would like to highlight Halitron, Inc.
), an equity holding company focused on the acquisition and efficient operation of sales, marketing and manufacturing businesses. The company primarily targets two types of acquisitions: bankrupt, distressed or insolvent businesses that can be inexpensively acquired and absorbed into Halitron’s existing infrastructure; and profitable firms possessing a strategic operational fit that can benefit from Halitron’s collective group of businesses. Following acquisition, businesses under Halitron’s umbrella gain access to the company’s established infrastructure, enabling the efficient and profitable manufacture and distribution of products.
In the company’s news,
Halitron’s ongoing operations are structured into two strategic business units: a sales & marketing division and a manufacturing division. Through its sales & marketing division, the company owns operations in traditional marketing services and branded sales opportunities. Halitron’s holdings through this division include NDG Holdings, Inc., a digital marketing services firm acquired in January 2015, and www.PiecesInPlaces.com, an online sales and marketing firm focused on office organization products acquired in February 2016. Through its manufacturing division, Halitron operates PRD Holdings, Inc., a Mexican manufacturing asset.
The company’s management team is led by chief executive officer Bernard Findley. Over the past 20 years, Findley has amassed valuable experience promoting market growth in a variety of industries. During this time, he helped small- and mid-size businesses build up sales and seek out merger and acquisition opportunities. Over the past five years, Findley has rolled up and exited 16 bankrupt, insolvent or distressed brands, all of which continue to operate under new owners.
In February, Halitron set the stage for future growth when it entered into three separate letters of intent to make key profit generating acquisitions during the first quarter of 2016. When completed, these three acquisitions are expected to generate more than $1 million in annualized sales and establish the base of operations to lever future add-on acquisitions. “Over the past year we have positioned Halitron, Inc. to be a fast paced equity holding company, able to create significant shareholder wealth,” Findley concluded in a news release.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.