Phototron Holdings, Inc. (OTCBB: PHOT), a leading technology supplier to the hydroponic growing industry, today announced that its acquisition of Greners.com will close on July 9, 2012. Greners.com is a leading gardening website that sells everything from cutting and propagation to complete indoor lighting systems.
“We are excited to announce the closing of our acquisition of Greners.com, the premier hydroponics online supply business in North America,” said Sterling Scott, the CEO of Phototron Holdings, Inc. “We have long admired the breadth of their product line, customer service and knowledgeable staff.”
The acquisition of Greners.com, a leading contender to become the quintessential online hydroponics superstore, is expected to synergistically enhance revenues and profits for both Phototron and its GrowLife Companies. The move also represents a significant milestone in the company’s efforts to distinguish itself from others in the space.
“The team at Phototron/GrowLife have been great to work with,” said Tao Klauenburch, Co-President of Greners.com, “Even in advance of the closing, we have been working together to coordinate operations and increase our cross selling amongst the GrowLife companies. It is an exciting time for our industry and we are very pleased to join our companies together.”About Greners.com Greners.com is a leading gardening website that sells the best of everything you need to grow your garden. Featured are the products from the most reliable companies backed by the best warranties for sale at the best price. On Greners.com you will find all the tools for cutting and propagation to complete indoor lighting systems. Growing mediums, soils, bulbs, ballasts, reflectors, meters, timers, growing accessories, climate control equipment, LED grow lights and hydroponic systems. For more information, please visit: www.greners.com. About Phototron Holdings, Inc. Phototron Holdings, Inc. (OTCBB: PHOT) (OTCQB: PHOT) is a progressive company with core holdings in innovative technology based products and services for home gardening specialty markets including Stealth Grow LED brand LED grow lights and the Phototron single plant systems and accessories. For more information visit www.stealthgrow.com and www.phototron.com. For comprehensive investor relations material please follow the appropriate link: Investor Presentation, Investor Portal and Investor Fact Sheet. Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward- looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward looking statements in this release include statements regarding the potential growth and advantages arising from the Merger, and anticipated operating results. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as the parties’ ability to close the transaction, the parties’ ability to accomplish their respective business initiatives, Phototron’s ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of its products and services, as well as the introduction of competing products, and other information that may be detailed from time to time in Phototron's filings with the United States Securities and Exchange Commission. Phototron undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts