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AURALYS USA CORP. is one of our portfolio companies and is an early stage exercise machine design, manufacturing and distribution business. We are currently looking for $1.2 Million in investor financing. The firm will specialize in offering fitness industry providers with specialty cardiovascular and other exercise machines.
The firm:
- holds multiple design and engineering patents specifically regarding its premier cardiovascular fitness machine that is unique in the current market
- has identified, visited and been in preliminary discussions with a Taiwanese fitness equipment manufacturing operation who has evaluated the design and manufacturing requirements and also expressed interest in Asian distribution
- started preliminary discussions regarding celebrity endorsement and involvement with a prominent female fitness / modeling personality
- signed a document of interest for the purchase of the first 10 production units by a premier Fitness Center (belonging to a world recognized Hotel brand)
The initial $1.2 million of investor funding will be used for:
- 42% R&D – Expanded patents & trademarks, productization of designs, manufacturing design expenses
- 39% Overhead – Management, legal, direct sales expenses
- 15% Additional working capital and reserves
- 5% Marketing and sales materials
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