CHRON Acquires Leading Texas-Based Retail Electric Provider:
Enertrade Electric LLC
DALLAS, TX -- January 25, 2017 -- InvestorsHub NewsWire -- The
Chron Organization, Inc. (OTCPK:CHRO)
is pleased to announce that it has finalized terms and executed all
binding closing documents in the acquisition of Enertrade Electric,
LLC (Texas based Retail Electric Provider). CHRON has set up a
wholly owned subsidiary, Zen Energy, Inc. (Zen) for such purposes
and intends to use this entity to expand its retail energy
operations across the country.
The transaction closed after hours this past Friday and is now
only subject to pending regulatory approval from the Public Utility
Commission of Texas (PUCT). The Company foresees no hurdles in
garnering said approval, given the routine nature of such process
and the qualifications that CHRONs management team has in place.
CHRON is eager and excited to make a substantial and positive
contribution to the competitive retail energy sector in Texas.
With this acquisition, Zen has gained all of the licensing and
supplier agreements needed to conduct business in the REP space
meaning Zen will be able to sell electricity to its customers
alongside its Smart Home technologies. This is a critical step
forward for Zen in expanding its outreach to new customers and
achieving its long-term goal of providing Smart and Energy
Efficient Homes to the masses.
We will be the first Smart Home retailer that not only controls
the lights, thermostats and other home appliances, but also the
meter from which these devices are running, stated Alex Rodriguez,
CHRON President and Zen CEO. This is monumental and the
opportunities for innovation are endless, he went on to say.
With the management teams extensive knowledge of the deregulated
Energy industry, the Company aims to become a home automation
leader nationwide that can also provide energy-efficient electrical
plans to its customers.
Chron Chairman Byron Young added, Zen Home Services will now be
able to merge home automation with green energy services, bringing
us one step closer to our goal of being a one-stop shop for all of
a Customers Smart Home needs.
ABOUT THE CHRON ORGANIZATION, INC.
The Chron Organization, Inc. (OTCPK:
CHRO), is an entrepreneurial-minded company founded and
envisioned by Mr. Byron Young and Mr. Alex Rodriguez. The Companys
purpose is to develop a portfolio of highly successful and unique
wholly owned businesses by providing incubation, advisory and
capital services to the same. CHRONs interests include the smart
home services, Internet of Things (IOT) platforms, deregulated
energy & energy efficiency offerings. To learn more about
CHRON, visit the companys corporate website at www.chronorganization.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
INVESTORS & MEDIA CONTACT:
Email: investors@chronhomeservices.com
Phone: (469) 626-5275
Fax: (469) 626-5101