Herman DeBoard

Colorado Springs, CO (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)

Liquid Spins

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Location: Colorado Springs
Industry: Entertainment
Year Founded: 2010
Number Employees: 1-10 people
Business Stage: Growth (not profitable)
Entity Type: "C" Corporation
Description: PLEASE CONTACT PAUL MYERS, COO FOR MORE INFO - (Phone # removed), (URL removed) Liquid Spins is a development stage digital media company that is moving into the sales and marketing phase of our roll out plan. We have spent over 2 years and 3 million dollars developing the delivery system required to roll out the next great non-traditional music distribution service. In this time, we also secured digital distribution agreements with all major record labels including Sony, Warner, EMI, Universal, RED, Curb and more. As a non-traditional music distributor, our goal is to sell music where music is not being sold. This is accomplished through strategic partnerships with established retail stores, both online and brick and mortar. With development stage complete, and retail stage started, our current contracts are projecting just over $5M in revenue by December 2013. Current contracts include pro sports venues, large technology firms, major bib box stores, popular television channels, and more that equate to more than 100,000 physical retail locations in the US. We are raising $1.6M in Preferred A Shares at $.80/share, with a 12% coupon attached that pays quarterly for 1 year at which point there is a forced conversion to two $.40 common shares per one Preferred share. Our pre money valuation is just over $9M We currently have just over 120 investors and have raised just at $3.5M to date At this point in time, we fully intend to use the funds that we raise for the following purposes: -(a) payment of advance royalties to one or more of the major record labels, -(b) sales, marketing and PR, in store and online, and -(c) working capital. This stage of funding is 100% geared towards marketing of the online store and in-store marketing with our retail partners.