William Sydnes
Bryn Mawr, PA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
RealTime Games
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Startup
Location:
Bryn Mawr
Industry:
Sports/Recreation
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
Sports scoring represents one of the most significant problems encountered by recreational and club members causing great confusion and consternation often with significant disputes resulting. With a total market size exceeding 200M to 300+M potential customers the revenue opportunities are significant for any firm which can solve this problem. Realtime Games is such a firm
Realtime Games Inc.(RTG) is the premier product development and distribution entity for high technology sports scoring. The initial product will be TenniScore™ which provides real-time scoring for tennis players. Utilizing a scoring wristband similar to a watch that communicates with a courtside scoreboard which can be freestanding, hanging, or attached, players keep track of who is serving and what the correct current point, game and set score. A player does not have to know tennis scoring conventions or keep track of whose serve it is as the scoreboard indicates the current status of the game in progress. This will significantly minimize controversy and allow players to concentrate on enjoying playing their best tennis, and enable entry-level players, including kids to enjoy the game. TenniScore™ will be the iPad of the scoring industry.
Initial prototypes have been developed and tested. Feedback from the US Lawn Tennis Association and the World Tennis Federation and numerous players have been outstanding. A manufacturing partner has been identified and has provided an initial cost estimate for the product. We are seeking $10,000,000 in funding for "release to manufacturing" and to put the product into production and begin sales. (Note- units can not be offered for sale until FCC Class B approval of units has been received).
6+ other scoring products are planned with golf being the second in the product line. In addition to scoring products, RTG will offer internet based "traing aids/video's". As these will be primarily "pass trhrogh" the margins are very high. Additionally, sports equipment and apparrel will be offered for sale on the website resulting in an extremely high "Hit Ratios" for internet searches and a one stop sports shopping experience for customers.
The team's executives have an extensive track record in start-ups and in high volume consumer product manufacturing, distribution, and sales.