Halitron (OTCMKTS:HAON) shares rose 4.00% to $0.00260 on Tuesday, sustaining its gains after the company projected strong sales growth for the year. The company has a market cap of $1.73 million at 59.90 million shares outstanding. Shares have been trading in a 52-week range of $0.00 to $0.05.
Halitron is an equity investment holding company that is also engaged in the development and marketing of interactive gaming software on cell phones, personal computers and game consoles. In particular, the company focuses on implementing an acquisition roll-up model by acquiring sales, marketing, and manufacturing businesses. It makes use of acquisition targets that provide digital marketing services, which include localized marketing, mobile applications, mobile Web, experiential marketing, targeted e-mails, search engine optimization, pay-per-click, and web development.
In July 7, Halitron issued a press release stating that it is projecting sales of more than $3 million for the year.
We are now forecasting sales to grow from $1.2 million in 2015 to $3 – $5 million in sales over the next 12 months as we commence our growth plan towards our $60M in sales acquisition pipeline working closely with new and larger financial partners to help support the evaluation, due diligence, and potential closing process,” as indicated in the press release.
Halitron CEO Bernard Findley explained that the company has worked diligently for a year and a half to position the business for sales and profit growth. He shared that $300,000 in capital is expected to be deployed in a manner to accelerate sales and jump-start the factory to deliver goods in a timely manner and that the company intends to refocus on digital marketing, outbound calling, and evaluate new strategic markets where they can create sales.
Prior to this, the company has also shared details on its $60 million sales acquisition pipeline, which will be comprised mostly of $18 million in Sales, Product Development, and Manufacturing plus $20 million in manufacturing.
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