26 Apr April Newsletter
From the Desk of the President, Mr. Alex Rodriguez.
Dearest Shareholders, Partners & Friends of CHRON:
Hopefully you have all heard by now, but if not, we are so excited to announce that, as of late last week, we have officially filed our Form 10 with the U.S. Securities and Exchange Commission! Both Byron and I, as well as our entire team, have been incredibly busy preparing for this filing over the last month so we wanted to take the time to send out this newsletter to update all of you on the latest happenings here at CHRON.
This monumental event marks the Company’s move to becoming a fully-reporting company with the SEC and subsequently up-listing to the OTCQB, something we have been working toward since Byron and I first came on as management in December 2015. This is the beginning of a whole new era for us as a positive revenue-generating company and I am so excited for both our team and you all as shareholders to see our significant growth in the coming months.
Other Recent Accomplishments:
- Following our Form 10 effectiveness, which is approximately 60 days from April 20, CHRON will be up-listing from the OTC Pink Sheets to the OTCQB.
- We completed our audit for the year ending December 31, 2016; this is on the heels of completing 2014 and 2015 audits.
- Received final regulatory approval from the PUCT for CHRON to enter into the Retail Energy marketplace in the Texas deregulated energy market
- Launching of Zen’s Commercial Energy Program.
- Announcing our Shareholders’ Q1 Conference Call on Tuesday, May 2.
2016 Audit Completion:
We have completed the audit of our financial statements for the 12 months ended December 31, 2016. The Statements were published on April 13, 2017 and are available for review here. The financial statements for the years ended December 31, 2014 and 2015 are available for review here. Readers of these Statements should be aware that the Statements exclusively reflect the results of operations prior to the change in business direction of the Company and prior to the new management taking control of the Company. This is a monumental step for us as a Pink Sheets company as we now have three years of audited financials filed and made available.
Approval from the PUCT for Retail Energy License:
We have been granted final approval from the Public Utility Commission of Texas for a license to operate as a Retail Electric Provider. This approval is something we have been working toward since we acquired Texas-based Retail Electric Provider: Enertrade Electric in early 2017 and we are confident that we will be able to make a significant contribution into the competitive REP space in Texas as a deregulated utility. More details on the acquisition of Enertrade Electric can be found here in an earlier press release. Name and brand changes (i.e. Zen Energy) will be underway over the next couple of months, however we anticipate being able to put revenue on this operating platform immediately.
Q1 Shareholders’ Conference Call:
We are pleased to announce that we will be hosting a Shareholders’ Conference Call summarizing the first quarter of 2017 on Tuesday, May 2 at 3:30 P.M. Central. A few of the topics that will be discussed include a recap of the events occurring during the first quarter of 2017, the Company’s up-listing strategy, an update on the partnership with a major direct-selling organization and new details on the Company’s overall strategy for the remainder of 2017.
CHRO Q1 Shareholder’s Conference Call 2017
Tue, May 2, 2017 3:30 PM – 4:30 PM CDT
Please join my meeting from your computer, tablet or smartphone.
You can also dial in using your phone.
United States: +1 (669) 224-3412 | Access Code: 392-748-797
For those unable to participate in the live conference call, an archived version of the webcast will also be available on our website, chronorganization.com. As always, investors with any questions or topics that they would like for us to cover during the shareholder conference call should email their questions in advance to email@example.com.
Opportunity in Zen Commercial Services:
I am very happy to report that we are gaining ground with our commercial services. Back in February, I posted a short blog about this program and re-posted the original press release talking about this program and our launch of the same; you can view that posting here on my personal Linked-In Page. We have started to engage with and enroll commercial clients via a very small and exclusive agent program. We will soon be opening up this program, with the hopes of growing it more aggressively and ramping up our commercial services program. Accordingly, I am inviting shareholders that are interested (and qualified) in pursuing an opportunity with us as an authorized, certified agent of Zen Technologies to join me on a webinar whereby we will be providing an overview on the services, the value proposition to the customer and the opportunity to earn incredible life changing income as one of our valued business partners. Mark your calendars for May 9, 2017.
In conclusion, I want to remind you of the words that Byron and I have told ourselves and many of you from the moment we took over this company; “this will be a three to five-year ride.” This isn’t to imply that we will only be here for that long, but rather that we would need that time in order to repair and reorganize the company, and then to establish ourselves in the marketplace (smart controls + energy), and then becoming a force to be reckoned with in the industry. Notwithstanding the basic business challenges and hurdles associated with building a business and/or executing a strategy, I remain confident in my conviction that we are on the right path and will see that kind of success in a timely fashion. Thank you.
I remain sincerely yours,
President & CEO
The CHRON Organization, Inc.