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A Consumer Technology
Footwear Product Jeffrey W. Brown, General Partner/CEO B&B TECHNOLOGIES LLP: This R&D company has worked nine years resulting in a Patented (#5,502,901) Footwear Technology called "DAMPS". DAMPS -Directional Axial Magnetic Propulsion Systems. Seven, DAMPS Mechanical Prototypes have been developed for demonstrating this exciting new technology. B&B TECHNOLOGIES LLP: The R&D has been "privately financed", (over $675,000) with private equity, via the "DAMPS I Strategic General Partnership Venture". Current "Equity Investments", are as a (pending) California Regulation D Rule 506 Limited Partnership. There are 25 Equity Investors as limited partners to date. PROPOSED EQUITY FUNDING: Stage I, Manufacturing Prototype Development and Testing; $500,000. Stage II, USA Manufacturing Implementation; $1.5 mill. Stage III, Full Management and Marketing Implementation; $3.2 mill. Total $5.2 million. Stage IV, Later Expansion; a $25 million 3 year and a $100 million 5 year funding infusion. These "Funding Steps", detail Prototype development, to full Manufacturing, Management and Marketing/Licensing Implementation, for the Patented DAMPS Technology Footwear, over five years. OUR MARKET: The initial DAMPS Footwear Technology Lines will include Occupational/Work-Athleisure/Walking Lines, for the "vast" American Work Force, who are on their feet all day long. Military "Smart Boots"™, have been requested by Natick R&D Command. We also have "Retailer Letters of Intent to Purchase". ISO 9002 Quality Control Testing, will be with concurrent market trials with the UAW and UPS. A recent study by Reebok, detailed that 85% of all athletic footwear sold is used for non-athletic purposes. What's left - Work & Play and More Work than Play. IMPORTANT: Please note that this "Patented DAMPS Footwear" is "Revolutionary" in it's "Suspension/Propulsion Technology"! THIS IS NOT A TECHNOLOGY MARKETING GIMMICK!!! We challenge you to WALK IN THIS MAGNET AND SPRING TECHNOLOGY, and you will understand what the Future of Footwear Technology is really about. We are making history here! THE DAMPS DIFFERENCE: our feet absorb over 1000 tons of force each day. The DAMPS Footwear Technology Dissipates or Reduces over 90% of the Conventional Dynamic Kinetic Motion Shock and Pressure, Each and Every Step. You can feel it because it's Real and it Works! No "Composite Technology" Can Compare. MANAGEMENT: Management includes Jeffrey W. Brown, the Owner/"Engineering/Marketing Force" behind the Patented DAMPS Footwear and DAMPS Manufacturing Technologies. Also, B&B Technologies LP supplemented, by and over 90 Member Proprietary Strategic Alliance Network, that has been developed by Jeff Brown and B&B, over the course of the last eight years. Management also includes a hand picked, seven member professional team. They are the very finest for their designated roles and they are proprietary to this venture. The management team is laid out in more detail in the business plan. MANAGEMENT TEAM UPDATE: As of 10/25/97, the former Vice President of Manufacturing for Red Wing Shoes is now part of the management team. PROJECTED REVENUES: *Based on the Venture achieving an approximate 1% of the US Domestic Market Share, in Five Years, the DAMPS I Venture will have sales of over $130 Million. Net (Pretax) Revenues of over $45 million, in five years. That means manufacturing and selling 3.3 million pairs of DAMPS Footwear, in five years: 110,000 Units the first year 440,000 the second year , 620,000 the third year, 880,000 year four and 1.2 million in year five. Total 3.3+ Units. "For Comparison", the Reebok "Pump" technology saved the company and sold over six million units in just two years. (1989-1990) THE BOTTOM LINE: We have a Technology that makes the "Pump" feel like a "Pet Rock". There is nothing on the market comparable to the DAMPS™ Footwear Technology. PROJECTIONS: "Projections" are from the 45 year old San Diego Accounting firm of Considine & Considine. The contact person is Tim Considine. CURRENT VALUATION: The Venture's current "Valuation" is based on independent outside review, from a NY Investment Banking Group (June 28, 1996). That "Valuation" is $2.4 million. Other outside professional review have put our "Valuation" at as much as $11 million. It is hard to put a price on the Future of Footwear. THE CURRENT OFFERING: Based on a $2.4 million "valuation", the current offering allows us to initially offer a 20% Equity Share of the DAMPS I Venture Partnership for $500,000. For smaller investors, that breaks down to $6,250 per 1/4% of the Venture. This money will be used to continue Manufacturing Prototypes for Testing and Trials with our Industry Groups. *Our "Valuation" will change substantially after this first manufacturing and testing stage. Note From General Partner Regarding Valuation Change QUALIFIED INVESTING: Make Cashiers Checks Payable to Jeffery W. Brown, B&B Technologies LLP, c/o the DAMPS I Venture Partnership. Your Name and Equity will be recorded by our Partnership, CPA of Record, Kent A. Truckenbrod (310) 640-1901. Our Partnership Attorney of Record is Richard P. Miller (858) 488-9626. Investors will be sent a one page, "Record of Equity" and a one page "Certificate of Partnership Equity". THERE IS RISK!!!: As in Life, there is always Risk. With Investment Risk there also comes the Opportunity for Rewards!!! THE COMPETITION: We do know about Nike and our competition. That is why we are designing and marketing to working people. We have spent considerable time researching the industry. The Impact of Technology within the footwear industry is documented, dramatic and dominant. Our management belief is direct. People will buy a Superior Shoe. Simplistically put, our job is to make it and get it to them. NEW DEVELOPMENT: As of 5/5/97, NASA is now assisting our Technology development, via a "NASA Southeast Region Technology Transfer Agreement". This adds another marketing plus for the ultimate sale of our product. This material has been prepared by the Company described 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 executive summary and makes any representation or warranty as to the accuracy or completeness of the information contained herein. This summary 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. |
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Partnership