SAN DIEGO, April 26, 2016 (GLOBE NEWSWIRE) -- XY Findables™, known for their flagship product XY Find It, has launched a Regulation A+ equity crowdfunding initiative on StartEngine.com – an investment platform that gives both accredited and non-accredited investors the opportunity to invest in private companies. This initiative is part of the company’s plans to raise capital to strengthen its position in the multi-trillion dollar Internet of Things market with its suite of interactive smart tech products that incorporate a diverse range of technologies from the world of “nearables” and “wearables.” Currently anyone, including customers, fans, and investors of all types over the age of 18 years old can reserve shares in XY Findables. By reserving shares in XY Findables, individuals have an opportunity to own a piece of the company and be a part of further defining the burgeoning findables market.
“We created this company to help our customers use technology in a novel way that impacts their lives on a daily basis,” says Arie Trouw, the CEO, founder, and head of product development of XY Findables. “We’re excited by the fact that for the first time, consumers can act like private investors and get in on the ground floor of ownership of companies creating the products they use every day. We’re one of the first startups with a product already on the market going this route because we believe that inviting our customers and fans to become owners will give us opportunities above and beyond what we’d receive from more traditional modes of fundraising. We’re excited to see what the future holds.”
A serial entrepreneur, Arie Trouw previously founded several companies including Ength Degree and Sambreel, and is one of San Diego’s active angel investors. Trouw has successfully distinguished the company from others in this space by quickly infiltrating the competitive retail landscape. By the end of 2015, with Trouw at the helm, XY Findables achieved retail and online distribution through more than 20 of the world’s largest retailers including Fry's Electronics, Walmart, Target, and Best Buy, and sold over 100,000 units.
XY Findables Provides Unity Across Market Segments
In the past, technology has limited people’s ability to combine Bluetooth, GPS, QR, NFC, and similar technologies together on a single platform to create a unified portfolio of products. This forced the consumers to use individual products limited to specific applications that didn't work together. We are finally reaching the intersection of these diverse technologies, and as integration advances, XY will continue to expand their product offerings.
Similar technologies and products are gaining market share. In 2015, the wearables market was over $15 billion, whereas the nearables market stood just above the $200 million mark. By 2019, CCS Insight estimates that the wearables market will explode, growing to over $25 billion, while the nearables market is expected to surpass $4 billion over the same period. As these markets continue to evolve, XY Findables aims to aggressively define the growing Findables market.
Individuals interested in learning more about XY Findables’ Regulation A+ equity crowdfunding opportunity can visit https://www.startengine.com/startup/xy-findables.
XY Findables is "Testing the Waters" under Regulation A under the Securities Act of 1933. This process allows companies to determine whether there may be interest in an eventual offering of its securities. XY Findables is not under any obligation to make an offering under Regulation A. It may choose to make an offering to some, but not all, of the people who indicate an interest in investing, and that offering might not be made under Regulation A. If XY Findables does go ahead with an offering, it will only be able to make sales after it has filed an offering statement with The Securities and Exchange Commission (SEC) and the SEC has "qualified" the offering statement. The information in that offering statement will be more complete than the information XY Findables is providing now, and could differ in important ways. You must read the documents filed.
No money or other consideration is being solicited, and if sent in response to XY Findables, will not be accepted. No offer to buy the securities of XY Findables can be accepted and no part of the purchase price can be received until the offering statement filed by XY Findables with the SEC has been qualified by the SEC. Any such offer to buy securities may be withdrawn or revoked, without obligation of any kind, at any time before notice of its acceptance is given after the date of qualification. An indication of interest in XY Findables’ offering involves no obligation or commitment of any kind.
This press release may contain forward-looking statements and information relating to, among other things, XY Findables, its business plan and strategy, and its industry. These forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to XY Findables' management. When used in the offering materials, the words "estimate”, "project”, "believe”, “anticipate”, "intend”, "expect" and similar expressions are intended to identify forward-looking statements, which constitute forward-looking statements. The statements reflect management's current views with respect to future events and are subject to risks and uncertainties that could cause XY Findables' actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. XY Findables does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
About XY Findables
XY Findables, a revenue generating smart technology product company, is one of the first private companies to actively Test the Waters with REG A+, allowing the company to promote a potential opportunity through an equity crowdfunding campaign and prospective investors the chance to "reserve shares" before the company qualifies its offering with the SEC. To date, XY Findables has sold over 100,000 units and will be introducing several additions to the 2016 product line, including the XY3, as part of the company’s complete Findables ecosystem. As the company continues to define the intersection between wearables and nearables, XY Findables, through equity crowdfunding, is giving users and fans a bigger voice in the future of Findables. To find out more to go to www.xyfindit.com
Source: XY Findables