Halitron Inc (HAON)

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Halitron, Inc. Sales Increase 38% Annually, 13% Over Previous Quarter
GLOBENEWSWIRE - 6:00 am
Margins Set to Increase Further with the Purchase of New Equipment

NEWTOWN, CT, Oct. 22, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Halitron, Inc. (HAON) (the “Company,” “Halitron”) , a multisector holding company, is pleased to announce its preliminary sales results for the quarter ending September 30, 2018 of approximately $380,000 and $1.22 million for the nine months ended September 30, 2018.

Since the acquisition of Hopp Companies, Inc on August 18th, 2017, and for the latter shortened third quarter period, sales were $275,220 which results in an increase $104,800 or 38% over the previous year. Comparing same time periods for the assets, sales are up 13% quarter-over-quarter and 8% year-over-year.

Management will continue to focus on increasing sales throughout the remainder of the year by aggressively reaching out to the combined database total of 100,062 customer contacts and rolling out a targeted email blast campaign through its newly purchased ACT Customer Relations Management software.

On the manufacturing front, Halitron (HAON) has purchased two new pieces of equipment to further improve gross margins by converting material in-house rather than outsourcing. The equipment will also have a positive impact on sales with faster delivery times and more competitive pricing.

The Heidelberg Windmill Press with Hot Foil stamping unit is a very efficient workhorse type machine. This machine can stamp at around 4,000-5,000 IPH and can inlay Foil Markings. Creating neat and clean custom cut marks and cut outs with a foil finish option. With a maximum die surface of 26 x 35cm.

The 30” Stanford Model 142 Roll Doctor Slitter rewind can unroll and reroll many types of sheeted material while cutting it to various widths and rerolling to almost any diameter. With the use of razor or sheer blades it makes a smooth and clean-cut producing rolls effortlessly and with high precision.