Kronos Advanced Technologies Announces Letter of Intent to Acquire Leading Data-Marketing and Direct to Consumer marketing Company, Suarez Corporation Industries, for Total Potential Consideration of $25 Million

Kronos Advanced Technologies to Acquire Suarez Corporation Industries: Paving the Way for a Robust Future

PArkersburg, West Virginia, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Parkersburg, WV - August 27, 2024 - Kronos Advanced Technologies Inc. (OTC: KNOS), a leader in advanced air purification and innovative technology solutions, today announced it has entered into a non-binding Letter of Intent ("LOI") to acquire Suarez Corporation Industries, and affiliated companies through a strategic acquisition aimed at revitalizing the legacy of this well-established direct marketing giant. The acquisition, outlined in a recently signed Letter of Intent, represents a pivotal moment for both companies, combining their strengths to drive substantial growth in the coming years.

About Suarez Corporation Industries: A Legacy of Success

Suarez Industries, founded by Ben Suarez in 1968, has grown from a humble mail-order business to a powerhouse in direct marketing. With a steadfast commitment to innovation and quality, the company has become a leader in the industry, known for its diverse product offerings and rigorous standards. From its early days of operating out of the Suarez family home, the company quickly expanded, achieving profitability by 1973. By 1988, Suarez Industries had experienced a remarkable 100% increase in sales, leading to the establishment of a state-of-the-art International Headquarters. What sets Suarez Industries apart is its unique approach to product development and marketing. All aspects of the creative process—from product conception to fulfillment—are handled in-house, allowing the company complete control over the quality and success of its offerings. This integration has fueled the company’s growth, making it one of Stark County’s largest employers and a trusted name in households across the nation. Today, Suarez Industries markets hundreds of products worldwide, ranging from jewelry and collectible coins to innovative home products like the EdenPURE air purifiers and heaters. The company’s commitment to customer satisfaction is evident in its 100% money-back guarantee, ensuring that every product meets the highest standards before reaching consumers.