Halo Companies, Inc. Announces Profitable First Quarter 2012 Results
22 Mai 2012 - 1:00PM
Marketwired
Halo Companies, Inc. (OTCQB: HALN) (PINKSHEETS: HALN) announced
profitable first quarter results with revenue of $1.9 million and a
net income of $279,000 for the quarter ended March 31, 2012.
"The results for the first quarter 2012 continue to show
profitably in the distressed asset services verticals," states
Robbie Hicks, Vice President & Controller of Halo Companies,
Inc. "This marks the second consecutive profitable quarter as the
fourth quarter of 2011 reported revenue of $3.2 million and net
income of $461,000. We anticipate 2012 to continue to be a notable
year for Halo in the asset management and portfolio advisory
services sectors."
Highlights for the first quarter 2012:
Financial Results excerpted from annual audit and quarterly
reviews
---------------------------------------------------------
Last 12 Months by Quarter
---------------------------------------------------------
Three Months Ended
---------------------------------------------------------
March 31, 2012 Dec 31, 2011 Sept 30, 2011 June 30, 2011
----------------------------------------------------------------------------
Revenue $1,916,838 $3,162,666 $1,453,009 $809,737
----------------------------------------------------------------------------
Net Income (Loss) $279,151 $460,837 ($559,550) ($1,277,981)
----------------------------------------------------------------------------
- Revenue increased 124% to $1.9 million over same quarter
previous year
- Net income increased 125% to $279,000 over same quarter
previous year
About Halo Companies, Inc.
Halo Companies, Inc. (OTCQB: HALN) (PINKSHEETS: HALN) is a
publicly-traded, nationwide distressed asset services company,
providing technology-driven asset management, portfolio analytics,
acquisition, repositioning and liquidation strategies for the
private investment and mortgage servicing industry. Founded in
2004, Halo established its roots in the mortgage origination
sector, quickly growing to an award-wining consumer financial
services company. Halo's years of experience, key leadership and
industry knowledge laid the foundation for its emergence as a
premier distressed asset services company. For more information
about Halo Companies, Inc., visit www.haloco.com.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains
forward-looking statements that are subject to risks and
uncertainties, and actual results might differ materially. A
discussion of factors that may affect future results is contained
in Halo Companies' filings with the Securities and Exchange
Commission. Halo Companies, Inc. disclaims any obligation to update
and revise statements contained in this news release based on new
information or otherwise.
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