Tuesday, March 27, 2012 5:56:33 PM
Crown Dynamics Corporation Signs Agreement to Acquire AirWare
Holdings, Inc.
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."
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