HUTN Announces Stock Offering

SPRINGFIELD, Ohio, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE --  HUTN Inc. HUTN announced today that it will offer, subject to market and other conditions, up to five million shares of its ordinary common stock at $2.50 per share for an aggregate offering amount of $12,500,000. HUTN intends to use the net proceeds from the stock offering for general corporate expenses, working capital and the redemption of company note obligations.

Hutton PR Nov. 8

The shares will be offered in the United States to accredited investors only pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in reliance on Regulation S under the Securities Act.  The common shares have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the common shares, nor shall there be any sale of the common shares in any state or jurisdiction in which such offer, solicitation, or sale is unlawful.  Any offers of the common shares will be made only by means of a private offering memorandum.  The press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

About HUTN Inc.
HUTN uses technology to provide solutions that add value to customers and clients. Based on its technology and market expertise, HUTN has developed digital instruments that unlock value.  The FAVR coin is an example of a HUTN developed instrument.  HUTN shareholders of record as of November 22, 2018 will be eligible to receive a special dividend of FAVR coins on December 12, 2018. Information on FAVR, including the white paper, is available at www.favr.io.

HUTN, Inc. is a FinTech company whose subsidiaries provide branded services to consumers ("B2C"). Our operating subsidiaries provide the following services and products: Megga Inc. subsidiary provides a social internet platform that pays users MeggaCoin, a token that can be redeemed for cash - meggalife.com is a new model. The platform includes- social networks, e-mail, internet search, news and more.  EF Hutton Inc. provides online investing services and specialty products involving digital assets under the legendary financial services brand, EF Hutton – see efhutton.com.  Vyral Media is a subsidiary that publishes digital content to enhance user experience and engagement. Vibrant Mobility is a subsidiary that provides mobile data & communications services.  

Cautionary Statement Concerning Forward-Looking Statements
Statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding the proposed offering of securities and the anticipated use of proceeds therefrom. These forward-looking statements are made only as of the date of this report and are based on HUTN's current intent, beliefs, plans and expectations. They involve risks and uncertainties that could cause actual future results, performance or developments to differ materially from those described in or implied by such forward-looking statements. These risks and uncertainties include the risks identified from time to time in HUTN's most recent OTC Market reports, press releases and other communications. HUTN undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, other than as required by law.