DiscountCell is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$500.00 minimum investment

DiscountCell

Technology Solutions for the Government

Small OPO
Provo, UT
Technology
US Investors Only
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We're Vendors of IoT Hardware On The Largest State, Local, and Education Contract In The U.S.

We've Seen A 269% Revenue Increase In the Last 5 Years, and That's Just The Beginning

Invest In DiscountCell

DiscountCell provides Internet of Things (IoT) hardware, SD-Wan, cell phone accessories, tablet accessories, and other cellular-based hardware to government entities across the nation. 


We're a part of the NASPO ValuePoint Wireless Contract which is a $7B contract for State, Local and Education (according to NASPO ValuePoint Revenue Reports). 21 States have chosen to sign an agreement with us to provide cell phone and tablet equipment and accessories. That means, when states, educational organizations, and local governments are looking to update and outfit their cellular capabilities beyond what the providers can offer - they turn to us. 


We make it easy for government carrier reps to add lines on hardware not offered directly by the carrier, helping public agencies to upgrade their cars, offices, traffic signals and any other equipment they might need.

We've Grown Immensely In The Last Several Years, And we believe The Growth Of The IoT Market Means We Are Likely to Continue To Expand

Invest in DiscountCell! 

As government entities move toward implementing public safety practices dictated by FirstNet, we'll be right there to outfit their every need. In 2015, FirstNet (The First Responder Network Authority) came to be - with an aim to establish, operate, and maintain an interoperable public safety broadband network. DiscountCell plans to be an integral part of this rollout, which will likely create significant demand for the products we offer - and our contract provides a simple purchase path - for which congress has allotted $7B (according to source). Help us help half of the U.S. stay connected.


The Offering


Convertible Note | Minimum $500 Investment


Note converts to Non-Voting Common Stock when the company raises a minimum $4,000,000 in a Qualified Financing

Maturity Date: December 31, 2020.    

Annual Interest Rate: 2%

Valuation Cap: $7,000,000

Discount Rate: 10%

(see Terms section below for additional information)


Perks*

$1000+ Discount code for 30% off products at Discountcell.com

$10,000+ Skype phone call with founder

$50,000+ Dinner on us with founder at your location (continental US only).

*All perks occur after the offering is completed.

Quality-Tested Internet of Things Products For Governments, Corporations, and Individuals

We Believe Our Government Contracts Mean Rapid Growth in the IoT Industry

In 2011 we began to focus on government contracts. That's when our real growth started to happen. Our NASPO Contract (formerly WSCA) means we're the go-to vendor for public agencies in 21 states across the nation. NASPO's the most recognized name in government contracts, and winning that bid was huge for our company. We believe that in the next few years the market for routers (which we provide) will quadruple as carriers turn off 2G and 3G services.


We believe that 100M routers will be left obsolete, and will need to be replaced. That's where we come in. 


DiscountCell will be an integral part of upgrading devices to be compatible with ever-changing spectrums, and, to our knowledge, we're the only non-carrier providing these products on our contract (carriers include T-Mobile, AT&T, Sprint, and Verizon).   This puts us in a prime position, since our contract provides the easiest purchasing path, ensuring we'll maintain our foothold.

We've Had Massive 5-year Revenue Growth

Our annual revenue has grown from over $600K in 2013 to more than $2M in 2017. And since 2017, our revenue has doubled again.

The Internet of Things Market Is Growing - Which Means Our Market is Growing 

With Contracts in place to provide these products to almost half of the United States' public agencies, each small upgrade toward integral IoT systems means we'll be tasked with outfitting our contracted customers with the latest tech they may need. And as tech continues to evolve, we'll be there to continue upgrading our consumers.

By 2020 There Will Be Over 25B Units Connected To the Internet

Gartner Research

The Americas account for the largest regional segment of the global commercial router market

Abhishek Sharma

Lead Analysts at Technavio

The wireless router market is expected to grow over $161B by 2025

Laura Wood, Senior Manager

ResearchAndMarkets.com

"So is IoT real?  Let me put it this way as veteran of a 30 year PLM career that served me well.  If I were a young person just getting started, I would have no problem hitching myself to this star and riding it for a long, long time." 

Invest In DiscountCell

We Need Your Help To Keep Up With Our Rapid Expansion. Join us!

We've had a 269% revenue growth in the last 5 years. And since 2017 our revenues have grown 100% again. 


Invest in DiscountCell as we grow with this booming industry. We'll use the funds raised from this Startengine campaign to increase our sales team, and give ourselves the bandwidth we need to continue our rapid expansion. 


We look forward to connecting with you!

Offering Summary

INVESTMENT OPPORTUNITY

Convertible Promissory Notes

Note converts to Non-Voting Common Stock when the company raises $4,000,000 in a qualified equity financing

Maturity Date:  December 31, 2020

$7,000,000 Valuation Cap

10% Discount Rate

2% Annual Interest Rate*

*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below

Maximum $107,000 of Convertible  Notes 

Minimum $10,000 of Convertible  Notes 


Company
Discountcell Inc
 

Corporate Address
350 W 500 S, Provo UT 84601
 

Description of Business
Supplier of cellular based hardware and accessories
 

Type of Security Offered
Convertible Promissory Notes
 

Minimum Investment Amount (per investor) 
$500









What is a Convertible Note?

These convertible promissory notes offer you the right to receive Non-Voting Common Stock in Discountcell. The number of shares you will receive in the future will be determined at the next equity round in which the Company raises at least $4,000,000 in qualified equity financing. The highest conversion price per share is set based on a $7,000,000 Valuation Cap or if less, then you will receive a 10% discount on the price the new investors are purchasing.  You also receive 2% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive Non-Voting Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding common shares of the Company as of immediately prior (on a fully diluted basis).  See pages 8 and 9 of the offering document for additional information on the terms of the convertible promissory notes.


Perks*

$1,000Discount code for 30% off products at Discountcell.com

$10,000Skype phone call with founder

$50,000+ Dinner on us with founder at your location (continental US only).

*All perks occur after the offering is completed.


The 10% Bonus for StartEngine Shareholders

Discountcell Inc will offer a 10% bonus on the annual interest rate for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.

StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering if they invest within a 24-hour window of their campaign launch date.  For example, if invest in the first 24 hours, your annual interest rate will be 2.2% instead of 2%.   

This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$398,936.49 USD
$286,993.62 USD
Cash And Cash Equivalents
$106,197.79 USD
$104,522.85 USD
Accounts Receivable
$166,932.48 USD
$22,290.90 USD
Short Term Debt
$120,793.36 USD
$114,400.00 USD
Long Term Debt
$557,764.69 USD
$428,778.00 USD
Revenues And Sales
$2,093,617.74 USD
$2,096,085.66 USD
Costs Of Goods Sold
$1,729,479.71 USD
$1,699,259.89 USD
Taxes Paid
$42.24 USD
$143.42 USD
Net Income
$24,028.77 USD
$56,172.45 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Record Week

2 days ago

We have had some good weeks this year but nothing like the week ending today.  Revenues for the week of Oct 7th-13th were 1.7 times our average monthly revenue last year.  We do not anticipate the coming weeks to be this good but we love it when it happens.   Enjoying our growth in 2018.

Self Driving Car Guest WiFi

5 days ago

In partnership with one of the carriers, we placed test unit routers with a major self driving car player.  Routers will be used to provide guest WiFi in the self driving vehicles.  Provides security needed for network segregation between guest WiFi and vehicle data.  Great opportunity in our growing corporate and business customer base.

New State Contracts Added

6 days ago

Two additional states have signed state-wide contracts with us!  Kansas and Oklahoma have both signed contracts based on large dollar acquisitions state agencies needed to make.  Now all public agencies and organizations in these states can make purchases quickly and easily using the new state contracts.  

We are in discussion with two more states at this time and meeting our goal or 4 additional state contracts by the end of the year is looking good.

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