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ECOFORYOU Corporation
Student Team Members
Farai Musariri, Chief Executive Officer
Cloris Tian, Chief Financial Officer
Elvis Maung, Chief Operation Officer
Olivier Kwizera, IT and Technical Director
Faculty Advisors
Lyle Rupert, Ph.D., CPA
Chair of Department of Business and Economics
(501)450-1237
rupert@hendrix.edu
Mark Sutherland, Ph.D.
Judy and Randy Wilbourn Odyssey Professor of Biology
(501)450-1217
sutherlandmv@hendrix.edu
Contact Details
ecoforyou1@gmail.com
Page 2
Table of Contents
I. Executive Summary......................................................................................................3
II. Company Overview.......................................................................................................4
III. Products and Services....................................................................................................7
IV. Market and Competitive Analysis ...............................................................................8
V. Management Team......................................................................................................12
VI. Operating Strategies....................................................................................................13
VII. Critical Risks................................................................................................................17
VIII. Cash Flow Statement ..................................................................................................18
IX. Income Statement........................................................................................................21
X. Balance Sheet ..............................................................................................................23
XI. Funds Required and Offering....................................................................................27
XII. Appendix........................................................................................................................28
.
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I. Executive Summary
In light of the high production costs associated with 21st
century agriculture in the US, farmers in states such
as Vermont, Minnesota and North Carolina, are adopting waste digestion mechanisms that generate electricity
and use the waste digestion byproduct as fertilizer. These aforementioned technologies are, unfortunately, quite
sparse in Arkansas although the state recorded about 44, 000 agricultural farms as of 2014. Of particular interest
are the nearly one billion chickens (969,800,000) produced in Arkansas in 2014, making Arkansas the third largest
chicken producing state in the nation. These figures are only set to rise in 2016 with the opening of a new chicken
plant operated by PECO in Randolph County in Northeast Arkansas. Current chicken farmers in Randolph County
are forecasted to increase their chicken waste production (over 50, 000 tons this year alone) with no obvious
intentions to dispose this waste in a green manner. These chicken farmers are at risk of lawsuits and reprimands
from environmental and health agencies if they improperly dispose their chicken waste.
Given these circumstances, EcoForYou proposes a fertilizer production and distribution company that
specializes in subjecting chicken manure to bacteria-driven anaerobic for detoxification to generate a high quality
fertilizer that is cheaper and greener than current market options. The detoxification process will generate a surplus
of methane gas which will be recycled to generate enough electricity required to power our biodigesters and the
rest of our facilities. EcoForYou will provide an environmentally friendlychicken waste disposal option for farmers
based in this area of Arkansas Delta while decreasing the potential for pollution from chicken litter in the process.
The potential to acquire chicken waste at little to no cost from chicken farmers; the ability to sell the
environmentally friendly chicken fertilizer at a slightly elevated, yet affordable price in an untapped market of
numerous large scale crop growers in Randolph county; a very progressive management team which includes green
energy engineers and environmental specialists; and a forecasted net income of about US $1.9 million in just the
end of the second fiscal year of operation all make EcoForYou a viable and exciting business prospect.
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II. Company Overview
Vision and Mission
Through continuous innovation on chicken waste utilization, EcoForYou aspires to bring environmentally
friendly agricultural practices to Northeast Arkansas. EcoForYou aims to expand to be the main chicken waste recycler
throughout Arkansas starting with Randolph county by offering three main value propositions: (1)We will produce affordable,
organic, nitrogen-rich and smell-free chicken fertilizers; (2) We will streamline the process by which chicken farmers
get rid of their waste; (3) Crop growers will receive great value for their money in an environmentally friendly manner
when they purchase EcoForYou fertilizer.
History and Background
Arkansas is currently ranked third in the nation in chicken production, producing almost one billion
chickens a year.1
With the opening of the new PECO chicken processing plant in Randolph county in 20162
—the
second one in a 150 mile radius—Arkansas chicken production is only set to rise. At full capacity, the new PECO
plant will process and market 4 million pounds of chickens a year all supplied by contracted farmers in and around
Randolph County. And because it is known that one animal unit of broiler chickens (1000lbs worth) produces an
average of 14.97 tons of chicken waste a year3
, we anticipate that the PECO plant will generate nearly 60, 000
tons of chicken waste a year. PECO nor any other major stakeholder in Randolph County has plans to dispose
the resulting chicken waste in a green manner, exposing the chicken farmers contracted by PECO to the risk of
lawsuits and reprimands from environmental and health agencies if they improperly dispose their chicken waste.4
In the current setup, chicken farmers sell their manure to crop growers gaining very little to no profit due to
transportation and delivery expenses. This opportunity to play the role of a middle man who adds value to chicken
manure before crop-growers use it is what EcoForYou aims to exploit.
The immediate goal is to establish EcoForYou in the Randolph County regional market. EcoForYou has strong
potential for success. Though somewhat cliché, the saying “one’s waste is another’s treasure” stands true for us
1
http://www.nass.usda.gov/Quick_Stats/Ag_Overview/stateOverview.php?state=ARKANSAS
2 http://www.arkansasbusiness.com/article/95505/poultry-plants-nesting-in-northeast-arkansas
3
http://www.sustainabletable.org/906/waste-management
4
http://www.foodsafetynews.com/2012/10/rice-growers-sue-chicken-industry-over-poultry-litter/#.VvCAk-IrLcs
Page 5
thanks to modern green energy technologies. As shown by Fig. 1 below, EcoForYou’s process consists of four steps:
(1) collect chicken waste from chickenfarmerswithina 50 mile radiusofthe county; (2) subjectthe wasteto biological
digestion aided by methanogens (anaerobic bacteria); (3) purify the collected biogas to remove gaseous toxins while
isolating methane which will be used to power a generator that will fuel our operations and provide a potential source
of income within the foreseeable future, and (4) sell and deliver the detoxified solid as organic fertilizer to crop
growers in the region. At maximum capacity—reached in our fourth year of operation—we will have the capacity
to process just over 70,000 tons of chicken litter per year. We anticipate that our bio-digestion process will yield
about 60% processed fertilizer implying that EcoForYou will produce about 42,000 tons of solid organic fertilizer
per year for farmer consumption in2019.
Fig.1 above shows the operational structure that EcoForYou envisions.
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Keys to Success
 Low cost operations: We plan to procure cheap raw materials (manure) in a low cost area to generate a
moderate cost commodity, environmentally friendly fertilizer.
 Progressiveness: Our work is inspired by environmentalist ethos and driven by recent technologies.
This progressive edge will make EcoForYou a very dynamic startup that is able adapt to market and societal
needs.
 Credibility: Because we will have a middle-man type relationship with the farmer community in Randolph
County trust is key to our success. To build this trust we will maintain regular communication with
farmers, allow them the opportunity to tour our facilities to understand our work, and maintain a very
strong presence in the community through our corporate social responsibility.
 Job Creation: We anticipate to create multiple high skill jobs to help keep Arkansas talent in this poor
region.
Legal Forms
EcoForYou will function as an S-Corporation and it will register for a trademark. This S-Corporation will be
created through filing Articles of Incorporation with the Secretary of State with the assistance of Elvis Maung
(EcoForYou COO) and Tom Hardin, a consulting lawyer whose support and advising for EcoForYou is unmerited.
Tom Hardin will be contracted at a fee of $100 per hour of work, and a minimum of 50 hours of legal work is expected.
For more information, the Appendix contains a list of some of the legal forms EcoForYou will need to file.
Corporate Social Responsibility
At EcoForYou we believe that conserving the environment is not only a business imperative for our purposes,
but also a social responsibility. The protection of the environment will remain at the core of all decision-making within
the business. We will be forging strategic partnerships with local authorities and residents associations to ensure a social
presence in our community. EcoForYou is also committed to training and retaining high skilled workers in the Arkansas
delta, as well as investing in antipoverty work in the region.
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III. Products and Services
EcoForYou aims to produce 420,000 pounds of nitrogen fertilizers in the first year alone, assuming that only
40% of the total chicken litter from Randolph County chicken farmers is collected and processed. Given that the
current market price of chicken fertilizer is $43 per pound of nitrogen absorbed by plants, EcoForYou will lower
the selling price for high quality, nitrogen rich fertilizers to just $30/lb. EcoForYou is able to lower this sale price
because its profit margins are high enough due to the fact that we acquire raw chicken manure at little or no cost
outside of transportation costs. Up to 25lbs of free trial samples are available to all interested farmers and a
complimentary soil texture and nutrient quality testing service is provided to all first time fertilizer consumers within
the first year of using EcoForYou fertilizer.
Fertilizer orders are welcome in person, via the phone and/or via the EcoForYou web platform. Free delivery
services are also available to all our customers who request the service and have purchased more than half a ton of
our fertilizers. A similar web based chicken waste collection database will be maintained to ensure fast and efficient
procurement of chicken waste from chicken farmers.
After powering its own operations, EcoForYou also anticipates to produce an excess of at least 1 megawatt
(MW) of electricity which is enough to power about 150 Arkansas homes when operating at full capacity i.e. starting in
its third year of operation. Unfortunately, because the Arkansas Electric Cooperative is not yet big on incentivizing the
generation and use of green energy options in the state, little groundwork exists to encourage the sale of the excess
power we generate. Conversations are underway, however, with the main stakeholders in Randolph County to discuss
the possibilities of selling this excess power to their power grid.
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IV. Market and Competitive Analysis
Because of the high nitrogen, phosphorus and potassium content in chicken waste,5
chicken manure is a
valuable nutrient source for cash crop farming, particularly for corn, rice, forage, and soybean farming—all of which
Arkansas is among top producers of in the country.6
According to the Arkansas Farm Bureau, there are currently
about 510 farms (35 corn farms, 52 rice fields, 58 soybean farms and 365 hay farmers) in Randolph County alone
that demand chicken manure on their fields.7
It is also known that cash crop farming requires about two tons of
manure per acre of land. Because Randolph County currently has about 100,000 acres of farmland8
, one can safely
extrapolate the manure needs in the state to be about 200,000 tons applied in a seasonal fashion—implying a
large market of fertilizer consumption. Also, because most fertilizer application occurs during early spring,
EcoForYou anticipates its biggest sales in the first quarter of each fiscal year.
Specifically, chicken fertilizer supplies crops with a host of essential trace elements (Magnesium, Sulfur,
Iron, Manganese, Zinc, Copper, Boron, Aluminum, and Sodium) as well as the needed macronutrients (Nitrogen,
Potash, Phosphorus, and Calcium). Moreover, the fertilizer amends agricultural soil by adding organic matter to the soil
which betters the soil’s moisture and nutrient retention capacity.9
In addition, it increases the population of crucial
nitrogen-fixing bacteria in the soil which increases the readiness by which plant roots take up nutrients—all very
important mechanisms by which crop growers can ensure that they produce the best quality crops. Chicken manure
especially stands out as a great organic manure for cash crop production as studies show that the NPK—Nitrogen,
Potash, and Potassium—rating of 1.1-0.8-0.5 by far exceeds that of its closest organic manure contenders in quantity,
quality and availability. Specifically, steer, pig and sheep manure, only show NPK ratings of 0.7-0.3-0.4, 0.8-0.7-0.5 and
0.7-0.3-0.9 respectively, besides the fact that all three of them are available in much less supply in Arkansas than chicken
fertilizer.10
In comparison to artificial fertilizers, chicken fertilizer is a more economic source of nutrient additives to the
5
https://edis.ifas.ufl.edu/aa205
6
https://edis.ifas.ufl.edu/aa205
7
http://www.arfb.com/!userfiles/editor/docs/for-consumers/arkagprofile.pdf
8
http://www.arfb.com/!userfiles/editor/docs/for-consumers/arkagprofile.pdf
9
https://edis.ifas.ufl.edu/aa205
10
http://www.grow-it-organically.com/npk-fertilizer.html
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soil, as chicken fertilizer costs roughly half as much –usually less—than artificial fertilizers of comparable nutrient
content.
In addition to providing quality, high value fertilizer, EcoForYou gives the added bonus of smell-free chicken
fertilizer. Our Methanogen aided bio-digestion of the chicken waste at 100 ̊F for 30 days eliminates the bad odor
which makes our product less revolting which opens the possibility of expanding our consumer base to the average
pot gardener especially in winter months when our sales are low.
Currently, crop growers mostly utilize raw chicken waste as a source of manure, but this puts the
environment at risk because of the high phosphorus content of raw chicken waste, as well as the possibility of arsenic
contamination of the chicken waste. Both minerals have the potential to pollute natural water sources and change their
flora and fauna. Using raw chicken waste further endangers both crop growers and chicken handlers because this
particular type of organic dust—dust particles from organic matter—also contains bacterial endotoxins, toxins released
by gram-negative bacteria which are very potent immunostimulants. Our model fortunately eliminates both problems.
Through high temperature denaturation of bacterial endotoxins, we can make the organic dust inert; and by
converting phosphorus and arsenic to other forms which are unavailable for plant and animal uptake, we can
eliminate the environmental hazard. Ultimately, because we significantly reduce the public health risk and potential
environmental risk of handling chicken fertilizer to farmers, our product becomes even more appealing.
Overall, EcoForYou envisions to stand as the main distributor of green chicken fertilizer in Randolph County
and, eventually, the rest of Northeast Arkansas. Its effectiveness and market reach is unparalleled as it proposes to
utilize—not dissolve—the already existing ties between chicken farmers and crop growers. Because chicken farmers
make little to no profit from selling their waste—and paying for delivery—EcoForYou will provide a lucrative chicken
waste disposal service to chicken farmers free of charge. This somewhat unlimited supply of cheap raw materials
which allows us to produce high quality fertilizer and be competitive in the market by selling our products for 30%
less than the market price gives us a competitive edge over existing organic manure sellers in the area or any chicken
farmers who decide to compete with us. Our product is a great brand ambassador that represents our mission to provide
value, show environmental sensitivity and increase farmer productivity.
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Our main challenge, admittedly, will be to initially get our product exposed to the farmers that are in need of
high quality fertilizer. Our aim to hire local marketing professionals who are highly connected to farmers in the region
and the agricultural sector in general, as well as a big investment in extensive in person and intentional advertising
relieve our concerns at realizing profit. Finally, through our initial marketing analysis and projections, we expect to get
at least 40 Chicken farms to sign contracts with us for the direct material and reach as much as 100 crop growing
farmers spanning no less than 60, 000 acres of land in Randolph County in our first year. In the subsequent years, we
expect a steady growth in the numbers of chicken farmers and crop growers reached.
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V. Management Team
A sophisticated team of four professionals has been behind EcoForYou from the beginning: Cloris Tian—an
outstanding accountant currently preparing to graduate in December 2016 with a Bachelor of Arts in Accounting;
Elvis Maung—an astute economics and business major who is set to graduate May 2017; Farai Musariri—a natural
born leader who is set to graduate in May 2016 with a Bachelor of Arts in Biochemistry and Molecular Biology; and
Olivier Kwizera—a canny software developer who is on track to graduate in May 2017 with a Bachelor of Arts in
Mathematics and Computer Science. These highly driven professionals will ensure that strong partnerships are
established within the community for client/farmer mobilization and to build a steady set of relationships for the
procurement, marketing and distribution of the power and fertilizer generated by the chicken litter digesting plant. Their
resumes are available for review in the Appendix, and below is the table describing the roles of the four EcoForYou
executive officers:
Name Position Responsibilities
Farai
Musariri
CEO and Waste
Superintendent
 Develop business strategies
 Oversees the company’s activities
 Supervises waste digester maintenance and upkeep
Cloris Tian CFO  Supervise financial affairs
 Finance and accounting director
 Marketing and sales supervisor
Elvis Maung COO  Human resources management
 Legal representation
 Health and safety regulations upkeep
Olivier
Kwizera
IT and Technical Director  Website operation and online advertising
 Client database management
In addition to the four executive members of the business, there will also be four marketing strategists
working under the COO to make connections with Randolph County farmers to ensure cheap and steady chicken
waste procurement, as well as to build a stable and preferably ever-growing pool of fertilizer consumers. Each
marketing strategist will receive $10/hr base pay and 0.3% sales commission. Also, because of the technical nature
of this start-up, EcoForYou will hire a quality assurance specialist who will ensure that EcoForYou observes EPA
(Environmental Protection Agency) and OSHA (Occupational Safety and Health Administration) stipulations. There
will also be a process engineer who will monitor repair mechanisms and techniques for EcoForYou, as well as make
recommendations to the management team on other methods by which EcoForYou can expand mechanistically
Page 12
and/or become greener. He/she will work with the guidance of a consultant, Brett McDaniel from Conway
Corporation, a systems engineer, whose experience with green waste disposal techniques is invaluable for our
purposes. There will also be hired administrative workers to do office work and, lastly, EcoForYou will also employ
four truck drivers to transport our chicken waste and our processed fertilizer to their respective destinations. Projected
wages of all these workers are shown in the table below.
Personnel Plan 2017 2018 2019
CEO $50,000 $50,000 $52,500
CFO $50,000 $50,000 $52,500
COO $50,000 $50,000 $52,500
IT Manager $46,000 $46,000 $50,000
Consulting Engineer $85,000 $85,000 $89,250
Environmental Engineer &
Quality Assurance Specialist
$71,007 $71,007 $74,557
Process Engineer $71,889 $71,889 $75,483
Marketing Representatives
(4)
$157,814 $194,553 $206,008
Administrative Workers (2) $70,660 $70,660 $74,193
Senior Truck Driver (2) $80,000 $80,000 $84,000
Deliver Truck Driver (2) $70,000 $70,000 $73,500
Total Payroll $802,370 $839,109 $884,492
Page 13
VI. Operating Strategies
EcoForYou is currently setting the groundwork for operations to commence in the second quarter of 2017.
Contact to a small subset of farmers in the region has already been made, and the positive “vibe” with which this
proposal has been accepted is quite exciting. EcoForYou’s plan for operation has been segmented below for
readability.
Price of Initial Setup
 $30,000 for leasing 40 acres of County Regulatory Board assessed land in Randolph County in close
proximity to a city regulated water source . This will be a capital lease and EcoForYou will own it after 20
years of leasing. The land will have a fair value of $300,000 and we will have an annual lease payment of
$15,000.
 Our building structures (fair value = $700, 000) on the site will be leased to own over a 20 year period as
well. We will have an annual lease payment of $30,000, and the building will depreciate in a straight-line
method over a period of 20 years.
 The plant equipment for the waste digestion, fertilizer storage, and power generation will cost about $4
million. We plan to purchase a 3 biodigester and power generation complement and pay about 60% of the
associated costs upon purchase. The rest will be paid in a period of 4 years and it will depreciate in a straight
line method over a 7 years period. Upon expansion in our third year of operation, we will purchase 2 more
biodigesters setups priced at 1.5million.
 Four semi-trucks are going to be leased from XTRA Lease in Little Rock for a down payment of $8,000
and monthly payments of $1,600 each.
 $2 million will then be accounted for workers compensation and all other operational costs until the
business becomes profitable.
 We are paying 15% of our net income to our investors and the rest will be retained earnings for research
and development, and we will expand our business in the third year.
*At maximum capacity—reached in our fourth year of operation—we will have the capacity to process just over
70,000 tons of chicken litter per year. Altogether, this means that we will have 1 biogas digester for contingency and
higher demand traffic.
Page 14
Sales
Our fertilizer will be priced at $30/lb of Nitrogen absorbed by plants. Note that 2 tons of typical chicken
litter contains about 70 pounds of nitrogen that becomes available to plants during the growing season. In the best
case scenario, EcoForYou will make about 2.1 million pounds of Nitrogen from about 60,000 tons of chicken waste
implying a gross income of US$63 million. This fertilizer will be sold exclusively through contracts and our
contracted customers can order in person, over the phone, or online. Consumers can get their quotas booked against
secured financial instruments, and once a quota is booked, EcoForYou guarantees delivery in 3-5 business days. To
ease the payment process, EcoForYou will offer 6 months to pay to crop growers who have good credit.
Sales will spike during the first quarter, just before the growing season, and moderate sales will be expected
throughout the rest of the year because some farmers grown perennials. Our marketing personnel will see the same
shift in their compensation as well. To offset this spike in fertilizer sales—and potential dip in winter months—selling
fertilizer out of state is an option worth exploring. In the first three years all our fertilizers will be sold to farmers
who have contracts with EcoForYou to incentivize the formation of a strong consumer base. In the third year of
operation, EcoForYou will consider the retail market for small scale farmers including garden owners who buy
fertilizers quite sporadically.
Expansion
EcoForYou anticipates 8-12% growth in sales per year because we predict that after at least one year of
operation we will become the major chicken fertilizer distributer in Randolph County. We anticipate to reach about
70% of the farm growers in Randolph County within the first year alone, but we expect to reach close to 90% of them
in succeeding years making expansion an imperative. We will also spend extra $1.5 million to expand within the 3
years of full functionality, as we anticipate to be able to withstand a bigger volume of chicken waste. A key tool in
expanding the customer base is the website, which includes information pages as well as ordering options and states’
socializing abilities.
Research and Development
A team of the CEO, the Environmental Engineer & Quality Assurance Specialist and the Process Engineer
will conduct quarterly reviews of EcoForYou operations for efficiency. They will also conduct feasibility studies
to look for expansion opportunities and other green fertilizer betterment techniques that may apply to our work.
Page 15
Note also, that the four marketing strategists listed in the management team (section V) mentioned previously will
be required to provide periodic updates on statistics that relate to both chicken farmers and crop growers to ensure
that EcoForYou becomes the main chicken fertilizer producer and maintains that competitive edge.
Due care and monitoring will be ensured while storing the products as irregular/unmonitored storage
can lead to caking of the product especially since our product is vulnerable to moisture which will affect both the
quality and quantity of the product that is available for resale.
Projected Milestones
The projected milestone of EcoForYou will be prepared along with the required achievements
from the day EcoForYou starts the new venture throughout the 5 years.
Year Activity Details
2017 Propose the project to the government and private agencies in order to raise capital;
Lease land and Purchase of equipment
Build a reliable supplier and customer base through a publicized opening reception
Recruit workers;
Commence operations in April, 2017
2018 Intense advertising to increase the public awareness of EcoForYou work;
Promote products through advertisements, strong internet visibility, and in person visits.
2019 Improve company reputation and gain more market share;
Purchase additional equipment for expansion in December
2020 Expand chicken supplier network beyond Randolph County, and pursue electricity selling
more closely
2021 Plan for expansion in other states.
Page 16
Acquisition of a Qualified Labor Pool
EcoForYou anticipates to contract the services of three relevant engineers to work plant
management and in the quality control area to overlook plant operations. This is very crucial as the
top executive officers in the business are underqualified for this responsibility. These professionals
will also provide assurance to the customers.
Inventory Management
EcoForYou will calculate yield quantities for the week every Monday. Staff members will log
anticipated yields into a spreadsheet to efficiently manage distribution and ensure viability. This system is useful
in accounting for and accommodating fluctuations in weekly yields to ensure customer satisfaction.
Pay Back Period and Exit Strategy
All the equity investors will be notified that it will take EcoForYou an estimated 7 to 10 years to pay back
on initial investments. In the case that EcoForYou underperforms, and shareholders agree to dissolve its
operations, all assets will be sold off, loans and capital leases paid off and the remains equally shared among
existing shareholders. Note also, that all shareholders reserve the right to sell off their shares to other potential
investors at or after the end of year 4 of operation.
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
2017 2018 2019 2020 2021Net Sales
Operating Expense
Page 17
VII. Critical Risks
The first and foremost risk that EcoForYou faces is associated with getting the company into full
functionality, particularly with regards to erecting the structure needed to process chicken manure and reaching full
operational capacity. The possibility of not receiving the US$1.25 million USDA grant is also a possibility, but in that
case EcoForYou will limit the number of the digester setups to be bought to accommodate this shift in capital. The
fluctuating nature of gas prices is a significant potential obstacle in our operations as well as on our profit margins as
it directly influences our transportation costs—one of our largest operational costs. Unfortunately, countering this risk
will be particularly difficult, but the possibilities of using natural gas or electricity powered vehicles instead of gas or
diesel powered ones are being explored. Second, because EcoForYou is the first chicken litter processing plant in the
county, we will have no competition at the beginning, but competition is expected to rise once profits begin to be
realized. To make full use of our starting advantage, we plan to contract at least 40 farmers to gain exclusive rights to
their waste for a set period of time, potentially 5 years.
Environmental factors, particularly temperature, can also determine how quickly our chicken litter will be
processed; however, we suspect to buffer this hindrance by setting up our biogas digesters underground with only the
gas collector seen above ground level. Last, the risk of intellectual property infringement may occur when EcoForYou
is at a positive earning level. We anticipate that there will be many potential new entrants to imitate our business
model which may affect the image in the industry as a whole. EcoForYou will contract legal services to secure its
intellectual property.
Page 18
VIII. Cash Flow Statements
3/31/2017 6/30/2017 9/30/2017 12/31/2017
Cash Flow from Operating Activities:
Cash Received from Customers: -$ 778,898$ 689,649$ 220,688$
Cash Paid for Operating Expenses (653,760)$ (338,883)$ (304,807)$ (179,570)$
Cash Paid for Interest Expenses (19,250)$ (19,058)$ (18,867)$ (18,678)$
Net Cash Flow from Operating Activities (673,010)$ 420,957$ 365,975$ 22,439$
Cash Flow from Investing Activities:
Cash Paid for Equipment (2,500,000)$ -$ -$ (933,333)$
Purchase of Fixed Assets
(including capital lease payments)
Net Cash Flow from Investing Activities (2,700,000)$ (126,000)$ (126,000)$ (1,059,333)$
Cash Flow from Financing Activities:
Cash Received from Angel Investor 1,500,000$ -$ -$ -$
Issuance of Common Stock 800,000$ -$ -$ -$
Payment of Cash Dividend -$ -$ -$ -$
Cash Received from Bank Loan 1,250,000$ -$ -$ -$
Cash Paid for Principle Payment on Loan -$ -$ -$ (125,000)$
Grant Received from USDA 1,000,000$ -$ -$ -$
Net Cash Flow from Financing Activities 4,550,000$ -$ -$ (125,000)$
Net Increase (Decrease) in Cash 1,176,990$ 294,957$ 239,975$ (1,161,894)$
Beginning Cash Balance -$ 1,176,990$ 1,471,947$ 1,711,922$
Ending Cash Balance 1,176,990$ 1,471,947$ 1,711,922$ 550,029$
(200,000)$ (126,000)$ (126,000)$ (126,000)$
EcoForYou Corporation
Statement of Cash Flow
For Quarter Ended in 2017
Page 19
3/31/2018 6/30/2018 9/30/2018 12/31/2018
Cash Flow from Operating Activities:
Cash Received from Customers: 1,736,911$ 776,501$ 687,527$ 207,786$
Cash Paid for Operating Expenses (313,990)$ (363,064)$ (323,165)$ (185,075)$
Cash Paid for Interest Expenses (18,491)$ (18,307)$ (18,307)$ (18,123)$
Net Cash Flow from Operating Activities 1,404,429$ 395,131$ 346,056$ 4,588$
Cash Flow from Investing Activities:
Cash Paid for Equipment -$ -$ (933,333)$
Purchase of Fixed Assets
(including capital lease payments)
Net Cash Flow from Investing Activities
Cash Flow from Financing Activities:
Cash Received from Angel Investor -$ -$ -$ -$
Issuance of Common Stock -$ -$ -$ -$
Payment of Cash Dividend -$ -$ -$ (289,219)$
Cash Received from Bank Loan -$ -$ -$ -$
Cash Paid for Principle Payment on Loan -$ -$ -$ (125,000)$
Grant Received from USDA -$ -$ -$ -$
Net Cash Flow from Financing Activities -$ -$ -$ (414,219)$
Net Increase (Decrease) in Cash 1,278,429$ 269,131$ 220,056$ (1,468,965)$
Beginning Cash Balance 550,029$ 1,828,458$ 2,097,589$ 2,317,644$
Ending Cash Balance 1,828,458$ 2,097,589$ 2,317,644$ 848,680$
(126,000)$ (126,000)$ (126,000)$ (1,059,333)$
EcoForYou Corporation
Statement of Cash Flow
For Quarter Ended in 2018
Page 20
12/31/2019 12/31/2020 12/31/2021
Cash Flow from Operating Activities:
Cash Received from Customers: 3,715,511$ 5,573,266$ 6,242,058$
Cash Paid for Operating Expenses (1,259,314)$ (1,844,703)$ (2,062,863)$
Cash Paid for Interest Expenses (80,551)$ (136,937)$ (147,891)$
Net Cash Flow from Operating Activities 2,375,646$ 3,591,626$ 4,031,303$
Cash Flow from Investing Activities:
Cash Paid for Equipment (2,433,333)$ (1,783,333)$ (850,000)$
Purchase of Fixed Assets (including capital lease payments) (519,120)$ (934,416)$ (1,055,890)$
Net Cash Flow from Investing Activities (2,952,453)$ (2,717,749)$ (1,905,890)$
Cash Flow from Financing Activities:
Cash Received from Angel Investor -$
Issuance of Common Stock 500,000$ -$ -$
Payment of Cash Dividend (312,447)$ (477,703)$ (536,677)$
Cash Received from Bank Loan -$ -$ -$
Cash Paid for Principle Payment on Loan (125,000)$ (125,000)$ (125,000)$
Grant Received from U.S. Department of Agriculture -$ -$ -$
Net Cash Flow from Financing Activities 62,553$ (602,703)$ (661,677)$
Net Increase (Decrease) in Cash (514,254)$ 271,175$ 1,463,736$
Beginning Cash Balance 848,680$ 334,426$ 605,600$
Ending Cash Balance 334,426$ 605,600$ 2,069,336$
EcoForYou Corporation
Statement of Cash Flow
For Year Ended in 2019, 2020, 2021
Page 21
IX. Income Statements
3/31/2018 6/30/2018 9/30/2018 12/31/2018
Sales
Sales Revenue 3,216,501$ 1,437,965$ 1,273,199$ 384,789$
Less: Sales Discounts 64,330$ 28,759$ 25,464$ 7,696$
Sales Return and Allowances 257,320$ 115,037$ 101,856$ 30,783$
Net Sales 2,894,851$ 1,294,169$ 1,145,879$ 346,310$
Cost of Good Sold 868,455$ 388,251$ 343,764$ 103,893$
Gross Profit 2,026,396$ 905,918$ 802,115$ 242,417$
Operating Expenses
Selling Expenses
Sales Salaries and Commissions 50,396$ 33,589$ 32,032$ 23,636$
Travel and Entertainment 6,480$ 6,800$ 5,006$ 1,406$
Advertising Expense 70,000$ 82,500$ 71,500$ 42,900$
Delivery Salaries and Expense 121,980$ 166,650$ 138,672$ 29,231$
Shipping Supplies and Expense 66,600$ 81,400$ 73,260$ 20,979$
Postage and Stationery 2,484$ 3,229$ 2,745$ 801$
Telephone and Internet Expense 4,992$ 6,600$ 5,280$ 1,483$
Administrative Expenses
Officers' Salaries 105,974$ 105,974$ 105,974$ 105,974$
Office Salaries 17,665$ 17,665$ 17,665$ 17,665$
Legal and Professional Services 23,100$ 33,000$ 24,840$ 19,033$
Utilities Expense 8,250$ 12,375$ 9,900$ 8,910$
Insurance Expense 25,000$ 25,000$ 25,000$ 25,000$
Depreciation of Office Equipment 1,820$ 2,691$ 2,153$ 1,722$
Stationary, Supplies, and Postage 2,076$ 2,883$ 2,306$ 807$
Miscellaneous Office Expenses 16,500$ 24,750$ 22,275$ 8,910$
Total Operating Expenses 523,317$ 605,107$ 538,608$ 308,458$
Income From Operations 1,503,079$ 300,812$ 263,507$ (66,041)$
Other Revenue Expenses and Losses
Interest Expense 18,491$ 18,307$ 18,307$ 18,123$
Net Income 1,484,587$ 282,505$ 245,200$ (84,165)$
EcoForYou Corporation
Income Statement
For Quarter Ended in 2018
Page 22
12/31/2019 12/31/2020 12/31/2019
Sales
Sales Revenue 6,880,575$ 10,320,863$ 11,559,366$
Less: Sales Discounts 137,612$ 206,417$ 231,187$
Sales Return and Allowances 550,446$ 825,669$ 924,749$
Net Sales 6,192,518$ 9,288,776$ 10,403,430$
Cost of Good Sold 1,857,755$ 2,786,633$ 3,121,029$
Gross Profit 4,334,762$ 6,502,143$ 7,282,401$
Operating Expenses
Selling Expenses
Sales Salaries and Commissions 145,021$ 237,532$ 249,236$
Travel and Entertainment 21,662$ 28,160$ 33,793$
Advertising Expense 293,590$ 396,347$ 443,908$
Delivery Salaries and Expense 502,187$ 677,952$ 759,306$
Shipping Supplies and Expense 290,687$ 377,893$ 419,461$
Postage and Stationery 10,370$ 14,517$ 16,114$
Telephone and Internet Expense 21,108$ 29,552$ 32,803$
Administrative Expenses
Officers' Salaries 446,791$ 714,866$ 822,095$
Office Salaries 74,193$ 118,709$ 136,515$
Legal and Professional Services 107,971$ 172,753$ 193,483$
Utilities Expense 42,590$ 68,144$ 74,958$
Insurance Expense 110,000$ 176,000$ 190,080$
Depreciation of Office Equipment 10,064$ 16,103$ 17,713$
Stationary, Supplies, and Postage 8,799$ 14,079$ 15,487$
Miscellaneous Office Expenses 86,198$ 137,916$ 151,708$
Total Operating Expenses 2,171,231$ 3,180,523$ 3,556,661$
Income FromOperations 2,163,532$ 3,321,621$ 3,725,740$
Other Revenue Expenses and Losses
Interest Expense 80,551$ 136,937$ 147,891$
Net Income 2,082,981$ 3,184,684$ 3,577,848$
EcoForYou Corporation
Income Statement
For Year Ended in 2019, 2020, 2021
Page 23
X. Balance Sheet
Assets
Current Assets
Cash 550,029$
Investments (available-for-sale) -$
Accounts Receivable 866,274$
Less: Allowance for Doubtful Accounts 86,627$ 779,647$
Notes Receivable 288,758$
Inventories-at average-cost 649,706$
Supplies on hand 78,451$
Prepaid Expenses 1,021,106$
Total Current Assets 3,367,697$
Property, Plant, and Equipment
Capital Leased Land-Market Price 300,000$
Capital Leased Building-Market Price 700,000$
Less: Accumulated Deprciation 35,000$ 665,000$
Equipment-at Cost 5,000,000$
Less: Accumulated Deprciation 714,286$ 4,285,714$
Total Property, Plant, and Equipment 5,250,714$
Grant Receivable fromU.S. Department of Agriculture 1,000,000$
Intangible Assets - Trademark 8,000$
Total Assets 9,626,411$
Liabilities and Stockholder's Equity
Current Liabilities
Notes Payable to Banks and Capital Lease Obligations 335,000$
Accounts Payable 4,219,701$
Accrued Interest on Notes Payable 75,853$
Accrued Salaries, Wages, and Other Liabilities 84,779$
Uneared Revenues 868,455$
Total Current Liailities 5,583,788$
Long-termLiabilities
Notes Payable to Banks 1,125,000$
Notes Payable to Equipment 1,570,000$
Leased Liability for Land, Building and Truck 1,266,000$
Total Liabilities 9,544,788$
Stockholders' Equity
Common Stock - $1 par value, 500,000 shares Authorized; 50,000$
Issued and Outstanding, 50,000 Shares /31,250 shares
Additional paid-in capital 750,000$
Retained Earnings (718,377)$
Total Stockholders' Equity 81,623$
Total Liabilities and Stockholder's Equity 9,626,411$
EcoForYou Corporation
Balance Sheet
For Year Ended in 2017
Page 24
Assets
Current Assets
Cash 848,680$
Investments (available-for-sale) -$
Accounts Receivable 3,156,227$
Less: Allowance for Doubtful Accounts 315,623$ 2,840,604$
Notes Receivable 631,245$
Inventories-at average-cost 1,136,242$
Supplies on hand 84,727$
Prepaid Expenses 859,588$
Total Current Assets 6,401,087$
Property, Plant, and Equipment
Capital Leased Land-Market Price 312,000$
Capital Leased Building-Market Price 714,000$
Less: Accumulated Deprciation 71,400$ 642,600$
Equipment-at Cost 5,000,000$
Less: Accumulated Deprciation 1,428,571$ 3,571,429$
Total Property, Plant, and Equipment 4,526,029$
Grant Receivable from U.S. Department of Agriculture -$
Intangible Assets - Trademark 9,600$
Total Assets 10,936,715$
Liabilities and Stockholder's Equity
Current Liabilities
Notes Payable to Banks and Capital Lease Obligations 267,800$
Accounts Payable 4,671,108$
Accrued Interest on Notes Payable 73,228$
Accrued Salaries, Wages, and Other Liabilities 84,779$
Uneared Revenues 937,932$
Total Current Liailities 6,034,847$
Long-term Liabilities
Notes Payable to Banks 1,000,000$
Notes Payable to Equipment 640,000$
Leased Liability for Land, Building and Truck 822,960$
Total Liabilities 8,497,807$
Stockholders' Equity
Common Stock - $1 par value, 500,000 shares Authorized; 50,000$
Issued and Outstanding, 50,000 Shares
Additional paid-in capital 750,000$
Retained Earnings 1,638,909$
Total Stockholders' Equity 2,438,909$
Total Liabilities and Stockholder's Equity 10,936,715$
EcoForYou Corporation
Balance Sheet
For Year Ended in 2018
Page 25
Assets
Current Assets
Cash 334,426$
Investments (available-for-sale) -$
Accounts Receivable 3,233,870$
Less: Allowance for Doubtful Accounts 323,387$ 2,910,483$
Notes Receivable 757,495$
Inventories-at average-cost 1,238,504$
Supplies on hand 93,200$
Prepaid Expenses 959,880$
Total Current Assets 6,293,987$
Property, Plant, and Equipment
Capital Leased Land-Market Price 324,480$
Capital Leased Building-Market Price 1,213,800$
Less: Accumulated Deprciation 142,800$ 1,071,000$
Equipment-at Cost 9,000,000$
Less: Accumulated Deprciation 2,142,857$ 6,857,143$
Total Property, Plant, and Equipment 8,252,623$
Grant Receivable from U.S. Department of Agriculture
Intangible Assets - Trademark 10,560$
Total Assets 14,557,170$
Liabilities and Stockholder's Equity
Current Liabilities
Notes Payable to Banks and Capital Lease Obligations 489,140$
Accounts Payable 5,160,227$
Accrued Interest on Notes Payable 80,551$
Accrued Salaries, Wages, and Other Liabilities 93,257$
Uneared Revenues 1,031,725$
Total Current Liailities 6,854,900$
Long-term Liabilities
Notes Payable to Banks 875,000$
Notes Payable to Equipment 2,440,000$
Leased Liability for Land, Building and Truck 1,316,736$
Total Liabilities 11,486,636$
Stockholders' Equity
Common Stock - $1 par value, 500,000 shares Authorized; 81,250$
Issued and Outstanding, 81,250 Shares
Additional paid-in capital 1,218,750$
Retained Earnings 1,770,534$
Total Stockholders' Equity 3,070,534$
Total Liabilities and Stockholder's Equity 14,557,170$
EcoForYou Corporation
Balance Sheet
For Year Ended in 2019
Page 26
Assets
Current Assets
Cash 605,600$
Investments (available-for-sale) 250,000$
Accounts Receivable 4,644,388$
Less: Allowance for Doubtful Accounts 464,439$ 4,179,949$
Notes Receivable 1,857,755$
Inventories-at average-cost 1,671,980$
Supplies on hand 153,780$
Prepaid Expenses 1,487,827$
Total Current Assets 10,206,891$
Property, Plant, and Equipment
Capital Leased Land-Market Price 336,486$
Capital Leased Building-Market Price 1,310,904$
Less: Accumulated Deprciation 185,640$ 1,125,264$
Equipment-at Cost 9,000,000$
Less: Accumulated Deprciation 3,428,571$ 5,571,429$
Total Property, Plant, and Equipment 7,033,178$
Grant Receivable from U.S. Department of Agriculture -$
Intangible Assets - Trademark 15,840$
Total Assets 17,255,910$
Liabilities and Stockholder's Equity
Current Liabilities
Notes Payable to Banks and Capital Lease Obligations 528,271$
Accounts Payable 7,890,035$
Accrued Interest on Notes Payable 136,937$
Accrued Salaries, Wages, and Other Liabilities 167,863$
Uneared Revenues 1,650,760$
Total Current Liailities 10,373,866$
Long-term Liabilities
Notes Payable to Banks 750,000$
Notes Payable to Equipment 940,000$
Leased Liability for Land, Building and Truck 1,185,062$
Total Liabilities 13,248,928$
Stockholders' Equity
Common Stock - $1 par value, 500,000 shares Authorized; 81,250$
Issued and Outstanding, 81,250 Shares
Additional paid-in capital 1,218,750$
Retained Earnings 2,706,982$
Total Stockholders' Equity 4,006,982$
Total Liabilities and Stockholder's Equity 17,255,910$
EcoForYou Corporation
Balance Sheet
For Year Ended in 2020
Page 27
XI. Funds Required & Offering
EcoForYou will require a cash inflow of $6.3 million to properly develop, operate, and maintain its biogas
digester facility. Angel investors inject the needed $1.5 million which will be received as a loan at an interest rate of 3.6%
per year which will also serve as surety for the grant of $1million from the US Department of Agriculture and the
investor will be compensated with 20% dividends on our net income. We will also borrow 1.25 million from the bank at
an interest of 3.85% per year, and we will authorize 500,000 shares of common stock at a par value of $1 each. We will
issue 50,000 of these shares to our management team and their family and friends at a price of $16 per share in the first
quarter of 2017. In 2019 we will issue 31250 shares of common stock to the friends of members of the management
team at $16 per share. We will pay 15% common stock dividends to our common share stock holders.
Management Equity
The current management of the company retains 100% ownership interest.
Board of Directors Composition
The board of directors will be comprised as follows:
 Investors (3 seats)
 Principals (3 seats)
 Independent Chairperson (1 seat)
Investor Divestiture
The management will allow the investor to sell his or her equity interest in the firm after Year 4 either to a
third party (subject to management approval) or back to management.
Page 28
XII. Appendix
1. Image of a biogas digester/power generation setup as is currently sold by manufacturers.
2. EcoForYou Website Prototype:
3. Required Legal Work:
 Legal Consultation needed:
1. For Incorporation filing
2. Investment lawyers (Investments, loans, interest and intermediaries) to raise our initial capital
 Special Permits needed:
1. Animal Waste Storage Structure Construction Notification
2. Construction Activity Approvals
3. Industrial Wastewater Discharge Permit
4. Organic Certification
5. Sewage Sludge Utilization Permit
6. Water Appropriation and Use Permit
4. USDA Grant Information: http://programs.dsireusa.org/system/program/detail/917
Cloris (Feixue) Tian
Hendrix Box 4377, 1600 Washington Ave, Conway AR 72032
573-559-4990 tianff@hendrix.edu
Education________________ ____ _________________________________________________________
Hendrix College 2013.9-2016.5
B.A: Accounting GPA: 3.90
Honors and Awards_________ ____ ________________________________________________________
 2015 Governor’s Cup Semifinalist
 First Place in the Hendrix College Center for Entrepreneurial Studies Business Plan Competition
 First Place in Business Principles from Phi Beta Lambda of Arkansas
Professional and Social Experience____ ____________________________________________________
New York Life & Anyhealth Insurance Corporation May, 13th
– August 13th
, 2015
Summer Intern Irvine, CA, U.S.A.
 Obtained information from insured persons through phone calls to claim with insurance carrier more efficiently;
 Collaborated with colleagues at CPA firms to assist over 100 new immigrants per month with their tax return and
tax consulting;
 Assisted the accountant on monthly payroll and journal entry at Anyhealthinsurance Corporation;
 Updated existing policies and company records to reflect changes requested by policyholders and insurance
company representatives;
 Served as proposal writer to research, write and organize a Chinese Herbal Hospital and a Chinese Radio Station
proposal for investors and recognized by investors to launch the plans in 2016.
Hendrix College February, 2014 – present
Concession Stand Worker Conway, AR, U.S.A.
 Managed all customer traffic and cash register operations;
 Provided product introduction to customers with persuasive selling techniques;
 Responsible for inventory arrangement and verification;
 Ensured regular stocking of all supplies and food materials.
Xinyang Railway Station May, 2nd
– August 10th
, 2013
Volunteer Xinyang, Henan, China
 Served as an accountant to record and manage over 10,000 dollars per day from online selling system;
 Provided consultation to people from different regions of China in order to help them deal with some emergencies.
Leadership Experience___________ ____ ______________________________________ ___________
Asian Cultural Club January 2014 – May, 2015
President
 Developed annual plan for the club to forecast the budget correctly with over 2500 dollars per year;
 Initiated, planned and carried out educational seminars, festival celebrations, film showings and some other
activities to inculcate awareness and understanding of Asian Culture at the campus;
 Responsible for comprehensive management of the club such as personnel arrangements and budget control;
 Wrote culture-related essays and posters to promote Asian Culture around the campus.
Phi Beta Lambda May 2014 – Jan 2016
Treasurer
 Maintained financial records and analyzed related data in a monthly basis;
 Organized fund-raising activities and raised more than 200 dollars within a month ;
 Purchased necessary items for office supplies, and recorded and analyzed monthly purchasing to control the cost.
Additional Information_ _ ___________________________________________________________ ________
 Proficiency in Microsoft Office (Excel, Word, Powerpoint, Outlook, Access), SPSS, Python, etc.
 Strong skills in communications and the ability to deliver high quality results, complimented by an easy adaptability
for new projects and environments
 Proficiency in English and Chinese
 Member athlete at Hendrix College Women Golf Team
 U.S. Permanent Resident, eligible to work without the sponsorship for H1B
Kyaw Kyaw Win Maung@ Elvis Maung
1600 Washington Avenue Phone: +(1)501 470 8862
Conway, Arkansas, 72032 Email: koelvis@gmail.com
Education:
Hendrix College (B.A.) 2013- present
Majoring in Economics and Business; Minoring in International Relation: Junior
Educational supplement:
 Yangon Model United Nations Conference, 2011 (American Center, Yangon)
 Social Science and Burmese Studies, 2011 (UMFCCI, Yangon)
 Winter Root Seeking Camp in China, 2011 (Qindao University, China)
 Youth Camp for Asia's Future in South Korea, 2012 (Hankuk University of Foreign Studies, Korea)
 ASEAN Regional Forum (Chulalorngon University, Bangkok, Thailand)
 Political art workshop at International Student Festival in Trondheim, 2013 (ISFiT Foundation)
 Fulbright Program Scholar 2013(Southern Illinois University)
 Studies of United States Institutes (Paul Simons Public Policy Institute)
Awards:
 All Distinctions award in Myanmar National Matriculation Examination, 2009
 Carl Jung Psychology Leadership Award, 2011 (American Center)
 Outstanding participant award at Yangon Model United Nations Conference, 2011
 Best Officer Award, Yangon American Center’s Psychology Club, 2011
 Winner of 3rd
and 4th
Annual Essay Book Prize at American Center, Yangon 2011
 ASEAN Leadership Award ( ASEAN Youth Forum)
 Odyssey Distinction Award for Community Development Initiative
 Miller Center Service Fellowship
 Hendrix College Murphy House Scholar
Community Development projects:
 Giri Cyclone disaster relief project (Raised USD 8,00)
 Thar lay Earthquake child psychological development fund-raising projects (Raised USD 12,000)
 Back to School Aids for students in rural villages of Chaung Wa Township, 2011 (Raised USD 5,000)
 Youth Leadership Program: provide basic health and hygiene knowledge to monastic students
 Miller Center Fellowship Grant (USD 3700 grant for community engagement project in Burma 2015)
Work Experiences
Youth Engagement Initiatives
 American Center Student Council Elected Executive member
 Yangon Model United Nations Chair(2011), delegation ambassador(2012), faculty advisor(2013)
 American Center Psychology Club Co-founder and former president
 American Center Discussion Club President and debate trainer
 Peer Educator Program Tutor and test preparation consultant
 Youth Leadership Association Projects coordinator
Hendrix College: Committee on Engaged Learnings
 Board member: overseeing engaged learning projects and academic curriculum of Hendrix college
Tzu Chi Foundation
 Guided international clients in visiting field sites of ongoing projects such as educational development,
disaster relief and poverty relief.
 Did detailed reporting projects’ progress and edited news for Tzu Chi’s Da Ai International News
Farai Musariri
1600 Washington Ave, Conway AR 72032
fmusariri@usapglobal.org, (+1) 501-205-9306
EDUCATION: Hendrix College, Conway, AR
Major: Biochemistry and Molecular Biology Cumulative GPA: 3.83
Expected Graduation Date: May 2016
HONORS and AWARDS
 Bennet Essay Contest on Business Ethics: 2015 Prize Winner
 SOAR High Flyer: 2014 Award Winner (peer mentoring program)
 Dean’s List, Tri Beta (Biology Honor Society)
 Hendrix International Scholar (Academic Scholarship)
PROFESSIONAL EXPERIENCE
Natural Science Research Assistant, Hendrix College June 2013 to present
 Synthetic organic chemistry research and assaying the products for antibacterial activity (August 2014 to present), and
microbial diversity research to monitor the recovery of a restored creek in Conway, AR (Summer 2013)
 Refined lab techniques to make the experiments as green as possible, as well as to develop laboratory protocols for use in
undergraduate organic chemistry and cell biology labs, respectively.
 Presented organic chemistry research findings at the 249th
National American Chemical Society meeting in Denver, CO,
and microbiology research findings were presented at a Southern and Central Arkansas Biochemical Research Symposium
in Little Rock, AR.
Student Alternative Outreach Services (SOAR), Hendrix College August 2013 to present
 Drafted and defended the organization’s budget as team treasurer (August 2013 to May 2015)
 Current team leader: program administration e.g. mentor/mentee assigning, database updating and upkeep, mentor
recruitment and training, etc.
 Peer mentoring and development of a positive social environment to link the community, faculty and alienated students.
 Developed, marketed and led alternative programs to cater for students not interested in the party scene or to support causes
supported by the Dean of Students’ office, e.g. in February and March of 2014 we raised $12 000 to help a deaf Hendrix
student have a cochlear implant surgical procedure.
Grants and Projects Intern, Island Hospice& Healthcare Harare, Zimbabwe May to August 2015
 Prospect research, grant proposal writing and fund raising to increase the organization’s unrestricted financial resources.
 Conducted extensive literature reviews and compiled a research paper to assess the country’s needs with regards to handling
Multi Drug Resistant Tuberculosis.
 Drafted partnership bids directed at corporate Zimbabwe, then organized and was an active participant in these meetings.
 Drafted subcommittee terms of reference for presentation to the board of directors by the executive director
 Attended networking and entrepreneurial conferences facilitated by the US. Embassy in Harare, Zimbabwe.
ARK Intern, ECSM (Episcopal Community Services of Maryland) Baltimore, MD June to August 2014
 Helped with the completion of child health evaluations, as well as socio-academic skills analyses for new students.
 Collected data and updated the organization’s client database for use in grant applications.
 Attended and presented urban-homelessness research findings at two national conferences on poverty studies through the
Shepherd Higher Education Consortium on Poverty (SHECP).
 Researched and updated a resource directory for use when referring homeless persons to anti-poverty service providers like
free clinics, or job training programs.
 Collaborated with HealthCare for the Homeless, a non-governmental organization, in advocating for comprehensive and
accessible medical and dental care for the homeless, particularly children.
LEADERSHIP ROLES, Hendrix College
 Resident Assistant (August 2013 to May 2015), Head Resident Assistant (August 2015 to May 2016)
 Ngoma Africa Students Association: Vice President (March 2014-present)
 College Conduct Council: Student Representative (Aug 2014 to May 2015)
 Committee on International & Intercultural Studies: Student Representative (Aug 2014 to May 2015)
 International Club: Events Coordinator (August 2012 to May 2014)
SKILLS
Technical: Microsoft Office, SPSS, Mathematica, Social Media
Languages: Shona and Ndebele (native speaker), English (professional), Chinese (elementary)
Olivier Kwizera
1600 Washington Ave, Conway AR 72032
kwizoliv010@gmail.com, (+1) 501-766-4945
EDUCATION: Hendrix College, Conway, AR
Cumulative GPA: 3.90 Major GPA: 4.0
Majors: Bachelors of Arts, Computer Science/ Mathematics, B. A
Expected Graduation: May 2017
Relevant Coursework: Data Structures and Object Oriented Development, Scalable Software Design and Development, Databas-
es and Web Systems, Algorithms and Problem Solving Paradigms, Mathematical Models, and Computer Systems Organization.
HONORS and AWARDS
• Rwandan Presidential Scholar ’13 : A four-year full tuition undergraduate scholarship offered by Hendrix College in col-
laboration with the Government of Rwanda.
• McHenry-Lane Mathematics Award ’14 : “Offered to the freshman with the highest achievement in the calculus
sequence.”
• The Hardin Hall Outstanding Citizen Award’ 15: “Presented to the resident of Hardin Hall who, in the estimation of his
peers, has done the most for his hall and fellow residents and has best exemplified the standards and ideals of Hendrix
College.”
• Residence Life Rookie of The Year Award’ 15: “Presented to the standout Resident Assistant (RA) of the apartment com-
munity who volunteered more than his or her fair share work in improving the community.”
PROFESSIONAL EXPERIENCE
IT Services Student worker, Hendrix College May - August 2014
• Installed and performed updates on about 150 new computers in several school computer labs
• Participated in the process of moving from an old office to a new office by helping to set and structure up the new office
• Consistently performed technical computer problems fixes as they came from students and staff
Math Help Center Tutor & Homework Grader , Hendrix College August 2014 - Present
• Assists students with questions on math homework and class projects two nights a week.
• Grades weekly math homework papers.
Resident Assistant, Hendrix College August 2014 to present
• Organized at least events each semester for residents of my residence hall in my efforts to build an inclusive and more
educated community.
• Assisted in the selection, evaluation and training of more than twenty new resident assistants
• Accumulated experience in conflict resolutions, emergency situations handling, and peer management.
Software Developer, Data Systems Inc June - August 2015
• Maintained the company’s website and made several key changes on the front end using HTML and CSS.
• Worked on a new system that helped the company to manage all cash inflows and outflows.
LEADERSHIP EXPERIENCE
Ngoma Africa Students Association, Hendrix College August 2014 to present
• Established the annual Africa Day at Hendrix where we host students from several schools in central Arkansas who are
interested in sharing various aspects of their African culture.
• As treasurer of the club, I managed to obtain $2500 in funding from the Student Senate; and I was responsible for the
allocation of that money towards several of our 2015-16 social and educational events.
• As president of the club, I advocated and pushed for change in the school’s recruitment policy towards recruiting more
International students especially more African students.
VOLUNTEER EXPERIENCE
New Orleans Miller Center Mission Trip March 2015
• Spent a week in the great city of New Orleans volunteering with several non-profit organizations that work to tackle prob-
lems left by Hurricane Katrina.
• Participated in social justice discussions with several local community organizers and church leaders.
Intensive Summer Math Program in Rwanda August 2015
• Designed, successfully applied for funding, and implemented a two-week intensive math program in Kigali, Rwanda
where I taught calculus to 20 senior high school students to help prepare them for a national standardized exam.
OTHER CO-CURRICULAR EXPERIENCE
Hendrix Soccer Team 2013-14
Residence Life Social Committee 2014-2015
PI MU Epsilon mathematical society’15-
Multicultural Development Committee Treasurer 2015-16
Cultural Connections Committee 2015-2016
SKILLS
Technical: Java, Python, C, Javascript, HTML, CSS, Mathematica, Android OS, Latex, Github, Microsoft Office, Social Media.
Languages: Kinyarwanda (native proficiency), English (professional proficiency), French (limited working proficiency)
REFERENCES
Dr. Sarah Lee Hall Dr. Ze’ev Barel
Coordinator of Rwandan Presidential Scholarship, Hendrix College Professor of Mathematics, Hendrix College
HallS@hendrix.edu barel@hendrix.edu

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EcoForYou Final

  • 1. Page 1 ECOFORYOU Corporation Student Team Members Farai Musariri, Chief Executive Officer Cloris Tian, Chief Financial Officer Elvis Maung, Chief Operation Officer Olivier Kwizera, IT and Technical Director Faculty Advisors Lyle Rupert, Ph.D., CPA Chair of Department of Business and Economics (501)450-1237 rupert@hendrix.edu Mark Sutherland, Ph.D. Judy and Randy Wilbourn Odyssey Professor of Biology (501)450-1217 sutherlandmv@hendrix.edu Contact Details ecoforyou1@gmail.com
  • 2. Page 2 Table of Contents I. Executive Summary......................................................................................................3 II. Company Overview.......................................................................................................4 III. Products and Services....................................................................................................7 IV. Market and Competitive Analysis ...............................................................................8 V. Management Team......................................................................................................12 VI. Operating Strategies....................................................................................................13 VII. Critical Risks................................................................................................................17 VIII. Cash Flow Statement ..................................................................................................18 IX. Income Statement........................................................................................................21 X. Balance Sheet ..............................................................................................................23 XI. Funds Required and Offering....................................................................................27 XII. Appendix........................................................................................................................28 .
  • 3. Page 3 I. Executive Summary In light of the high production costs associated with 21st century agriculture in the US, farmers in states such as Vermont, Minnesota and North Carolina, are adopting waste digestion mechanisms that generate electricity and use the waste digestion byproduct as fertilizer. These aforementioned technologies are, unfortunately, quite sparse in Arkansas although the state recorded about 44, 000 agricultural farms as of 2014. Of particular interest are the nearly one billion chickens (969,800,000) produced in Arkansas in 2014, making Arkansas the third largest chicken producing state in the nation. These figures are only set to rise in 2016 with the opening of a new chicken plant operated by PECO in Randolph County in Northeast Arkansas. Current chicken farmers in Randolph County are forecasted to increase their chicken waste production (over 50, 000 tons this year alone) with no obvious intentions to dispose this waste in a green manner. These chicken farmers are at risk of lawsuits and reprimands from environmental and health agencies if they improperly dispose their chicken waste. Given these circumstances, EcoForYou proposes a fertilizer production and distribution company that specializes in subjecting chicken manure to bacteria-driven anaerobic for detoxification to generate a high quality fertilizer that is cheaper and greener than current market options. The detoxification process will generate a surplus of methane gas which will be recycled to generate enough electricity required to power our biodigesters and the rest of our facilities. EcoForYou will provide an environmentally friendlychicken waste disposal option for farmers based in this area of Arkansas Delta while decreasing the potential for pollution from chicken litter in the process. The potential to acquire chicken waste at little to no cost from chicken farmers; the ability to sell the environmentally friendly chicken fertilizer at a slightly elevated, yet affordable price in an untapped market of numerous large scale crop growers in Randolph county; a very progressive management team which includes green energy engineers and environmental specialists; and a forecasted net income of about US $1.9 million in just the end of the second fiscal year of operation all make EcoForYou a viable and exciting business prospect.
  • 4. Page 4 II. Company Overview Vision and Mission Through continuous innovation on chicken waste utilization, EcoForYou aspires to bring environmentally friendly agricultural practices to Northeast Arkansas. EcoForYou aims to expand to be the main chicken waste recycler throughout Arkansas starting with Randolph county by offering three main value propositions: (1)We will produce affordable, organic, nitrogen-rich and smell-free chicken fertilizers; (2) We will streamline the process by which chicken farmers get rid of their waste; (3) Crop growers will receive great value for their money in an environmentally friendly manner when they purchase EcoForYou fertilizer. History and Background Arkansas is currently ranked third in the nation in chicken production, producing almost one billion chickens a year.1 With the opening of the new PECO chicken processing plant in Randolph county in 20162 —the second one in a 150 mile radius—Arkansas chicken production is only set to rise. At full capacity, the new PECO plant will process and market 4 million pounds of chickens a year all supplied by contracted farmers in and around Randolph County. And because it is known that one animal unit of broiler chickens (1000lbs worth) produces an average of 14.97 tons of chicken waste a year3 , we anticipate that the PECO plant will generate nearly 60, 000 tons of chicken waste a year. PECO nor any other major stakeholder in Randolph County has plans to dispose the resulting chicken waste in a green manner, exposing the chicken farmers contracted by PECO to the risk of lawsuits and reprimands from environmental and health agencies if they improperly dispose their chicken waste.4 In the current setup, chicken farmers sell their manure to crop growers gaining very little to no profit due to transportation and delivery expenses. This opportunity to play the role of a middle man who adds value to chicken manure before crop-growers use it is what EcoForYou aims to exploit. The immediate goal is to establish EcoForYou in the Randolph County regional market. EcoForYou has strong potential for success. Though somewhat cliché, the saying “one’s waste is another’s treasure” stands true for us 1 http://www.nass.usda.gov/Quick_Stats/Ag_Overview/stateOverview.php?state=ARKANSAS 2 http://www.arkansasbusiness.com/article/95505/poultry-plants-nesting-in-northeast-arkansas 3 http://www.sustainabletable.org/906/waste-management 4 http://www.foodsafetynews.com/2012/10/rice-growers-sue-chicken-industry-over-poultry-litter/#.VvCAk-IrLcs
  • 5. Page 5 thanks to modern green energy technologies. As shown by Fig. 1 below, EcoForYou’s process consists of four steps: (1) collect chicken waste from chickenfarmerswithina 50 mile radiusofthe county; (2) subjectthe wasteto biological digestion aided by methanogens (anaerobic bacteria); (3) purify the collected biogas to remove gaseous toxins while isolating methane which will be used to power a generator that will fuel our operations and provide a potential source of income within the foreseeable future, and (4) sell and deliver the detoxified solid as organic fertilizer to crop growers in the region. At maximum capacity—reached in our fourth year of operation—we will have the capacity to process just over 70,000 tons of chicken litter per year. We anticipate that our bio-digestion process will yield about 60% processed fertilizer implying that EcoForYou will produce about 42,000 tons of solid organic fertilizer per year for farmer consumption in2019. Fig.1 above shows the operational structure that EcoForYou envisions.
  • 6. Page 6 Keys to Success  Low cost operations: We plan to procure cheap raw materials (manure) in a low cost area to generate a moderate cost commodity, environmentally friendly fertilizer.  Progressiveness: Our work is inspired by environmentalist ethos and driven by recent technologies. This progressive edge will make EcoForYou a very dynamic startup that is able adapt to market and societal needs.  Credibility: Because we will have a middle-man type relationship with the farmer community in Randolph County trust is key to our success. To build this trust we will maintain regular communication with farmers, allow them the opportunity to tour our facilities to understand our work, and maintain a very strong presence in the community through our corporate social responsibility.  Job Creation: We anticipate to create multiple high skill jobs to help keep Arkansas talent in this poor region. Legal Forms EcoForYou will function as an S-Corporation and it will register for a trademark. This S-Corporation will be created through filing Articles of Incorporation with the Secretary of State with the assistance of Elvis Maung (EcoForYou COO) and Tom Hardin, a consulting lawyer whose support and advising for EcoForYou is unmerited. Tom Hardin will be contracted at a fee of $100 per hour of work, and a minimum of 50 hours of legal work is expected. For more information, the Appendix contains a list of some of the legal forms EcoForYou will need to file. Corporate Social Responsibility At EcoForYou we believe that conserving the environment is not only a business imperative for our purposes, but also a social responsibility. The protection of the environment will remain at the core of all decision-making within the business. We will be forging strategic partnerships with local authorities and residents associations to ensure a social presence in our community. EcoForYou is also committed to training and retaining high skilled workers in the Arkansas delta, as well as investing in antipoverty work in the region.
  • 7. Page 7 III. Products and Services EcoForYou aims to produce 420,000 pounds of nitrogen fertilizers in the first year alone, assuming that only 40% of the total chicken litter from Randolph County chicken farmers is collected and processed. Given that the current market price of chicken fertilizer is $43 per pound of nitrogen absorbed by plants, EcoForYou will lower the selling price for high quality, nitrogen rich fertilizers to just $30/lb. EcoForYou is able to lower this sale price because its profit margins are high enough due to the fact that we acquire raw chicken manure at little or no cost outside of transportation costs. Up to 25lbs of free trial samples are available to all interested farmers and a complimentary soil texture and nutrient quality testing service is provided to all first time fertilizer consumers within the first year of using EcoForYou fertilizer. Fertilizer orders are welcome in person, via the phone and/or via the EcoForYou web platform. Free delivery services are also available to all our customers who request the service and have purchased more than half a ton of our fertilizers. A similar web based chicken waste collection database will be maintained to ensure fast and efficient procurement of chicken waste from chicken farmers. After powering its own operations, EcoForYou also anticipates to produce an excess of at least 1 megawatt (MW) of electricity which is enough to power about 150 Arkansas homes when operating at full capacity i.e. starting in its third year of operation. Unfortunately, because the Arkansas Electric Cooperative is not yet big on incentivizing the generation and use of green energy options in the state, little groundwork exists to encourage the sale of the excess power we generate. Conversations are underway, however, with the main stakeholders in Randolph County to discuss the possibilities of selling this excess power to their power grid.
  • 8. Page 8 IV. Market and Competitive Analysis Because of the high nitrogen, phosphorus and potassium content in chicken waste,5 chicken manure is a valuable nutrient source for cash crop farming, particularly for corn, rice, forage, and soybean farming—all of which Arkansas is among top producers of in the country.6 According to the Arkansas Farm Bureau, there are currently about 510 farms (35 corn farms, 52 rice fields, 58 soybean farms and 365 hay farmers) in Randolph County alone that demand chicken manure on their fields.7 It is also known that cash crop farming requires about two tons of manure per acre of land. Because Randolph County currently has about 100,000 acres of farmland8 , one can safely extrapolate the manure needs in the state to be about 200,000 tons applied in a seasonal fashion—implying a large market of fertilizer consumption. Also, because most fertilizer application occurs during early spring, EcoForYou anticipates its biggest sales in the first quarter of each fiscal year. Specifically, chicken fertilizer supplies crops with a host of essential trace elements (Magnesium, Sulfur, Iron, Manganese, Zinc, Copper, Boron, Aluminum, and Sodium) as well as the needed macronutrients (Nitrogen, Potash, Phosphorus, and Calcium). Moreover, the fertilizer amends agricultural soil by adding organic matter to the soil which betters the soil’s moisture and nutrient retention capacity.9 In addition, it increases the population of crucial nitrogen-fixing bacteria in the soil which increases the readiness by which plant roots take up nutrients—all very important mechanisms by which crop growers can ensure that they produce the best quality crops. Chicken manure especially stands out as a great organic manure for cash crop production as studies show that the NPK—Nitrogen, Potash, and Potassium—rating of 1.1-0.8-0.5 by far exceeds that of its closest organic manure contenders in quantity, quality and availability. Specifically, steer, pig and sheep manure, only show NPK ratings of 0.7-0.3-0.4, 0.8-0.7-0.5 and 0.7-0.3-0.9 respectively, besides the fact that all three of them are available in much less supply in Arkansas than chicken fertilizer.10 In comparison to artificial fertilizers, chicken fertilizer is a more economic source of nutrient additives to the 5 https://edis.ifas.ufl.edu/aa205 6 https://edis.ifas.ufl.edu/aa205 7 http://www.arfb.com/!userfiles/editor/docs/for-consumers/arkagprofile.pdf 8 http://www.arfb.com/!userfiles/editor/docs/for-consumers/arkagprofile.pdf 9 https://edis.ifas.ufl.edu/aa205 10 http://www.grow-it-organically.com/npk-fertilizer.html
  • 9. Page 9 soil, as chicken fertilizer costs roughly half as much –usually less—than artificial fertilizers of comparable nutrient content. In addition to providing quality, high value fertilizer, EcoForYou gives the added bonus of smell-free chicken fertilizer. Our Methanogen aided bio-digestion of the chicken waste at 100 ̊F for 30 days eliminates the bad odor which makes our product less revolting which opens the possibility of expanding our consumer base to the average pot gardener especially in winter months when our sales are low. Currently, crop growers mostly utilize raw chicken waste as a source of manure, but this puts the environment at risk because of the high phosphorus content of raw chicken waste, as well as the possibility of arsenic contamination of the chicken waste. Both minerals have the potential to pollute natural water sources and change their flora and fauna. Using raw chicken waste further endangers both crop growers and chicken handlers because this particular type of organic dust—dust particles from organic matter—also contains bacterial endotoxins, toxins released by gram-negative bacteria which are very potent immunostimulants. Our model fortunately eliminates both problems. Through high temperature denaturation of bacterial endotoxins, we can make the organic dust inert; and by converting phosphorus and arsenic to other forms which are unavailable for plant and animal uptake, we can eliminate the environmental hazard. Ultimately, because we significantly reduce the public health risk and potential environmental risk of handling chicken fertilizer to farmers, our product becomes even more appealing. Overall, EcoForYou envisions to stand as the main distributor of green chicken fertilizer in Randolph County and, eventually, the rest of Northeast Arkansas. Its effectiveness and market reach is unparalleled as it proposes to utilize—not dissolve—the already existing ties between chicken farmers and crop growers. Because chicken farmers make little to no profit from selling their waste—and paying for delivery—EcoForYou will provide a lucrative chicken waste disposal service to chicken farmers free of charge. This somewhat unlimited supply of cheap raw materials which allows us to produce high quality fertilizer and be competitive in the market by selling our products for 30% less than the market price gives us a competitive edge over existing organic manure sellers in the area or any chicken farmers who decide to compete with us. Our product is a great brand ambassador that represents our mission to provide value, show environmental sensitivity and increase farmer productivity.
  • 10. Page 10 Our main challenge, admittedly, will be to initially get our product exposed to the farmers that are in need of high quality fertilizer. Our aim to hire local marketing professionals who are highly connected to farmers in the region and the agricultural sector in general, as well as a big investment in extensive in person and intentional advertising relieve our concerns at realizing profit. Finally, through our initial marketing analysis and projections, we expect to get at least 40 Chicken farms to sign contracts with us for the direct material and reach as much as 100 crop growing farmers spanning no less than 60, 000 acres of land in Randolph County in our first year. In the subsequent years, we expect a steady growth in the numbers of chicken farmers and crop growers reached.
  • 11. Page 11 V. Management Team A sophisticated team of four professionals has been behind EcoForYou from the beginning: Cloris Tian—an outstanding accountant currently preparing to graduate in December 2016 with a Bachelor of Arts in Accounting; Elvis Maung—an astute economics and business major who is set to graduate May 2017; Farai Musariri—a natural born leader who is set to graduate in May 2016 with a Bachelor of Arts in Biochemistry and Molecular Biology; and Olivier Kwizera—a canny software developer who is on track to graduate in May 2017 with a Bachelor of Arts in Mathematics and Computer Science. These highly driven professionals will ensure that strong partnerships are established within the community for client/farmer mobilization and to build a steady set of relationships for the procurement, marketing and distribution of the power and fertilizer generated by the chicken litter digesting plant. Their resumes are available for review in the Appendix, and below is the table describing the roles of the four EcoForYou executive officers: Name Position Responsibilities Farai Musariri CEO and Waste Superintendent  Develop business strategies  Oversees the company’s activities  Supervises waste digester maintenance and upkeep Cloris Tian CFO  Supervise financial affairs  Finance and accounting director  Marketing and sales supervisor Elvis Maung COO  Human resources management  Legal representation  Health and safety regulations upkeep Olivier Kwizera IT and Technical Director  Website operation and online advertising  Client database management In addition to the four executive members of the business, there will also be four marketing strategists working under the COO to make connections with Randolph County farmers to ensure cheap and steady chicken waste procurement, as well as to build a stable and preferably ever-growing pool of fertilizer consumers. Each marketing strategist will receive $10/hr base pay and 0.3% sales commission. Also, because of the technical nature of this start-up, EcoForYou will hire a quality assurance specialist who will ensure that EcoForYou observes EPA (Environmental Protection Agency) and OSHA (Occupational Safety and Health Administration) stipulations. There will also be a process engineer who will monitor repair mechanisms and techniques for EcoForYou, as well as make recommendations to the management team on other methods by which EcoForYou can expand mechanistically
  • 12. Page 12 and/or become greener. He/she will work with the guidance of a consultant, Brett McDaniel from Conway Corporation, a systems engineer, whose experience with green waste disposal techniques is invaluable for our purposes. There will also be hired administrative workers to do office work and, lastly, EcoForYou will also employ four truck drivers to transport our chicken waste and our processed fertilizer to their respective destinations. Projected wages of all these workers are shown in the table below. Personnel Plan 2017 2018 2019 CEO $50,000 $50,000 $52,500 CFO $50,000 $50,000 $52,500 COO $50,000 $50,000 $52,500 IT Manager $46,000 $46,000 $50,000 Consulting Engineer $85,000 $85,000 $89,250 Environmental Engineer & Quality Assurance Specialist $71,007 $71,007 $74,557 Process Engineer $71,889 $71,889 $75,483 Marketing Representatives (4) $157,814 $194,553 $206,008 Administrative Workers (2) $70,660 $70,660 $74,193 Senior Truck Driver (2) $80,000 $80,000 $84,000 Deliver Truck Driver (2) $70,000 $70,000 $73,500 Total Payroll $802,370 $839,109 $884,492
  • 13. Page 13 VI. Operating Strategies EcoForYou is currently setting the groundwork for operations to commence in the second quarter of 2017. Contact to a small subset of farmers in the region has already been made, and the positive “vibe” with which this proposal has been accepted is quite exciting. EcoForYou’s plan for operation has been segmented below for readability. Price of Initial Setup  $30,000 for leasing 40 acres of County Regulatory Board assessed land in Randolph County in close proximity to a city regulated water source . This will be a capital lease and EcoForYou will own it after 20 years of leasing. The land will have a fair value of $300,000 and we will have an annual lease payment of $15,000.  Our building structures (fair value = $700, 000) on the site will be leased to own over a 20 year period as well. We will have an annual lease payment of $30,000, and the building will depreciate in a straight-line method over a period of 20 years.  The plant equipment for the waste digestion, fertilizer storage, and power generation will cost about $4 million. We plan to purchase a 3 biodigester and power generation complement and pay about 60% of the associated costs upon purchase. The rest will be paid in a period of 4 years and it will depreciate in a straight line method over a 7 years period. Upon expansion in our third year of operation, we will purchase 2 more biodigesters setups priced at 1.5million.  Four semi-trucks are going to be leased from XTRA Lease in Little Rock for a down payment of $8,000 and monthly payments of $1,600 each.  $2 million will then be accounted for workers compensation and all other operational costs until the business becomes profitable.  We are paying 15% of our net income to our investors and the rest will be retained earnings for research and development, and we will expand our business in the third year. *At maximum capacity—reached in our fourth year of operation—we will have the capacity to process just over 70,000 tons of chicken litter per year. Altogether, this means that we will have 1 biogas digester for contingency and higher demand traffic.
  • 14. Page 14 Sales Our fertilizer will be priced at $30/lb of Nitrogen absorbed by plants. Note that 2 tons of typical chicken litter contains about 70 pounds of nitrogen that becomes available to plants during the growing season. In the best case scenario, EcoForYou will make about 2.1 million pounds of Nitrogen from about 60,000 tons of chicken waste implying a gross income of US$63 million. This fertilizer will be sold exclusively through contracts and our contracted customers can order in person, over the phone, or online. Consumers can get their quotas booked against secured financial instruments, and once a quota is booked, EcoForYou guarantees delivery in 3-5 business days. To ease the payment process, EcoForYou will offer 6 months to pay to crop growers who have good credit. Sales will spike during the first quarter, just before the growing season, and moderate sales will be expected throughout the rest of the year because some farmers grown perennials. Our marketing personnel will see the same shift in their compensation as well. To offset this spike in fertilizer sales—and potential dip in winter months—selling fertilizer out of state is an option worth exploring. In the first three years all our fertilizers will be sold to farmers who have contracts with EcoForYou to incentivize the formation of a strong consumer base. In the third year of operation, EcoForYou will consider the retail market for small scale farmers including garden owners who buy fertilizers quite sporadically. Expansion EcoForYou anticipates 8-12% growth in sales per year because we predict that after at least one year of operation we will become the major chicken fertilizer distributer in Randolph County. We anticipate to reach about 70% of the farm growers in Randolph County within the first year alone, but we expect to reach close to 90% of them in succeeding years making expansion an imperative. We will also spend extra $1.5 million to expand within the 3 years of full functionality, as we anticipate to be able to withstand a bigger volume of chicken waste. A key tool in expanding the customer base is the website, which includes information pages as well as ordering options and states’ socializing abilities. Research and Development A team of the CEO, the Environmental Engineer & Quality Assurance Specialist and the Process Engineer will conduct quarterly reviews of EcoForYou operations for efficiency. They will also conduct feasibility studies to look for expansion opportunities and other green fertilizer betterment techniques that may apply to our work.
  • 15. Page 15 Note also, that the four marketing strategists listed in the management team (section V) mentioned previously will be required to provide periodic updates on statistics that relate to both chicken farmers and crop growers to ensure that EcoForYou becomes the main chicken fertilizer producer and maintains that competitive edge. Due care and monitoring will be ensured while storing the products as irregular/unmonitored storage can lead to caking of the product especially since our product is vulnerable to moisture which will affect both the quality and quantity of the product that is available for resale. Projected Milestones The projected milestone of EcoForYou will be prepared along with the required achievements from the day EcoForYou starts the new venture throughout the 5 years. Year Activity Details 2017 Propose the project to the government and private agencies in order to raise capital; Lease land and Purchase of equipment Build a reliable supplier and customer base through a publicized opening reception Recruit workers; Commence operations in April, 2017 2018 Intense advertising to increase the public awareness of EcoForYou work; Promote products through advertisements, strong internet visibility, and in person visits. 2019 Improve company reputation and gain more market share; Purchase additional equipment for expansion in December 2020 Expand chicken supplier network beyond Randolph County, and pursue electricity selling more closely 2021 Plan for expansion in other states.
  • 16. Page 16 Acquisition of a Qualified Labor Pool EcoForYou anticipates to contract the services of three relevant engineers to work plant management and in the quality control area to overlook plant operations. This is very crucial as the top executive officers in the business are underqualified for this responsibility. These professionals will also provide assurance to the customers. Inventory Management EcoForYou will calculate yield quantities for the week every Monday. Staff members will log anticipated yields into a spreadsheet to efficiently manage distribution and ensure viability. This system is useful in accounting for and accommodating fluctuations in weekly yields to ensure customer satisfaction. Pay Back Period and Exit Strategy All the equity investors will be notified that it will take EcoForYou an estimated 7 to 10 years to pay back on initial investments. In the case that EcoForYou underperforms, and shareholders agree to dissolve its operations, all assets will be sold off, loans and capital leases paid off and the remains equally shared among existing shareholders. Note also, that all shareholders reserve the right to sell off their shares to other potential investors at or after the end of year 4 of operation. $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 2017 2018 2019 2020 2021Net Sales Operating Expense
  • 17. Page 17 VII. Critical Risks The first and foremost risk that EcoForYou faces is associated with getting the company into full functionality, particularly with regards to erecting the structure needed to process chicken manure and reaching full operational capacity. The possibility of not receiving the US$1.25 million USDA grant is also a possibility, but in that case EcoForYou will limit the number of the digester setups to be bought to accommodate this shift in capital. The fluctuating nature of gas prices is a significant potential obstacle in our operations as well as on our profit margins as it directly influences our transportation costs—one of our largest operational costs. Unfortunately, countering this risk will be particularly difficult, but the possibilities of using natural gas or electricity powered vehicles instead of gas or diesel powered ones are being explored. Second, because EcoForYou is the first chicken litter processing plant in the county, we will have no competition at the beginning, but competition is expected to rise once profits begin to be realized. To make full use of our starting advantage, we plan to contract at least 40 farmers to gain exclusive rights to their waste for a set period of time, potentially 5 years. Environmental factors, particularly temperature, can also determine how quickly our chicken litter will be processed; however, we suspect to buffer this hindrance by setting up our biogas digesters underground with only the gas collector seen above ground level. Last, the risk of intellectual property infringement may occur when EcoForYou is at a positive earning level. We anticipate that there will be many potential new entrants to imitate our business model which may affect the image in the industry as a whole. EcoForYou will contract legal services to secure its intellectual property.
  • 18. Page 18 VIII. Cash Flow Statements 3/31/2017 6/30/2017 9/30/2017 12/31/2017 Cash Flow from Operating Activities: Cash Received from Customers: -$ 778,898$ 689,649$ 220,688$ Cash Paid for Operating Expenses (653,760)$ (338,883)$ (304,807)$ (179,570)$ Cash Paid for Interest Expenses (19,250)$ (19,058)$ (18,867)$ (18,678)$ Net Cash Flow from Operating Activities (673,010)$ 420,957$ 365,975$ 22,439$ Cash Flow from Investing Activities: Cash Paid for Equipment (2,500,000)$ -$ -$ (933,333)$ Purchase of Fixed Assets (including capital lease payments) Net Cash Flow from Investing Activities (2,700,000)$ (126,000)$ (126,000)$ (1,059,333)$ Cash Flow from Financing Activities: Cash Received from Angel Investor 1,500,000$ -$ -$ -$ Issuance of Common Stock 800,000$ -$ -$ -$ Payment of Cash Dividend -$ -$ -$ -$ Cash Received from Bank Loan 1,250,000$ -$ -$ -$ Cash Paid for Principle Payment on Loan -$ -$ -$ (125,000)$ Grant Received from USDA 1,000,000$ -$ -$ -$ Net Cash Flow from Financing Activities 4,550,000$ -$ -$ (125,000)$ Net Increase (Decrease) in Cash 1,176,990$ 294,957$ 239,975$ (1,161,894)$ Beginning Cash Balance -$ 1,176,990$ 1,471,947$ 1,711,922$ Ending Cash Balance 1,176,990$ 1,471,947$ 1,711,922$ 550,029$ (200,000)$ (126,000)$ (126,000)$ (126,000)$ EcoForYou Corporation Statement of Cash Flow For Quarter Ended in 2017
  • 19. Page 19 3/31/2018 6/30/2018 9/30/2018 12/31/2018 Cash Flow from Operating Activities: Cash Received from Customers: 1,736,911$ 776,501$ 687,527$ 207,786$ Cash Paid for Operating Expenses (313,990)$ (363,064)$ (323,165)$ (185,075)$ Cash Paid for Interest Expenses (18,491)$ (18,307)$ (18,307)$ (18,123)$ Net Cash Flow from Operating Activities 1,404,429$ 395,131$ 346,056$ 4,588$ Cash Flow from Investing Activities: Cash Paid for Equipment -$ -$ (933,333)$ Purchase of Fixed Assets (including capital lease payments) Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Cash Received from Angel Investor -$ -$ -$ -$ Issuance of Common Stock -$ -$ -$ -$ Payment of Cash Dividend -$ -$ -$ (289,219)$ Cash Received from Bank Loan -$ -$ -$ -$ Cash Paid for Principle Payment on Loan -$ -$ -$ (125,000)$ Grant Received from USDA -$ -$ -$ -$ Net Cash Flow from Financing Activities -$ -$ -$ (414,219)$ Net Increase (Decrease) in Cash 1,278,429$ 269,131$ 220,056$ (1,468,965)$ Beginning Cash Balance 550,029$ 1,828,458$ 2,097,589$ 2,317,644$ Ending Cash Balance 1,828,458$ 2,097,589$ 2,317,644$ 848,680$ (126,000)$ (126,000)$ (126,000)$ (1,059,333)$ EcoForYou Corporation Statement of Cash Flow For Quarter Ended in 2018
  • 20. Page 20 12/31/2019 12/31/2020 12/31/2021 Cash Flow from Operating Activities: Cash Received from Customers: 3,715,511$ 5,573,266$ 6,242,058$ Cash Paid for Operating Expenses (1,259,314)$ (1,844,703)$ (2,062,863)$ Cash Paid for Interest Expenses (80,551)$ (136,937)$ (147,891)$ Net Cash Flow from Operating Activities 2,375,646$ 3,591,626$ 4,031,303$ Cash Flow from Investing Activities: Cash Paid for Equipment (2,433,333)$ (1,783,333)$ (850,000)$ Purchase of Fixed Assets (including capital lease payments) (519,120)$ (934,416)$ (1,055,890)$ Net Cash Flow from Investing Activities (2,952,453)$ (2,717,749)$ (1,905,890)$ Cash Flow from Financing Activities: Cash Received from Angel Investor -$ Issuance of Common Stock 500,000$ -$ -$ Payment of Cash Dividend (312,447)$ (477,703)$ (536,677)$ Cash Received from Bank Loan -$ -$ -$ Cash Paid for Principle Payment on Loan (125,000)$ (125,000)$ (125,000)$ Grant Received from U.S. Department of Agriculture -$ -$ -$ Net Cash Flow from Financing Activities 62,553$ (602,703)$ (661,677)$ Net Increase (Decrease) in Cash (514,254)$ 271,175$ 1,463,736$ Beginning Cash Balance 848,680$ 334,426$ 605,600$ Ending Cash Balance 334,426$ 605,600$ 2,069,336$ EcoForYou Corporation Statement of Cash Flow For Year Ended in 2019, 2020, 2021
  • 21. Page 21 IX. Income Statements 3/31/2018 6/30/2018 9/30/2018 12/31/2018 Sales Sales Revenue 3,216,501$ 1,437,965$ 1,273,199$ 384,789$ Less: Sales Discounts 64,330$ 28,759$ 25,464$ 7,696$ Sales Return and Allowances 257,320$ 115,037$ 101,856$ 30,783$ Net Sales 2,894,851$ 1,294,169$ 1,145,879$ 346,310$ Cost of Good Sold 868,455$ 388,251$ 343,764$ 103,893$ Gross Profit 2,026,396$ 905,918$ 802,115$ 242,417$ Operating Expenses Selling Expenses Sales Salaries and Commissions 50,396$ 33,589$ 32,032$ 23,636$ Travel and Entertainment 6,480$ 6,800$ 5,006$ 1,406$ Advertising Expense 70,000$ 82,500$ 71,500$ 42,900$ Delivery Salaries and Expense 121,980$ 166,650$ 138,672$ 29,231$ Shipping Supplies and Expense 66,600$ 81,400$ 73,260$ 20,979$ Postage and Stationery 2,484$ 3,229$ 2,745$ 801$ Telephone and Internet Expense 4,992$ 6,600$ 5,280$ 1,483$ Administrative Expenses Officers' Salaries 105,974$ 105,974$ 105,974$ 105,974$ Office Salaries 17,665$ 17,665$ 17,665$ 17,665$ Legal and Professional Services 23,100$ 33,000$ 24,840$ 19,033$ Utilities Expense 8,250$ 12,375$ 9,900$ 8,910$ Insurance Expense 25,000$ 25,000$ 25,000$ 25,000$ Depreciation of Office Equipment 1,820$ 2,691$ 2,153$ 1,722$ Stationary, Supplies, and Postage 2,076$ 2,883$ 2,306$ 807$ Miscellaneous Office Expenses 16,500$ 24,750$ 22,275$ 8,910$ Total Operating Expenses 523,317$ 605,107$ 538,608$ 308,458$ Income From Operations 1,503,079$ 300,812$ 263,507$ (66,041)$ Other Revenue Expenses and Losses Interest Expense 18,491$ 18,307$ 18,307$ 18,123$ Net Income 1,484,587$ 282,505$ 245,200$ (84,165)$ EcoForYou Corporation Income Statement For Quarter Ended in 2018
  • 22. Page 22 12/31/2019 12/31/2020 12/31/2019 Sales Sales Revenue 6,880,575$ 10,320,863$ 11,559,366$ Less: Sales Discounts 137,612$ 206,417$ 231,187$ Sales Return and Allowances 550,446$ 825,669$ 924,749$ Net Sales 6,192,518$ 9,288,776$ 10,403,430$ Cost of Good Sold 1,857,755$ 2,786,633$ 3,121,029$ Gross Profit 4,334,762$ 6,502,143$ 7,282,401$ Operating Expenses Selling Expenses Sales Salaries and Commissions 145,021$ 237,532$ 249,236$ Travel and Entertainment 21,662$ 28,160$ 33,793$ Advertising Expense 293,590$ 396,347$ 443,908$ Delivery Salaries and Expense 502,187$ 677,952$ 759,306$ Shipping Supplies and Expense 290,687$ 377,893$ 419,461$ Postage and Stationery 10,370$ 14,517$ 16,114$ Telephone and Internet Expense 21,108$ 29,552$ 32,803$ Administrative Expenses Officers' Salaries 446,791$ 714,866$ 822,095$ Office Salaries 74,193$ 118,709$ 136,515$ Legal and Professional Services 107,971$ 172,753$ 193,483$ Utilities Expense 42,590$ 68,144$ 74,958$ Insurance Expense 110,000$ 176,000$ 190,080$ Depreciation of Office Equipment 10,064$ 16,103$ 17,713$ Stationary, Supplies, and Postage 8,799$ 14,079$ 15,487$ Miscellaneous Office Expenses 86,198$ 137,916$ 151,708$ Total Operating Expenses 2,171,231$ 3,180,523$ 3,556,661$ Income FromOperations 2,163,532$ 3,321,621$ 3,725,740$ Other Revenue Expenses and Losses Interest Expense 80,551$ 136,937$ 147,891$ Net Income 2,082,981$ 3,184,684$ 3,577,848$ EcoForYou Corporation Income Statement For Year Ended in 2019, 2020, 2021
  • 23. Page 23 X. Balance Sheet Assets Current Assets Cash 550,029$ Investments (available-for-sale) -$ Accounts Receivable 866,274$ Less: Allowance for Doubtful Accounts 86,627$ 779,647$ Notes Receivable 288,758$ Inventories-at average-cost 649,706$ Supplies on hand 78,451$ Prepaid Expenses 1,021,106$ Total Current Assets 3,367,697$ Property, Plant, and Equipment Capital Leased Land-Market Price 300,000$ Capital Leased Building-Market Price 700,000$ Less: Accumulated Deprciation 35,000$ 665,000$ Equipment-at Cost 5,000,000$ Less: Accumulated Deprciation 714,286$ 4,285,714$ Total Property, Plant, and Equipment 5,250,714$ Grant Receivable fromU.S. Department of Agriculture 1,000,000$ Intangible Assets - Trademark 8,000$ Total Assets 9,626,411$ Liabilities and Stockholder's Equity Current Liabilities Notes Payable to Banks and Capital Lease Obligations 335,000$ Accounts Payable 4,219,701$ Accrued Interest on Notes Payable 75,853$ Accrued Salaries, Wages, and Other Liabilities 84,779$ Uneared Revenues 868,455$ Total Current Liailities 5,583,788$ Long-termLiabilities Notes Payable to Banks 1,125,000$ Notes Payable to Equipment 1,570,000$ Leased Liability for Land, Building and Truck 1,266,000$ Total Liabilities 9,544,788$ Stockholders' Equity Common Stock - $1 par value, 500,000 shares Authorized; 50,000$ Issued and Outstanding, 50,000 Shares /31,250 shares Additional paid-in capital 750,000$ Retained Earnings (718,377)$ Total Stockholders' Equity 81,623$ Total Liabilities and Stockholder's Equity 9,626,411$ EcoForYou Corporation Balance Sheet For Year Ended in 2017
  • 24. Page 24 Assets Current Assets Cash 848,680$ Investments (available-for-sale) -$ Accounts Receivable 3,156,227$ Less: Allowance for Doubtful Accounts 315,623$ 2,840,604$ Notes Receivable 631,245$ Inventories-at average-cost 1,136,242$ Supplies on hand 84,727$ Prepaid Expenses 859,588$ Total Current Assets 6,401,087$ Property, Plant, and Equipment Capital Leased Land-Market Price 312,000$ Capital Leased Building-Market Price 714,000$ Less: Accumulated Deprciation 71,400$ 642,600$ Equipment-at Cost 5,000,000$ Less: Accumulated Deprciation 1,428,571$ 3,571,429$ Total Property, Plant, and Equipment 4,526,029$ Grant Receivable from U.S. Department of Agriculture -$ Intangible Assets - Trademark 9,600$ Total Assets 10,936,715$ Liabilities and Stockholder's Equity Current Liabilities Notes Payable to Banks and Capital Lease Obligations 267,800$ Accounts Payable 4,671,108$ Accrued Interest on Notes Payable 73,228$ Accrued Salaries, Wages, and Other Liabilities 84,779$ Uneared Revenues 937,932$ Total Current Liailities 6,034,847$ Long-term Liabilities Notes Payable to Banks 1,000,000$ Notes Payable to Equipment 640,000$ Leased Liability for Land, Building and Truck 822,960$ Total Liabilities 8,497,807$ Stockholders' Equity Common Stock - $1 par value, 500,000 shares Authorized; 50,000$ Issued and Outstanding, 50,000 Shares Additional paid-in capital 750,000$ Retained Earnings 1,638,909$ Total Stockholders' Equity 2,438,909$ Total Liabilities and Stockholder's Equity 10,936,715$ EcoForYou Corporation Balance Sheet For Year Ended in 2018
  • 25. Page 25 Assets Current Assets Cash 334,426$ Investments (available-for-sale) -$ Accounts Receivable 3,233,870$ Less: Allowance for Doubtful Accounts 323,387$ 2,910,483$ Notes Receivable 757,495$ Inventories-at average-cost 1,238,504$ Supplies on hand 93,200$ Prepaid Expenses 959,880$ Total Current Assets 6,293,987$ Property, Plant, and Equipment Capital Leased Land-Market Price 324,480$ Capital Leased Building-Market Price 1,213,800$ Less: Accumulated Deprciation 142,800$ 1,071,000$ Equipment-at Cost 9,000,000$ Less: Accumulated Deprciation 2,142,857$ 6,857,143$ Total Property, Plant, and Equipment 8,252,623$ Grant Receivable from U.S. Department of Agriculture Intangible Assets - Trademark 10,560$ Total Assets 14,557,170$ Liabilities and Stockholder's Equity Current Liabilities Notes Payable to Banks and Capital Lease Obligations 489,140$ Accounts Payable 5,160,227$ Accrued Interest on Notes Payable 80,551$ Accrued Salaries, Wages, and Other Liabilities 93,257$ Uneared Revenues 1,031,725$ Total Current Liailities 6,854,900$ Long-term Liabilities Notes Payable to Banks 875,000$ Notes Payable to Equipment 2,440,000$ Leased Liability for Land, Building and Truck 1,316,736$ Total Liabilities 11,486,636$ Stockholders' Equity Common Stock - $1 par value, 500,000 shares Authorized; 81,250$ Issued and Outstanding, 81,250 Shares Additional paid-in capital 1,218,750$ Retained Earnings 1,770,534$ Total Stockholders' Equity 3,070,534$ Total Liabilities and Stockholder's Equity 14,557,170$ EcoForYou Corporation Balance Sheet For Year Ended in 2019
  • 26. Page 26 Assets Current Assets Cash 605,600$ Investments (available-for-sale) 250,000$ Accounts Receivable 4,644,388$ Less: Allowance for Doubtful Accounts 464,439$ 4,179,949$ Notes Receivable 1,857,755$ Inventories-at average-cost 1,671,980$ Supplies on hand 153,780$ Prepaid Expenses 1,487,827$ Total Current Assets 10,206,891$ Property, Plant, and Equipment Capital Leased Land-Market Price 336,486$ Capital Leased Building-Market Price 1,310,904$ Less: Accumulated Deprciation 185,640$ 1,125,264$ Equipment-at Cost 9,000,000$ Less: Accumulated Deprciation 3,428,571$ 5,571,429$ Total Property, Plant, and Equipment 7,033,178$ Grant Receivable from U.S. Department of Agriculture -$ Intangible Assets - Trademark 15,840$ Total Assets 17,255,910$ Liabilities and Stockholder's Equity Current Liabilities Notes Payable to Banks and Capital Lease Obligations 528,271$ Accounts Payable 7,890,035$ Accrued Interest on Notes Payable 136,937$ Accrued Salaries, Wages, and Other Liabilities 167,863$ Uneared Revenues 1,650,760$ Total Current Liailities 10,373,866$ Long-term Liabilities Notes Payable to Banks 750,000$ Notes Payable to Equipment 940,000$ Leased Liability for Land, Building and Truck 1,185,062$ Total Liabilities 13,248,928$ Stockholders' Equity Common Stock - $1 par value, 500,000 shares Authorized; 81,250$ Issued and Outstanding, 81,250 Shares Additional paid-in capital 1,218,750$ Retained Earnings 2,706,982$ Total Stockholders' Equity 4,006,982$ Total Liabilities and Stockholder's Equity 17,255,910$ EcoForYou Corporation Balance Sheet For Year Ended in 2020
  • 27. Page 27 XI. Funds Required & Offering EcoForYou will require a cash inflow of $6.3 million to properly develop, operate, and maintain its biogas digester facility. Angel investors inject the needed $1.5 million which will be received as a loan at an interest rate of 3.6% per year which will also serve as surety for the grant of $1million from the US Department of Agriculture and the investor will be compensated with 20% dividends on our net income. We will also borrow 1.25 million from the bank at an interest of 3.85% per year, and we will authorize 500,000 shares of common stock at a par value of $1 each. We will issue 50,000 of these shares to our management team and their family and friends at a price of $16 per share in the first quarter of 2017. In 2019 we will issue 31250 shares of common stock to the friends of members of the management team at $16 per share. We will pay 15% common stock dividends to our common share stock holders. Management Equity The current management of the company retains 100% ownership interest. Board of Directors Composition The board of directors will be comprised as follows:  Investors (3 seats)  Principals (3 seats)  Independent Chairperson (1 seat) Investor Divestiture The management will allow the investor to sell his or her equity interest in the firm after Year 4 either to a third party (subject to management approval) or back to management.
  • 28. Page 28 XII. Appendix 1. Image of a biogas digester/power generation setup as is currently sold by manufacturers. 2. EcoForYou Website Prototype: 3. Required Legal Work:  Legal Consultation needed: 1. For Incorporation filing 2. Investment lawyers (Investments, loans, interest and intermediaries) to raise our initial capital  Special Permits needed: 1. Animal Waste Storage Structure Construction Notification 2. Construction Activity Approvals 3. Industrial Wastewater Discharge Permit 4. Organic Certification 5. Sewage Sludge Utilization Permit 6. Water Appropriation and Use Permit 4. USDA Grant Information: http://programs.dsireusa.org/system/program/detail/917
  • 29. Cloris (Feixue) Tian Hendrix Box 4377, 1600 Washington Ave, Conway AR 72032 573-559-4990 tianff@hendrix.edu Education________________ ____ _________________________________________________________ Hendrix College 2013.9-2016.5 B.A: Accounting GPA: 3.90 Honors and Awards_________ ____ ________________________________________________________  2015 Governor’s Cup Semifinalist  First Place in the Hendrix College Center for Entrepreneurial Studies Business Plan Competition  First Place in Business Principles from Phi Beta Lambda of Arkansas Professional and Social Experience____ ____________________________________________________ New York Life & Anyhealth Insurance Corporation May, 13th – August 13th , 2015 Summer Intern Irvine, CA, U.S.A.  Obtained information from insured persons through phone calls to claim with insurance carrier more efficiently;  Collaborated with colleagues at CPA firms to assist over 100 new immigrants per month with their tax return and tax consulting;  Assisted the accountant on monthly payroll and journal entry at Anyhealthinsurance Corporation;  Updated existing policies and company records to reflect changes requested by policyholders and insurance company representatives;  Served as proposal writer to research, write and organize a Chinese Herbal Hospital and a Chinese Radio Station proposal for investors and recognized by investors to launch the plans in 2016. Hendrix College February, 2014 – present Concession Stand Worker Conway, AR, U.S.A.  Managed all customer traffic and cash register operations;  Provided product introduction to customers with persuasive selling techniques;  Responsible for inventory arrangement and verification;  Ensured regular stocking of all supplies and food materials. Xinyang Railway Station May, 2nd – August 10th , 2013 Volunteer Xinyang, Henan, China  Served as an accountant to record and manage over 10,000 dollars per day from online selling system;  Provided consultation to people from different regions of China in order to help them deal with some emergencies. Leadership Experience___________ ____ ______________________________________ ___________ Asian Cultural Club January 2014 – May, 2015 President  Developed annual plan for the club to forecast the budget correctly with over 2500 dollars per year;  Initiated, planned and carried out educational seminars, festival celebrations, film showings and some other activities to inculcate awareness and understanding of Asian Culture at the campus;  Responsible for comprehensive management of the club such as personnel arrangements and budget control;  Wrote culture-related essays and posters to promote Asian Culture around the campus. Phi Beta Lambda May 2014 – Jan 2016 Treasurer  Maintained financial records and analyzed related data in a monthly basis;  Organized fund-raising activities and raised more than 200 dollars within a month ;  Purchased necessary items for office supplies, and recorded and analyzed monthly purchasing to control the cost. Additional Information_ _ ___________________________________________________________ ________  Proficiency in Microsoft Office (Excel, Word, Powerpoint, Outlook, Access), SPSS, Python, etc.  Strong skills in communications and the ability to deliver high quality results, complimented by an easy adaptability for new projects and environments  Proficiency in English and Chinese  Member athlete at Hendrix College Women Golf Team  U.S. Permanent Resident, eligible to work without the sponsorship for H1B
  • 30. Kyaw Kyaw Win Maung@ Elvis Maung 1600 Washington Avenue Phone: +(1)501 470 8862 Conway, Arkansas, 72032 Email: koelvis@gmail.com Education: Hendrix College (B.A.) 2013- present Majoring in Economics and Business; Minoring in International Relation: Junior Educational supplement:  Yangon Model United Nations Conference, 2011 (American Center, Yangon)  Social Science and Burmese Studies, 2011 (UMFCCI, Yangon)  Winter Root Seeking Camp in China, 2011 (Qindao University, China)  Youth Camp for Asia's Future in South Korea, 2012 (Hankuk University of Foreign Studies, Korea)  ASEAN Regional Forum (Chulalorngon University, Bangkok, Thailand)  Political art workshop at International Student Festival in Trondheim, 2013 (ISFiT Foundation)  Fulbright Program Scholar 2013(Southern Illinois University)  Studies of United States Institutes (Paul Simons Public Policy Institute) Awards:  All Distinctions award in Myanmar National Matriculation Examination, 2009  Carl Jung Psychology Leadership Award, 2011 (American Center)  Outstanding participant award at Yangon Model United Nations Conference, 2011  Best Officer Award, Yangon American Center’s Psychology Club, 2011  Winner of 3rd and 4th Annual Essay Book Prize at American Center, Yangon 2011  ASEAN Leadership Award ( ASEAN Youth Forum)  Odyssey Distinction Award for Community Development Initiative  Miller Center Service Fellowship  Hendrix College Murphy House Scholar Community Development projects:  Giri Cyclone disaster relief project (Raised USD 8,00)  Thar lay Earthquake child psychological development fund-raising projects (Raised USD 12,000)  Back to School Aids for students in rural villages of Chaung Wa Township, 2011 (Raised USD 5,000)  Youth Leadership Program: provide basic health and hygiene knowledge to monastic students  Miller Center Fellowship Grant (USD 3700 grant for community engagement project in Burma 2015) Work Experiences Youth Engagement Initiatives  American Center Student Council Elected Executive member  Yangon Model United Nations Chair(2011), delegation ambassador(2012), faculty advisor(2013)  American Center Psychology Club Co-founder and former president  American Center Discussion Club President and debate trainer  Peer Educator Program Tutor and test preparation consultant  Youth Leadership Association Projects coordinator Hendrix College: Committee on Engaged Learnings  Board member: overseeing engaged learning projects and academic curriculum of Hendrix college Tzu Chi Foundation  Guided international clients in visiting field sites of ongoing projects such as educational development, disaster relief and poverty relief.  Did detailed reporting projects’ progress and edited news for Tzu Chi’s Da Ai International News
  • 31. Farai Musariri 1600 Washington Ave, Conway AR 72032 fmusariri@usapglobal.org, (+1) 501-205-9306 EDUCATION: Hendrix College, Conway, AR Major: Biochemistry and Molecular Biology Cumulative GPA: 3.83 Expected Graduation Date: May 2016 HONORS and AWARDS  Bennet Essay Contest on Business Ethics: 2015 Prize Winner  SOAR High Flyer: 2014 Award Winner (peer mentoring program)  Dean’s List, Tri Beta (Biology Honor Society)  Hendrix International Scholar (Academic Scholarship) PROFESSIONAL EXPERIENCE Natural Science Research Assistant, Hendrix College June 2013 to present  Synthetic organic chemistry research and assaying the products for antibacterial activity (August 2014 to present), and microbial diversity research to monitor the recovery of a restored creek in Conway, AR (Summer 2013)  Refined lab techniques to make the experiments as green as possible, as well as to develop laboratory protocols for use in undergraduate organic chemistry and cell biology labs, respectively.  Presented organic chemistry research findings at the 249th National American Chemical Society meeting in Denver, CO, and microbiology research findings were presented at a Southern and Central Arkansas Biochemical Research Symposium in Little Rock, AR. Student Alternative Outreach Services (SOAR), Hendrix College August 2013 to present  Drafted and defended the organization’s budget as team treasurer (August 2013 to May 2015)  Current team leader: program administration e.g. mentor/mentee assigning, database updating and upkeep, mentor recruitment and training, etc.  Peer mentoring and development of a positive social environment to link the community, faculty and alienated students.  Developed, marketed and led alternative programs to cater for students not interested in the party scene or to support causes supported by the Dean of Students’ office, e.g. in February and March of 2014 we raised $12 000 to help a deaf Hendrix student have a cochlear implant surgical procedure. Grants and Projects Intern, Island Hospice& Healthcare Harare, Zimbabwe May to August 2015  Prospect research, grant proposal writing and fund raising to increase the organization’s unrestricted financial resources.  Conducted extensive literature reviews and compiled a research paper to assess the country’s needs with regards to handling Multi Drug Resistant Tuberculosis.  Drafted partnership bids directed at corporate Zimbabwe, then organized and was an active participant in these meetings.  Drafted subcommittee terms of reference for presentation to the board of directors by the executive director  Attended networking and entrepreneurial conferences facilitated by the US. Embassy in Harare, Zimbabwe. ARK Intern, ECSM (Episcopal Community Services of Maryland) Baltimore, MD June to August 2014  Helped with the completion of child health evaluations, as well as socio-academic skills analyses for new students.  Collected data and updated the organization’s client database for use in grant applications.  Attended and presented urban-homelessness research findings at two national conferences on poverty studies through the Shepherd Higher Education Consortium on Poverty (SHECP).  Researched and updated a resource directory for use when referring homeless persons to anti-poverty service providers like free clinics, or job training programs.  Collaborated with HealthCare for the Homeless, a non-governmental organization, in advocating for comprehensive and accessible medical and dental care for the homeless, particularly children. LEADERSHIP ROLES, Hendrix College  Resident Assistant (August 2013 to May 2015), Head Resident Assistant (August 2015 to May 2016)  Ngoma Africa Students Association: Vice President (March 2014-present)  College Conduct Council: Student Representative (Aug 2014 to May 2015)  Committee on International & Intercultural Studies: Student Representative (Aug 2014 to May 2015)  International Club: Events Coordinator (August 2012 to May 2014) SKILLS Technical: Microsoft Office, SPSS, Mathematica, Social Media Languages: Shona and Ndebele (native speaker), English (professional), Chinese (elementary)
  • 32. Olivier Kwizera 1600 Washington Ave, Conway AR 72032 kwizoliv010@gmail.com, (+1) 501-766-4945 EDUCATION: Hendrix College, Conway, AR Cumulative GPA: 3.90 Major GPA: 4.0 Majors: Bachelors of Arts, Computer Science/ Mathematics, B. A Expected Graduation: May 2017 Relevant Coursework: Data Structures and Object Oriented Development, Scalable Software Design and Development, Databas- es and Web Systems, Algorithms and Problem Solving Paradigms, Mathematical Models, and Computer Systems Organization. HONORS and AWARDS • Rwandan Presidential Scholar ’13 : A four-year full tuition undergraduate scholarship offered by Hendrix College in col- laboration with the Government of Rwanda. • McHenry-Lane Mathematics Award ’14 : “Offered to the freshman with the highest achievement in the calculus sequence.” • The Hardin Hall Outstanding Citizen Award’ 15: “Presented to the resident of Hardin Hall who, in the estimation of his peers, has done the most for his hall and fellow residents and has best exemplified the standards and ideals of Hendrix College.” • Residence Life Rookie of The Year Award’ 15: “Presented to the standout Resident Assistant (RA) of the apartment com- munity who volunteered more than his or her fair share work in improving the community.” PROFESSIONAL EXPERIENCE IT Services Student worker, Hendrix College May - August 2014 • Installed and performed updates on about 150 new computers in several school computer labs • Participated in the process of moving from an old office to a new office by helping to set and structure up the new office • Consistently performed technical computer problems fixes as they came from students and staff Math Help Center Tutor & Homework Grader , Hendrix College August 2014 - Present • Assists students with questions on math homework and class projects two nights a week. • Grades weekly math homework papers. Resident Assistant, Hendrix College August 2014 to present • Organized at least events each semester for residents of my residence hall in my efforts to build an inclusive and more educated community. • Assisted in the selection, evaluation and training of more than twenty new resident assistants • Accumulated experience in conflict resolutions, emergency situations handling, and peer management. Software Developer, Data Systems Inc June - August 2015 • Maintained the company’s website and made several key changes on the front end using HTML and CSS. • Worked on a new system that helped the company to manage all cash inflows and outflows. LEADERSHIP EXPERIENCE Ngoma Africa Students Association, Hendrix College August 2014 to present • Established the annual Africa Day at Hendrix where we host students from several schools in central Arkansas who are interested in sharing various aspects of their African culture. • As treasurer of the club, I managed to obtain $2500 in funding from the Student Senate; and I was responsible for the allocation of that money towards several of our 2015-16 social and educational events. • As president of the club, I advocated and pushed for change in the school’s recruitment policy towards recruiting more International students especially more African students.
  • 33. VOLUNTEER EXPERIENCE New Orleans Miller Center Mission Trip March 2015 • Spent a week in the great city of New Orleans volunteering with several non-profit organizations that work to tackle prob- lems left by Hurricane Katrina. • Participated in social justice discussions with several local community organizers and church leaders. Intensive Summer Math Program in Rwanda August 2015 • Designed, successfully applied for funding, and implemented a two-week intensive math program in Kigali, Rwanda where I taught calculus to 20 senior high school students to help prepare them for a national standardized exam. OTHER CO-CURRICULAR EXPERIENCE Hendrix Soccer Team 2013-14 Residence Life Social Committee 2014-2015 PI MU Epsilon mathematical society’15- Multicultural Development Committee Treasurer 2015-16 Cultural Connections Committee 2015-2016 SKILLS Technical: Java, Python, C, Javascript, HTML, CSS, Mathematica, Android OS, Latex, Github, Microsoft Office, Social Media. Languages: Kinyarwanda (native proficiency), English (professional proficiency), French (limited working proficiency) REFERENCES Dr. Sarah Lee Hall Dr. Ze’ev Barel Coordinator of Rwandan Presidential Scholarship, Hendrix College Professor of Mathematics, Hendrix College HallS@hendrix.edu barel@hendrix.edu