Halitron, Inc. Acquires The Hopp Companies, Inc.
NEWTOWN, CT, October 20, 2017 – Halitron, Inc. (the “Company,” “Halitron”) (OTC: HAON), a multisector holding company, today announced that it has closed on the acquisition of The Hopp Companies, Inc. (“Hopp”) in an asset purchase agreement valued at $700,000.
Hopp is a leading manufacturer for quality Point of Purchase (POP) displays for in-store marketing, merchandising, pricing, and sales aids for many types of retail stores, suppliers, distributors and warehouses nationwide.
Hopp specializes in providing quality service and value to fit the needs of any size and color of POP products. The specialty products division can produce most styles of printed, die-cut and formed plastic product from rigid or flexible plastic and magnetic materials. Hopp Companies proudly manufactures products for retail stores as well as distributors and warehouses. These include, but are not limited to, the following industries:
- Hardware Stores
- Department Stores
- Auto Parts Stores
- Warehouse Stores
- Drug Stores
- Convenience Stores
- Jewelry Stores
- Liquor Stores
- Magic Shops
Hopp operates from a 5,000-square foot manufacturing facility in New Hyde Park, New York (Long Island), has 12 employees, and has been in business for over 20 years with a customer list of approximately 7,000 accounts. For more information on Hopp Companies, Inc. please visit: www.hoppcompanies.com
The Hopp assets will be utilized in the operations of HAON’s two legacy brands, CinchSigns, a printed point of purchases products business, and PiecesInPlaces, an office organization supply business focused on plastic file folders. These two brands have been in the redevelopment phase for the past year while Management focused on acquiring Hopp. Cinch Signs and PiecesInPlaces has a combined customer list of 190,675. Management intends to begin cross marketing all three brands’ product lines to each of the brands’ customers, including Hopp’s customer base of approximately 7,000.
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. 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. Halitron, Inc, owns 2,805,750 restricted common shares of LTCP.
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.