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

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

Posted on June 12, 2012

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.

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