SW Innovative Holdings, Inc. Updates Shareholders
HOUSTON, TX -- (Marketwired) -- 11/02/15 -- SW Innovative Holdings, Inc. (OTC PINK: SWHI), a provider of prepaid telephone services, would like to update its investors and shareholders of the following:
Norman George, President, said our market research has discovered a niche market who need landline home telephone service without the frills and offers the budget conscience consumer a choice over the big telephone companies, which gives us a competitive advantage. In fact, in 35% of our target market our service is the only one available. Basic communication like local landline and 911 emergency access are lifelines to many people.
Through our reseller agreements with our service providers (Verizon and AT&T) we are able to purchase and in turn resell "plain old telephone service" (POTS) at a discounted rate from the incumbent carrier. We file a tariff rate plan with the public utilities commission where we make a profit marketing access to the telephone network to the consumer.
The benefits to our prepaid telephone services:
- No credit check.
No deposit required.
No social security number needed.
Consumers who have loved ones that are incarcerated are able to stay in touch.
Consumers who are on a fixed income can rely on the same budget priced rate every month.
Consumers who have medical devices that rely on a landline to communicate with doctors and hospitals will benefit as well.
Governmental subsidies are available monthly to those consumers who qualify.
Plain Old Fashioned Telephone Service (POTS) maintains connection during major power outages 95% of the time.
Norman George, President, is very excited about the future and the decision to focus company resources on executing contracts with our service providers, which includes the prison system as well as state and federal assistance providers. We will provide updates on coming events as our business plan unfolds over the next few months.
About SW Innovative Holdings, Inc.
SW Innovative Holdings, Inc. sells prepaid, unlimited local (dial tone) telephone service to the residential market, primarily in greater Houston. The Company is fully licensed by the Texas Public Utility Commission to resell telephone services throughout the State. Once SWHI achieves critical mass in Texas, the Company plans to expand its prepaid telecommunications product offerings nationwide. For more information, visit www.everybodysphonecompany.com.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Everybody's Phone Company
Tel: (855) 268-1610
Source: SW Innovative Holdings, Inc.
Released November 2, 2015
SW Innovative Holdings, Inc. -- Shareholder Update -- Capital Structure
HOUSTON, TX -- (Marketwired) -- 09/08/15 -- SW Innovative Holding, Inc., (OTC PINK: SWHI) or the Company, would like to discuss plans to rapidly grow revenues.
The Company reviewed its options to raise capital needed to implement its announced business plan. The Company determined that filing a valid registration statement to sell registered shares to qualified investors is the best approach to legally raise equity.
The Company determined that filing a "Form 1-A" (Reg-A) statement would benefit the company by setting a defined price to sell shares to qualified investors. Selling registered shares allows the Company to avoid raising equity from the sale of aged debt or entering into toxic funding transactions.
The Company would like to address investor concern of why the Company set the price per share in the registration statement at $.0001 and plans to register 10 Billion shares of common stock to raise $1,000,000 in fresh equity to implement our announced business plan. The registration statement was filed with the SEC on or about October 2014. The Company did not anticipate the price per share declining while the SEC reviewed the registration statement. On or about March 27, 2015 the SEC declared the registration statement "qualified" pursuant to Regulation A under section 3(b) of the securities act of 1933, as amended.
The Company is confident that we can meet our business expansion plans with a more innovative approach to raising fresh equity. The Company will issue news on a regular occurrence.
Required Funds :
The following table provides our funding requirement that would only sell a combination of 30% of the authorized common shares:
| || || |
|Proposed sale of shares both free trading and restricted || ||Funding |
|1. Plan to sell 2 Billion registered shares at .0001 by the end of 4th Quarter 2015 || ||$200,000 |
|2. Plan to sell 2.5 Billion shares of 144 stock by the end of the 2nd Quarter 2016 || ||$500,000 |
We know from beta-test marketing that our breakeven and our projected reinvestment points are based on the number of subscribers. By the end of 2016, the Company anticipates we will be self-sustaining, with positive cash flow based on raising $700 thousand.
Mr. Norman George the President of the Company said, "The Company doesn't anticipate entering into any new debentures or convertible notes; the Company at this time has no plans to reverse split the common stock; the board at a future date may determine it is in the best interests of its shareholders to reduce the number of shares authorized."
About SW Innovative Holdings, Inc., Inc.
SW Innovative Holdings, Inc., Inc., sells prepaid, unlimited local (dial tone) telephone service to the residential market, primarily in greater Houston, Texas. The Company is fully licensed by the Texas Public Utility Commission to resell telephone services throughout the State [Service Provider Certificate of Operating Authority (SPCOA) No. 60785]. Upon achieving critical mass in Texas, the Company plans to expand its prepaid telecommunications product offerings nationwide. For more information, visit www.everybodysphonecompany.com.
Date Created: May 14, 2015
Project Start Date: June 22, 2015
The client (SWHI) has a requirement for $1 million as outlined in their business plan. Use of funding is for expansion planning and market position to reactivate the stock trading services on the exchange board, as well as to create a following and motivate market awareness for their unique telephone services. The client has executed a Reg-A registration of free trading shares and is selling shares to raise expansion and working capital.
Our client (SWHI) has a very established market and a demand for their phone services that has three unique and well defined mandates supporting the phone services offered. The composition of their solutions combine three elements. Two are established by the US Federal Communication Commission (FCC) and state government legislature to install analog phone services for citizens under state assistance programs. The market differential is that analog phones are supplied power over the telephone line and classified as a US Department of Human Services disaster relief service. The client currently has 140 customers installed with Plain old analog Telephone services, 8,300 customers within their general areas and over 5 million customers within four states surrounding Texas. ALL Read the DD: Milestones for the company ahead!!! Under contract with AT&T & Verizon - looking to expand its services in all states with both companies - HUGE!!!
COMPANY UPDATE: 7/1/2015
Last weeks conversation with CEO Norman George 6/25/2015:
Finally got thru to Norman, it looks like the Reg A is complete (as we all knew), but it hasn't been updated by SEC on their website.
Now about this offering (Reg A)......they have been submitting docs to sell shares in over 12 states, and have received approvals on most all (2 week approval process). Those not approved are still in the works, just taking a longer time than expected. They have a buyer already in 1 state, and are just waiting to get the state approval to sell and it will be finalized. Norman said that once this first buyer gets shares and works his so called magic behind the scenes to drive stock price up, more investors will soon follow suit. Remember all investors within the states that he can sell to get the price at .0001 regardless of what the actual stock price is. Imagine the PPS goes to .0005, and big fish can now buy mass shares at .0001. He said this is when the ball will get rolling. He expects this first sale of shares to occur in the by this Friday or next Monday, just waiting on the states approval of the investors residency to finish paperwork. The investor has already sent the money in (how much I do not know).
Looking to hire an investor relations firm soon (has a few that are interested in the company), and will give them shares for their services. They cannot PR until this is complete, as its against the law, 3rd party is required. Norman said to expect some price action/volume starting in July (we will see).
I once again am excited for the company. Definitely goes up and down, but I think our time is coming soon! How soon, lets hope July. He was very optimistic and he says all this legal mumbo jumbo is almost complete. They have done everything by the books and legal, so lets hope this pays off!
Expansion in Texas, and 12 other states, coupled with additional capital.
I may just have to burn some more funds and get some cheapies-----------> to be decided, LOL. He was still optimistic and ready to take on the challenge of growing the business into these other states, so if this happens we could be in for a ride!!!
Good luck to all, hope this makes sense!!!