CHRON Enters into Letter of Intent for Master Sales Agreement with Major International Direct Sales Organization
November 07 2016 - 9:00AM
Marketwired
CHRON Enters into Letter of Intent for Master Sales Agreement
with Major International Direct Sales Organization
DALLAS, TX-(Marketwired - Nov 7, 2016) - Zen Technologies, Inc.
("Zen"), a wholly owned subsidiary of The Chron Organization, Inc.
(Ticker: CHRO), announced today that it has executed a Letter of
Intent (LOI) with a world-renowned direct sales organization.
For a myriad of strategic reasons, the name of this company will
be withheld in this release; however, it will be announced at a
later time. Nevertheless, CHRO believes that this direct sales
company will become a major distribution channel for Zen's Smart
Home services. This direct sales organization encompasses tens of
thousands of effective sales associates, whom will now have the
ability to market Zen's portfolio of Smart Home products and
services across the United States.
Alex Rodriguez, CHRON President, who led the negotiations,
stated, "I've always believed in face-to-face marketing and because
of this, I view this deal as a very strategic relationship for our
company. If we train sales representatives properly and equip them
with the right tools, this organization will help us fulfill our
mandate, which is to create smart, energy efficient homes for the
masses."
Byron Young, CHRON Chairman, commented, "This is a serious LOI,
with both parties committed to launching this program no later than
February 1st, 2017. This gives us time to develop the appropriate
training videos, marketing literature and customized processes for
this distribution channel. We envision a mutually exclusive
relationship, with details to be sorted out in the final binding
agreement, which the parties have agreed to execute in no later
than thirty days."
Per the LOI, it is anticipated that this will be a five (5) year
relationship, mutually exclusive in nature and the program is
scheduled to launch on or before February 1st, 2017. The primary
focus of the relationship will be to create Smart Homes for the
masses, which encompasses a line of Zen product packages that will
allow both apartment dwellers and home owners to automate their
lights, locks and thermostats, while also including a host of video
and home security monitoring options.
Rodriguez added, "Our alliance with this direct sales
organization is in alignment with our strategy and our mantra. We
are confident it will help us accomplish a big part of our
ambitious goal of becoming the de facto Smart Home services
provider to the mass markets."
ABOUT ZEN TECHNOLOGIES, INC. Zen Technologies, Inc. (Zen), a
wholly owned subsidiary of The Chron Organization, Inc. (OTC:
CHRO), is a 21st century home services company whose mission is to
make the "Smart Home" a reality for the millions of homeowners and
apartment homes across the United States. Zen provides homeowners
with the latest in security, monitoring and automation controls
enabling homeowners to have a Smart Home at an affordable price.
Zen combines that with its green energy services, reducing both
their carbon footprint and their monthly energy expense. The
Company's plan is to capture 5% of the homeowners' market while
dramatically reducing the nation's peak electricity demand. To
learn more, visit www.zenhomeservices.com.
FORWARD-LOOKING STATEMENTS This press release may contain
forward-looking statements. The words "believe," "expect,"
"should," "intend," "estimate," "projects," variations of such
words and similar expressions identify forward-looking statements,
but their absence does not mean that a statement is not a
forward-looking statement. These forward-looking statements are
based upon the company's current expectations and are subject to a
number of risks, uncertainties and assumptions. The company
undertakes no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to
differ significantly from those expressed or implied by such
forward-looking statements are risks that are detailed in the
company's filings at www.OTCMarkets.com
Contact Information
INVESTORS & MEDIA CONTACT: Email:
investors@chronhomeservices.com Phone: (469) 626-5275 Fax: (469)
626-5101 Investor Relations: The Eversull Group, Inc. Jack Eversull
President 972-571-1624 jack@theeversullgroup.com
www.theeversullgroup.com