ATLANTA, March 26, 2012 /CNW/ - 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
For further information:
Crown Dynamics Corporation
5400 Laurel Springs Pkwy, Suite 107
Suwanee, GA 30024