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.
Suarez Industries is not just a business; it's a community-minded organization. The company and its associates are known for their philanthropic efforts, supporting causes like breast cancer research, disaster relief, and numerous local charities. This spirit of giving, combined with a relentless pursuit of excellence, continues to drive Suarez Industries forward, making it a leader in the direct marketing industry., Suarez Industries has been a trailblazer in the manufacturing and distribution industry, known for its innovative product lines and commitment to excellence. With a rich history spanning nearly five decades, the company has consistently delivered high-quality products to a global market, earning a reputation for reliability and customer satisfaction.
Under the visionary leadership of its founder, Mr. Ben Suarez, the company has navigated through various economic climates, always emerging stronger and more resilient. Suarez Industries has made significant strides in technology, adapting to the ever-changing market demands while maintaining its core values of integrity and innovation.
Today, Suarez Industries stands as a testament to hard work and ingenuity, continuing to expand its influence in the industry and setting new benchmarks for quality and service. With a strong foundation and a forward-thinking approach, the company is poised for continued success and growth in the years to come. The company operates out of 160,000 square feet facility located in Stark County, Ohio.
For more information, please visit www.Edenpure.com
Strategic Partnership with Kronos: A New Era of Growth
The proposed acquisition by Kronos Advanced Technologies comes at a crucial time, as Suarez Industries has recently secured a pivotal agreement with its major suppliers. This agreement ensures an unlimited supply of products without the need for upfront payments, allowing Suarez Industries to reallocate resources towards aggressive advertising and expansion strategies.
With additional capital, Suarez Industries plans to significantly enhance its customer acquisition efforts and re-enter the retail market. These initiatives are expected to generate substantial additional sales and position the company for continued growth.
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