United States, 0... Preferred Partner "Overview We are a start-up company that has done extensive work to develop in-house high-tech electronics products and corresponding marketing strategies. We have identified an existing business with a patented product that fits well with our business plan. This product is a patented, non-invasive drug detector capable of rapidly and accurately detecting trace samples of illegal drugs with a high degree of accuracy. The owners of this business have agreed to sell their business and product to us. Profits will be re-invested in the company, which will allow us to develop our company into a business that will be doing $25 - $50 million in sales per year within 3-5 years. This goal can be achieved only by combining the assets and plans of Audentes with existing companies that can provide the foundation for future growth. For this reason, we are targeting for take-over companies that are fiscally sound, have good growth prospects, but do not currently have the in-house resources to lift them up to the desired sales range. By bringing the existing companies into Audentes, we will achieve a union of companies that can reach our stated goal. Audentes will bring the extra products and vision needed, while the existing manufacturer will provide the technical capability and financial resources. The marketing company will bring the necessary marketing strengths at a rate much lower than we would have to pay to out-source while providing us with an additional profit center. We will also be looking to import individuals needed to fill critical management positions to assist in the efficient management of the existing facility. Capital Use The funds we are seeking will be used to purchase an existing engineering and manufacturing business, along with an existing marketing business. This will provide us with the capabilities we need to finish development of our in-house products, produce and market all of our products, and have two separate profit centers to support the business while these markets develop. We have identified the electronics engineering and manufacturing business we wish to purchase and have reviewed their financial books while holding preliminary negotiations with the owners and their agent. We have also identified a likely marketing acquisition, but no negotiations have been conducted. The...
Chairman Of The Board