SpongeBath

Sponge holder with patented cleaning technology that sanitizes kitchen spongesA New Category in Consumer GoodsSpongeBath is a patented and patent-pending product that solves the “dirty sponge” problem. SpongeBath aims to be a staple on every kitchen countertop with its mission to make homes and businesses cleaner and safer.The Dirty Kitchen Sponge Problem Sponges are the dirtiest item in the home – as much as 200,000 times dirtier than a toilet seat. They harbor bacteria and provide an environment for germs to grow rapidly. The notorious smelly sponge is loaded with dangerous bacteria. Sponges spread germs and cross-contaminate surfaces, contributing to food-borne illnesses.The SpongeBath SolutionSpongeBath is an effective, sleek, and convenient solution to the “dirty smelly sponge” problem. Using our patent-pending Concentrated Cleaning Solution, SpongeBath freshens, cleans, and sanitizes your kitchen sponge while it’s being stored – out of sight and in style. SpongeBath is an elegantly designed product – eco-friendly, convenient, and a welcome addition to any home or business kitchen.Proof of Concept & Sell-ThroughThe Company had a very successful launch of its "first generation" SpongeBath in over 1,025 Bed Bath & Beyond stores across the US, Canada, and Puerto Rico. After two years of research and development, the new and improved SpongeBath is now available for sale from the Company’s website, Amazon Prime, and other online retailers, such as Wayfair and Houzz. Extensible Product Lines Beyond SpongeBath’s cleaning sponge holder, there will be an extensible product line. Our all natural patent-pending cleaning formula is versatile and can be used in a multitude of applications, and will be sold as a safe, fast-acting, odorless, disinfectant spray for residential and commercial use. Additional products and related lines are in development to build out the SpongeBath brand.  

$5,000 Investment - (1) SpongeBath sponge holder + (1) 1-year subscription for cleaning solution
$10,000 Investment – (2) SpongeBath sponge holders + (2) 2-year subscriptions for cleaning solutions + (2) Mounting Brackets
$25,000 Investment - (4) SpongeBath sponge holders + (4) 4-year subscriptions for cleaning solution + (4) Mounting Brackets
$50,000 Investment - (4) SpongeBath sponge holders + (4) 4-year subscriptions for cleaning solution + (4) Mounting Brackets + Quarterly 1-on-1 calls with management to discuss strategy + Invite to dinner with Founder in New York (airfare/hotel not included)

Raised $2.672 Million from Angel Investors including John Penotti (Producer of blockbuster movie "Crazy Rich Asians") and with advisors such as Kevin Harrington (of Shark Tank)
Lifetime revenue of over $850K, selling 40K units and over 67K refills which included a successful launch at Bed Bath & Beyond (unaudited)
New patent-pending cleaning formula has been shown to kill ≥99.9% of bacteria and is expansible beyond our current line
6 issued utility and design patents (with other utility and formula patents pending in the US and worldwide)
Featured in prominent media outlets such as the New York Times, InStyle, Real Simple, House Beautiful, Women's Health, Digital Trends, and featured in the movie "The Other Woman"

Marketing & Advertising: 30% - 35%

Manufacturing/Inventory: 25%

Regulatory & IP: 15%

Professional & Employee: 20%

General & Administrative: 10% - 5%

Matthew Flannery - Founder & CEO
Matthew invented, patented, and developed SpongeBath along with his co-founder Tod Maitland. Prior to founding SpongeBath LLC, Matthew was a professional cameraman and still photographer for over 18 years, with over 55 film and television credits, commercials, music videos, including Emmy nominated shows Sex and the City (entire HBO series and both films) and Showtime’s The Big C, Rounders, Boiler Room, 16 Blocks. He is also the creator of "Moving Portraits," an iPhone app, and the Founder of Visseon Inc., a film equipment rental company. Matthew has a life-long passion for science, technology and design and for creating elegant solutions to solve everyday problems. Matthew has a Bachelors of Fine Arts in Film and Photography from Syracuse University.

Tod Maitland - Founder
A three-time Academy Award-nominated sound mixer who has worked on more than 90 films, including Seabiscuit, I Am Legend, JFK and Tootsie. He also founded New Deal Inc. sound company and co-founded SpongeBath LLC with Matthew Flannery, inventing, patenting and developing SpongeBath. Tod co-founded The Hollywood Edge, one of the world’s largest sound library company with an e-commerce platform.

Conversion Discount: 20%

Interest Rate: 6%

Note Term: 24 months