Key Developments: Halosource Inc (HLOUF.PK)
0.25USD
23 May 2013
$-0.08 (-24.24%)
$0.33
$0.25
$0.25
$0.25
28,278
1,332
$0.50
$0.25
Latest Key Developments (Source: Significant Developments)
Halosource Inc Sees FY 2012 Revenue Guidance In Line With Current Market Expectations
Halosource Inc announced that for fiscal 2012, it expects revenue to be in line with current market expectations at approximately $13.3 million. Full Article
Halosource Inc Announces Issue of shares
Halosource Inc announced that 201,367 shares have been allotted and are expected to be admitted to trading on January 21, 2013 pursuant to the exercise of options under the Company's 2002 and 2010 Equity Incentive Plans. Full Article
Halosource Inc Announces Supply Agreement With Enviroclin Bio Solutions
Halosource Inc announced that it has signed a supply agreement with Enviroclin Bio Solutions, water solutions provider in Malaysia, to market and sell HaloKlear dry blend concentrates for water remediation application in Malaysia, Singapore, Thailand and Brunei. HaloSource has granted Enviroclin Bio Solutions the exclusive right to offer class technology for resale, distribution and application in construction, dredging, oil and gas, industrial, mining, erosion control prevention and significantly municipal water treatment systems. Continued exclusivity will be subject to Enviroclin achieving minimum ordering quantities representing approximately USD300,000 in revenue for HaloSource. Full Article
Halosource Inc Delivers Halopure Technology To Tupperware Brands Corporation
Halosource Inc announced that it has entered into a development and production agreement with Tupperware Brands Corporation, the U.S.-based global direct selling company, to provide HaloSource's patented HaloPure technology in cartridges for Tupperware's new line of gravity-based water purifiers that will be initially launched through Tupperware India. Full Article
Halosource Inc Announces Completion Of Placing To Raise GBP16 Million
Halosource Inc announced the conditional placing of 80,000,000 new common shares (the Placing Shares) to existing and new investors (the Placing) at 20 pence per Placing Share (the Placing Price) to raise approximately GBP16 million. HaloSource intends to use the net proceeds of the Placing for general working capital purposes and to fund a planned expansion of its Drinking Water and Environmental Water business segment. Liberum Capital Limited is acting as sole broker in relation to the Placing. The Placing Shares will be issued credited as fully paid and will rank equally with the existing common shares, including the right to receive all dividends and other distributions declared in respect of such shares after the date of their issue. The Placing Shares will represent approximately 51.18% of the enlarged issued common share capital of the Company. Following the Placing, the total issued share capital of the Company will comprise 156,306,649 common shares of no par value trading on the AIM market of the London Stock Exchange plc (AIM). The Placing is conditional, inter alia, on the Company obtaining the requisite number of waivers of existing shareholders to issue the Placing Shares without having to make a pre-emptive offer to existing shareholders, and waive the requirement for certain placees to make a cash offer for the Company on the basis that such placees will hold 30% or more of the Company's shares on completion of the Placing. Full Article
Halosource Inc Enters Into Strategic Partnership With Pentair
Halosource Inc announced that it has entered into a strategic partnership with Pentair, to market and sell its HaloPure Water Pitcher and replacement cartridges throughout Brazil. Over the next three years, Pentair will offer the co-branded point-of use devices through Pentair's retail and wholesale channels in the Brazil market. The partnership will add HaloPure technology to Pentair's product offering to eliminate bacteria and viruses, providing safer drinking water for the consumer. Full Article
Halosource Inc Announces Partnership With Perfect Water Purification
Halosource Inc announced a partnership with its first Chinese partner, Perfect Water Purification Manufacturing Co. Ltd., a global supplier of consumer goods. Under the terms of the partnership agreement, HaloSource's HaloPure cartridges will be inserted into Perfect's multi stage water purifier to deliver 99.9% reduction of virus and bacteria. HaloSource has granted Perfect the exclusive right to sell devices powered by HaloPure technology through its direct sales channels in the pressurized water purification segment in China. To maintain this exclusive right, Perfect is required to purchase a minimum of 500,000 units annually, representing approximately USD4.5 million of revenue for HaloSource. Full Article
Halosource Inc Announces Board Changes
Halosource Inc announced the resignation of its Chief Executive John Kaestle. Concurrent with this change, the Company's Board of Directors has asked Martin Coles, currently Executive Deputy Chairman, to step into the role of Chief Executive Officer effective immediately with the intent of confirming this as a permanent full-time position effective November 1. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
