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DALLAS, TX--(Marketwired - Mar 15, 2016) - The Chron Organization, Inc. (
The acquisition will allow USAR to accelerate its plans to enter the industry, bringing proper licensing, infrastructure and brain trust into Chron immediately. The Company expects to have this transaction closed within the next thirty days.
Alex Rodriguez, President of The Chron Organization, stated, "This is an excellent strategic move for us and will get us immediate entry into the marketplace. It allows us to start adding revenue to the Company while we are still building out other aspects of our infrastructure such as our retail energy offering and adding the SafetyNet brain trust to our team is invaluable."
Byron Young, Chairman of Chron, said, "We are very pleased and excited about this strategic acquisition. It gives us the alarm licenses we need to gain entry to the markets now, but more importantly the senior management expertise that comes along with it."
ABOUT THE CHRON ORGANIZATION
The Chron Organization, Inc. (
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, which are on file at www.OTCMarkets.com.