Peter Brady
Worcester, MA (USA)
Role(s):
Founder/Owner/Principal
BulkTread, Inc
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Startup
Location:
Worcester
Industry:
Construction
Year Founded:
2006
Number Employees:
1-10 people
Description:
Company with patented technology seeking growth capital in lieu of acquisition by the market leader
BulkTread is negotiating a strategic partnership or acquisition with the largest manufacturer in the industry while pursuing our existing strategy to raise $500 thousand to $1 million in working capital to penetrate the market with our disruptive and patented technology. Our patent is in effect until 2023 and addresses a $300 million national market of over 200,000 homes in 2008.
The fact that the largest manufacturer in our vertical wants to acquire BulkTread validates our position as an industry change agent. In lieu of acquisition, BulkTread opts to leverage the optimal exit price with the combination of a strategic partnership and the raising of additional capital. This growth capital will be used to expand our product lines in order to fulfill national market demand.
BulkTread, Inc. has the patent on pouring emergency egress at the same time as foundation walls. Our flagship product has quickly and completely converted builders and poured wall contractors in regional markets to our patented poured-in-place technology.
BulkTread eliminates the builder’s need to install emergency egress products after the foundation has been poured. Our patented construction process is the most efficient and cost effective way for builders to provide emergency egress to their basements and fulfill International Residential Code requirements.
BulkTread is a virtual company that is primarily outsourced that operates with a low monthly burn rate of $20 thousand as we methodically penetrate local markets with our disruptive technology. Because this patented technology is relatively new in the marketplace, BulkTread has achieved conservative growth despite the residential construction slowdown over the last few years.
BulkTread achieved its first profitable period in Q4 2008, posting a profit of $93 thousand on sales of $332 thousand. For the fiscal year the company lost $90 thousand on sales of $510 thousand. Losses were due to typical startup costs including the development of prototype forming systems. BulkTread projects profitability in 2009.
BulkTread’s founder Peter Brady has over 25 years of experience in growing startups to their inflection point and executing successful exit strategy. If you are interested in more information regarding this investment opportunity please call Peter Brady at (Phone # removed).
Websites:
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