1. Last Updated: Oct 12, 2017
Company
URL:
http://www.everhartwearables.com
Founded: April 2017
Employees: 4
Entrepreneur
Edward Everhart
435-764-3834 (Cell)
edeverhart@gmail.com
Round Overview
Funding Stage: series_seed
Capital Raised: $250k
Capital Seeking: $500k
Pre-Money Valuation: $750k
Run Rate: $0
Net Burn: $3k
Team
Edward Everhart Founder
Social
https://www.linkedin.com/in/
edward-everhart-9541a870/
https://twitter.com/
EverhartWear?lang=en
https://www.facebook.com/
everhartwearables/
Everhart Wearables
Lifestyle Farmington, UT, US
"Your Energy, Mood, Skin enhancers transdermally infused directly,
though your skin into your blood stream! In fashionable clothing. Look
Good! Feel Good! "
Company Summary
Everhart Wearables C-Corp. Fast to market technology. "All Natural
Market" Testing prototypes. 1 patent in a permanent article of clothing
for a transdermal refill. Lots of licensing potential. Products will be
Everhart Energy: your energy drink transdermally infused! Patch,
permanent band, compression shorts, yoga pants. With our patented
refill drug delivery system. Everhart Glow:(Skin and Mood.) A high end
cosmetic market. Private label ops.
Executive Summary
Management
Edward Everhart Knows how to get things produced. Real products that
really work. Understands where the buyers are on the internet. And the
what link between working product, and look at "Me" factor. If it looks
medical or bland. They wont come back for the repeat buyer, that every
company needs. Understands team building, and allowing the experts to
do there job. Casie Cluff has her pulse on what is in style. And packaging
that works .
Customer Problem
Right now overdosing with Energy Drinks, Capsule Nutraceuticals, Interior
organs, crash, over consumption of caffeine, destroying kidney's. Are very
much things that can be greatly eliminated. With a better delivery of these
nutraceuticals. Better athletic performance. We can deliver unreal results
in Everhart Energy/ Everhart Glow (Skin/Mood.) If you don't believe, let us
send you some to try. Bringing transdermal main stream.Quick to market!
Product/Services
Bringing natural transdermal products to main stream will be our goal. A real choice, from all the pills and
capsules. A quick way to market with "All Natural" with the advances in small molecule technology.
Transdermal can deliver at much lower dosages with better affects. We bring a brand new patent in our
"Wearable" transdermal refill. Making permanent clothing, and accessories able to be fitted with
transdermal cartridges. Stoping loading up.
Target Market
Our transdermal nutraceuticals go everywhere pills, capsules, natural, energy drinks go. We can go into
cosmetics with our Everhart Glow: a skin and mood boosting wearable band. We can also go into fashion,
easily adapt, with the styles, and trends. Performance sports with our adaptable compression shorts, for
our transdermal refills. Yoga pants easily adaptable for our refill. A very underserved women's energy
market, with style and fun.
2. powered by
Business Model
Profit built in each item we sell. Source directly with China. Energy patch $.80 cost sell $3.50. Glow (high
end like Sephora.) .80 cost sell $6.00. Our precut permanent band for refill transdermal peace, clothing
made in China for our spandex, metallic band. Look to license i.e. patented wearable transdermal system,
yoga pants, compression shorts. To companies like lululemon, Nike, Under Armour, etc. We make
transdermal refill private label.
Customers
Target will be the "Human Energy" i.e. 5 Hour Energy Rockstar etc. Depression "Mood' i.e. feel better oral
supplements i.e. St.Johns Wort/ SAM e/ HTP supplements/ THC CBD and other Cannabis products. A
alternative to marijuana. Private label oral Mood boosters. Skin going after a cosmetic industry oral
supplement, and skin creams. Fashion our products have a patent that allows our products, to be worn in
clothing. Our patches in clothing.
Sales/Marketing Strategy
Internet with Instagram. Instagram bloggers. Instagram models give aways. Product give aways for our
Newsletter. Women are 90% of all purchases online. Women are vastly under served in the "Human
Energy" our Everhart Energy. Are massive buyers of skin and mood products online! Everhart Glow. Get
into a conv. stores go right after 5 Hour Energy, Rockstar etc. License and License some more! We will do
private label refills. Massive push for women!
Competitors
A company called "Level Thrive" ( MLM ) stole our product off Invention Home and is there "All Natural"
transdermal patch. We have filled a Cease and Desist. On Patent infringement. We added a Patent for the
ability to use our transdermal in clothing and accessories. We are a new competition for the entire oral
supplements companies. Energy Drinks Monster/ Rockstar/ Mtn. Dew. etc. Cosmetics in skin care. Athletic
apparel with our patented precut.
Competitive Advantage
We have 2 patents, in this mostly untaped field. 1 in the natural transdermal and the other, in the wearable
transdermal clothing. A first to market outside of a MLM structure. A first to market outside of medical
transdermal. Bringing transdermal main stream, using quick to market "All Natural' transdermal. In fashion
with our ability to quickly pivot, with colors, styles and trends. A PhD doctor and small molecule expert in
our formulations.
Everhart Wearables Annual Financials
2016 2017 2018 2019 2020
Licensing, PO's, Online, 0 0 1200000 24000000 4800000
Revenue$ 0 0 2,000,000 4,000,000 8,000,000
Expenditure$ 100,000 150,000 1,500,000 2,000,000 1,700,000
Profit (Loss)$ -100,000 -150,000 500,000 2,000,000 6,300,000
We are using a previous business, Acne Mop to build out Everhart Wearables.