Halo Asset Management Announces Addition of Two Industry Leaders to Management Team

ALLEN, TX (June 12, 2012) – Halo Asset Management, LLC, a subsidiary of Halo Companies, Inc. (OTCQB: HALN), a nationwide distressed asset services company, announced today the addition of Charles R. Carpenter as vice president of sales and Jody Garcia as vice president of fulfillment.

In his new role, Carpenter will oversee all sales activities. His primary responsibility is to achieve significant top line growth by developing a best in class sales team. Carpenter will also establish key performance indicators and a pay for performance system to ensure a laser-focused team.

Carpenter brings over 12 years of sales and leadership experience to the company. Most recently, he served as the regional director for True Homes in Charlotte, NC, where he was responsible for new home sales in the Eastern region. Prior to that role, he gained valuable sales experience as the regional leader for History Maker Homes, director of sales for KB Home, and realtor manager of sales at C.P. Morgan.

Garcia will direct the fulfillment portion of the asset management business. He will be responsible for creating efficiencies and improving processes to enhance production and curative timelines.

Garcia is an accomplished professional in the financial services industry, bringing over 10 years of experience to his new role. For the past four years he served as the portfolio specialist supervisor for GMAC Rescap. Prior to his role as a supervisor, he worked as a loss mitigation asset manager at GMAC Rescap. He also has extensive experience in the mortgage origination industry working as a loan officer for Centex and net branching for American Homefront Mortgage.

“Halo is pleased to welcome both Charles and Jody to the team. The wealth of knowledge and experience they bring to the company is going to complement and enhance Halo’s position as a premier asset manager in the distressed residential non-performing loan and REO sector,” states Michael Barry, President of Halo Asset Management, LLC. “In addition to the two new management positions, we’ve also added five new asset sales specialists to the team, bringing another 93 years of combined real estate and asset management experience to the company.”

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.

About Halo Asset Management, LLC

Halo Asset Management, LLC developed a complete asset management platform that focuses on the monetization and servicing of distressed real estate assets to find a win-win solution for the asset owner and consumer. Through a proprietary technology platform, sophisticated analytics and highly-skilled personnel, Halo Asset Management oversees all aspects of buying and managing distressed REO and non-performing loans. For more information about Halo Asset Management, 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.

Halo Companies, Inc. Announces Profitable First Quarter 2012 Results

ALLEN, TX (May 22, 2012) – Halo Companies, Inc. (OTCQB: HALN) announced profitable first quarter results with revenue of $1.9 million and a net income of $279,000 for the quarter ended March 31, 2012.

“The results for the first quarter 2012 continue to show profitably in the distressed asset services verticals,” states Robbie Hicks, Vice President & Controller of Halo Companies, Inc. “This marks the second consecutive profitable quarter as the fourth quarter of 2011 reported revenue of $3.2 million and net income of $461,000. We anticipate 2012 to continue to be a notable year for Halo in the asset management and portfolio advisory services sectors.”

Highlights for the first quarter 2012:

Financial Results excerpted from annual audit and quarterly reviews

  Last 12 Months by Quarter
Three Months Ended
March 31, 2012 Dec 31, 2011 Sept 30, 2011 June 30, 2011
Revenue $1,916,838 $3,162,666 $1,453,009 $809,737
Net Income (Loss) $279,151 $460,837 ($559,550) ($1,277,981)
  • Revenue increased 124% to $1.9 million over same quarter previous year
  • Net income increased 125% to $279,000 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.

Halo Companies, Inc. Announces Change of Auditor

ALLEN, TX (May 1, 2012) – Halo Companies, Inc. (OTCQB: HALN), a nationwide distressed asset services company, today announced the appointment of Whitley Penn LLP as its independent registered certified public accountant, replacing Montgomery Coscia Greilich LLP (“MCG”). Whitely Penn will begin providing services for the first fiscal quarter of 2012.

The Board of Directors approved the transition from MCG to Whitely Penn and notes that the decision to change auditors was not the result of any disagreement between Halo Companies and MCG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

“Whitley Penn is a very well respected and distinguished firm in the industry. The company’s significant experience working with publicly traded companies, audit and tax professionals with strong technical skills in the real estate space, and high quality standards will allow Whitely Penn to provide the highest caliber services to meet the current and future needs of Halo,” states Paul Williams, Vice Chairman & Chief Financial Officer of Halo Companies. “We look forward to the value they will bring to the company through their seasoned professionals and dedication to Halo’s timely financial reporting and increased transparency.”

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.

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.

NFL Great Tim Brown Joins Halo Companies, Inc. Advisory Board

Allen, Texas, March 29, 2011 – Halo Companies, Inc. (OTCQB: HALN), today announced that famed football superstar, Heisman trophy winner, and two-time nominee to the Pro Football Hall of Fame Tim Brown has joined the Halo Companies Advisory Board.

Tim Brown

“Halo has quite a new and unique concept in the asset management arena,” states Tim Brown. “Having a devotion to home ownership in the local community, I am excited about going down this path with Halo in serving on the advisory board, and I look forward to working closely with the Halo team.”

Being a multi-record breaking, Heisman Trophy winner from Notre Dame, Mr. Brown has had exceptional experience and success throughout his career. Selected by the Los Angeles Raiders, Mr. Brown was the 6th overall pick of the 1988 NFL Draft. Spending 16 years with the Raiders, he established himself as one of the League’s most prolific wide receivers. His fame and success with the Raider’s organization earned him the title, Mr. Raider.

“Tim is a great asset to our advisory board,” remarks Paul Williams, Vice Chairman & Chief Financial Officer of Halo Companies. “He has always been an All-Star in everything he has gotten involved in and has developed not only a reputation as a great football player, but also a great man.”

Mr. Brown was voted to the Pro Bowl nine times, played with the College Football All-American Team twice, 1987 Heisman Trophy Winner (first wide receiver to win the award), 1987 Walter Camp Award Winner and was part of the NFL 1990’s All Decade Team. He is a Fox Sports Network NFL Analyst and has been featured on Comcast’s “Pro Football Now”, “News America” and various Super Bowl broadcasts.

Mr. Brown is heavily involved in the “9-1-1 for Kids” program which teaches children emergency preparedness. He is also ambassador to the President’s Physical Fitness Council and is currently starting a NASCAR racing team as part of their Drive for Diversity program. Mr. Brown is happily married with four children.

About Halo Companies, Inc.

Halo Companies, Inc. (OTCQB: HALN) is a publicly-traded nationwide asset management and consumer financial services company that provides solutions to financially distressed consumers which can be applied individually or utilized as a comprehensive workout strategy. Halo is able to develop comprehensive, tailored solutions for consumers through debt settlement, credit repair, mortgage lending, real estate services and insurance protection. Halo also offers portfolio advisory and consulting services for investors and institutions holding portfolios of non-performing assets. Halo has been recently recognized by Inc. Magazine, Comerica Bank’s Collin 60, the Capital One Bank Celebration of Enterprise, and the SMU Cox School of Business Dallas 100. 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.

Halo Companies, Inc. Honored with Celebration of Enterprise Award For Two Consecutive Years

Allen, TX, February 24, 2011 – Halo Companies, Inc. (OTCQB: HALN), a publicly-traded asset management and consumer financial services company based in Allen, TX, was honored by Capital One Bank with the Celebration of Enterprise Award in the Medium Business category for the second year in a row. Cade Thompson, Chief Executive Officer for Halo Companies, Inc., accepted the award at a luncheon held for the finalists at the Renaissance Hotel in Dallas.

The Celebration of Enterprise Award is designed to recognize entrepreneurial spirits, reward those who saw significant economic growth, and overcame daunting obstacles to achieve that growth. The organization saw more applicants this year than in any previous year – a reflection of the extensive growth in the area. Collin County is one of the fastest growing counties in Texas, and is recognized as one of the top growth counties in the nation. With many businesses relocating to the area each month, the competition is fierce.

Halo Companies, Inc. was selected from a group of five finalists as the winner of their category. “We are extremely honored to receive this reward and recognition for the second year in a row,” states Paul Williams, Vice Chairman & Chief Financial Officer of Halo Companies. “For Halo to be acknowledged with awards such as this, we must continue the uniformity of our vision, goals, and focus to remain a successful, competitive company in the area.”

Halo Companies, Inc. is composed of ten companies and over 100 employees assisting consumers and businesses in achieving their financial goals. Halo offers a full suite of services including asset management, mortgage lending, real estate services, insurance services, credit restoration, and unsecured debt resolution to help each consumer accomplish the dream of homeownership.

“Halo has transitioned from focusing solely on the core consumer products we assembled over the last seven years, to leveraging our wholesale business-to-business relationships, allowing us to take down larger blocks of business and improve our client conversion efficiencies,” confirmed Williams.

About Halo Companies, Inc.

Halo Companies, Inc. (OTCQB: HALN) is a publicly-traded nationwide asset management and consumer financial services company that provides solutions to financially distressed consumers which can be applied individually or utilized as a comprehensive workout strategy. Halo is able to develop comprehensive, tailored solutions for consumers through debt settlement, credit repair, mortgage lending, real estate services and insurance protection. Halo also offers portfolio advisory and consulting services for investors and institutions holding portfolios of non-performing assets. Halo has been recently recognized by Inc. Magazine, Comerica Bank’s Collin 60, the Capital One Bank Celebration of Enterprise, and the SMU Cox School of Business Dallas 100. 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.

Halo Asset Management, LLC Acquires Equitas Asset Management, LLC To Establish Stronger Position in the Distressed Residential Real-Estate Market

Allen, TX, January 27, 2011 – Halo Companies, Inc. (OTCQB: HALN) recently announced the acquisition of Equitas Asset Management, LLC and Equitas Housing Fund, LLC (the “Fund”), a fund designed to benefit homeowners and communities across the nation through the purchase and monetization of distressed or undervalued real estate assets, primarily single-family residential properties.

The $20,000,000 Fund was formed as a real estate investment fund that invests primarily in single-family residential real estate across the United States.  The Fund’s primary goal is to acquire properties in metropolitan areas, with an emphasis on undervalued or distressed properties at or below replacement cost, through bank owned real estate and non-performing mortgages.

“This program offers significant benefit to the existing homeowner or new home buyer and the community in which the property is located,” states Reif Chron, Vice President & General Counsel of Halo Companies, Inc. “Once this Fund’s resources have been fully deployed, the Company contemplates establishing additional Funds to continue these efforts.”

The Fund allows families to purchase or retain their homes on an affordable monthly payment plan, averaging $350 per month.  This funding program helps stabilize neighborhoods, keeps children in schools, and provides homeowners the opportunity to build substantial equity.

Communities also benefit from the general increase in home ownership, which drives property values up and results in increased property tax revenue.  Establishing a benchmark for home prices in low- to moderate-income neighborhoods will entice traditional lenders to re-enter the market.

Halo Asset Management, parent company of the Fund, identifies potential portfolios or pools of non-occupied, foreclosed single family homes and non-performing residential mortgage notes.  These assets can be purchased at a deep discount.

The Fund will typically monetize the seasoned residential mortgage notes after they have been held for some period of time.  To balance the current reality of the market, the Fund often has the ability to rehabilitate the borrower to a creditworthy status, providing access to traditional mortgage lending and achieving a much higher par value exit price.

“The real-estate market has experienced a tremendous shift the last several years creating great opportunities for Halo. This transaction is the culmination of two years of re-tooling the entire Halo product mix for integrated applications in this new space,” states Cade Thompson, Chairman & Chief Executive Officer of Halo Companies, Inc.

About Halo Asset Management, LLC

Halo Asset Management, LLC was recently founded in connection with the formation of the Fund.  Halo Asset Management is led by a seasoned group of consumer financial and real estate experts, specializing in consumer credit and lending. Halo Asset Management created a unique business plan that takes advantage of two of the biggest anomalies that exist in today’s residential real estate market: (1) the collapse of available capital for lending, and (2) the over-correction of home prices particularly in low- to moderate-income markets.

About Halo Companies, Inc.

Halo Companies, Inc. (OTCQB: HALN) is a publicly-traded nationwide consumer financial services company that provides solutions to financially distressed consumers which can be applied individually or utilized as a comprehensive workout strategy. Halo is able to develop comprehensive, tailored solutions for consumers through debt settlement, credit repair, mortgage lending, real estate services and insurance protection. Halo also offers portfolio advisory and consulting services for investors and institutions holding portfolios of non-performing assets. Halo has been recently recognized by Inc. Magazine, Comerica Bank’s Collin 60, the Capital One Bank Celebration of Enterprise, and the SMU Cox School of Business Dallas 100. 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.

Quick Facts

Headquarters
7800 N. Dallas Parkway
Suite 320
Plano, TX 75024

Halo Companies, Inc. Headquarters

Employees
13

Ticker Symbol
HALN

Leadership
Cade Thompson
CEO
Paul Williams
Director
Richard Morris
Director
T. Craig Friesland
Director
Jimmy Mauldin
Director

Stock Quote