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| CHRO Sub Zen Tech Lands Huge Deal That is a Real Win for All |
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 Hot Stock to Watch |
Company: The Chron Organization, Inc. (Pink Sheets: CHRO)
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Last:
Price: 0.0349
Change (%): + 0.0049 (16.33)
Volume: 564,754 |
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CHRON's Affiliate, Zen Technologies, Announces Partnership with Oklahoma Grocers Association
DALLAS, TX-(Marketwired - Mar 1, 2017) - Zen Technologies, Inc. (Zen), a wholly-owned subsidiary of The CHRON Organization, Inc. (OTC: CHRO), announced today that it has entered into a strategic marketing partnership with the Oklahoma Grocers Association (OGA) to offer the Zen Technologies Commercial Zero-Cost Program™ to members of the OGA. The OGA is a state trade association that represents the food industry of over 1,800 independent grocers, convenience stores, suppliers and wholesalers throughout Oklahoma. As part of the agreement, a portion of the proceeds will be paid to the OGA for each location Zen upgrades.
The OGA was founded in 1938 and is a branch of the National Grocers Association, which represents tens of thousands of retail and wholesale grocers who comprise the independent sector of the food distribution industry. Jeff Bay-Andersen, Zen’s VP of business development, and Ron Edgmon, OGA’s president & CEO, began discussing the potential partnership between the two companies in December 2016.
“We’re so excited about this deal because grocery stores benefit from these savings more than almost any other industry, and on top of that, Oklahoma regulates energy so business owners are always looking for new energy solutions,” Bay-Andersen said. “Additionally, through the OGA we are connected to the National Grocers Association and plan to take this program nationwide.”
At an average annual energy cost of more than $4 per square foot, energy costs make up the largest portion of the annual operating budget after labor costs in the grocery retail industry, making supermarkets the most electricity-intensive type of commercial building, according to Energy Star. With Zen’s Zero-Cost Program™, supermarket owners will be able to save a minimum of 25 percent of monthly energy costs, if not more. There is no cost to the grocery store upfront for the energy saving solutions as the equipment is paid back from the savings generated monthly. The program is available in both regulated and deregulated energy markets nationwide.
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