Before
the opening bell, Halitron, Inc. (OTC: HAON) announced the acquisition of
ArchivalPhotoPages, a leading direct marketing brand focused on the sale of
archival-grade scrapbooking supplies. As part of an asset acquisition, Halitron
acquired a customer list totaling over 148,600 customers, the
www.archivalphotopages.com website and a library of digital artwork files to be
utilized for print and email blast campaigns. The company also acquired
equipment, molds and dies, raw materials, finished goods and the valuable
know-how within a talented management team and employee base to produce goods
with high quality at low cost.
“ArchivalPhotoPages
competes in a very large market with loyal customers and provides the path for
us to capitalize on the fast-growing digital scrapbooking space,” Bernard
Findley, chief executive officer of Halitron, stated in this morning’s news
release. “We are actively evaluating digital scrapbooking and how we can
leverage our current customer base with new products; especially digital
life-story products like Facebook, Instagram, Ancestry.com, and
Myheritage.com.”
The
company acquired the ArchivalPhotoPages brand from Plastic Retail Displays, LLC
for a total purchase price of $1,684,606, with $316,491 paid via short-term
note and $1,368,114 paid through the issuance of 195,444,903 shares of
restricted common stock valued at $0.007 per share, which was the close price
on March 28, 2016. Following this acquisition and including its current
pipeline of acquisitions, Halitron is on a run rate to generate over $10
million in sales over the next three years.
Halitron’s
acquisition of ArchivalPhotoPages marks its seventh acquisition since 2015, as
well as its fourth acquisition in 2016. Since the beginning of this year, the
company has acquired PRD Holdings, Inc., a Mexico-based manufacturing asset;
PiecesInPlaces, a leading brand in the design and manufacture of document
enclosures and archival grade photo pages and albums; ArchivalMuseumSupplies, a
leader in the design and manufacture of archival-grade storage products and
supplies; and, now, ArchivalPhotoPages. Halitron’s portfolio also includes NDG
Holdings Inc., a digital marketing firm acquired in January 2015.
Look
for Halitron to continue executing on its aggressive M&A strategy moving
forward. The company’s management team is actively seeking out additional
acquisitions to roll into its infrastructure in order to better leverage the
foundation that has been created through its previous acquisitions. Halitron
targets operating entities that can either benefit from its current operating
infrastructure or operate autonomously and offer an additional product or
service to scale existing operations.
For more information, visit www.halitroninc.com
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