Halitron, Inc. 2018 Sales Results

Provides Update on Strategic Plan

NEWTOWN, CT, January 23, 2019 (OTC Markets) – Halitron, Inc. (the “Company,” “Halitron”) (OTC Pink: HAON), a multisector holding company, is pleased to announce its top line sales results (unaudited) for the fourth quarter and yearend, 2018.

Revenue came in at of $397,894 for the quarter and $1.62 million for the twelve months ended December 31, 2018. 

The previous shareholder update summarized working capital and how Management was working to improve this key ratio.  Recently, Management has begun to reduce costs, specifically payroll expense, to further support improving working capital.  For the nine months ending September 30^th, 2018, Halitron’s portfolio company Hopp Companies, Inc.’s payroll expense was $628K or 54% of total expenses ($628K/$1,153K). Management reduced headcount by 8 employees/consultants out of a total of 16 through a lay-off.  The functions impacted included the factory, warehouse, sales, operations, and business development.

While the lay-off was enacted to improve working capital, there may be an impact on top line sales for 2019.  Management developed a business plan for 2019 which included a few scenarios based on Management’s ability to raise growth capital.  There was an aggressive forecasted sales increase model of $4M for 2019 provided Management achieved its capital raise goal, which we have not as of the date of this update.  We then developed a modest growth plan still requiring a small capital raise, which has not been completed.  More recently, we modified the 2019 business plan to attempt to be self-funding without raising outside capital.  Management will evaluate business operations over the next three months and adjust as needed.

Management will continue to evaluate, slowly develop, and test market products in high growth areas but does not anticipate any material decision, announcement, nor decide on a strategic direction for these products until the end of April 2019.

Other topics outlined on the shareholder update published on OTC Markets dated December 28^th, 2018, accurately reflect the Company’s position and there are no material changes to the commentary which includes topics on a stock buyback, reverse split, audit, and litigation.

About Halitron, Inc.

Halitron, Inc. is focused on acquiring sales, marketing, and manufacturing businesses to roll into efficient, low-cost operating infrastructures. Management targets operating entities that can benefit from our current operating infrastructure or operate autonomously and utilize our product or service offerings in order to expand their existing operations. For more information on Halitron, Inc., please visit: www.halitroninc.com.

Halitron 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 is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron is not registered with FINRA or SIPC.

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.

Contact:

Halitron Investor Relations
3 Simms Lane, Suite 2F, Newtown, CT 06470
1-877-710-9873
www.halitroninc.com
info@halitroninc.com