Halitron, Inc. (OTC Pink:
HAON) Signs LOI for $4.5 million Acquisition Target, First
Since Non-Toxic Funding
Miami, FL--(InvestorsHub NewsWire March 20, 2017)
EmergingGrowth.com, a leading independent small cap media portal
with an extensive history of providing unparalleled content for the
Emerging Growth markets and companies, reports on Halitron, Inc.
(OTC Pink:
HAON).
HAON may not be at these levels much
longer.
See the Press Release and more on
Halitron, Inc. (OTC Pink:
HAON) at EmergingGrowth.com
http://emerginggrowth.com/?s=haon
Halitron, Inc. (OTC Pink:
HAON) just announced that it has signed its first letter of
intent since its $300,000 non-toxic equity raise which was required
to boost Halitrons revenue to between $3 and $5 million
annually.
Halitron, Inc. (OTC Pink:
HAON) announced on March 6, 2017 that it has closed and drew
down on its first tranche of capital that is non-toxic funding.
The target acquisition generated $4.5 million sales and $300,000
in adjusted EBITDA over the trailing thirty-six months.
Management is going through due diligence on the target
acquisition and anticipates closing the transaction over the next
90 days.
Halitron, Inc. (OTC Pink:
HAON) also recently announced that that they closed on the
$300,000.00 in financing (announced in their press release of
February 27, 2017), necessary to boost revenue of its four existing
legacy brands to between $3 - $5 million annually.
Fortunately for HAON shareholders, unlike many early stage
companies, the $300,000 financing is in the form of a non-toxic
(i.e., the debt thereunder is not convertible into equity at a
discount to prevailing market prices), one year credit facility
whereby the Company may draw down minimum increments of $5,000, up
to a total of $300,000, which carries an annual interest rate of
8%.
Halitron also recently engaged Freidman LLP to perform an audit
of Halitron in preparation for listing on the OTCQB market. The
audit is expected to be completed by the end of March 2017 followed
by the filing of an annual report (Form 10-K) with the SEC and an
application to be listed on the OTCQB as a fully reporting company
by mid-year 2017.
Halitron, Inc. (OTC Pink:
HAON) also recently announced that it is in the final stages of
a spin out and merger transaction that has been in the works for
the past three months.
Two of Halitron, Inc.s wholly-owned brands are in the process of
being spun out into an online social marketing / digital storage
company which is currently a public company.
Shareholders of Halitron, Inc., (OTC Pink:
HAON) are currently expected to receive a stock dividend of 40
shares of the new Companys common stock for every 1,000 shares of
Halitron, Inc.s common stock owned, subject to review and approval
by FINRA.
Halitron, Inc. is expecting to announce an update on the spin
out, merger, and dividend details of the two major projects which
were also included in the press release of February 27, 2017.
HAON may not be at these levels much
longer.
See the Press Release and more on
Halitron, Inc. (OTC Pink:
HAON) at EmergingGrowth.com
http://emerginggrowth.com/?s=haon
Other Companies in the news and featured on
EmergingGrowth.com
V Group, Inc.
V Group, Inc. (OTC Pink:
VGID) has been showing signs of life over the past 3 trading
sessions yielding 2,900% in gains before giving back 25% of that on
Friday. This is all after the reporting of absolutely zero news
events from the company. The Bollinger Bands have broken out and
the candlesticks indicate a downturn.
Have a look at Halitron, Inc. (OTC Pink:
HAON)
MyDX, Inc.
MyDX, Inc., (OTCQB: MYDX)
following an Investor Presentation piece by Seeking Alpha, realized
a nice 70% gain on its highest volume day of the year. Over the
next five trading days, the stock realized an additional 90% before
giving some back Friday after the companys press concerning the
resolution of Key Liabilities.
MMEX Resources Corporation
MMEX Resources Corporation (OTC Pink:
MMEX) had a wicked 9 trading sessions as the price went north
to the tune of 9,000% as volume started to thin out about five
trading days into it. This was about the time that the company
announced its financial review and outlook on March 13.
More recently, last Friday, the company announced in the form of
a NT-10Q that its filing for the quarter ending January 31, 2017
will be made late.
About EmergingGrowth.com
EmergingGrowth.com is a leading independent small cap media
portal with an extensive history of providing unparalleled content
for the Emerging Growth markets and companies. Through its
evolution, EmergingGrowth.com found a niche in identifying
companies that can be overlooked by the markets due to, among other
reasons, trading price or market capitalization. We look for strong
management, innovation, strategy, execution, and the overall
potential for long- term growth. Aside from being a trusted
resource for the Emerging Growth info-seekers, we are well known
for discovering undervalued companies and bringing them to the
attention of the investment community. Through our parent Company,
we also have the ability to facilitate road shows to present your
products and services to the most influential investment banks in
the space.
Disclosure:
All information contained herein as well as on the
EmergingGrowth.com website is obtained from sources believed to be
reliable but not guaranteed to be accurate or all-inclusive. All
material is for informational purposes only, is only the opinion of
EmergingGrowth.com and should not be construed as an offer or
solicitation to buy or sell securities. The information may include
certain forward-looking statements, which may be affected by
unforeseen circumstances and / or certain risks. This report
is not without bias. EmergingGrowth.com has motivation by means of
either self-marketing or EmergingGrowth.com has been compensated by
or for a company or companies discussed in this article. Full
details about which can be found in our full disclosure, which
can be found here, http://www.emerginggrowth.com/disclosure-4266/.
Please consult an investment professional before investing in
anything viewed within. When EmergingGrowth.com is long shares it
will sell those shares. In addition, please make sure you read and
understand the Terms of Use, Privacy Policy and the Disclosure
posted on the EmergingGrowth.com website.
CONTACT:
Company: EmergingGrowth.com - http://www.EmergingGrowth.com
Contact Email: info@EmergingGrowth.com
SOURCE: EmergingGrowth.com