Security Biometrics Corporation

Security Biometrics Corporation

Biometric Wallets, Tablets and Purses

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Security Type
Convertible Note
Min Investment
$250
Location
Boston, MA
Offering Date
June 19, 2018
Expected Close Date
September 19, 2018
Target Raise
$10.00K-$107.00K
Deal Notes
  • Convertible Note
  • Note converts to Common Stock when the company raises $1,500,000 in a qualified equity financing
  • Maturity Date: July 1, 2020
  • $5,000,000 Valuation Cap
  • 20% Discount Rate
  • 10% Annual Interest Rate*

Company Description

Security Biometrics Corporation is a product design company headquartered in Boston, Massachusetts. The main goal for the company, and the reason for the formation of the company, is to develop and distribute consumer products aimed at identity protection and financial record protection. The company is researching manufacturing businesses to find a suitable partner to manufacture the first ever product, named the biometric wallet. The company was founded by Mr. Joseph Gangi, whose background in telecom, internet technology, cellular industry, and payment processing have created a strong foundation on which to build the company. The initial market of potential customers includes those between the ages of 18 and 35 who are looking for a safe and effective way to biometrically secure their vital information. Additional markets include young and mid-career professionals earning over $50,000 per year, as well as domestic and international travelers. The marketing strategy of the company includes reaching out to these customers in a variety of ways, such as promotions, social media advertising, and search engine optimization.

Perks

$250-$300 Investment receive a cube purse, key chain tracker
$301-$499 Investment receive $50 gift card towards products
$500-$749 Investment receive $100 gift card towards products
$750-$1,000 Investment receive a free designer Biometric Wallet
$1,001-1,500 Investment receive a free pair of designer Biometric Wallets

Key Deal Facts

Store all of your personal credit cards and bank cards and use one slim card to access them.
Upload and protect all Identification Cards Driver’s License, Government VA cards, ID Cards, Passports and more.
Own your own lifetime stored health records and Doctors access and 911 Emergency
Send money to another person with a couple finger swipes with Bio-Pay
Locate your lost wallet with the ease of GPS tracking
Wi-Fi enabled and 4G Wireless network
Access to special exclusive Biometric Wallet Merchant Mall offers and promotions
Convenient access to all of your personal data and more
Multi-layered Biometric Cloud Security
NO PERSONAL DATA STORED IN THE CLOUD
Comfortably fits in the palm of your hand

Use of Proceeds

First, the proceeds will be used for R&D costs that will assist in the payment for the manufacturing company to build the first working Prototype. With the Prototype developed, the proceeds will be used to pay for marketing with social media professionals that will facilitate the presales of our Biometric Wallet through Kick Starter and Indiegogo, and to contract with Amazon and Apple and various wireless sales centers. Finally, the remainder of the proceeds will be used to pay for day to day operations of the company. 

Management Team / Advisory Board Bios

Joseph Gangi
President / CEO
Over the years, Joseph's professional career has included owning a professional construction and architecture company. then owning a cellular data and telecommunications company "Southwestern Bell Telecom" and most recently sold Retail Card Service a merchant services company. Joseph spent most of his career in the telecommunications industry. In the 1980s, he developed a mode of communications that involved border cities on the Texas border. for international clients. His entrepreneur desires lead to his involvement with the merchant service industry. This would prove to be an omen, as it was here that he would find a key element of his invention, the Biometric Wallet. Research and development took him more than 10 years, and in 2012, he filed his utility patent, which was granted in the summer of 2015. Joseph has exclusively worked on building biometric wallet from 2015 to the present. Today, he has elected to take the invention into production and manufacturing to finally fulfill that heartfelt desire for a safer world.

Jose Luis Vela
Vice Presient
Jose Luis has been a retired private investor with investments in minerals, land & Real Estate and appreciates first to market inventions. Jose Luis is also a retired educator having enjoyed a teaching career for over 20 years. Jose Luis has accepted the position as Vice President of Security Biometrics Corporation. Jose has had no positions with any other companies from 2013 to 2017.

Deal Notes

  • Convertible Note
  • Note converts to Common Stock when the company raises $1,500,000 in a qualified equity financing
  • Maturity Date: July 1, 2020
  • $5,000,000 Valuation Cap
  • 20% Discount Rate
  • 10% Annual Interest Rate*
Amount Raised : $12,000
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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