Vizrom

Vizrom

The License Plate Redefined

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Security Type
Equity
Min Investment
$100
Location
Pelham, AL
Offering Date
October 18, 2018
Expected Close Date
January 21, 2019
Target Raise
$10.00K-$107.00K
Deal Notes

Vizrom Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date.  This means you will receive a bonus for any shares you purchase.  For example, if you buy 100 shares of Common Stock at $1 / share, you will receive 10 bonus shares, meaning you'll own 110 shares for $100.   Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Company Description

The CEO of Vizrom had submitted two patent applications with the USPO regarding the electronic license plate. The applications were submitted on his name because at the time of the application, the company had not been formally formed. The utility provisional patent is pending while a decision has not been made on the nonprovisional design patent yet. While the process has not started yet, however, the two patents will be transferred to the company in a later day.If the two patent applications are approved and the transfer of the patents to the company completed, this will greatly increase the viability of the idea and lead to the expansion of the company. Among other benefits, the transfer of the patent ownership to the company will also secure the technology advantage of the company over its competitors.Since license plate is a regulated device, respective states will have to pass a law to authorize the use of electronic license plate in their state. California already has a law in place while other states are in the process of doing so. Since we are based in Birmingham Alabama, we are currently working with the state agencies with regulatory authority over DMV to pass a similar law. To learn more about us, log on to our website.

Use of Proceeds

We are seeking to raise a minimum of $10,000 (target amount) and up to $107,000 (overallotment amount) in this offering through Regulation Crowdfunding. If we are successful in raising our overallotment amount of $107,000, we believe the amount will last us 12 months. If we successfully raise $107,000, we will use $85,000 to pay NRE fee for the design and development of our custom size electronic paper display. The completion of the custom size display will enable us to proceed with the production of our second prototype. We will use the remaining amount for our operation and administration cost respectively.

Management Team / Advisory Board Bios

Emmanuel Umoh
Founder, CEO and Director
Emmanuel is the founder & CEO of the company (8/2018 to present). At Vizrom, he works about 30hours a week as this is his part-time job. He holds two master’s degrees in Criminal Justice and Cyber Security from the University of Alabama at Birmingham. He was born and raised in Nigeria before immigrating to the United States. He is currently employed full time as a Network Analyst with Renasant Bank. Emmanuel has background in Network Security and Open Source Intelligent Investigation. Emmanuel previously worked full time as a Technology Analyst with the University of Alabama at Birmingham from 2015 until the end of 2017. In that capacity, he works with a team of developers to develop several applications on the ServiceNow platform for the University’s reThink project. During his internship as a graduate student, Emmanuel worked as a Cyber Crime Investigator at the Center for Information Assurance and Joint Forensic Research within the University of Alabama at Birmingham. As a Cyber Crime Investigator, he was primarily responsible for conducting Open Source Intelligence Investigation on Social Media. At his current job as a Network Analyst, Emmanuel is charged with managing the day to day activities at his company’s Network Operation Center which he started February of 2018. This is his full-time and primary job. Part of his responsibility under this role involved ensuring that the company’s technology domains are protected from unauthorized intrusion and cyber-attacks.

Deal Notes

Vizrom Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date.  This means you will receive a bonus for any shares you purchase.  For example, if you buy 100 shares of Common Stock at $1 / share, you will receive 10 bonus shares, meaning you'll own 110 shares for $100.   Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Amount Raised : $36,949
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