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Re: Doubledown22 post# 15103

Thursday, 06/16/2011 11:05:37 AM

Thursday, June 16, 2011 11:05:37 AM

Post# of 94541
"In order to effectively market PhoneGuard and gain meaningful market share, we need to raise substantial working capital. If we are able to raise these funds, we will be able to promote PhoneGuard through a combination of television, Internet and other media. To reach these markets, we expect that we will need to raise approximately $3,000,000 in additional financing. If we are unable to raise the working capital, it is not likely that we will be able to effectively market DriveSafe. "

Straight out of their 10K. They already raised $3.5M, so they are good to go.