Condotto | ECXTech

Condotto | ECXTech

Connect Buyers | Empower Sellers

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Security Type
Equity
Categories
Service Businesses
Min Investment
$248
Offering Date
July 30, 2018
Expected Close Date
October 30, 2018
Target Raise
$10.00K-$1.07M
Deal Notes
  • Type of Security Offered: Class B Common Stock
  • Purchase Price of Security Offered: $4.00
  • Minimum Investment Amount (per investor): $248.00
  • Maximum 267,500 shares* of  Class B Common Stock ($1,070,000)
  • Minimum 2,500 shares of Class B Common Stock ($10,000)
Valuation
$11,000,000

Company Description

ECXTECH’s mission is to open an online marketplace for both sellers and buyers using patent-pending distributed ledger technology. We believe the online marketplace is controlled by a small handful of players. And while these platforms have made shopping more convenient, they have also made it difficult for individuals and small business owners to compete online. At ECXTECH we believe there should be an online marketplace that is truly open and fair – a platform where anyone can compete and empower its users to succeed. Our flagship product, Condotto, is that platform. Condotto will connect sellers with buyers directly -- without becoming the middle-man. Condotto, meaning conduit, streamlines the marketplace and is an ideal tool for small and medium-sized businesses, brand influencers, manufacturers and suppliers, i.e., everyone. Condotto is in the early wireframe and UI/UX demo phases. During this stage of development, we are testing various user interface configurations and user flow experiences. Ultimately we believe this will allow us to develop the most streamlined, seamless marketplace for both desktop and mobile users.

Key Deal Facts

Real-time POS global inventory management
Proprietary payment processing module for both traditional payment forms and future proofing for cryptocurrency
A simple and easy API gateway for third-party integration
Increased transaction speeds through simplified, streamlined, highly secure smart contracts
Decreased risk for fraud and enhanced protection against data breaches
A cleaner, more organized user experience

Use of Proceeds

  • Software Development: The software development use of proceeds includes but are not limited to development of Condotto marketplace mobile/desktop application development, development of Global Inventory System Blockchain, development of architectural stack layer communication, IT/network setup/configuration, network security, and ongoing development of company website.
  • Marketing/Business Development: The marketing/business development use of proceeds includes but are not limited to press releases, marketing campaign on high profile news outlets, guerilla marketing, meetings and deals with inventory suppliers, brand ambassadors, and influencer, and social media campaigns.
  • R&D: The R&D use of proceeds includes but are not limited to purchasing different software/tool sets for testing, development time associated with software/toolsets, any outsource related research and development costs.
  • Infrastructure/Equipment: The infrastructure/equipment use of proceeds includes but are not limited to software/toolset fees required for software development, team communication, project management, rent for the companies place of work, onsite bare metal servers, furnishing, workstations, and workspaces for employees, and email & server infrastructure for the company.
  • Regulatory: The regulatory use of proceeds includes but are not limited to future fundraising filing and related fees, trademark office fees, legal counsel fees, patent fees, and financial review fees.
  • Working Capital: The working capital use of proceeds includes but are not limited to unforeseen expenses and day to day expenses. Some of these funds would be allocated to repay the related party debt.

Management Team / Advisory Board Bios

Ryan Cullins
Chief Executive Officer, Secretary and Director
Ryan is an award-winning CEO that has extensive 18-year pedigree managing and building successful companies and establishing corporate strategies. Ryan’s conceptual nature and ambitious attitude to be on the cutting edge of technology push the boundaries of already progressive industries. His decisive personality instills passion within his teams, empowering their personal success. Ryan’s uncanny ability to conceptualize, develop and execute industry changing software earned him NCET’s 2016 CEO of the year award at his former technology company. Mr. Cullins has served as our part time CEO, CFO and Secretary and sole director since March 2018. ( 30 hours a week.) Mr. Cullins has also served full time as CEO of Zero 8 Studios, Inc. (his primary position) since January 2014, where he oversees corporate operations on various high profile technology platforms and assists with market research, product design, sales, marketing, client relations, and technical design.

Tim Berfield
Chief Technology Officer
Tim has more than 20 years of experience building hardware and software systems for both clients and companies he has co-founded. Tim has led many of these companies through start-up and growth modes through the creation of robust infrastructures and management systems. Tim has served as CTO, Network Architect and Software Engineer in a variety of industries, including transactional platform services, custom software development and direct marketing and. His understanding of business and technological systems design encompasses industries such as credit card, ACH and check draft processing, inventory management systems, insurance and IVR systems. Mr. Berfield has served as our part time CTO since March 2018. (Approximately 8 hours a week.) Mr. Berfield's primary role has also served as CTO of ZoomAway, Inc. since February 2015, where he has designed unique inventory systems to manage hotel stays, activities and event ticketing in conjunction with a modular billing platform tied to some of the world’s largest payment processors.

Brian Catudan
Chief Operating Officer and Chief Financial Officer
Brian’s professional career exemplifies a deep understanding of networked systems, distributed ledger technology, software engineering, project management, and corporate operations. At his previous endeavor as Chief Operating Officer, he was able to take his unique combination of technical and interpersonal skills to help establish company culture, vision, growth, and goals. His ambition to bridge the gap between team members and new cutting-edge technologies make him a perfect fit for the role. Mr. Catudan has served as our part time COO since March 2018 ( 30 hours a week.) Mr. Catudan also serves as full time COO of Zero 8 Studios, Inc (his primary position)., since July 2015, where he helped establish and promote corporate culture, growth, processes, and goals.

Deal Notes

  • Type of Security Offered: Class B Common Stock
  • Purchase Price of Security Offered: $4.00
  • Minimum Investment Amount (per investor): $248.00
  • Maximum 267,500 shares* of  Class B Common Stock ($1,070,000)
  • Minimum 2,500 shares of Class B Common Stock ($10,000)
Amount Raised : $34,672
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