AquaBoy

AquaBoy

AquaBoy® produces purified drinking water by extracting moisture from the air.

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Security Type
Membership Units
Min Investment
$99
Location
Cooper City, FL
Offering Date
September 11, 2020
Expected Close Date
November 13, 2020
Target Raise
$10.00K-$1.07M
Deal Notes

Price per Unit: $1.00

Valuation
$9,003,104

Company Description

AWS designs, manufactures and sells the global award-winning AquaBoy® air-to-water generator for residential, commercial and industrial use. AWS sells two product lines worldwide: the AquaBoy® Pro II line produces up to 5 gallons of water daily for home and office use, and the AquaBoy® Commercial line produces between 30 and 3,000 gallons of water daily for commercial and industrial purposes.

Our mission is to provide clean, safe water using environmentally sustainable methods and a cost-efficient distribution system.

Key Deal Facts

Makes purified great-tasting water from the air
Helps solve global issues of water quality, water sustainability & availability, water value and the environment
UL Listed
Replaceable filters allow for aftermarket revenue stream
Worldwide distribution and global awards

Use of Proceeds

  • Working Capital
  • Intermediary fees

Management Team / Advisory Board Bios

Doug Marcille
CEO
Doug was CEO of U.S. Gas & Electric, Inc., a major retailer of natural gas and electricity from 2004 through 2014. He led it from startup to over $350 million in annual revenues and $35 million in EBITDA; sold in July 2017 for $173 million.

Reid Goldstein
EVP
Reid was President of Capstone Industries, Inc., from 2007 through 2014. He generated over $50 million in revenue. Reid was also an Entrepreneurial Consultant for Alacer Corp., Beach Brew Beverage, Capstone Industries, Cool Fruits, Inc., and nSpired Natural Foods. Prior to that Reid served as President and founding partner to Flotool/Snapware from 1989 to 1996.

Al Johnston
CFO
Al served as CFO, COO and VP of Finance and Operations for U.S. Gas & Electric.

Deal Notes

Price per Unit: $1.00

Amount Raised : $195,395
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Valuation

Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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