CHRON Announces Acquisition of Booming National Energy
Consulting & Brokerage Firm
DALLAS, TX -- May 3, 2017 -- InvestorsHub NewsWire -- The CHRON
Organization, Inc. (OTC:
CHRO) announced today that the Company has entered into a Term
Sheet to acquire NAUP Brokerage, LLC. NAUP is a nationally
licensed, premier energy brokerage and consulting firm specializing
in the brokering of electricity and natural gas for commercial,
industrial, and municipal end-use customers.
CHRON Chairman, Byron Young, stated, This is a monumental
acquisition for CHRON because NAUPs services are incredibly
complementary to those of our wholly-owned subsidiary, Zen
Technologies. This is one of those transactions where the sum of
the two parts is far greater than each could ever be individually.
It is no doubt a key component for us in terms of being able to
drive impressive revenues nationwide."
The Company believes that with this acquisition, Zen will be
able to expand its operation and its service offering, using not
only NAUPs expertise as an energy broker, but also its multiple
channel sales approach to bring in new customers as it ventures
more and more into the commercial services space. As a part of the
CHRON portfolio, both NAUP and Zen will be able to complement one
another with an entirely new suite of services that will work in
the best interest of employees, customers, and shareholders
alike.
In my fifteen years of retail energy experience, I have never
felt more at the forefront of an industry like I do with this
acquisition. Merging our expertise and our energy desk together
with Zens Zero Cost Program and Smart Controls is certain to be a
game changer for customers and for Aggregators, Brokers &
Consultants among the deregulated energy landscape, said Ryan
Samuel, NAUPs VP of Operations.
Zen and NAUP have been collaborating on their product lines and
testing mutual service offerings over the past few months towards
exploring the potential synergies between the two organizations. As
a result, both companies have entered into a term sheet for
acquisition and the parties hope that this transaction will
officially be effective within the next few weeks.
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@chronorganization.com
Phone: (469) 626-5275
Fax: (469) 626-5101