0001026608-12-000040.txt : 20120412 0001026608-12-000040.hdr.sgml : 20120412 20120412164639 ACCESSION NUMBER: 0001026608-12-000040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120412 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120412 DATE AS OF CHANGE: 20120412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Halo Companies, Inc. CENTRAL INDEX KEY: 0000814286 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320] IRS NUMBER: 133018466 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15862 FILM NUMBER: 12756824 BUSINESS ADDRESS: STREET 1: ONE ALLEN CENTER, SUITE 500 STREET 2: 700 CENTRAL EXPRESSWAY SOUTH CITY: ALLEN STATE: TX ZIP: 75013 BUSINESS PHONE: 2146440065 MAIL ADDRESS: STREET 1: ONE ALLEN CENTER, SUITE 500 STREET 2: 700 CENTRAL EXPRESSWAY SOUTH CITY: ALLEN STATE: TX ZIP: 75013 FORMER COMPANY: FORMER CONFORMED NAME: GVC VENTURE CORP DATE OF NAME CHANGE: 20040503 FORMER COMPANY: FORMER CONFORMED NAME: GVC VENTURE CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GROW VENTURES CORP DATE OF NAME CHANGE: 19900514 8-K 1 haln_8k041212.htm 8-K haln_8k041212.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): April 12, 2012


                  HALO COMPANIES, INC.                   
 (Exact name of Company as specified in its charter)


                            Delaware                                 
(State or other jurisdiction of incorporation)

 
000-15862   13-3018466
(Commission File Number)   (IRS Employer Identification No.)
 

One Allen Center, Suite 500, 700 Central Expressway South, Allen, Texas 75013
(Address of principal executive offices)                                                           (Zip Code)

Company’s telephone number, including area code:  (214) 644-0065

__________________________
  (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions:
 
[_]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[_]  Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[_]  Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
 
1

 
Item 2.02.   Results of Operations and Financial Condition.
 
On April 12, 2012 Halo Companies, Inc. (“Halo”) issued a press release announcing financial results for its quarter ended December 31, 2011.  A copy of the press release is attached hereto as Exhibit 99.1.

The information in this Item 2.02, including the information in Exhibit 99.1 attached hereto pertaining to this Item 2.02 is furnished solely pursuant to Item 2.02 of this Form 8-K.  Consequently, pursuant to this Item 2.02, it is not deemed “filed” for the purposes of Section 18 of the Securities Act of 1934, or otherwise subject to the liabilities of that Section.  It may only be incorporated by reference in another filing under the Securities Exchange Act of 1933 if such subsequent filing specifically references this Item 2.02 of this Form 8-K.

Item 9.01   Financial Statements and Exhibits.

(d)  Exhibits

Exhibit No.                      Description
Exhibit 99.1                      Press release of Halo Companies, Inc. date April 12, 2012

 
2

 


SIGNATURES
 
Pursuant to the requirements of Securities Exchange Act of 1934, the registrant had duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
Dated:  April 12, 2012
 
 
HALO COMPANIES, INC.
     
     
  By: /s/ Brandon C. Thompson
    Brandon C. Thompson
   
Chairman of the Board,
Chief Executive Officer and Director
 
 
 
 
 
3


EX-99.1 2 haln_8k041212ex991.htm EXHIBIT 99.1 haln_8k041212ex991.htm
Exhibit 99.1
 
Press Release
 
For Further Information Contact:
Paul Williams
Vice Chairman & Chief Financial Officer
214-644-0065
pwilliams@haloco.com
 
 
 
Halo Companies, Inc. Announces Profitable Fourth Quarter Results
 
ALLEN, TX (April 12, 2012) – Halo Companies, Inc. (OTCQB: HALN) announced profitable fourth quarter results with revenue of $3.2 million and a net income of $461,000 for the quarter ended December 31, 2011.

“The revenue and profitability generated in the fourth quarter signify a major turning point for Halo,” states Cade Thompson, Chief Executive Officer of Halo Companies, Inc. “The past two years have been a period of transition as we shifted our core business from a consumer financial services company to a distressed asset services company. A large part of the fourth quarter success is due to growth in the distressed asset verticals, primarily asset management and portfolio advisory services, indicating the completion of that transition.”

Highlights for the fourth quarter 2011:

Financial Results excerpted from annual audit and three quarterly reviews

 
Last 12 Months by Quarter
Three Months Ended
Dec 31, 2011
Sept 30, 2011
 June 30, 2011
March 31, 2011
Revenue
$3,162,666
$1,453,009
$809,737
$854,902
Net Income (Loss)
$460,837
($559,550)
($1,277,981)
 ($1,126,334)

 
·  
Revenue increased 188% to $3.2 million over same quarter previous year
 
·  
Net income increased 143% to $461,000 over same quarter previous year

About Halo Companies, Inc.

Halo Companies, Inc. (OTCQB: 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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