What do you guys think of this ? Legit ?
UNITELY - Unitely Events Payments/Mobile TicketingFrom the info :
Founded in 2013 Unitely is an events engagement and payments platform for the night life industry that enables consumers to discover local nightclub events and to purchase admission tickets and bottle service for themselves and their friends using their smartphone. Our team is made up of serial entrepreneurs with experience of launching successful web and mobile businesses. The Nightlife Industry is in the midst of being revolutionized with the advent of technology, social interactions and the industry now realizing they need a solution to succeed. Unitely is already revolutionizing the industry and opening the eyes of promoters, venues and more importantly consumers. Our goal is to bring Unitely to each city worldwide so that we can make going out enjoyable to the consumer and profitable to the promoter. We are a standard Canadian private Corporation with experienced management and regular financial reporting practices. We are big proponents of Bitcoin and other decentralized crypto currencies and are looking to bring Bitcoin payments to the nightlife industry.
Market Traction and Forecast: Our application has been live since October 1, 2013 (download:
https://itunes.apple.com/ca/app/unitely/id655250948?mt=8&uo=4 or visit us on the web at
www.unite.ly) We are currently generating $1.5K per month in sales with 2 live clients in the Waterloo area. We are onboarding 4 more clients in early March and expecting to hit $5K in sales. Based on our sales pipeline we are expecting our revenue growth rate to be over 50% month to month for the next 3-4 months and 10-30% month to month there after.
See our 12 month forecast and dividend schedule here (Last updated: April1, 2014):
https://docs.google.com/spreadsheet/ccc?key=0Ap2RKH07Mk3UdDVmaEhicHQ3d0R5X0c4VTl1anp0UWc&usp=sharingThis document will be updated monthly to reflect actual performance. This is an ultra conservative forecast (see our Sensitivity Analysis). We are confident we can beat our projections and thus provide even a higher return to our investors.
Why is Unitely Raising These Funds? We would like to raise 200BTC to scale our product across Canada and the US and to advance our product by enabling bottle service ordering and offering more payment options such as Paypal, Dwolla, BTC, LTC. The funds will be used as follows: 100BTC – Product development
Bottle service component integration
BTC payment option
Android App
Vendor Dashboard50BTC – Marketing budget to launch our product in Toronto Ontario 50BTC – Sales Team budget
How do we make money? We currently make money by taking a 20% commission on all admission tickets and a 40% commission on VIP tickets that allow you to skip the line at your favorite night clubs. In March, we will be launching our bottle service component that allows us to earn an additional 7.5% on revenue generated by selling bottle service reservations via the Unitely app. Issue Details Unitely will offer 100,000 non-dilutable shares for a price of 0.0020 BTC per share at IPO. This allocation of shares represents 10% of our monthly gross revenue to be paid out as a dividend. Dividends are to be issued weekly on Friday at 18:00 EST. The IPO period will be 60 days after which all unsold IPO shares will be cancelled. No other shares will be issued beyond the IPO period. Dividends We will be paying out weekly dividends on revenue generated in the previous month. For example: In January we have generated $1,313 (USD) in gross revenue and will be paying out a 10% dividend of $131.30 in four installments throughout February. The first dividend payment will be on Feb 14 of 2 installments of $32.83 ($65.66). See our dividends schedule. How will I know if the correct dividends are being paid out? We will provide quarterly audited statements to all shareholders and can make revenue records available upon formal request. Why are we listing on a Crypto Stocks? Although we are not a typical crypto currency company, we have a vision of a future where crypto currencies and decentralized systems play a major role in mobile commerce. We are listing on Cryptostocks because we believe in the Bitcoin economy and would like to contribute to its ongoing growth by investing back into Bitcoin infrastructure. By making a portion of our revenue available to the Cryptostocks community, we are able to offer a low risk opportunity to Bitcoin supporters across the world to take part in our success, without having the overhead of costly private equity issuances and shareholder provisions. Other Funding We are also pursuing more traditional financing options and are raising capital from angel investors and early stage venture capital firms. Why Invest? Nightlife is a $10B market in North America with ticketing and bottle service representing a $3.5B revenue opportunity. 1 Not included in this number is the burgeoning VIP service market. We also see affiliated partnerships like car services (Uber). 1 1IBISWorld Industry Report 72241 Bars & Nightclubs in the US January 2012 (Nima Samadi) We are attacking a relatively untapped market and have proven our business model with a small number of customers. If we reach a national scale in Canada and the US, our business can become very profitable and provide a long term residual income opportunity for early investors. We are going to be a profitable venture funded startup and are willing to provide a significant portion of our top line revenue to our early backers. At this time, 10% is the maximum amount we can justify to our shareholders and we can guarantee that no new shares will ever be issued. Our revenue in 3rd year is forecasted to be $9.7M by the most conservative estimate which means we will be paying out $970K in dividends on only 100,000 shares. That’s a dividend of $97 on a share that opens today at ฿0.0020. You can see our detailed forecast prepared by our CFO here:
https://drive.google.com/file/d/0B52RKH07Mk3Ua2ZWUmpMNzFfVzQ/edit?usp=sharing Investor Presentation: click here to access our deck. (You will need to request access)
For further information contact:
Anton Polski Co-founder and CEO Email:
sales@unitely.ca Linked in:http://www.linkedin.com/in/anton1polski
www.angel.co/unitely www.facebook.com/Unitelywww.twitter.com/unitely Telephone: +1 (877) 212-1332x101
www.unite.ly 
