Technology, Consumer Goods & Products, Entertainment
April 29, 2022
Expected Close Date
May 31, 2022
- Number of Employees
- Short Term Debt
- Cost of Goods
- Long Term Debt
- Net Income
AUDEA® is reimagining how people listen to music. AUDEA is a new class of smart speakers and headphones that dramatically simplifies and enhances your music experience by giving you the freedom to instantly and easily play your favorite music with or without your smartphone. Our integrated, user-adjustable 13 band Equalizer (EQ) allows you to adjust the sound quality just how you like it. Our ability to add auxiliary speakers dramatically enhances the rich and immersive audio experience.
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StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
Platinum Early Bird
Invest in first 72 Hours - 25% bonus shares in addition to any other eligible perks
Invest $500 to $999 - Receive a 20% discount on first purchase up to $5,000. Value up to $1,000
Invest $1,000 to $2,499 - Receive a free AUDEA Q1 ($399.00 Retail value) plus receive a 20% discount on first purchase up to $5,000. Value = From $399 up to $1,399
Invest $2,500 to $4,999 - Receive a free AUDEA TRIO 1 ($749.00 Retail value) plus a 25% discount on first purchase up to $5,000. Value = From $749 up to $1,999. 10% Bonus shares.
Invest $5,000 to $9,999 - Receive one free AUDEA TRIO 2 ($1,098.00 Retail value) plus a 30% discount on first purchase up to $10,000. Value = From $1,098 up to $4,098. 10% Bonus shares.
Invest $10,000 to $49,999 - Receive one free AUDEA TRIO 1 and one free AUDEA TRIO 2 ($1,847.00 Retail value) plus a 40% discount on first purchase up to $10,000. Value = From $1,847 up to $5,847. 20% Bonus shares.
Invest $50,000 to $107,000 - Receive two free AUDEA TRIO 1s and two TRIO 2s ($3,694.00 Retail value) plus a 50% discount on first purchase up to $10,000. Value = From $3,694.00 up to $8,694. 20% Bonus shares.
Management Team / Advisory Board Bios
Chief Financial Officer
Lloyd Stewart was an investment banker with Smith Barney in New York and San Francisco, which later merged with Morgan Stanley. He was the founder and Chairman of Stewart-Reiss Laboratories, a medical electronic company (I.V. infusion pumps) in Santa Clara, California, which was later sold to Sterling Medical, a public company. He served as Chief Financial Officer for Thoratec Corporation, a manufacturer of electronic heart devices, which he helped take public. Thoratec had sales of $477 million and a market cap of $2.2 billion in 2014.
• Chief Financial Officer Helped take Thoratec Corp. public. 2014 Market Cap: $2.2 Billion
• Founder, Chairman of Stewart-Reiss Laboratories, sold to Sterling Medical.
• Bachelor’s degree at Stanford University, Palo Alto, CA
• MBA in Finance at the Harvard Business School, Boston, MA.
Senior R&D Engineer Consultant
Tyler Gilbert has had 14 years of hardware, firmware and application design and development experience.
As an engineering consultant Tyler has been the lead designer of both the Streamz smart headphones and the AUDEA smart speaker.
• 14 years of award winning system engineering design
• Founder CTO, Stratify Labs, Inc
• MS Electrical Engineering, Stanford University
• BS Electrical Engineering. United States Air Force Academy
Director Randell Young is the managing general partner of Venture-Net Partners, an investment group which currently includes: Doug Pewitt, the former assistant director of the White House Office of Science and Technology Policy in the Reagan Administration; and Mario Fiori, the former assistant secretary of the Army in the Bush Administration. Mr. Young serves on the board of directors of numerous companies. He has lectured at the graduate level on contemporary issues in venture capital at The University of Phoenix and holds a doctorate in music (D.Mus.) from City University Los Angeles.
• Managing General Partner of Venture-Net Partners
• Early-stage investor and board member of Accuray Incorporated (ARAY)
• Director on board of Thorium Manufactured Reactors; iSparked Studios among other companies
• Doctorate in music (D.Mus.) from City University Los Angeles
Lloyd L. Brown, Director brings a wealth of business knowledge in management, sales, marketing and over 50 years of experience to the Company.
After founding and owning a car business he started Motor Sportsland, an RV dealership in Salt Lake City and spent the next 45 years as its CEO and principal owner building that business into Utah’s top RV dealer.
Mr. Brown is now a retired investor but enjoys sharing his extensive experience in church and business affairs with others, including Audea. as a member of its Board of Directors.
Tim Simonsen brings an enormous wealth of knowledge in business management, sales and marketing to the Company’s Board. Mr. Simonsen is a 37-year veteran of the real estate industry and holds the position of Senior Executive Vice President & Partner at Colliers International.
Mr. Simonsen’s diverse experience encompasses sales, leasing, development, property management and finance. His extensive knowledge of the business is drawn from involvement in thousands of transactions, many of which required creative and innovative strategies.
He was recognized as the number-one producing agent in the world for Coldwell Banker Commercial in 2005, number one top producer in the Western Region and the number-one sales associate for the State of Utah.
Duane Bush brings over 35 years of invaluable experience to the Company including company mergers & acquisitions plus business management. He holds the position of Vice President, Mergers & Acquisitions at Colliers International.
The Company draws from his extensive background selling businesses and as a business owner and operator which gives him valuable insight into the inner workings of small business. His business ownership experience includes specialty sports retail, software and internet technology, national and international sales and distribution of products.
Mr. Bush has successfully managed and closed hundreds of transactions locally, nationally and overseas in the main street and lower middle-market arenas, representing both buyers and sellers.