SAN DIEGO, May 12, 2016 (GLOBE NEWSWIRE) -- XY Findables™ today announced they have surpassed $2 Million in indications of interest to invest this week for their recently launched Regulation A+ equity crowdfunding initiative on StartEngine.com – an investment platform that gives both accredited and non-accredited investors the opportunity to invest in private companies. This milestone marks a huge leap forward for the company, who got their start on Kickstarter raising over $200,000 for the first generation of their flagship product, XY Find it. The company’s current equity crowdfunding campaign gives XY’s previous backers the opportunity to own a piece of the company that they helped create, and new customers a chance to own part of a company whose product they use.
“We’re thrilled that the crowd has been responding to our equity campaign,” says Arie Trouw, the CEO, founder, and head of product development of XY Findables. “With our company’s current traction and the positive trajectory of the campaign, having the chance to share our company with our customers as owner-users is extremely gratifying.”
Similar technologies and products are gaining market share. In 2015, the wearables market was over $15 billion, whereas the nearables market stood just above the $200 million mark. By 2019, CCS Insight estimates that the wearables market will explode, growing to over $25 billion, while the nearables market is expected to surpass $4 billion over the same period. As these markets continue to evolve, XY Findables aims to aggressively define the growing Findables market.
Individuals interested in learning more about XY Findables’ Regulation A+ equity crowdfunding opportunity can visit https://www.startengine.com/startup/xy-findables.
SEC Disclaimer
XY Findables is "Testing the Waters" under Regulation A under the Securities Act of 1933. This process allows companies to determine whether there may be interest in an eventual offering of its securities. XY Findables is not under any obligation to make an offering under Regulation A. It may choose to make an offering to some, but not all, of the people who indicate an interest in investing, and that offering might not be made under Regulation A. If XY Findables does go ahead with an offering, it will only be able to make sales after it has filed an offering statement with The Securities and Exchange Commission (SEC) and the SEC has "qualified" the offering statement. The information in that offering statement will be more complete than the information XY Findables is providing now, and could differ in important ways. You must read the documents filed.
No money or other consideration is being solicited, and if sent in response to XY Findables, will not be accepted. No offer to buy the securities of XY Findables can be accepted and no part of the purchase price can be received until the offering statement filed by XY Findables with the SEC has been qualified by the SEC. Any such offer to buy securities may be withdrawn or revoked, without obligation of any kind, at any time before notice of its acceptance is given after the date of qualification. An indication of interest in XY Findables’ offering involves no obligation or commitment of any kind.
Forward-Looking Statements
This press release may contain forward-looking statements and information relating to, among other things, XY Findables, its business plan and strategy, and its industry. These forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to XY Findables' management. When used in the offering materials, the words "estimate”, "project”, "believe”, “anticipate”, "intend”, "expect" and similar expressions are intended to identify forward-looking statements, which constitute forward-looking statements. The statements reflect management's current views with respect to future events and are subject to risks and uncertainties that could cause XY Findables' actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. XY Findables does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
About XY Findables
XY Findables, a revenue generating smart technology product company, is one of the first private companies to actively Test the Waters with REG A+, allowing the company to promote a potential opportunity through an equity crowdfunding campaign and prospective investors the chance to "reserve shares" before the company qualifies its offering with the SEC. To date, XY Findables has sold over 100,000 units and will be introducing several additions to the 2016 product line, including the XY3, as part of the company’s complete Findables ecosystem. As the company continues to define the intersection between wearables and nearables, XY Findables, through equity crowdfunding, is giving users and fans a bigger voice in the future of Findables. To find out more to go to www.xyfindit.com