CHRON Announces Engagement with Coit
Capital, a FINRA Registered Broker-Dealer to Secure Steady &
Scalable Financing for its Zero Cost Program Commercial
Contracts
DALLAS, TX -- September 28, 2017 -- InvestorsHub NewsWire --The
Chron Organization, Inc. (OTCQB:
CHRO) announced today that the Company has entered into an
engagement agreement with San Francisco-based Coit Capital
Securities, LLC (Coit), a FINRA registered Broker-Dealer and
investment bank, to secure a long-term and scalable
project-financing solution for its Zero Cost Program contracts.
Coit Capital is uniquely qualified to be the premier source of
structured finance solutions for CHRONs Zero Cost Program. The
firms experienced team has a proven track record in securing
structured finance investors. Coit is experienced in various asset
classes with transaction sizes typically ranging from $ 25 million
to $200 million or less.
CHRON CEO, Alex Rodriguez, said, "We have worked diligently for
several months now and with several prospective parties in terms of
trying to fill this highly critical missing piece in our business
model. I am pleased that we have now found a real partner who I
believe can lead these transactions for us over the next couple of
years. If we are going to truly carve out a place for ourselves in
the sustainability, energy conservation, and IoT spaces, then we
will need a world-class partner like Coit Capital on our side of
the table."
Coit Capitals Managing Director, Bill Pettinati, said, "I am
excited about this engagement because I emphatically believe we can
provide a solution for CHRONs Zero Cost Program financing
initiative. Our core competencies, combined with our investor base
across a variety of different industries and asset classes, make us
an ideal investment bank for CHRON. With our experience and
expertise, we believe we can structure innovative solutions and
facilitate a closing in a timely manner. We are very excited to be
involved with this engagement, and believe it will be well-received
as the Zero Cost Program will not only allow companies to achieve
their sustainability goals, but will do so in a manner that will
provide economic benefit to both investors and clients."
Rodriguez added, "We believe that we will require hundreds of
millions of dollars over the next several years as we conduct the
installations associated with our Zero Cost Program. The good news
is that we now have Coits industry expertise in debt investment
markets helping us secure the proper funding mechanism to sustain
the Program. I believe that sustainability as a service, such as is
our program, will only continue to grow over the next decade. Coit
will be instrumental in helping us to realize this
opportunity."
ABOUT THE CHRON ORGANIZATION, INC.
The Chron Organization, Inc. (OTCQB:
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.
ABOUT COIT CAPITAL SECURITIES, LLC
Coit Capital Securities, LLC is a middle market, FINRA
registered Broker-Dealer and investment bank with a specialty in
providing structured finance solutions. Coit specializes in
transaction sizes typically ranging from $25 - 200 Million dollars
across a variety of industry verticals and structured finance
products. For more information, please visit www.coitcapital.com.
FORWARD-LOOKING STATEMENTS
This news release contains statements that involve expectations,
plans or intentions (such as those relating to future business or
financial results) and other factors discussed from time to time in
our Securities and Exchange Commission filings. These statements
are forward-looking and are subject to risks and uncertainties, so
actual results may vary materially. You can identify these
forward-looking statements by words such as may, should, expect,
anticipate, believe, estimate, intend, plan and other similar
expressions. Our actual results could differ materially from those
anticipated in these forward-looking statements as a result of
certain factors not within the control of the Company. The Company
cautions readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made.
The Company disclaims any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
INVESTORS & MEDIA CONTACT:
Email: investors@chronorganization.com
Phone: (469) 626-5275
Fax: (469) 626-5101