On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

NetworkNewsBreaks – Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) Enters LOI to Acquire Leading Provider of Electrical Retrofit Services

Company: Kontrol Energy Corp. (KNRLF)
Category: News

Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8), a leader in the energy efficiency sector, this morning announced its entry into a letter of intent to acquire an established and leading provider of electrical retrofit services (the “Target”). Per the update, the Target has been providing the Canadian market with high quality, value-added electrical efficiency services and retrofit applications for more than 15 years. It has reported averaged unaudited revenues of over $6.5 million and normalized EBITDA of approximately $700,000 over the past three years. The proposed purchase price is C$3 million, subject to working capital adjustments with a holdback of $300,000 for 12 months. “There are many strategic synergies between Kontrol and the Target including a complimentary customer base, product offering and distribution network for our existing smart building technologies,” Paul Ghezzi, CEO of Kontrol Energy, stated in the news release. “The Target currently provides services and solutions to many of Kontrol’s existing customers and we see an immediate expansion potential across a growing combined customer base as we vertically integrate across our broader operating platform.”

To view the full press release, visit http://nnw.fm/M1u84

About Kontrol Energy

Kontrol Energy Corp. is a leader in the energy efficiency sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas emissions. For more information, visit the company’s website at www.KontrolEnergy.com

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Contact us: 212.418.1217