Retailiom alone, is expected to grow sales of Halitron, by over 200% over the next calendar year.
During fiscal years 2016 and 2017 respectively, HAON acquired the assets of a print-based point of purchase product businesses CinchSigns and the Hop Companies, Inc. and has setup the infrastructure in Newtown, Connecticut to merge the assets of the two acquisitions into what is currently known as Retailiom.
Retailiom’s differentiating point in the market place is its ability to produce custom orders within 24-to-48 hours on product lines that are not readily available at competitors, like Staples, or Uline. Whether it’s a custom size, shape, color, or marketing message, Retailiom can meet the needs and timing of a critical retail marketing campaign. Our products keep retail shelves neat, clean, and well-organized saving retailers time and money from a maintenance standpoint and increasing sales from a highly visible product position perspective.
Staples was purchased in September of 2017 for $6.9 billion.
Could Halitron be next?
Halitron, Inc. (OTC Pink: HAON) is expecting to release its Q2 operating results before the market open on August 15
Halitron, Inc Beats $350,000 Forecast for the First Quarter of 2018
Sales were $361,000 in Q1, 2018, a period in which management relocated operations in New York to Connecticut facilities without a negative impact to shipments.
Direct Gross Margins for the portfolio manufacturing company were 69.8% for the quarter.
A one-time charge of $46,529 was incurred directly due to the successful relocation of Hopp assets to a lower-cost Connecticut facility.
The combined cash balance at the end of the quarter totaled $61,280.
Solid revenues, consistent margins, as well as the exit of our New Hyde Park, New York facility will reduce overhead costs and improve cash flows for the remainder of the year.
Halitron (OTC Pink: HAON) also recently announced that its portfolio company, Hopp Companies, won a project with a major national retailer with over 425 retail stores.
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