NEWTOWN, CT, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Halitron, Inc. (the “Company,” “Halitron”) (OTC: HAON), a multisector holding company, is pleased to provide a shareholder update concerning the Life’s Time Capsule Services, Inc. (“LTCP”) 80 million Preferred Stock C shares issued to Halitron, Inc.
During the two previous quarters, HAON has posted assets for 56 million Restricted LTCP Common Shares and 80 million LTCP Preferred Stock C shares. The LTCP Preferred Stock C is entitled to a dividend payment in 2020 in the form of cash or LTCP common shares in 2020 valued at $3 million.
After reviewing the cost and complexity associated with issuing a stock dividend for LTCP, the Company, and the individual shareholders, the Company has been advised that LTCP Management has planned to pay the $3 million payment due on the holder of the LTCP Preferred Stock C shares upon LTCP either completing a sufficient fundraising or generating cash flow, which may be earlier than the planned 2020 dividend date.
Once the Company has received the payment, Company Management plans to submit the corporate action to FINRA for its review and payment of a cash dividend to the Company’s shareholders so long as permitted by law.
Management will continue to provide an update on the status of the dividend in its quarterly updates to OTC Markets.
About Halitron, Inc.
Halitron, Inc., a multisector holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then rolling them into an efficient, low-cost operating infrastructure. Management targets operating entities that can either benefit from current operating infrastructure or operate autonomously and offer an additional product or service to scale 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.
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 firstname.lastname@example.org