Aug 4 (Reuters) - Strongco Corp
* Strongco announces intention to pursue sale of Chadwick-Baross Inc.
* Proceeds from completion of transaction to be used to reduce indebtedness under credit facility, pay trade payables, fund its operations
* Intends to pursue sale of 100 pct of shares of Chadwick-Baross, Inc. for about US$12.75 million to ISH Capital Inc.
* Adopted a salary deferral program for senior leadership team and directors to further improve cash flow Source text for Eikon: Further company coverage: