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Latitude Solutions LLC

Latitude Solutions LLC

Location
New York
Industry
Consumer Products
Phase
In Business more than 2 years
Company
Single-Owner Corporation/LLC
Author dalefty
Overview
Latitude Solutions LLC is an innovator of workplace accessories.
The Company
Company needs
Looking for financing(Investors)
Business Partners
 
Business Description
<p>Latitude Solutions LLC launched the Wristelite™ project in the summer of 2005. The intent was to introduce a more comfortable wrist rest for computer users. </p>
 
Product or services

Wristelite™: patent pending wrist rest designed to be worn while using the computer. Comes in 2 categories: standard & custom.

 

 

 

 

 

 

 
Preferred Finance Source:
Venture Capital Investors
Angel Investors
Alternative Lenders

Projections

Our annual business plan calls for another five years of accelerated growth. We plan on reaching $3.5 million in annual revenues within five years from the investment allocation. An interested investor can expect a 5% share of company dividends in exchange for $500,000 in investment capital.

Invested so far:

    

Funds required:
$1-$10,000
$250,000-$500,000

Funds has been spent on:

Funds will be spent on:

The money was used to pay for legal assistance, patent applications, and business registration. Additionally, monies were spent on research and development of prototypes, marketing materials, travel and consulting fees.

$500,000 to produce Wristelite. Funding will also help expand to new office space.

EXPENSES:    
Rent    $30,000
Others    $42,200

Marketing  $75,000

Production  $100,000

Payroll    $205,000

Total      $452,200

Management & Marketing
Management Team

Production Manager--Jean Marseille

Sales/Marketing Manager – TBD
Office Manager – TBD

CONSULTANTS
Steven Simonis, Patent Attorney
Barrie Adedeji, Certified Public Accountant


Target Market & Marketing Strategy

PRIMARY MARKET: Home PC users.
SECONDARY MARKET: Business PC users.

Wristelite™ to be marketed on infomercials and Internet. The product website will be updated to e-commerce for wholesalers and other businesses.

 

 

 

Questions & Additional information
Questions & Additional information

See website at www.wristelite.com. You can forward any questions to Jean Marseille at info@wristelite.com.
 

 

 

 
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