Quantcast
Last updated on April 17, 2014 at 13:30 EDT

Crown Dynamics Corporation Signs Agreement to Acquire AirWare Holdings, Inc.

March 26, 2012

ATLANTA, March 26, 2012 /PRNewswire/ – Crown Dynamics Corp., (OTCBB: CDYY.OB)
Today announces that it has entered into a share exchange agreement to
acquire 100% of Arizona based AirWare Holdings, Inc.

AirWare is an innovator in breathing devises that enhance life, health
and promote good breathing. AirWare’s line of advanced nasal breathing
products address a wide range of issues, including congestion,
allergies, snoring, and travel-related illnesses.  AirWare’s products
are clinically proven and have produced USA retail sales revenue in
excess of $4.25m dollars to date.  AirWare owns 17 issued patents and
has several patents pending.

Steve Aninye Chairman and CEO said “Our decision to acquire AirWare is
one that provides benefit to Crown on so many levels.”   Steve adds,
“The acquisition provides Crown with retail vendor sales history,
accesses to international established vendors such as Boots in the UK,
extensive clinically proven line of patented products, large US
distribution channels, seasoned management, and most importantly a
natural product extension which will enable Crown to enhance lives and
provide better health through the sale of our products.”

David Dolezal Chairman and Founder of AirWare said “We believe this
partnership with Crown Dynamics affords us the vehicle for both rapid
growth and global expansion of our AIR products.  The acquisition
brings together key assets and a tightly connected team, ensuring we
have well-aligned priorities, and integrated R&D platform, and the best
partnership as we move forward.”

Jeffrey Rassas, CEO of AirWare said “This transaction with Crown
facilitates our strategic objectives to be part of a publicly traded
company. With a broader focus in the healthcare sector, we will
continue to benefit consumers through proprietary, patented, innovative
technologies like our product “Air.”  Jeffrey adds, “My experience in
leading several public technology companies will provide both expertise
and depth of knowledge to the Crown Management Team. We are confident
we will leverage the AirWare worldwide distribution agreements, and
bring our respective offerings to market, improving lives and building
shareholder value.”

About Crown Dynamics Corporation
Crown Dynamics provides technology solutions for enhancing the personal
safety of the elderly and people with special needs, allowing them to
live safely at home or in care facilities. Crown Dynamics Watchtower
solution provides point-of-care protection and can be used when the
resident is at home, independent or assisted living environment. The
service provides peace of mind to families and caregivers and helps
institutions manage risk and improve the quality and efficiency of
care.

About AirWare Holdings, Inc.
Utilizing a comfortable and discreet design that is soft, pliable and
latex-free, AIR sits nearly invisibly inside the nose, gently lifting
and supporting nasal passages – resulting in up to 38% increased
airflow and better breathing.  Air Essentials line incorporates the
powerful therapeutic properties of essential oils, and the Air Filters
line features and electrostatically charged 3M Filter engineered to
trap unhealthful particles before they enter the system. Using the
latest in cutting edge technology and equipment, and advised by
physicians, engineers and scientists, the materials and services of AWL
are designed as educational tools for the general public.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties, including the Company’s beliefs about its
business prospects and future results of operations. These results may
not indicative of the result achieved in the entire tailings pile do to
the non-homogenous nature of the pile itself. Some factors that could
cause actual results to differ materially include economic and
operational risks, changes in anticipated earnings, continuation of
current contracts, and other factors detailed in the Company’s filings
with the Securities and Exchange Commission, including its most recent
Forms 10-KSB and 10-QSB. The Company forecasts provided above are
dynamic and therefore refer only to this release date. The Company does
not undertake to update any forecasts that it may make available to the
investing public. Please visit www.crowndynamics.co and  www.airwarelabs.com

SOURCE Crown Dynamics Corporation


Source: PR Newswire