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May 24, 2015 10:10 EST

iSWIMBAND: Wearable Drowning Detection Device

iCrowdNewswire - May 24, 2015

iSWIMBAND

Wearable Drowning Detection Device

Brooklyn, NY

iswimband.com

 

  • FUNDING ROUND
  • Status OPEN
  • Target $250,000

The Company previously closed on $850,000 of convertible notes between January through May 2015.

 

  • SUMMARY
  • Team Entrepreneurs w/ exp at T-Mobile, Omnipoint, and Hansens
  • Performance March 2015 LTM Net Revenue: $286K | 2015E: ~$1M
  • Customers Walmart, Target, Best Buy, Sam’s Club, Toys R Us, Amazon, Staples, Verizon

PRODUCTS

iSWIMBAND is wearable sensor that uses Bluetooth Smarts technology to detects a potential drowning and alerts you immediately via your smartphone or tablet. Our patent pending technology starts the alarm once the signal is blocked by water.

Our mission is to prevent drowning and reduce the rate by 50% in 10 years.

Spring 2015 retail partners include: Target, Best Buy, Walmart, Verizon Wireless, Toys R US, Sam’s Club, Brookstone, Amazon, Staples.

Our target rollout for 2015 is to be in 10 Countries

 

TEAM

Paul Chu, CEO

Paul Newcomb, COO  

Stephen Vitrano, Vice President

 

FINANCIALS

  • HIGHLIGHTS
  • RevenueMarch 2015 LTM Net Revenue: $286K | 2015E: ~$1M
  • DistributionRetail and e-commerce distribution

DEAL DETAILS

  • FUNDING ROUND
  • StatusOPEN
  • Target $250,000
  • Raised NEW
  • Round Type Convertible Note
  • Entity Type LLC

 

 

Contact Information:

Paul Chu
Paul Newcomb
Stephen Vitrano

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