EMGRTH Posted February 15, 2017 Share Posted February 15, 2017 Friendable, Inc. (OTC Pink: FDBL), is currently in discussions with high net worth individual investors and investment bankers who have the ability to assist with the transformation of debt into equity and with a capital raise that will produce up to 15 months of working capital, which is exactly what the Company needs to build value for our loyal shareholders. See the full press release here: emerginggrowth .com/friendable-otc-pink-fdbl-provides-shareholder-update/ As the Company enters a pivotal 2017, management believes its restructuring of the Company’s current debt, as well as a simultaneous significant capital raise is the best path forward to achieve continued organic user growth of the Friendable app, new product roll out, and monetization testing in several areas of the business. Robert A. Rositano Jr., Friendable, Inc. CEO stated, “We believe a $3-million-dollar financing with no debt will give the Company up to 15 months of operating capital that will allow the Friendable app, and soon Fan Pass Live, to deliver accelerated growth in a marketplace that has emerged as one of the most rapidly growing sectors; live streaming video.” Friendable, Inc. (OTC Pink: FDBL) has invested heavily over the last several months to ensure Fan Pass is Robust, user-friendly and appealing to their target audience. Fan Pass is designed to provide performing artists and celebrities with the opportunity to broadcast live, exclusive, uncut, and uncensored content to subscribers of their channel in real time. Upon its release, the platform will enable a unique and powerful connection between performing artists, athletes, celebrities, agents and their existing base of social media followers and fans by providing real-time access to events that would typically only be experienced by insiders, or individuals with VIP, on-location access. Robert A. Rositano Jr., Friendable, Inc. CEO, stated, “The Fan Pass brand is expected to capture the essence of this new category of live, interactive broadcasting and the power of leveraging exclusive, premium content with an existing base of social media followers and fans. We believe Fan Pass, by coupling existing connections between millions of loyal social media users and the celebrities they follow with a platform to access live, engaging and exclusive content, will be uniquely positioned to develop recurring monthly revenue streams for both the company and the celebrities.” Fan Pass is expected to feature exclusive, uncut and uncensored video streaming of celebrity events such as recording studio sessions, behind-the-scenes action on music video sets, special interviews and backstage access before, during or after events to provide the ultimate fan experience. Friendable’s path to revenue with Fan Pass includes monetizing social media fans and followers of celebrities through a multi-level subscription based platform. Friendable, Inc. (OTC Pink: FDBL is looking forward to a strong conversion rate, as each celebrity or artist will be required to market their Broadcaster channel to their social media fans and followers, further, generating subscription revenue based on conversion. Celebrities that Friendable has had previous or existing relationships with have, upwards of 20-50 million social media followers. Austin Mahone, a singer / songwriter that Friendable, Inc. (OTC Pink: FDBL) has worked with previously has 13 million fans on Facebook alone. If he were to convert only 2% of them with a revenue sharing monthly subscription of $1.99, that alone, would generate over $500,000.00 per month. Friendable, Inc. (OTC Pink: FDBL) is working to secure commitments from celebrity artists as they move closer to launch and will announce these commitments as they are received. Facebook’s Mark Zuckerberg has stated that he is “obsessed” with live streaming. Could this be what pushes Friendable, Inc. (OTC Pink: FDBL) over the top? Could they be the next social media takeover candidate? Disclosure: All information contained herein as well as on the EmergingGrowth .com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth .com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth .com has motivation by means of either self-marketing or EmergingGrowth .com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, emerginggrowth .com/disclosure-3325/. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth .com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth .com website. 1 Quote Link to comment Share on other sites More sharing options...
EMGRTH Posted February 21, 2017 Author Share Posted February 21, 2017 Halitron (OTC Pink: HAON) – A “mini-Berkshire Hathaway” with Revenue There are many different corporate strategies out there that have been shown great success. One such strategy is referred to as the roll-up equity holding method. The roll-up method is a business practice that occurs when a company acquires multiple smaller companies within the same or similar industry. By combining smaller companies, the acquisition company is able to develop a larger enterprise that can thrive on economies of scale. In addition, the roll-up method is seen as a conservative strategy because it involved diversification across an industry and the economies of scale help cut costs. By focusing on a “lean” business structure, the acquisition company is able to cut costs and use existing structure efficiently to drive growth. One such company that utilizes the roll-up equity holding business model is Halitron, Inc. (OTC Pink: HAON). Overview: Halitron, Inc. (OTC Pink: HAON) Halitron, Inc. (OTC Pink: HAON) is engaged as a roll-up, equity holding company. The company operates numerous different businesses, across several different industries and focuses. The company is based out of Newtown, Connecticut and is specifically interested in acquiring businesses that are engaged in sales, marketing and manufacturing. As Halitron, Inc. (OTC Pink: HAON) acquires more businesses; management is able to integrate the acquired business into its existing holdings. This helps to keep costs low and helps foster growth at a quicker pace. Overall, Halitron, Inc. (OTC Pink: HAON) looks to have a business that largely resembles a “mini-Berkshire Hathaway,” which has a very diverse set of subsidiary holdings. Here is a look at Halitron, Inc. (OTC Pink: HAON)’s current subsidiary holdings: Teknik Digital Arts: Video game trademark and license business; founded in January 2003 NDG Holdings, Inc.: Digital marketing services, acquired in January 2015 Pieces In Places: Archival grade document enclosures, photo pages, and albums; acquired in February 2016 Archival Museum Supplies: E-commerce business that supplies archival museum supplies; acquired in March 2016 CinchSigns: Direct marketing business, printed point of purchase supplies. Company was acquired from Plastic Retail Displays, LLC in June 2016 Archival Albums & Photo Pages: E-commerce business that supplies archival scrapbooking supplies PRD Holdings, Inc.: Mexico-based manufacturing operations HAON: Plans to Disrupt Scrapbooking Industry While Halitron, Inc. (OTC Pink: HAON) maintains a diverse group of businesses, management has greater plans to make a splash in the scrapbooking market. The company is planning to disrupt the market by bringing scrapbooking into the 21stcentury. Management plans to offer a service that will bridge the gap between aging the aging baby-boomer population and digital technology. Now that almost everything in our lives is digitalized, why wouldn’t scrapbooking follow suit? According to reports from management, Halitron, Inc. (OTC Pink: HAON) is currently looking for strategic partners to help build and design the digital scrapbooking platform. The Facebook-meets-Ancestry.com style platform could be a major homerun for the partnership, as some see the digital scrapbook business potentially competing in the multi-billion market capitalization social media and secure digital storage industries. Early Plans For The Digital Scrapbook Platform While there are no official plans yet, management is planning on using Halitron, Inc. (OTC Pink: HAON)’s 148,000 customer list and targeting the 50-to-80 year old demographic. The strategic partnership will be able to launch a digital platform that assists elderly people that do not have the know-how nor the equipment to digitalize their life memories. With the goal of assisting the elderly with the frustrating process of the fast-paced technology world, Halitron, Inc. (OTC Pink: HAON) is focusing on a key niche that is only expanding. Whether you have a loved one with limited skillsets, or simply want a digital platform to house all of your treasured family memories, the new scrapbook service will certainly be a game changer. HAON: Financial and Industry Analysis Turning to Halitron, Inc. (OTC Pink: HAON)’s financial standing, the equity holding company maintains a market value of $472,113, as of February 2017. Furthermore, the company has a share structure consisting of 650 million authorized shares, 393.43 million shares outstanding, and a float consisting of 183.4 million shares, as of December 2016. During full year 2016, Halitron, Inc. (OTC Pink: HAON) reported total revenue of $132,910 and a net loss of $986,594. During the fourth quarter 2016, the company reported total assets of $1.51 million, and total liabilities of $1.51 million. Management’s initiative to bring scrapbooking into the 21st century will take some time to develop, but it could prove be a major disruptor to the industry. However, while Halitron, Inc. (OTC Pink: HAON) is working with strategic partners to develop the digital scrapbooking platform, the company’s other businesses could pick up some of the slack. The Facebook, Inc. (NASDAQ: FB)-meets-Ancestry.com platform has some potential partners thinking it could be competitive in the multi-billion-dollar social media and secure digital storage markets. Overall, the company continues to focus on its equity holding business model and strives to become the next “mini-Berkshire Hathaway.” Here are five other companies that operate as an equity holding company or conglomerate, which are worth taking a look at with regards to how Halitron, Inc. (OTC Pink: HAON) could be valued: Turner Venture Group, Inc. (OTC Pink: TVOG), formerly known as Turner Valley Oil & Gas, Inc., operates as a holding company with particular focus on the energy industry. However, the company notes that it is always on the look for merger and acquisition opportunities within the real estate, construction, technology, environment, and other industries. As of February 2017, the holding company maintains a market cap value of $1.21 million. Furthermore, Turner Venture Group, Inc. has a share structure consisting of 500 million authorized shares, 86.1 million shares outstanding, and a float consisting of 69.3 million shares, as of December 2016. During the third quarter 2016, the company reported no revenue and a net loss of $4,347. Chineseinvestors.com, Inc. (OTCQB: CIIX) operates a diverse group of businesses. The company started out as a web service that serves as a financial resource for Chinese-speaking people. Recently, the company announced that it has partnered with Medicine Man, in which the partnership will develop licensing and consulting services for the cannabis industry within the U.S. and Canada. The company has a market cap value consisting of $11.88 million, as of February 2017. Furthermore, Chineseinvestors,com, Inc. has a share structure of 80 million authorized shares, 7.66 million shares outstanding, and a float consisting of 6.6 million shares, as of September 2016. During the company’s quarter ending November 30, 2016, Chineseinvestors.com, Inc. reported total revenue of $510,000 and a net loss of $270,000. LVMH-Moet Hennessy Louis Vuitton (OTC Pink: LVMUY) operates as a luxury goods conglomerate, which offers perfumes, cosmetics, watches, jewelry, luggage, alcohol, and more. The company owns and operates brands, such as Louis Vuitton, Christian Dior, Loewe, Hennessy, Moet & Chandon, Ponsardin, and more. The luxury conglomerate has a market cap of $100.91 billion and outstanding share count of 502.03 million, as of February 2017. During the fourth quarter, LVMH-Moet Hennessy Louis Vuitton reported total revenue of nearly $10.21 million and net 3M Company (NYSE: MMM) is a massive conglomerate that operates across many sectors, which includes: “automotive, electronics and energy, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail.” The 3M Company has a market cap consisting of $109.07 billion, as of February 2017. Overall, the conglomerate has a share structure consisting of 596.2 million shares outstanding and a float consisting of 595.65 million shares. During the fourth quarter 2016, 3M Company reported total revenue of $7.33 million and net income of $1.16 million. Berkshire Hathaway, Inc. (NYSE: BRK.A) (NYSE: BRK. is the massive conglomerate that is led by Chairman and CEO Warren Buffett. The massive conglomerate owns well-known assets, including: Dairy Queen, GEICO, Duracell, Kraft Heinz Co. (NASDAQ: KHC), and more. Berkshire’s holdings are so vast that the conglomerate has a stake in almost anything you can think of, ranging from boxed chocolates, furniture, roofing, newspapers and batteries to energy storage, piping, electronic components, and much more. The massive conglomerate has a market cap value of $414.5 billion, as of February 2017. Berkshire Hathaway, Inc.’s B-class shares have outstanding shares of 1.29 billion and float consisting of 1.29 billion shares. During the company’s last reported quarter (September 30, 2016), it reported total revenue of $59.1 billion and net income of $7.2 billion. Overall, Halitron, Inc. (OTC Pink: HAON) is well positioned to capitalize on its disruptive digital scrapbooking platform that is currently in the works. The hobby and stationery’s strong 11% CAGR will create the perfect environment for success for Halitron, Inc. (OTC Pink: HAON)’s initiatives. Furthermore, Haliton, Inc. (OTC Pink: HAON) is considerably undervalued when comparing to some other comparable industry competitors; especially compared to Turner Venture Group, Inc. Turner Venture Group, Inc. has a market cap of $1.21 million, yet has never generated a single dollar in revenue in recent times. Halitron, Inc. (OTC Pink: HAON), on the other hand, reported total 2016 revenues of nearly $133,000 and has a miniscule market cap of only $472,113. Overall, Halitron, Inc. (OTC Pink: HAON) is well positioned to continue capitalizing on its equity holding business model and potentially disrupt a strong-growth industry. Disclosure: All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://www.emerginggrowth.com/disclosure-4266/. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website. 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EMGRTH Posted February 27, 2017 Author Share Posted February 27, 2017 Halitron, Inc. (OTC Pink: HAON) Plans to Complete Merger, Issue Stock Dividend and Up List with $5 Million Revenue Target NEWTOWN, CT–(Marketwired – Feb 27, 2017) – Halitron, Inc. (the “Company,” “Halitron”) (OTC PINK: HAON), a holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today announced that it is in the final stage of a spin out and merger transaction that has been in the works for the past three months. Two of Halitron, Inc.’s wholly-owned brands which have over 300,000 consumers on their customer lists are in the ever-growing scrapbooking marketplace. These two brands are in the process of being spun out into an online social marketing/digital storage company which is currently a public company. The Company anticipates that the acquiring company’s platform may be able to fill the gap as a cross between Facebook, Inc. in social marketing, and Ancestry.com in researching public records. In exchange, shareholders of Halitron, Inc. (OTC PINK: HAON) are currently expected to receive a stock dividend of 40 shares of the digital scrapbooking company’s common stock for every 1,000 shares of Halitron, Inc. common stock owned, subject to review and approval by the Financial Industry Regulatory Authority (FINRA). More details regarding this transaction including final stock dividend ratio, share price, record and payable dates, the revenue model, and its new stock symbol, will be announced upon completion of the transaction. Throughout 2016, Halitron acquired four legacy brands: www.CinchSigns.comwww.PiecesInPlaces.comwww.ArchivalPhotoPages.comwww.ArchivalMuseumSupplies.com. The primary assets acquired were the brands, and associated customer lists, Web sites, and creative artwork. The brands have been operating on idle through the second half of the year contemplating a capital infusion to implement the Company’s growth plans with regard to those brands. Halitron is on target to raise the $300,000 necessary to proportionately increase sales of its four existing legacy brands to between $3 to $5 million annually. Halitron engaged Freidman LLP to audit the books and records of Halitron in preparation for listing on the OTCQB market. The US GAAP audit is expected to be completed by the end of March 2017 followed by the filing of an annual report on Form 10-K with the SEC and the application to be listed on the OTCQB as a fully reporting company by mid-year 2017. About Halitron, Inc.Halitron, Inc., a holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then rolling them into an efficient, low-cost operating infrastructure. The Company is structured with two Strategic Business Units; Sales & Marketing Division and a Manufacturing Division. 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. To learn more about our business model, please visit: http://halitroninc.com/corporate-events/ 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. Sales & Marketing Division –– Companies that have operations in traditional marketing services and branded sales opportunities. Current Equity Assets/Holdings: Printed point of purchase and office organization segment: www.PiecesInPlaces.com www.CinchSigns.com Archival grade scrapbooking supplies and storage solutions: www.ArchivalMuseumSupplies.com www.ArchivalPhotoPages.com Manufacturing Division – Companies that have operations in the manufacturing industry. Current Asset/Equity Holdings: PRD Holdings Inc. — Mexican-based manufacturing 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 Relations3 Simm Lane, Suite 2F, Newtown, CT 064701-877-710-9873www.halitroninc.cominfo@halitroninc.com Disclosure: All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://www.emerginggrowth.com/disclosure-4266/. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website. 1 Quote Link to comment Share on other sites More sharing options...
EMGRTH Posted March 6, 2017 Author Share Posted March 6, 2017 Halitron, Inc. (OTC Pink: HAON) Closes on Non-Toxic Financing Required to Boost Revenue Draws Down on First Tranche of CapitalNEWTOWN, CT — (Marketwired) — 03/06/17 — Halitron, Inc. (the “Company”) (OTC PINK: HAON), a holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today is excited to announce closing on a credit facility to fund its 2017 growth plan. Halitron announced in its press release of February 27, 2017 that it was targeting to raise the $300,000 necessary to increase sales of its four existing legacy brands to between $3 to $5 million annually. Management is pleased to announce the $300,000 debt financing is in the form of a “non-toxic” (i.e., the debt thereunder is not convertible into equity at a discount to prevailing market prices), one year credit facility whereby the Company may draw down minimum increments of $5,000, up to a total of $300,000, which carries an annual interest rate of 8%. The credit facility has a due date of 12 months from the date of each draw down, and the ability to draw down expires in 12 months. There are no prepayment penalties. “Today we are drawing down our first tranche of capital and are excited to implement our strategic plan,” stated Bernard Findley, Halitron, Inc.’s Chief Executive Officer. “Last year we were offered a similar credit facility, which for the benefit of our shareholders, we chose not to accept because of its potential adverse effects it could have had on our stock.” The plan is to utilize the capital cautiously and correlate the incoming capital directly to increasing shareholder value through growth in sales, future acquisitions, and further developing the Halitron corporate pedigree. Halitron also recently engaged Freidman LLP to perform an audit of Halitron in preparation for listing on the OTCQB market. The audit is expected to be completed by the end of March 2017 followed by the filing of an annual report (Form 10-K) with the SEC and an application to be listed on the OTCQB as a fully reporting company by mid-year 2017. Halitron, Inc. is expecting to announce an update on the spin out, merger, and dividend details of the two major projects which were also included in the press release of February 27, 2017. About Halitron, Inc. Halitron, Inc., a holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then rolling them into an efficient, low-cost operating infrastructure. The Company is structured with two Strategic Business Units: Sales & Marketing Division and a Manufacturing Division. 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. To learn more about our business model, please visit: http://halitroninc.com/corporate-events/ 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. Sales & Marketing Division — Companies that have operations in traditional marketing services and branded sales opportunities. Current Equity Assets/Holdings: Printed point of purchase and office organization segment: — www.PiecesInPlaces.com — www.CinchSigns.com Archival grade scrapbooking supplies and storage solutions: — www.ArchivalMuseumSupplies.com — www.ArchivalPhotoPages.com Manufacturing Division — Companies that have operations in the manufacturing industry. Current Asset/Equity Holdings: PRD Holdings Inc. — Mexican-based manufacturing 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. Halitron Investor Relations3 Simm Lane, Suite 2F, Newtown, CT 064701-877-710-9873www.halitroninc.cominfo@halitroninc.com Source: Halitron, Inc. Disclosure: All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://www.emerginggrowth.com/disclosure-4266/. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website. Quote Link to comment Share on other sites More sharing options...
EMGRTH Posted March 31, 2017 Author Share Posted March 31, 2017 KinerjaPay Corp (OTCQB: KPAY) Launches the Introduction of the Company’s Proprietary, Online Payment Solution to Perusahaan Listrik Negana, Indonesia’s State-run Electric Utility’s 60 Million Customers March 31, 2017 /PRNewswire/ — KinerjaPay Corp., (KPAY), a digital payment and ecommerce platform, (“KinerjaPay” or the “Company”) today announced that it launched a “No Administration Fee” campaign for Perusahaan Listrik Negara (“PLN”), Indonesia’s state-run electric utility. PLN is the sole provider of electricity for Indonesia, generating nearly $8 billion in annual revenues. The state-run enterprise services the Country’s 60 million residents. The Company initiated the campaign to increase consumer awareness of its online bill pay services and to promote KinerjaPay as a comprehensive digital payment solution to everyday life. Management expects the campaign will run for 30 days throughout the country, and will be promoted through the Company’s media channels and online advertising. An estimated 60% of Indonesia’s population does not have a bank account and less than 8% own a credit card, and therefore must make payments with cash; KinerjaPay is one of a limited number of viable options for those consumers. The Company’s ecommerce platform enables users to securely make and receive payments online or through mobile applications, without an Indonesian bank account. KinerjaPay also offers a number of other related payment services, including credit card payment, phone bill, water utility bill, and healthcare insurance payment. With the same campaign, the Company will also apply “No Administration Fee” to all services to promote the launch of the new feature. With the launch of these features, the Company aims to serve up to 10 million accounts over the next 2 years to transform the way utility bills and others are being paid online. With the expectation that each account could generate up to $0.20 per transaction on monthly basis, this form of payment could bring steady income and revenue to the Company in the long run. Edwin Ng, Chairman and CEO for KinerjaPay Corp. commented, “PLN services the entire Indonesian population, and therefore represents a significant opportunity for us. We launched this campaign in an effort to become the primary payment option for the utilities’ customers. Once consumers discover the ease and convenience of the KinerjaPay platform and services, I am confident that they will take advantage of it for other payment activities and shopping experience.” Reference: http://www.bumn.go.id/pln/application About KinerjaPay KinerjaPay enables consumers to “Pay, Play and Buy” through its secure web portal and mobile applications. Based in Indonesia, the Company provides easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other ecommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company’s services are available through its mobile applications and on its website at http://www.kinerjapay.com. About Perusahaan Listrik Negara Perusahaan Listrik Negara (PLN) is an Indonesian state-owned company tasked with supplying the electricity needs of the Indonesian people. Total capacity of PLN’s power plants at end-2013 had grown to 46.104 MW. The company holds a monopoly on the distribution of electricity in Indonesia and it is the second-largest state company by assets. Indonesia has a population of approximately 250 million, and as of 2013, the percentage of Indonesian households that were connected to the nation’s electricity grid stood at 80.38 percent. Notice Regarding Forward-Looking Statements This press release may contain forward-looking statements, about KPAY’s expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as “believe,” “expect,” “intend,” “plan,” “may,” “should” or “anticipate” or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY’s authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY’s actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY’s actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY’s filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016. For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter. Media Contact: KinerjaPay Corp. Email: info@kinerjapay.co +62-8229-777-0098 All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://www.emerginggrowth.com/disclosure-5729/. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website. Quote Link to comment Share on other sites More sharing options...
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