In addition to a 19.3% drop in first-quarter sales as well as a $28.7-million loss, HALO recently announced a restructuring plan and $30-million cost-cutting efforts. The company, which has been a CenterPoint tenant for 10 years, is attempting to sell its telemarketing unit as well as its brand strategy and identity unit.
"We are seeking a mutually beneficial resolution to our discussions with HALO, which both parties are pursuing diligently," says CenterPoint President and CEO John Gates.
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