Denver & Miami, August 3, 2015 – U.S. Securities and Exchange Commission filings and regulatory disclosure rules and practices are well known to investment banks and publicly listed companies. But Crowdfunding?
Equity crowdfunding is growing in the United States. As the October timeline for the SEC rules on Regulation D, Title III, which open the doors to SMEs raising up to $500,000, gets closer and closer, anyone in equity crowdfunding is going to have to deal with rules and regulations that will ultimately make the equity crowdfunding ecosystem more secure, transparent and attractive to investors. Today, companies using Regulation A and A+, which allow companies to raise up to $20 and $50 million respectively, require SEC filings – and to many, these mandatory rules are something totally new.
The deal between Securex and iCrowdNewswire unites one of the largest full service SEC-registered filing agents with the crowdfunding industry’s leading corporate press release newswire, founded by a seasoned team of senior executives from leading newswires globally. In business since 1999, Securex is currently rated the 7th-most active of the top 250 filing services doing over 5,000 filings annually. iCrowdNewswire currently runs press releases for more than 1,000 campaigns per month and growing – it has become the largest crowdfunding-specific press release newswire in the industry in less than six months of operation.
“Crowdfunding is about disruption, innovation and efficiencies, and we will do the same in providing mandated filing and regulatory services to the industry,” said Hector Botero, iCrowdNewswire founder and CEO. “We realize that our services will have to include a great deal of consultation and advice to an audience that by and large is new to Securities and Exchange Commission regulations. And we intend to do this for pennies on the dollar as compared to other services built on getting huge fees from publicly listed companies.”
The initial set of products includes a package for Regulation D raises that includes the required filings and a large number of press releases, all for the price of a single press release with the industry’s larger competitors. For Regulation A and Regulation A+ filings, which are a lot more complex, we will begin with a no-cost consultation to determine the most efficient process before quoting a price.
“This is the most exciting new development in our industry,” commented Alexander Zervakos of Securex. “Our company has the team, resources and experience to work with Alternative Finance companies, including venture capital, angel investor and crowdfunding-financed startups and SMEs, to help them learn the ropes and comply with U.S. Government regulations,” said Zervakos.
The three products launched today are the tip of the iceberg of the menu planned by Securex and iCrowdNewswire, and always the intent is market-leading products at the most cost-efficient price points made possible by highly efficient state-of-the-art SaaS systems developed for this opportunity. Next on the roadmap is a disclosure press release priced at $175. No overages. No word counts. No charges for multimedia assets. No contracts. No minimums. And no follow-up sales calls. “It’s the crowdfunding spirit,” said Botero.
About Securex Filings
Founded in 1999, Securex is one of the most active full service EDGAR filing agents providing expert document conversion and filing services to publicly traded companies required to file electronically with the U.S. Securities and Exchange Commission. Securex provides a single point of contact for your SEC compliance requirements, streamlining your process to make EDGAR filing easy, affordable and secure. Our system is designed to ensure clients have accurate accountability for all filings. Securex guarantees filings will be completed on schedule, on budget and in compliance with SEC regulations. More at http://www.secfile.com/our-resources/edgar/
Launched in 2015 by a team of senior newswire executives, iCrowdNewswire is specifically focused on Alternative Finance investments from venture capital, angel investors and crowdfunding. More at www.icrowdnewswire.com
Alexander Zervakos [email protected]
Hector Botero [email protected]