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Halitron, Inc. Tops Estimates 31% in Sales Over Previous Quarter

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Retailiom Portfolio Brand Generates $474,000 in Revenue and $83,000 in Net Income

NEWTOWN, CT, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Halitron, Inc. (the "Company," "Halitron") (OTC:HAON), a multisector holding company, is pleased to announce its financial results for the quarter ending June 30, 2018.

The recently merged Retailiom brands have generated 474,825 in gross sales and realized net income of $83,718 for Q2, 2018, pre-merger, and before recurring charges.

Management is forecasting that sales of Retailiom post-merger will grow over 200% over the next twelve months.

Gross Profit remains consistent at 68%, overhead decreased as planned by $11,854 over the first quarter, and a one-time charge as it relates to the relocation totaled $27,905.

Below are detailed financial and operational updates:

-- Sales were $474,825 in Q2, 2018, a 31.5% increase over the previous quarter.

-- Direct Gross Margins for the portfolio manufacturing company were 68.3% for the quarter.

-- A one-time charge of $27,905 was incurred directly due to the successful relocation Hopp assets to a lower-cost Connecticut facility.  The relocation was completed by May 1st, 2018.

-- Cash Flows remain tight due to operating costs for the public company (Cash - $12,925) as well as debt financing charges, early customer payment discounts, and paying down old debts from the acquisition target.

-- Below is the Company's stock buy back schedule since its inception:

Period                                                              HAON Shares Share Price      Amount

Quarter Ending December 31st, 2017             4,000,000        $0.0002           $   800

Quarter Ending March 31st, 2018                   2,500,000        $0.0004           $1,000

Quarter Ending June 30th, 2018                     8,350,000        $0.0002           $1,670

The operating and financial performance of the Company during the second quarter was very efficient and within budget.  Management focused on leaning out operations, adding new equipment and product offerings, as well as, merging the customer lists for two its brands to begin its traditional and digital marketing campaigns with the objective to continue to increase sales throughout the remainder of the year.

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.

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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

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