Phototron Holdings, Inc. (OTCBB: PHOT) (OTCQB: PHOT), a leading technology supplier to the hydroponic growing industry, today announced progress in its consolidation strategy as Phototron Holdings integrates its acquisition of SG Technologies, and its pending acquisition of Greners.com, the largest on-line supplier of hydroponic equipment in North America.
“SG Technologies is a leading manufacturer of hi-powered light emitting diode (LED) products for indoor horticulture under the Stealth Grow™ brand. Stealth Grow LEDs represent top-notch technology that we have already integrated into Phototron’s own lineup,” said Phototron Holdings CEO, Sterling Scott.
Stealth Grow’s LED technology has many advantages over traditional high intensity discharge (HID) lighting, ranging from higher quality finished products to a reduced carbon footprint. Over the years, the company has tested and refined its technology to ultimately create a highly effective indoor horticulture technology solution that places Stealth Grow well ahead of the competition.
“It’s a perfect fit for us,” according to Sterling Scott. “Our roll-up strategy is the way we are moving forward into the future. We expect to continue to acquire and integrate more top notch brands into Phototron Holdings, including the impressive operations of Greners.com.”
Greners.com is a leading gardening website that sells the best of everything you need to grow your garden. The online portal features products running the gamut from soils, bulbs, ballasts, climate control equipment, LED grow lights and hydroponic systems. Greners.com will provide Phototron Holdings with another powerful base in which to support the strong trends in favor of the $50 billion a year home gardening market. Based in the Bay Area, its knowledgeable sales and technical support teams, as well as its key management personnel, will continue with the company.
The acquisition by Phototron Holdings of SG Technologies and the pending acquisition of Greners.com mark the beginning of a comprehensive roll-up strategy designed to rapidly build shareholder value. By acquiring profitable and growing players in the grow technology and lifestyle space, the company aims to boost its top and bottom line results over the coming quarters and years.