Halberd Corporation Signs Definitive Agreement With I-TAP, Inc.
SOUTHFIELD, MI--(Marketwired - Sep 15, 2014) - Halberd Corporation (PINKSHEETS: HALB) executed a definitive agreement and has acquired control of Sarasota, Florida based I-TAP, Inc.
I-TAP currently has a robust sales pipeline with approximately $150 million in potential gross sales and is lead by an industry veteran, John Osborne. John Osborne, Founder and President of I-TAP, Inc., has been developing electronic beer dispensing systems for over twenty years. His earlier systems "Taps" and "Taps 2000" dispensed beer at such notable facilities as the old Chicago Stadium, the Georgia Dome for the Olympics and the new United Center as Michael Jordan lit up the court for six championships. On opening night at the Kiel Center, "Taps 2000" became the first electronic beer dispenser to interface with a POP cash register system, while Old World atmosphere met Osborne's modern technology at Disney World's Epcot Center.
John Osborne stated, "By securing the support of Halberd Corporation, I-TAP will have the opportunity to more aggressively attack our substantial sales pipeline; thus, accelerating the generation of revenue that we believe will further increase shareholder value."
I-TAP, Inc. is the developer of the electronic I-TAP draft beer dispensing system for the facility management, hospitality and food service industries. I-TAP dispensers reside on the I-TAP network which uses sensors to monitor the dispensers as well as kegs, coolers, CO2 and glycol. In addition to providing real-time sales reporting by individual dispenser, the I-TAP network provides real-time reports on temperatures, keg levels and other key data.
Halberd Corporation is a Holding Company and Incubator for early stage high growth businesses. They are located in Southfield, Michigan. Halberd Corporation trades on the OTC Market under the ticker symbol HALB.
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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
John C Maddox
CEO
Halberd Corporation
248-763-3203
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