Suzanne Kang
Santa Fe Springs, CA (USA)
Role(s):
Manager/Supervisor
Phoenix High-tech
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Startup
Location:
Santa Fe Springs
Industry:
Wholesale
Year Founded:
2003
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"C" Corporation
Description:
Our company sells golf-related product "the Swing Glove" with our own brand as a company with production, distribution since 2003.
The Swing Glove is the PCT international patented product in the United States, Korea, China without changing the model once for 7 years until now and continue to sell. Especially the Swing Glove reached 5 million dollars of sales revenue in a year, and the Swing Glove is popular among many golfers as a consumable product. Because of awareness of U.S. market for the product brand recognition as a significant relationship between our brand, we ourselves self-invested for this development such as Hybrid Grip, Phoenix Putter, Swing Analyzing Mats.
The last 2 years, our company faced on severe financial difficulties, we were not able to do normal business. For that reason, we are willing to take out source of investment for launching our products. We currently have market line settled in U.S., also we do have 9 international lines already been settled, and its continuously increased last 7 years. For new launching product will be pushed into our existing line, and it is very well-known brand. The brand awareness is high, because this is not copied product and there is no similarly product like this.
Our product used as a special product with their sights which it correcting the wrong swing position, and it makes easy to learn golf.
We are not a venture company nor a beginning company. When the product launched, we will have fast cash flow.
We shouldn't be blaming and staying in last un-successful 2 years, we think we should newly develop "the Swing Glove" marketing from the time the spring season of next year. For that reason, we are looking for investment. Now, we do not wish for big investment or long-term investment. We want to receive investment about $300,000 with 2 years short term period. We will be paid out for the principal after 2 years of investment period, and we allow our patents of the Swing Glove be notarized as collateral. In the period of $300,000 investment, we will pay you 30% of our company profit for every 3 months.