To view the latest DAMPS press release Click Here
To View the Private Offering Introduction Click Here
To View the Executive Summary Business Plan and Financials Click Here This material has been prepared and is being distributed by B&B Technologies LP to Qualified Investors in furtherance of the purposes set forth in its bylaws. Management has participated in the preparation of this information circular and makes any representations or warranty as to the accuracy or completeness of the information contained herein. This circular is not an offer to sell securities nor a solicitation of an offer to buy securities. If you have any questions please call and/or consult a professional.
As with all forward
looking statements, they are made with the best available information
at the time and are subject to changes due to unforeseen circumstances
and risk.
Please take the
time to fully evaluate any high risk investment opportunity for risk
and investor suitability and/or have a professional legal advisor
work with you. Any questions may be directed to the General
Partner, ceo@damps.com or
call (619) 889-6397.
I. Risk Disclaimer A. DAMPS I Limited Partners have no liability from their investment. B. The General Partner has sole liability. C. As with any investment it is recommend that you examine us fully and/or speak with a professional regarding all investments with risk. D. Management projections are researched and believed to be realistic, within the $ 50 billion worldwide footwear industry. E. All Management Representations herein are believed to be true and accurate and management is solely responsible for their representation. II. General Partner Notes As CEO/General
Partner, DAMPS I offers to the most prudent investment subscribers,
a rare feel, a step into the future of advanced suspension/propulsion
walking footwear technology. It is called DAMPS TM ( Directional
Axial Magnetic Propulsion Systems). Offering subscribers may participate as a Limited Partner or as a second General Partner in the DAMPS I LP Private Offering. III. The $ 1.7 Million DAMPS I LP Offering A. The $ 1.7 million investment funding is to be utilized for licensing/manufacturing of DAMPS Footwear Technology as per the business plan. IV. Valuation A. The DAMPS I LP has been historically investment valued at $ 20 million dollars. This offers 70 current investors a realistic projected return on their very early, very high risk and very visionary investment. We look forward to taking our next steps with an equally visionary subscriber or subscribers, that clearly recognize what we bring to the table and what DAMPS offers to the future. B. With the demonstration of SEMS Smart boot prototypes for USSOCOM and Special Operation Forces (SOF), DAMPS I LP Valuation will be qualified higher. C. The current
subscription offer for $ 1.7 million is three times payback
of the original investment the third year after start up or
$ 5.2 million. $ 1.7 million each year thereafter. In lieu
of payback, the General Partner offers 9% DAMPS I Equity or will
consider some agreed combination of payback and equity. E. Valuation
Substantiations c. Market Share
viability military and commercially, internationally. 1) DC Power
Generation h. Bill Walton i. No Law Suits V. DAMPS I LP a Regulation D Rule 506, No Cap Limited CA Partnership (LP) [ Not to Exceed 35 Non accredited investors ] A. DAMPS I LP
has 70 investors in various classification recorded and does not
exceed the 35 rule investor guideline. A California Partnership. B. With a 506, there is no cap to the amount of money that can be raised which sets allowances for future rounds of private offering funding. C. Blue
Sky Laws D. B&B Technologies LP is the R&D Management Partnership for the DAMPS I LP. E. DAMPS I LP has a 1% minority ownership in B&B Technologies LP F. All R&D is Pledged to DAMPS I LP First right of refusal. G. Jeffrey W. Brown is the sole General Partner for DAMPS I LP and B&B Technologies LP. VI. 100% Equity Breakdown DAMPS I LP A. There is a 100% ownership of DAMPS I LP. Cash equity is the only equity that counts against the GP’s total equity as it relates to any voting issue. B. The General Partner is authorized to write such an offering at this time. C. A Living Will and General Partner Power of Attorney have been recorded. VII. DAMPS I LP Partnership Equity Classifications A. General Partner (GP) Equity B. Cash equity ( including loans ) C. Gift Equity D. Management Equity G. DAMPS I LP Self Liquidating Equity Options H. Supplemental
Equity Available
A. Limited partners, investor revenues earned from the sale of DAMPS technology footwear, on damps.com Full Service Retailing will distributed on an annual basis beginning one year from day of start of manufacturing, or the first profitable quarter as available. B. As a license agreement is capitalized there will be distributions from license income earned as available. C. There will be a one time, capped debt pay down to DAMPS I LP included with the offering. IX. Tax Matters Any elections required to be made in computing profits and losses shall be made by the Managing General Partner. The net profits and net losses shall be allocated to the partners in accordance with their percentage interests. Each prospective investor should consult his, her or its own tax advisor for advice concerning the federal and state consequences to him, her or it of any investment in the partnership. X. International Partnerships International Partnerships will be viewed on a case by case offering basis. XI. IPO Exit Strategy As directed, a later stage IPO may be utilized to spin off ancillary technology markets. XII. The First Step Diligence A. Please carefully review this online document in its entirety as it represents the Online Private Placement Memorandum (PPM). B. To view the
business plan, please download the Non Disclosure Agreement (NDA).
A company officer or qualified subscriber must sign and fax to
858 581-9015. Call (619) 889-6397 first to engage fax. C.
Upon receipt of the signed NDA, the passwords will be provided to
view the business plan and other confidential documentation. D. If there any question please email the General Partner ceo@damps.com or call (619) 889-6397. XIII. Individual Investments in the DAMPS I LP This Offering is for Qualified Investors. "Qualified Investors" are outlined by the SEC to have a specific qualifying net worth over $ 300,000 and/or a reasonable professional or working understanding of the "elements of risk" inherent in any venture. A qualified investor document may be utilized. A DAMPS equity subscriber will receive a one page Equity Registration Sheet, signed by the General Partner and recorded with on the DAMPS I LP master list held by accountancy. Partnership K-1 forms will be sent to record passive partnership investments. Certified or bank checks are to be made Payable to B&B Technologies LP, the managing partnership for the DAMPS I LP. Safe Harbor Statement This online
release includes statements that constitute forward-looking statements
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. This information involves risks
and uncertainties, including, but not limited to, the risk of non-completion
of the DAMPS I LP Private Offering |