Flex-Power, Inc. Directors:
Bejan Esmaili – Chief Executive Officer, Secretary and Director, Holds 8,100,000 Shares of Common Stock, Salary: 10,000 per Month
Rasheen Smith – President and Director, Holds 4,500,000 Shares of Common Stock, Salary: 10,000 per Month
Flex-Power, Inc., (sub.) Bejan Esmaili, President, Holds 1,000,000 Convertible Class B Preferred Stock
Share Structure (as of June 11, 2014):
Classes: Common Stock
Classes: Convertible Class B Preferred Stock
Each share of Convertible Class B Preferred Stock may be converted into ten (10) shares of Common Stock
Financials (For the Quarter Ended March 31, 2014):
We had revenues of $22,692 for the period ended March 31, 2014 generated from the sales of our topical
analgesic products. We recognize revenue when persuasive evidence of an arrangement exists, transfer of
title has occurred or services have been rendered, the selling price is fixed or determinable and
collectibility is reasonably assured.
Operating Expenses: $36,588
We had operating expenses of $36,588 for the quarter ended March 31, 2014. Operating expenses
were in connection with our daily operations, including but not limited to, consulting and advising fees,
accounting fees, officer compensation, rent, website development and others.
Both operating costs and expected revenue generation are difficult to predict. There can be no
assurance that revenues will be sufficient to cover future operating costs, and it may be necessary to
continuously raise additional capital to sustain operations.
We expected our operating expenses would significantly increase in 2014 resulting from the
business of designing, manufacturing and distributing our products.
Net losses were $65,489 for the period ended March 31, 2014. The net loss during the period
ended March 31, 2014 was primarily attributable to the amortization of debt discount from the derivative
liability during the period.
Source: http://www.otcmarkets.com/financialReportViewer?symbol=FLXP&id=122423 (Pages 18 - 19)
What is Flex-Power?
Flex-Power, Inc. provides superior performance healthcare products utilizing unique delivery systems. Our products are engineered to enhance the quality of life and satisfy the needs of elite athletes, healthcare professionals, weekend warriors and everyday active individuals.FlexPower Daily Pain Relief Cream is a pre- and post-activity solution that was initially created to help world-class athletes cope with the aches and pains that come with strenuous workout and activity. FlexPower is commonly used BEFORE activity for warm-up and performance, and AFTER activity for recovery from aches and pains of muscles and joints and arthritis.FlexPower was scientifically designed to provide safe and effective relief directly to the source of pain. It is available in a pleasantly scented, light-soap fragrance. As you will read in our testimonials, some of the greatest athletes in the world begin and end their day with FlexPower.Flex-Power products have earned the respect of the sports and medical community, receiving strong endorsement from professional athletes, team athletic trainers and healthcare professionals. Some of the greatest athletes in the world use Flex-Power on a daily basis and many are investors and brand ambassadors. The Company is also proud of its partnerships with organizations that support health-related causes, athletes and fitness including DANSKIN® Triathlon Series, Iron Girl®, National Academy of Sports Medicine, Trek Women Triathlon Series, USA Weightlifting, Women's Premier Soccer League, and ZOOMA Women's Race Series to name a few.
Flex-Power on Facebook: https://www.facebook.com/flexpower
Flex-Power on Twitter: https://twitter.com/FlexPowerRelief