Revenues Surge, Expenses Plummet – Up List Imminent
NEWTOWN, CT, December 11, 2017 – Halitron, Inc. (the “Company,” “Halitron”) (OTC: HAON), a multisector holding company, is pleased to provide a shareholder update concerning a surge in sales, and reduction of expenses and audit required for up list to the OTCQB.
Management is expecting quarterly revenue to surge over $300,000 in its first reporting period since the acquisition of The Hopp Company assets earlier in the year.
Management also is in the process of increasing overall margins by streamlining expenses. Halitron is increasing its footprint in the Newtown, CT headquarters from 400 sq. ft to 3,100 sq. in order to eliminate the expense currently associated with its 5,000-sq. ft. New Hyde Park, NY facility. The increased space is needed to relocate a manufacturing cell and reduce costs by 63% while improving margins, and ultimately growing the bottom line for our shareholders.
Update on Audit and QB Up List
Management has engaged Freidman LLP to complete the audit for 2017 which will cover the two-year period needed for one of the requirements set by OTC Markets to up list to the OTCQB platform. Management expects the 2017 audit to be completed during the early part of 2018, with an up list to the OTCQB following shortly after.
About Halitron, Inc.
Halitron, Inc., a multisector 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. For more information on Halitron, Inc.
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.