FoodsPass

Eat smarter with 4-40% cashback!

FoodsPass

Eat smarter with 4-40% cashback!

Newport Beach, CA
Financial Services
Food & Beverage
FoodsPass is a next-generation payment card and savings club for food. With one pass for all your foods, always get the best deals and never ask yourself “What's to eat” again!

$48,914

raised
56
Investors
$12.5M
Valuation
$1.97
Price per Share
$248.22
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$48,914

raised
56
Investors
$12.5M
Valuation
$1.97
Price per Share
$248.22
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into FoodsPass:

$248+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$250+
Investment
COFFEE & DONUTS
Free membership for 1 year + $10 Dunkin Donuts eGiftCard or our Virtual Visa®. PLUS we’ll donate 1 meal to a family in need.
$500+
Investment
GET JUICED
5% bonus shares + $50 Jamba Juice eGiftCard or our Virtual Visa® + Free membership for 1 year. PLUS we’ll donate 10 meals to families in need.
$1,000+
Investment
PIZZA PARTY
7% bonus shares + $100 Papa John’s eGiftCard or our Virtual Visa® + Free membership for 2 years. PLUS we’ll donate 20 meals to families in need.
$2,500+
Investment
FILL THE FRIDGE
10% bonus shares + $250 Kroger eGift card or our Virtual Visa® + Free membership for 2 years. PLUS we’ll donate 50 meals to families in need.
$5,000+
Investment
FEED THE HUNGRY
10% bonus shares + $250 FoodsPass Virtual Visa® card + Free lifetime membership. PLUS we’ll donate 500 meals to families in need.
$10,000+
Investment
FOODSPASS, INC.
10% bonus shares + $250 FoodsPass Virtual Visa® card + Free lifetime membership + VIP corporate access. PLUS we’ll donate 500 meals to families in need.

Reasons to Invest

FoodsPass was recently shortlisted for “Most Fundable Company 2021” by Pepperdine University, the Techstars x Western Union Technology Accelerator and the Kroger Innovation fund.
FoodsPass aims to capture a $115B serviceable obtainable market, which is roughly 10% of the $1.62T serviceable addressable market (US food and beverage purchases 2020).
FoodsPass already has a waitlist of 5,000 and has signed marketing agreements to work alongside popular food and beverage brands like Kroger, Starbucks, Recess Drinks & 60 more.

The graphics shown on this campaign page contain images of FoodsPass' beta app which is currently not available for general use. FoodsPass' is currently pre-revenue.


The “future of food” 

FoodsPass is made up of a team of global fintech specialists, entrepreneurs, and foodies. We connect communities to more affordable food, whether that’s at the grocery store, farmer’s market, dining out, delivery, or more! FoodsPass uses data to advocate for sustainable supply chains, for the people and the planet.

With our US launch this year, and thousands of active members required to reach profitability, we believe in the power of crowdfunding to get us to the next big milestone, while creating wealth for our early investors.

The Problem


The missing layer of our foods ecosystem

The average American spends more money on food than entertainment, health care, personal insurance, and education. We want to save money on it, but juggling different retail choices, apps, coupons, credit cards, and points eat into our time.

The emergence of large food-technology brands in the last 5 years has fragmented a delicate ecosystem, leading to inflated costs for consumers, and pushing small business owners to the verge of bankruptcy without offering a streamlined payment and savings solution to save more on everything we eat.

Source 

The Solution


Eat now, pay later, save more

FoodsPass isn’t just another rewards program. We’re brand, retailer, and product agnostic. This means members can always access the best deals, no matter where they go to eat. Our members earn an average of $950 per year, with 4-40% standard cashback on all food & beverage purchases. Finally, seamless savings, every time!

*The above graphic contains images of our beta app which is currently not available for general use

The Market


Our target market is worth +$100 billion 

We aim to capture a $115B serviceable obtainable market, roughly 10% of the $1.62T serviceable addressable market (US food and beverage purchases 2020), with a global brand opportunity of over $16.55T total addressable market size (Global food & beverage purchases 2020). 

FoodsPass is a truly unique, turnkey “fintech” opportunity, which we believe will yield major returns for our SEED investors!

Our Traction


Partnerships in place with major industry players, alongside a waitlist of thousands

Most recently, we’ve signed marketing agreements to work alongside popular brands like Recess Drinks, Starbucks, and Kroger. We’ve been able to organically leverage social media, email campaigns, and guerilla marketing into a waitlist of over 5,000 and were recently shortlisted for “Most Fundable Company 2021” by Pepperdine University, as well as the Techstars x Western Union Technology Accelerator. FoodsPass also intrigued Shark Tank’s Kevin O’Leary and was invited to solicit SEED funding with StartEngine, when we pitched our product on Clubhouse.

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Our CEO holds a key relationship with a UK fintech enabler backed by Visa®, and we’re currently securing BIN Sponsorship with a major US bank, positioning us to be the first fintech in America using these superior UK technologies. Our CTO is currently developing an elegantly simple app to accompany our deals database, and Visa cashback card as we strategically plan our product launch by the 3rd quarter of 2021. 

What We Do


Disrupting the digital couponing ecosystem used by over 145M Americans

FoodsPass goes beyond what a typical savings app or broad-use credit card can do, automating an antiquated redemption and cashback process that is currently the status quo in the offline/online world of food. In creating the first payments card dedicated to food savings and largest searchable database of food deals, our proprietary technology analyzes relevant transactions against aggregated offers, and seamlessly issues the highest cashback in the industry, without any further steps required.

*The above graphic contains images of our beta app which is currently not available for general use

The Business Model


A uniquely blended business model that profits from multiple revenue streams

FoodsPass generates revenue when our credit cards are used, either through interchange fees paid for by merchants who accept our cards or as a percentage of return on any interest rates or membership fees. We also accrue advertising revenues, through coupon redemption, affiliate fee earnings and targeted advertising packages.

Connecting savings-hungry members with data-hungry brands, FoodsPass serves as a discovery platform for our food and beverage partners. As you get paid to eat, our intermediary marketplace will increase in value as we leverage member purchasing power around data to provide more accurate predictions of food-purchasing trends, yielding profits for all.

How We Are Different


Building community, simplifying food savings, and upsetting industries from fintech to food!

We are confident in our ability to cost-effectively stand out with unique marketing, profitable partnerships and strong branding. Discount clubs, digital coupon platforms, and other savings-related programs are available for those who want to save, but with FoodsPass you get the convenience of saving on everything, with one streamlined solution.  


At a time when brands are trying to divide and box us in by race, gender, lifestyle, dietary and political preferences, FoodsPass is bringing people together through a shared affinity of food! 

The Vision


Bringing people together, while building a better future, one bite at a time

Our aim is for FoodsPass to become the “top of mind” solution for food payment/savings across the US, within 18-24 months. We plan to achieve this by building a strong community of foodies who refer their friends to our app at FoodsPass.com 


Within 48 months, we believe FoodsPass has the potential to help 100 million Americans eat smarter, while advocating for sustainable supply chains, donating meals, minimizing food waste, and maximizing community spending!

OUR LEADERSHIP


A diverse team that holds extensive experience across disciplines

At FoodsPass, our executive team is made up of diverse finance, legal, compliance, performance marketing, and business development executives, as well as web engineers and designers with extensive experience managing complex projects for lifestyle and corporate brands worldwide.


We’re in active communications with a major US bank, award-winning UK technology enablers, and top-tier VC firms like Sequoia Capital.

Why Invest


2021 is the perfect storm and we’re ready for hypergrowth!

Trending Google searches for “best credit card for groceries” prove that there is unmet demand for a product like ours. At FoodsPass, we’re building a unique platform for food savings, at a time when some of the best finance and tech investment opportunities are emerging! We believe FoodsPass offers the kind of dynamic business opportunity that sophisticated fintech investors crave. 

*The above graphic contains images of our beta app which is currently not available for general use

With key partnerships in place and an aggressive launch strategy, we believe that FoodsPass represents the future of food savings and we look forward to growing a profitable business together!

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Quick Insert

Offering Summary


Company

:

FoodsPass, Inc.

Corporate Address

:

4533 MacArthur Blvd. Suite A-2193, Newport Beach, CA 92660

Offering Minimum

:

$9,999.72

Offering Maximum

:

$1,069,999.59

Minimum Investment Amount

(per investor)

:

$248.22











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

5,076

Maximum Number of Shares Offered

:

543,147

Price per Share

:

$1.97

Pre-Money Valuation

:

$12,510,386.50











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Time-Based

Friends and Family Early Birds

Invest within the first 48 hours and receive an additional 15% bonus shares.

Early Bird Bonus

Invest within the first two weeks and receive an additional 10% bonus shares.

Amount-Based*

$250+ | COFFEE & DONUTS

Free membership for 1 year + $10 Dunkin Donuts eGiftCard or our Virtual Visa®. PLUS we’ll donate 1 meal to a family in need.

$500+ | GET JUICED

5% bonus shares + $50 Jamba Juice eGiftCard or our Virtual Visa® + Free membership for 1 year. PLUS we’ll donate 10 meals to families in need.

$1,000+ | PIZZA PARTY

7% bonus shares + $100 Papa John’s eGiftCard or our Virtual Visa® + Free membership for 2 years. PLUS we’ll donate 20 meals to families in need.

$2,500+ | FILL THE FRIDGE

10% bonus shares + $250 Kroger eGift card or our Virtual Visa® + Free membership for 2 years. PLUS we’ll donate 50 meals to families in need.

$5,000+ | FEED THE HUNGRY

10% bonus shares + $250 FoodsPass Virtual Visa® card + Free lifetime membership. PLUS we’ll donate 500 meals to families in need.

$10,000+ | FOODSPASS, INC.

10% bonus shares + $250 FoodsPass Virtual Visa® card + Free lifetime membership + VIP corporate access. PLUS we’ll donate 500 meals to families in need.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

FoodsPass will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.97 / share, you will receive 110 shares, meaning you'll own 110 shares for $197. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Voting Rights of Securities Sold in this Offering

Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

The Company will not incur any irregular use of proceeds.


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Cash And Cash Equivalents
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Accounts Receivable
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Short Term Debt
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Long Term Debt
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Revenues And Sales
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Costs Of Goods Sold
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Taxes Paid
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Net Income
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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

We are here at Groceryshop 2021!

8 days ago

We're thrilled to join a community of innovators in the FinTech and FoodTech industries this week at Groceryshop 2021 in Las Vegas. FoodsPass will be making connections with industry leaders and forming new retail partnerships. We have confirmed meetings with many influential brands and corporations including Coca-Cola, Budweiser, Kroger, and more. 

Over the next few days, we're discussing the future of food and how we can best meet our customer's needs. We will be presenting our new brand portal, as well as the FoodsPass app, and sharing how we plan to work together with food and beverage companies to support growth and digitize their promotions on our platform for free.

We've been looking forward to finishing up our investor roadshow here at Groceryshop and keeping the momentum going as we get closer to our full launch. Our founder and CEO, Travis Matthew, was featured on MarketScale in an interview where he discusses what we are excited about at Groceryshop. You can watch that interview and read the article here


We’ll see you next Monday, September 27th at 9am PST for our StartEngine Investor Webinar!


Don’t forget to join us on September 27th at 9am PST for the StartEngine Investor Webinar!

12 days ago

FoodsPass was featured in the Orange County Business Journal this week alongside other promising startups discussing our investor roadshow & where we're headed. Next week we head to TechCrunch Disrupt 2021 to talk with industry partners & investors on the future of FoodsPass. TechCrunch Disrupt is the place for innovative startups to make connections & share their ideas. Every day we get closer to issuing FoodsPass cards to a growing waitlist of ~10,000 & we couldn't be more excited! 

We look forward to sharing updates from the investor roadshow, the debut of our new app, B2B brand portal & more! This webinar will include a Q&A session for investors to talk to our team about any questions you may have.

If you're thinking about investing, you won’t want to miss this webinar, so please join us on September 27th at the link below.


StartEngine Investor Webinar

Sep 27, 2021 09:00 AM Pacific Time (US and Canada)


Click Here:

https://zoom.us/j/95157406326?pwd=K1dIMVF6dllGbXB4K1ROOENrOUNrZz09


Meeting ID: 951 5740 6326

Passcode: c1shzM



Debuting our new iOS App & Brand Portal at TechCrunch Disrupt 2021!

15 days ago

We have an exciting announcement to make as we help members save more and keep them coming back when they're hungry. FoodsPass was just described by the VP of Marketing for Chicken of the Sea International as an “interesting way for our brand to be more disruptive and distinctive.” 

As the missing layer in the global foods ecosystem, we’re partnering with industry leaders to create a streamlined solution for our members to save anywhere they shop for food. Alongside our free iOS App & searchable deals database, we're thrilled to debut our upcoming Brand Portal, where food & beverage brands can digitally upload & maintain their deals for free. 

FoodsPass gives the power to the brands that we work with to update their customers on what’s going on in their own store, enforce brand loyalty & build community by donating meals to families in need. FoodsPass is truly a partnership that benefits everyone.

We look forward to growing alongside you. Together, we are the future of food. 

ALSO: Our Investor Webinar is on 9/27, so please save the date!



Mark Your Calendar for the StartEngine Investor Webinar on 9/27

about 1 month ago

We appreciate your support so much & want to keep you in the loop on progress made these last few months at FoodsPass. Thinking about investing but still have more questions? Please join in, we’d love to hear from you!

In this webinar, you’ll meet our CEO, CTO, CFO & many others that are the heart & soul of FoodsPass. We’re passionate about our mission of sustainable & equitable access to affordable food & can’t wait to share.

We plan to give a full update on what we’ve been up to & where we’re heading. The webinar lands just after our Investor Road Show in September where we’ll be at two major events of the year, TechCrunch Disrupt & Groceryshop 2021. FoodsPass is gaining momentum & isn’t slowing down anytime soon.

As some of our first angel investors, we look forward to seeing you on September 27th & welcoming you to the club!



Notice of Funds Disbursement

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, FoodsPass has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in FoodsPass be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Now Beta Testing on iOS!

about 1 month ago

After 3 months of engineering, FoodsPass CTO Toni Santos Balbi has deployed our first iOS app in the Apple App Store, which was just featured on ProductHunt! Check us out in the App Store HERE.

As one of the first 100 investors in FoodsPass, you're personally invited to beta test our new App UX. If you have an iPhone, your feedback will provide us a wide variety of unique perspectives, to help refine our product ahead of the brand launch!

Please feel free to e-mail us your feedback & say hello anytime: hello@foodspass.com

We're building the largest searchable database of deals on food & just onboarded Ghirardelli & illy this week, plus we set up over 10 meetings with America’s largest grocery store chains. We aspire to connect communities to more affordable food & continue to partner with brands who share our vision. 

FoodsPass is the missing layer in the global food ecosystem & we're bringing people together through a shared affinity for food. Plus, every time you use FoodsPass, we donate meals to families in need. As the first Visa® cashback card dedicated to food savings, we’re pleased to announce our debut at TechCrunch Disrupt 2021 on September 21-23.

Together, we are the future of food. Eat Smarter!



Almost $50,000 raised on StartEngine!

about 2 months ago

As we surpass our first 50 investors, we're almost at $50,000 raised on StartEngine alone, which will be intelligently deployed to further our mission. 

We created FoodsPass because we believe that everyone should have access to quality food, regardless of the amount of money in their bank account. It's our intent to fix the broken model of food supply in America, by using our data to advocate for sustainable supply chains for the people & the planet.

We believe there is a better way to do business that benefits corporations, consumers & the environment. Please join us today!


Eat good, do good, feel good!

2 months ago

Because of the StartEngine investor community, we’ve not only raised $40k in under 30 days, but also donated over 2,000 meals on your behalf! Our goal is to become the #1 food savings solution in America, but when you pay with FoodsPass, we're also helping to ensure our communities have access to affordable food. 

As our legal team develops our compliance strategy with the host bank, we're preparing for discussions with our UK technology partners next week & just confirmed that we'll formally debut our app this September at Tech Crunch Disrupt, where FoodsPass is a featured fintech startup!

Since launching this campaign, we've already heard from dozens of VC Firms, Angels & Family Offices that are excited about FoodsPass. Our business development team has been working hard as well- we've just been approached by a large Restaurant POS vendor that is interested in a partnership or license with FoodsPass. 

We'll keep you updated & can't thank you enough for your support. If we can duplicate our Month 1 Success on StartEngine, we believe we'll be in a great position to thrive, so please share our big vision with any other investors in your network because together we can create the future of food! 



Notice of Funds Disbursement

2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, FoodsPass has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in FoodsPass be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

"An Intriguing Business," Says Kevin O'Leary

2 months ago

We're pleased to see FoodsPass featured on major financial website MarketWatch:

https://www.marketwatch.com/press-release/foods-pass-an-intriguing-business-says-kevin-oleary-2021-07-07

As we continually refine our brand website/waitlist, we're currently going through the Google/Apple app submission process. Our first app will be launching soon with the largest searchable database of food deals & we can't wait to share.

While we prepare for discussions with the host bank today, we're excited to formalize the program dynamics around our dedicated cashback card, which will offer even more savings & create an entirely new market. 

We're uniquely merging food & finance, with a world-class team that is ready to execute our vision at the highest levels. We deeply appreciate your support, as your investment allows us to bring FoodsPass to life!



Happy 4th!

3 months ago

Hope your weekend is off to a great start.

Today, our Founder & CEO was featured on Bay Area News Channel 4 KRON, to discuss what we're doing with FoodsPass.

There's plenty more to come, so please take a look & enjoy your 4th!


FoodsPass x StartEngine

3 months ago

Hello,

My team is beyond excited about our launch on StartEngine! We all believe in the power of having early members become owners in the business. Over the past week, we’ve already been approached by several VC Firms that are also excited about FoodsPass- keen to start the dialogue for our Series A, after our app launches & our Seed financing is formalized throughout Q3 ’21

In our opinion, we are a truly unique start-up that's bringing change to several industries. When we look to where we believe the market is heading & how technology has affected many areas of our lives, we think that our streamlined payment & savings solution is something special & we're committed to placing FoodsPass at the center of American culture.

Next week, FoodsPass will be showcased at the Emerging Fintech Forum- July 7th, 2021. There's no cost to attend virtually, so please consider this an invite & feel free to register today @ www.efintechforum.com

Thanks again for all your support, we can’t build a highly profitable business without the support & belief of people like you.


Respectfully,

Travis Matthew Siflinger

Founder & CEO



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