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DAMPS News : As of 5/10/99 All new "Finder Fees" are to be negotiated. This replaces the current offering herein. As of 3/12/98, Ltd. Partnership Investment Equity in the DAMPS I Partnership has revalued based on certain legal market events. After discussions with DAMPS I Management, the prior independent $2.1 million valuation, has now been currently revalued to $20 million. This will affect the current amount of partnership equity to dollar ratio. For example: Minimum investment will remain at $6,250, however, instead of 1/4% (.250%) equity, the investment will now yield (.025%) equity ownership in the DAMPS I Partnership. Sincerely, Jeffrey W. Brown Audio clips from the November 19, 1997 Roger Hedgecock Show on KOGO Radio:
The following article was taken from the April 22nd, 1997 edition of the San Diego Business Journal: "It's an attractive idea, but will it click? That's the questions Jeffrey Brown hopes to answer in the affirmative with his invention: athletic shoes with a magnet-and-springs suspension system. He says the show should be popular with leisure walkers and those whose jobs require them to be on their feed for lengthy periods, such as postal workers. Brown call his technology "Directional Axial Magnetic Propulsion Systems" - D.A.M.P.S. The show springs help absorb the impact, and the magnets provide extra propulsion on the rebound stride, said Brown, general partner and CEO of B&B Technologies,LLP. Each shoe contains two magnets aligned to repel each other.They release the impact energy very efficiently without dissipating it by friction heat, Brown said. Brown said his company is seeking to raise $1.5 million to $5.2 million from venture capitalists to begin manufacturing. He's considering nine locations, all in San Diego County. It's been a long road for Brown, who has been working on the magnetic shoe concept for about seven years. His original design produces a shoe with a bulky, cumbersome heel, because of the suspension system.. His latest version reduces the bulk,while keeping the cushioning and propulsion effect." |
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