The client 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.
Brief Description:
Our client 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.
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