July 19, 2016 / 11:57 AM / a year ago

BRIEF-Crius Energy signs agreement to expand network marketing sales channel

1 Min Read

July 19 (Reuters) - Crius Energy Trust :

* Crius Energy enters partnership to expand network marketing sales channel

* Transaction expected to streamline operations while maintaining exclusive access to high-performing network marketing sales channel

* Asset purchase agreement includes payments to Crius Energy totaling $10 million over five years

* Subsidiary has entered into an asset purchase agreement with Viridian International Management LLC

* Viridian international will be led by Chief Executive Officer Paul Booth

* Asset purchase agreement includes $2 million in cash upon completion of deal, $4 million promissory note due to company in 12 months

* Crius will continue to directly own and service all existing and future electricity and natural gas customer relationships Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below