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HEARATLAST
HOLDINGS, INC.
7125 Pacific Circle
Mississauga, ON L5T 2A5
Holdings/Products
LATEST BREAKING
HearAtLast Holdings Acquires 100% of Fast Growing Canadian Start-up Crystal Clear Audio
© 2018 by HearAtlast Holdings, Inc. | All Rights Reserved | A Publicly Traded Company OTC:HRAL
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LAS VEGAS, NV, Sept. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- HearAtLast Holdings, Inc. (OTC:HRAL), a holding company currently involved in restructuring and expanding its business model, revenue and asset base, is pleased to announce that the Company has signed an agreement for the acquisition of a 100% interest in Crystal Clear Audio, Inc.
Crystal Clear will merge into HearAtLast Holdings as its wholly owned subsidiary in an all-stock transaction. The acquisition is part of a tax-free share for share exchange which will see HearAtLast Holdings issuing 25,000,000 restricted common shares on closing and an additional 5,400,000 restricted shares upon meeting the following milestones:
1,200,000 Shares upon Crystal Clear Audio reaching $1,500,000 in gross sales;
an additional 1,200,000 Shares upon Crystal Clear Audio reaching $2,500,000 in gross sales;
an additional 1,000,000 Shares upon Crystal Clear Audio reaching $5,000,000 in cumulative gross sales with $700,000 in pre-tax earnings;
an additional 1,000,000 Shares upon Crystal Clear Audio reaching $8,500,000 in cumulative gross sales with $1,500,000 in pre-tax earnings;
an additional 1,000,000 Shares upon Crystal Clear Audio reaching $15,000,000 in cumulative gross sales with $3,000,000 in pre-tax earnings
Based on Crystal Clear's business model and initiatives, management expects the majority of these milestones will be reached. In compliance with the Exchange Act, the shares will be issued as restricted shares and will contain substantial resale restrictions.
"We are very confident in the founders of the company. Outside of the many years of the research and development they have built a sustainable, scalable business with valuable intellectual property. HearAtLast can help take it to the next level. With their product and an injection of our funding we believe that we can increase their revenue within the first 18 months," stated Aldo Rotondi, CEO.
ABOUT CRYSTAL CLEAR
Crystal Clear Audio is a leader in audio products specializing in headphones with customized audio, bringing professional level, clear and powerful sound specifically tailored to the consumer. The Team at Crystal Clear Audio brings in over a decade of auditory research which has led to the patented NC Audio Technology.
"Anyone can bring music to your ears, but only Crystal Clear products delivers music from your ears to your brain producing an exceptional and high quality sound". Crystal Clear is constantly moving forward in research and development of bigger and better sound.
Psycho-acoustic techniques designed within our proprietary audio technologies deliver bigger sound at lower volumes making our headphone products inherently safer for hearing.
For more information please visit: http://www.crystalclearaudio.ca
ABOUT HEARATLAST HOLDINGS INC.
HearAtLast Holdings Inc. (OTC Pink: HRAL) is a company motivated in expanding its asset & revenue base for the purpose of increasing shareholder value by diversifying as a multi-faceted Company. To accomplish this, HearAtLast seeks to acquire ownership in developing Companies. Currently HearAtLast operates as a hearing aid & services company and is in the process of restructuring and adding to its business model. Stay tuned for exciting information about HearAtLast Holdings.
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
HearAtLast Holdings, Inc.
Ir@hearatlastholdings.com
HearAtlast Comments on its Reverse Stock Split
Georgetown, ON., March 29, 2018 -- HearAtlast Holdings, Inc. (OTC:HRAL) comments today on its reverse split that it completed on August 6, 2015 along with its present day restructuring of the Company. The Company had completed a reverse stock split of its shares of common stock at a ratio of 1-for-500. The Company's common stock began trading on a post-split basis on Friday, August 7, 2015. The Company's trading symbol on August 6, 2015 changed to "HRALD" and the "D" was removed 20 business days from that date. The symbol reverted to the original symbol of "HRAL." In connection with the reverse stock split, the Company's CUSIP number changed to 422217 20 8.
The reverse stock split was implemented by the Company in order to be in a better strategic position to consider viable acquisition candidates as well as looking at a future listing of its common stock on an upper tier board. There is no assurance a future upgraded listing of its common stock will be approved.
"The reverse split represented a significant milestone for HearAtlast Holdings, as it enabled us to have more options when considering new acquisitions and future growth for the Company," commented Aldo Rotondi, the Company's Chief Executive Officer. Since its reverse split and management restructuring, the Company has been reviewing and planning to close on several acquisition candidates to add to its current business model with the main focus being to increase the Company's base asset value and subsequently adding shareholder value. Furthermore, current and prospective shareholders should expect to see regular updates to its newly live Corporate website as well as additions to its management team.
As a result of the reverse stock split, the total number of shares of common stock held by each stockholder was converted automatically into the number of whole shares of common stock equal to (i) the number of shares of common stock held by such stockholder immediately prior to the reverse stock split, divided by (ii) 500. No fractional shares were issued, and no cash or other consideration was paid. Instead, the Company issued one whole share of the post-split common stock to any stockholder who otherwise would have received a fractional share as a result of the reverse stock split.
Stockholders who were holding their shares in electronic form at their brokerage firms did not have to take any action as the effects of the reverse stock split was automatically reflected in their brokerage accounts. Stockholders that are still holding paper certificates may (but are not required to) send the certificates to the Company's transfer agent. The transfer agent will issue a new share certificate reflecting the terms of the reverse stock split to each requesting shareholder.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HearAtlast Holdings, Inc.
HearAtLast Holdings, Inc. is a Nevada corporation that formerly developed a chain of hearing stores specialising in the sale of digital hearing aids and testing services within select Wal-Mart stores in Canada. The Company had entered into a licensing agreement with select stores while closing others. It was decided that it was in the Company's best interest to close the physical store-front operations and focus more on online services for hearing impaired individuals by offering online hearing screen tests to various medical clinics operating in Ontario. The Company is also currently investigating the possibility of re-branding its hearing aid division as a Hearing Aid reseller for the "online" hearing aid market on an e-commerce basis only.
For more information, visit www.hearatlastholdings.com
Notice Regarding Forward-Looking Statements
Forward-Looking Statements certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
Aldo Rotondi