Scott McKinnon

San Francisco, CA (USA)
Role(s):
Founder/Owner/Principal

AirTool Inc

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Location: San Francisco
Industry: Sports/Recreation
Year Founded: 2007
Number Employees: 1-10 people
Description: AirTool Inc (URL removed) is seeking Seed financing to fund molding/tooling, initial order, and general first year expenses related to bringing the revolutionary AirTool snorkel to market. There is already substantial interest for the AirToolTM in the marketplace. AirTool Inc. has received an offer to license the patents from Speedo and orders from the Sports Basement, and (URL removed) (the World's largest online swim retailer). ----------------------- The device known as the AirTool™ is a snorkel that allows for users to swim or snorkel at any speed with comfort and efficiency never before experienced with a traditional snorkel. The current design is suitable for swimmers of Olympic caliber and is also the ultimate teaching and training device for recreational swimmers. The AirTool™’s unique patented features include an adjustable purging mechanism, “dry mechanisms”, a personalized ergonomic and hydrodynamic fit, waterproof mp3 player and radio, and adjustable “hypoxic pins”, which make the AirTool™ the most significant advancement in swimming over the last decade. “This will change the face of any swim over a 50” (meter or yard sprint event) Victor Wales, Head Men’s and Women’s Swimming Coach, University of Hawaii. The AirTool™ has vast market potential in the Swimming, Triathlon, and Weight Loss Equipment industries. The market for the AirTool™ will be the 111M (million) in the US that swim either competitively or for recreation. The US competitive swimmer market comprises 15.6M participants and is growing at 9%/yr, the affluent Triathlete market is currently 1.3M worldwide and growing quickly, and the US recreational swimming market is 95.3M making it the most popular recreational activity. AirTool Inc is seeking an initial seed round investment in the amount of $500,000 from strategic, private, and/or institutional investors via a private placement offering to fund initial engineering, manufacture, marketing, inventory and personnel costs to successfully launch the product line and related business. AirTool Inc. envisions three investor exit strategies: outright sale, initial public offering (IPO), or Buy-Out. Any exit will only be entertained unless substantial returns are attainable. A demonstration of the AirTool™’s revolutionary functionality can be viewed via (URL removed) or at (URL removed) . A business plan is available upon request.