Completes 5th Acquisition of 2016
NEWTOWN, CT / ACCESSWIRE / June 8, 2016 / Halitron, Inc. (the "Company") (HAON), an equity holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today is excited to announce the acquisition of CinchSigns, a leading direct marketing brand, from Plastic Retail Displays, LLC.
CinchSigns is a brand that primarily sells point of purchase (POP) supplies like retail price cards, labels, banners, tags, and sign holders that help promote a marketing message through small-to-mid size retailers throughout the US. The brand's target customer base includes furniture stores, mattress stores, flooring, appliance, gas stations, automobile dealerships, and variety stores. In an asset acquisition, Halitron acquired a customer list totaling over 150,018 customers, the www.cinchsigns.com website, and digital artwork files utilized for print and email blast campaigns.
Eliazar Valdez Rosales, General Manager of Plastic Retail Displays, LLC, commented, "The CinchSigns brand is a niche brand in a very large multi-billion-dollar print industry. To date, we have a very small print offering at the factory, PRD Holdings Inc., in Mexico. This acquisition will allow us to expand our manufacturing services into the print industry and we will begin to introduce this manufacturing skillset into the business model."
In the asset acquisition of CinchSigns, Halitron acquired equipment, artwork designs, raw material, finished goods and valuable know-how within a very talented management team and employee base to produce goods with high quality at low costs. Halitron acquired the brand, CinchSigns, in an asset sale from Plastic Retail Displays, LLC, for a total purchase of $673,406; paid in a long-term note payable. The total purchase price was calculated based on an eight times multiple of projected adjusted EBITDA over the next 12 months.
Halitron's CEO Bernard Findley expressed his reason for the acquisition, "CinchSigns is an excellent add-on brand for us in that we have the infrastructure to absorb the business model and, once again, the brands products can be manufactured, pick, pack, and shipped out of our Mexican factory."
Mr. Findley added, "Halitron now owns NDG Holdings Inc., a digital marketing company (acquired Jan '15), PRD Holdings Inc., a Mexican based factory (acquired Feb '16), four niche brands, Pieces In Places (acquired Feb '16), Archival Museum Supplies (acquired Mar '16), and Archival Photo Pages (acquired Mar '16) and Cinch Signs (acquired June '16). The base business model is in full operations with strong digital marketing, efficient manufacturing, and well-known brands in niche markets. Management is actively seeking out additional acquisitions to roll into its infrastructure and leverage the foundation that has been created."
CinchSigns is the eighth acquisition since 2015 and the fifth acquisition in 2016.
About Halitron, Inc.
Halitron, Inc., an equity 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://www.otcmarkets.com/stock/HAON/video-and-presentations.
Sales & Marketing Division - Companies that have operations in traditional marketing services and branded sales opportunities.
Current Equity Assets/Holdings:
- NDG Holdings, Inc. - digital marketing
- www.PiecesInPlaces.com - brand sales
- www.ArchivalMuseumSupplies.com - brand sales
- www.ArchivalPhotoPages.com - brand sales
- www.CinchSigns.com - brand sales
Manufacturing Division - Companies that have operations in the manufacturing industry.
Current Asset/Equity Holdings:
- PRD Holdings Inc. - Mexican-based manufacturing
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.