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VERY CONFUSING IT APPEARS ME AND OTHERS HAVE BEEN POSTING ON "WRONG HALOSURCE SITE" .
this one does have news ( eg the news of suspension. )
Gurdjieff, better come over to HALO BB
Positive RNS after all the bad news!
1p bid, 5p ask. Never seen anything like it.
For the main chat on this share head over to the Halosource (HALO) board. http://www.lse.co.uk/ShareChat.asp?ShareTicker=HALO&share=halosource_di This share has two tickers HAL & HALO.
post was meant for halo before you ask. similar name.lol.
large movement?.(160% spread?nice)
Outlook The Company continues to drive growth through expansion of strategic partnerships and maintaining focus on its stated strategic initiatives. The revenue growth in our primary operating segments in H1 2012 is encouraging and we believe acceleration of our product and technology innovation will create opportunities for sustained growth. We are encouraged by our progress in 2012 to date, as well as the prospects for H2 2012 and beyond as we gain traction across all aspects of our business. The current commercial agreements executed with Perfect and SIGSA as well as contracts currently being negotiated are evidence of the potential that already exists in the Company's markets. The Company continues to make significant progress towards improving its capacity to execute and we are building commercial strengths and leadership in all geographies.
Martin Coles, President and Chief Executive of HaloSource, said: "Since joining as chief executive officer in October 2011, we have made major positive changes in Sales, Marketing, Business Development and other operating functions around the world. This has significantly increased the capacity of local commercial leadership while shortening decision making time and improving our ability to act on local opportunities. HaloSource has focused on organizing the business to have commercial leadership in the geographies it operates in, further increasing its knowledge of local customer needs. "The Company has been focused on building deeper, more meaningful partnerships and to this end our partner pipeline continues to grow to include some of the world's largest consumer durables companies. We continue to focus our technology innovation efforts on new products that will differentiate us in the marketplace and drive continued revenue growth in all segments of our business."
Subsequent Events Since the Close of June · Signed a global agreement with multi-national consumer products company for supply of HaloPure® cartridges and filters for gravity water systems. We received our first purchase order for 10,000 units under this contract in July 2012 · Executed an exclusive supply agreement with RST Environmental Solutions Limited ("RST") for sales of the Company's HaloKlear™ products in New Zealand for construction and dairy industries · Ongoing negotiations for supply of HaloPure® cartridges and filters to major international consumer products company with targeted launch of gravity-fed water purifier in China in Q4 2012
Operational Highlights · 2012 first-half results show solid improvement in core business segments, including Water Purification and Water Clarification · Supply agreement signed with Perfect Water Purification Manufacturing Co. Ltd to supply HaloPure® cartridges for use in pressurized water purification devices sold by Perfect throughout over 6,000 outlets in China. · Joint development and exclusive supply agreements entered into with Servicios de Ingeniería Geosintética, S.A. ("SIGSA") for deployment of HaloKlear™ Dual Polymer System water treatment technology for projects in Latin America and Spain. To maintain exclusivity, SIGSA is required to purchase a minimum of $0.5 million of products in the initial contract year § Supply agreement with PT. Basuki Water, Indonesia for sales of the Company's HaloKlear™ products throughout the Indonesian market with expected first year sales of $0.5 million
Interim results for the six months ended 30 June 2012 Seattle, U.S.A. - HaloSource, Inc. (HALO.LN) the clean water and antimicrobial technology company traded on London's AIM, today announces its unaudited interim results for the six months ended 30 June 2012. Financial Highlights · Group revenue up 7% to $5.8 million (2011 H1 $5.4 million): - Water Clarification (Recreational and Environmental) revenue up 8% to $4.9 million (H1 2011 $4.6 million). The Company's HaloKlear™ products were a primary driver with growth in excess of 200% over H1 2011 in the rapidly expanding environmental water business - Water Purification revenue (Drinking Water) revenue up 37% to $0.7 million (H1 2011 $0.5 million) - Antimicrobial Coatings revenue down 53% to $0.2 million (H1 2011 $0.3 million) · New customer wins driving solid growth in revenues during second half of period. Revenues for the full year are expected to be in line with current market expectations · Cash burn reduced by 50% to $5.4 million for H1 2012. Cash and cash equivalents, short-term investments and restricted cash of $8.0 million at June 30, 2012
http://www.investegate.co.uk/Article.aspx?id=201208030700112185J
HaloSource, the clean water technology company, has reported "solid progress" during the first half of 2012, generating six-month revenue of $5.8m, an increase of 7.0% compared to the same period the previous year. In particular significant gains were seen in its two main growth divisions, drinking water and environmental water, following improving results since the implementation of its new strategic plan. Water Clarification revenues rose 8.0% to $4.9m, while Water Purification revenues leapt 41% to $0.7. However, Antimicrobial Coatings revenue was $0.2m, down 53% from 2011. Cash levels at the end of the period were $8.0m.
Martin Coles, CEO of HaloSource commented, "We are delighted to announce the news of our agreement with Perfect, a global leader in consumer product sales in China. The agreement ties completely to our new strategy of building strong partnerships with leading companies that are able to deploy successfully our technologies. We are proud of the HaloPure® media's distinction as the first and only drinking water purification technology to be approved under a new tough standard developed by China's Ministry of Health (MOH) in April 2011, engaging with Perfect shortly thereafter to begin development of this breakthrough line of products." In 2010, Perfect was ranked as one of the Top 10 Global Direct Sales companies in the world by Power Networking monthly magazine, with US $1.6 billion in sales. It was also the second enterprise to be approved by the Chinese government to market its products directly to consumers, through more than 6,000 outlets across China.
Perfect Water Purification Manufacturing Co. Ltd will deploy HaloPure® technology in drinking water purification devices HaloSource, Inc. ("HaloSource" or the "Company") (HAL.LN, HALO.LN), the clean water technology company, today announces a partnership with its first Chinese partner, Perfect Water Purification Manufacturing Co. Ltd., a leading global supplier of consumer goods with US$1.6 billion in sales in 2010. The partnership marks HaloSource's entry into the direct selling channel for drinking water purification devices in China. 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 US$4.5 million of revenue for HaloSource. The overall market for drinking water devices in China is estimated to be worth more than US$2.5 billion annually and growing at more than 20% CAGR, according to research group Frost & Sullivan.
http://www.investegate.co.uk/Article.aspx?id=201204170700164478B
Commenting on the appointment, Jerry Wetherbee, Board Chairman of HaloSource, said: "On behalf of the entire Board, I would like to thank John Kaestle for his many years of devoted service to our company and wish him well in the next phase of his career. Additionally, the Board feels very fortunate to welcome a Chief Executive of Martin's stature. He is a seasoned business professional with extensive corporate knowledge and insight, and we look forward to working with him in the next phase of HaloSource's commercialization." Martin Coles said: "I am delighted to step into the role of Chief Executive at HaloSource. The Company has established itself as a global leader in clean water technology a business segment with unlimited global growth potential where current entrants are barely scratching the surface of consumer demand. I look forward to working as a member of the HaloSource team bringing clean water to the world and achieving our potential in this huge global business sector".
Board Changes and Trading Update Seattle, U.S.A. - HaloSource, Inc. ("HaloSource" or "the Company") (HAL.LN, HALO.LN) the clean water and antimicrobial technology company, 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 1st. The Board is very pleased that Martin has accepted this new role and he will also remain a member of the Company's Board of Directors. Martin joined HaloSource in July 2011 as Executive Deputy Chairman and has held a number of customer and consumer facing senior executive roles and board positions in leading international blue-chip companies spanning a wide variety of sectors including consumer industries, technology and sport. He has over 30 years of significant business experience at the operating level together with consulting and advisory work on consumer engagement, branding and corporate strategy and brings senior board experience to HaloSource as its new Chief Executive. Prior to joining the HaloSource Board Martin served as President of Starbucks Coffee International and COO of Starbucks Coffee Company during a 6 year period with responsibility for Company operations in 51 countries under a number of different ownership structures. He previously served as President and CEO of the Reebok brand, was a Director of Levi Strauss and Co. and held senior executive positions at Nike and Pepsi Cola Bottling. Martin began his career in operations at Procter and Gamble in the UK moving with the company to the US in 1980 and where he held senior positions both in operations and product marketing. Martin holds a BSc (hons) in Biochemistry from the University of Wales in Swansea, UK. He is a former chair of the Advisory Board for the University of Washington International Business School, is a member of the Advisory Board for Seattle University International Business School serving concurrently as a fellow of the Albers Business School.
Trading Update: In respect to the Company's trading, the Board has revised its previously provided revenue guidance for the full 2011 year to the range of $12-13M. As the company reported in July, the recreational water business's annual autumn distribution period is key to achieving the 2011 forecast. At this point, orders into distribution have not concluded as expected in the period post Q2. While we expect this to impact negatively our Q4 revenue, we envisage volume improvement in the first half of 2012, in anticipation of next year's pool season. HaloPure's business has now shipped approximately 16,000 Waterbirds (Bajaj-branded XTP-21 powered by HaloPure) in the year-to-date, and expect to ship multi-thousand units per month over the balance of the year. Whilst this level is below our earlier forecasts, we are working with Bajaj on product enhancements and new packaging to accelerate growth and be ready for the 2012 key selling monsoon season. In addition to Bajaj, we signed a major new partner in the global direct selling space in August and expect several significant announcements through the balance of the year.
http://www.investegate.co.uk/Article.aspx?id=201110210715086015Q
Liquidity and Capital Resources The Group had cash balances at 30 June 2011 of approximately $20.5 million and no debt. This funding ensures HaloSource is well positioned to build on the progress it has made in the first half of 2011 and undertake the extensive growth activities planned across its businesses for the remainder of 2011 and beyond.
HaloSource will announce its half-year results the week of 12 September 2011. In advance of these results the Company is providing an update on trading since 31st December, 2010. Summary of first half-year progress · China MOH (Ministry of Health) certification of HaloPure received · NSF International certification of HaloPure under Standard 42 achieved · Development of the HaloPure Waterbird line of gravity purifiers complete · Shipment of Bajaj branded HaloPure powered devices in India began in June with 3,500 units shipped to support formal launch · Continued shipments to a major brand-name device manufacturer to support China roll-out, additional partner agreements in process · Strong growth in OEM recreational water category, up 34% over 2010 inclusive of Aquapill acquisition · Facility expansions in India and China nearing completion to support anticipated growth through 2013, increasing HaloPure cartridge manufacturing capacity by an additional 50% · Brazilian corporate entity formation completed and country manager appointed - expecting at least two customer launches with HaloPure in the second half of 2011 · Agreement reached with an additional major US pool products retailer with 600 outlets · HaloSource highlighted in Lux Research Water Chemicals and Competitors: The Long, Long March of the 'Chemical-Free' Revolution, as "deepest in the dominant quadrant" · Cash Balances totaling $20.5m at 30 June 2011