SOURCE: Phototron Holdings, Inc.

March 10, 2011 13:57 ET

Phototron Holdings, Inc. Trading on OTCQB Under PHOT

WOODLAND HILLS, CA--(Marketwire - March 10, 2011) - Phototron Holdings Inc. (OTCQB: PHOT) (PINKSHEETS: PHOT) ("Phototron") began trading on the OTC Markets OTCQB market tier under the symbol PHOT on March 9, 2011. Information on the Company and share quotations on most data service providers can be found under the symbol PHOT. On certain data providers such as Yahoo! Finance, investors may need to use the symbol PHOT.PK to obtain share price data.

"We are excited that our reverse merger has been finalized, and Phototron is now a publicly traded company. We look forward to a new chapter in the Company's success," said Craig Ellins, Executive Chairman of Phototron Holdings, Inc. "Hydroponic gardening is the number one hobby in the United States, and we are poised to expand our market penetration with a network of independent distributors."

About Phototron Holdings, Inc.

Phototron designs and manufactures indoor mini-greenhouses capable of growing almost any herb, vegetable, flower, fruit or terrestrial plant better, stronger and faster than traditional farming methods. Phototron's products, consisting of 21" x 39" units and 21" x 51" units (collectively, "Phototrons"), provide between 18,900 and 36,000 lumens of light. Phototrons allow users to precisely control what a plant receives, grow crops densely, avoid using pesticides, increase yields and automatically water plants.

Phototron currently has a customer base exceeding 50,000 people with a continuity program that represents 50% of its revenue, including nutrients and replacement parts for its units. Moving forward, Phototron plans to expand its sales using a network of independent distributors.

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 news release include statements regarding the payment of dividends, marketing and distribution plans, development activities and anticipated operating results. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as the Company's ability to accomplish its business initiatives, significant fluctuations in marketing expenses and 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, or management's ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, and other information that may be detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Investor Contact:
    Leon Hamerling
    Investor Media Group
    (877) 725-2500

    Company Contact:
    Phototron Holdings, Inc.
    Brian Sagheb
    Chief Executive Officer
    (818) 992-0200