled out four new styles in its well-liked Inkwell lineup. We're talking Inkwell Antique, Formal, Chancery, and Ornaments here. The idea? Give designers more room to play with tone. Let's chew on what this expansion means for folks rocking...

Continue Reading
Why Surge Protection Is Now a Vital Home Upgrade

Updated Category News Views 83

Understanding the Hidden Risks of Power Surges You ever had a computer or TV go kaput out of the blue? Chances are, power surges are the stealthy culprit. Zachary Bobersky, an expert electrician from Ungerman Electric, dishes out the hard truths about how these electrical hiccups, often triggered by everyday use—like your refrigerator or AC flicking on—can quietly...

Continue Reading
Biel Crystal's AI Vision Earns Forbes Recognition

Updated Category News Views 37

What's Cookin' in Smart Manufacturing? Sometimes, the big news isn’t just about the dollars—it’s about who’s turning heads with their tech wizardry. That's what's happening over at Biel Crystal. Crafting Smarter Manufacturing This Hong Kong-based dynamo isn't your run-of-the-mill manufacturer. Biel Crystal, with its jaw-dropping setup of over 100,000 employees...

Continue Reading
iQIYI's Global Reach Grows with Awards Recognition

Updated Category News Views 84

Tony Leung Steals the Spotlight In the theater of Asian cinema, Tony Ka-fai Leung delivers a top-tier performance, earning him the Best Actor award at the Golden Rooster Awards for iQIYI's film "The Shadow's Edge." Now, let's not kid ourselves, snagging one of these prestigious awards is no walk in the park. It's fair to say both this recognition and his first-time win at...

Continue Reading
WAX Collect Unveils Modular Flex Insurance for Watches

Updated Category News Views 108

WAX Collect Pioneers Customized Insurance with WAX Flex™ In a world where even a simple escapement can change the watch industry, WAX Collect is shaking things up with its WAX Flex™, rolling out a tailor-made insurance product specifically for watch collectors who refuse to settle for one-size-fits-all coverage. It's the first of its kind in modular approaches,...

Continue Reading
Gemmy's Holiday Lights: Bright Ideas for 2026

Updated Category News Views 124

Deep in the heart of Dallas, Gemmy Industries is out to sprinkle a bit of magic over the holiday season for 2026. This ain't your grandma's string lights we're talkin' about here. We're diving headfirst into a new world of seasonal decor with tech-driven lights that look like they came straight outta a winter wonderland. And hey, if Walmart's set to host this lineup, you...

Continue Reading
City National Bank Names New VP for Real Estate

Updated Category News Views 85

Banking on Growth with Jeffrey LaBauve Jeffery LaBauve struts into the picture, ready to take the helm as City National Bank's new head of Commercial Real Estate Banking. And let me tell ya, the word on the street is he's raring to ramp things up. After almost two decades at Comerica Bank, this guy’s not here for a measly lap around the track—he's got plans to double...

Continue Reading
Biodiversity Monitoring Poised for $11.39 Billion Boom

Updated Category News Views 172

A Billion-Dollar Market on the Rise Picture this: you're watching the world make a monumental shift towards sustainability in real-time. The biodiversity monitoring market is on a gallop, poised to grow from a modest USD 7.17 billion in 2026 to a hearty USD 11.39 billion by 2031. That's a CAGR of 9.7%—a pace that soothes the nerves of any investor weary of the whims of...

Continue Reading

Top 5 Most Recently Viewed Articles

Catalyst Bancorp's New Share Buyback Strategy for Growth

Updated Category News Views 192

Catalyst Bancorp, Inc. Unveils New Share Buyback Plan Catalyst Bancorp, Inc. (NASDAQ: CLST), parent company of Catalyst Bank, has recently revealed an exciting new initiative to bolster its shareholder value through a fresh share repurchase plan. This announcement reflects the Company’s commitment to maintaining a strong financial position while actively rewarding its...

Continue Reading
Discover Passive Income with SunnyMining's Cloud Mining App

Updated Category News Views 185

Discover the SunnyMining Cloud Mining App As the popularity of cryptocurrencies continues to rise, many individuals are eager to dive into the world of digital assets, particularly Bitcoin (BTC) and Ripple (XRP). Traditional mining often requires hefty investments in specialized equipment and technical know-how, leaving many potential miners discouraged. Enter the...

Continue Reading
Senseonics Launches $50 Million Stock Offering to Enhance CGM Tech

Updated Category News Views 300

Senseonics Initiates Significant Public Offering Senseonics Holdings, Inc. (NYSE American: SENS), a prominent player in the medical technology arena, recently announced an exciting step forward in its journey of innovation and growth. The company has kicked off a public offering aimed at raising $50 million through the issuance of common stock, marking a significant...

Continue Reading
Sable Offshore Corp. Investors: Don't Miss Your Class Action Rights

Updated Category News Views 334

Understanding Your Rights as a Sable Offshore Corp. Investor As an investor in Sable Offshore Corp., it’s crucial to stay informed about your rights and the opportunities available to you, particularly concerning any legal actions that may affect your investments. Investors who purchased Sable Offshore Corp. (SOC) stock between specific dates recently received...

Continue Reading
Analog Devices Achieves Strong Growth in Fourth Quarter

Updated Category News Views 105

Analog Devices Financial Overview Analog Devices, Inc. (NASDAQ: ADI), a prominent player in the semiconductor industry, reported a remarkable financial performance for the fourth quarter of fiscal year 2024. The company achieved a revenue exceeding $2.4 billion, surpassing the expected guidance. This notable growth was attributed to sequential increases across all end...

Continue Reading