GolfBoard is in live offering mode and is actively accepting 506c investments from accredited investors only.
$2,500.00 minimum investment

GolfBoard

Surf the Earth!

506c
Bend, OR
Transportation
US Investors Only
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GolfBoard 506c Offering  Now Open

With nearly 3,000 GolfBoards used daily on over 275 golf courses in 11 countries, the contagious attraction of “Surfing The Earth” from shot to shot has been demonstrated  worldwide. Now drafting off GolfBoard's proven success, plus the global brand awareness created by more than 70 million GolfBoarding viral videos views, Sol Boards Inc (the makers of GolfBoard) is now seeking funding to leveraging its unique proprietary technology to expand in to the $15 billion adjacent electric scooter marketplace.

We're Reinventing Personal Mobility

Positioned as the next Facebook or Apple, Nasdaq.com Street Authority Joseph Hogue predicts Sol Boards Inc (the maker of GolfBoard) has the potential to "return 1,000% or more".  "The industry' s first innovation in 85 years", the GolfBoard has now generated nearly $14M in sales.  With the recent introduction of the ResortBoard and  BeachBoard, the company will leverage its proprietary technology to penetrate the $15 billion electric scooter marketplace. 


With extensive recreational, commercial, and other applications for its highly differentiated product offerings, Sol Board Inc is touted as a startup with no competition, that “can take fast market share in a multi-billion dollar industry… that’ s going to reward early investors”. Strong early stage investor support made Sol Boards' crowdfunding landing page (at Fundable.com) the most visited ever. 


Having successfully raised over $1.9M in equity capital already, Sol Boards Inc is now again partnering with Start Engine to offer accredited investors the additional opportunity to purchase its stock at a price of just $1.25 per share. With already 170+ investor indicating interest in investing over $3M in Sol Boards Inc., and with only 800,000 shares remaining in the company' s 506 C offering, we expect this offering to quickly be fully subscribed.


Invest Now

$1.25/shares | $10.2M pre-money valuation

When you invest you benefit as the company valuation exceeds its current valuation of $10.2M. 


Minimum Investment 2,000 shares / $2,500

Investment opportunity available only to accredited investors, with $2,500 minimum investment.

Don Wildman, Founder of Bally Total Fitness and Inspiration for GolfBoard

Sol Board's Mission

Sol, which is an acronym for "Surf On Land", is the fundamental purpose of Sol Boards Inc. One of the Company’s original co-founders, legendary big wave surfer Laird Hamilton, was instrumental in forming Sol Boards because he envisioned that the Company's diversity of boards would, “allow riders to experience the land in a whole new way, by creating a rhythm and flow of movement through a green canvas, much like the experience surfing the ocean, but now on the earth”.


Laird’s longtime friend and business partner, Don Wildman, who is an avid snowboarder, plus created and grew Bally Total Fitness to a $1B+ revenue company, was co-founder and an early stage investor in Sol Boards. He believed that Sol Boards offerings would, “allow golfers, or anyone who rides our boards, the opportunity to have the same sensation of snowboarding, but now in the summertime, on the golf course or anywhere someone wants to go


With board sports already a massive marketplace, Sol Boards Inc is uniquely positioned to command significant market share. The company’s 150,000+ fans, followers, investors, and management team all agree that golf is just the beginning for Sol Boards. Someday soon, you will be able to enjoy riding our ResortBoard on ski slopes and backcountry trials at vacation destinations globally, plus enjoy BeachBoarding at ocean and lake front properties everywhere.


GolfBoarding Is Contagious

Fitter. Funner. Faster

• $6,500 retail price  

• Fleet discount price as low as $5,495 or $175/month leas

• Up to 12.5 miles per hour with SportsBoard speed boost package
• Decrease playing time by up to 50% compared to a cart
• Courses generate up to $1,500 in incremental rental revenue per mo. per board
• Already used on 275+ top courses worldwide
• Nearly 3,000 boards shipped worldwide
• Patent awarded on 3 key elements
 • Made in America

GolfBoarders are Passionate

Surfer / Entrepreneur Laird Hamilton

"I've been riding the world’s biggest waves my entire life, and played a major role in the evolution of surfboard design and new technologies. During this time I helped advance surfing to include stand-up paddle boarding, tow-in surfing , and hydrofoil boarding. This unleashed a whole new market of surfers. My passion for board sports advancements made me want to explore taking the surfing experience to land. GolfBoard is going to change the way golf is played forever and help attract millions of new fans to the game. Sol Board's ResortBoard and BeachBoard offerings have even greater potential" -Laird Hamilton, Big Wave Surfer and Serial Entrepreneur

GolfBoard Is Award-Winning and Patented

GolfBoard has won many accolades from the golf industry. We are the only US company to manufacture a single passenger golf vehicle which turns excursively by the shifting of body weight  allowing players to surf form shot to shot. The company has been awarded 3 patents for three key elements of the GolfBoard that will help maintain our market dominance of this revolutionary new vehicle.  The GolfBoard increases golf course profitability, because it will increase the number of rounds played, as well as expand the golf market by attracting millions of new players to the game.

Watch the GolfBoard in Action!

Convenient & Accessible

How It Works

The GolfBoard has been designed for years of daily operation with minimal maintenance required. The battery has up to an 18-mile range and takes about 2 hours for a full charge.

GolfBoard Can Carry up to 400 lbs at up to 12.5 mph

The GolfBoard contains two motors, fully enclosed and highly water resistant. It is an all-wheel-drive vehicle that can climb nearly any kind of slope. The onboard computer is programmed to control the acceleration and deceleration while providing a smooth and safe ride. The replaceable state of the art lithium ion battery requires zero maintenance and is good for 1,000 charges or up to 5 years.

How to Ride

The GolfBoard has been designed to give the rider the sensation of surfing. The board can be controlled with one or both hands. Press the thumb throttle to start the board, and the more you press the faster it goes. Release thumb throttle to decelerate and come to a smooth stop. A rear axle parking brake is automatically engaged once stopped to keep the board in place. Just lean your body weight left or right to turn.

Safety

The GolfBoard is highly stable and easy to use due to its low center-of-gravity, automatic braking system and integrated stability bar. The GolfBoard was designed for optimal safety. Since it launch in spring of 2015, there has been no insurance claims resulting from injury or property damage with hundreds of thousands of rounds played.

Better for the Grass

GolfBoard's weight is 65% less compared to golf carts delivering 30% less turf impact. This provides meaningful reductions in ongoing course maintenance and costs, plus enables the GolfBoard to go where golf carts can't, including tee boxes and the fringe of the green.

Easy To Learn & Safe To Ride

All our boards now have a  new and improved rigid suspension system suitable for extreme off-road conditions. This suspension system advancement gives our boards amazing durability plus makes riders feel safe and secure. The non-skid rhino liner deck provides a secure surface even in wet conditions. Our adjustable shock absorption system can be customized to the riders weight and performance preferences. Our new GolfBoard Pro Model now has a 13 by 5 inch wheel package, which can climb or descend curbs and handle even rugged terrain.

Moving On To High Potential New Markets

The ResortBoard offers users off-road and street use capabilities suitable for recreational and commercial applications. Appropriately named for its application as way to tour large resort properties or trail riding at ski resorts. With detachable carry baskets for moving merchandise, tools, and small equipment, the ResortBoard is also ideal for getting around residential communities, college campuses, large commercial properties, and industrial parks. 

Designed for use on sand, gravel and lose dirt, the BeachBoard appeals to adventure sports enthusiasts looking for a high-performance experience. A stand-up alternate to ATVs, the BeachBoard expands our off-road capabilities to the beach, sand dunes, and desert trails. 

Targeting popular waterfront vacation destinations worldwide, we expect BeachBoard rental centers to become an ongoing source of recurring revenue for the company.  After nearly two years of testing and product development, the Company recently opened a BeachBoard Rental Center at Wildwood Beach, New Jersey, with an 16-board rental fleet. Additionally, the Wildwood Beach Patrol is testing the BeachBoard, with highly favorable initial feedback.


Our SportsBoard offering incorporates a speed boost package increasing max speed in order to cater to golfers looking for an adventure-sports experience. A motor controller programming enhancement allows us to upgrade the GolfBoard performance to 'sport-mode'. As GolfBoarders progress in ability, our SportsBoard offers a more advanced rider experience. With a focus on the personal use marketplace, the SportsBoard fenders, wheels, tray, and stability bar can all be custom painted, plus the deck and bumper covers can be branded with any corporate logo. Fun, fast, and exciting, our SportsBoard has already proven to appeal to individual buyers as well as attract new younger players to the game of Golf.

                                                                                                                                                                   

The Golf Industry Is Large & Growing

GolfBoard Surfs on Golf Courses Nationwide

With a retail price of $6,500, we are selling the GolfBoards to courses for as little as $5,495 via our fleet discount program.  Golf courses can also choose to rent boards for a season for $325 per month, or lease for as little as $175 per month. At just one rental per day, GolfBoards generate incremental revenue of on average $750 per board per month, and at many courses as much as $1,500 per board per month. This additional income to courses is without requiring significant upfront costs. Over 275 top golf courses worldwide have introduced the GolfBoard. 


Of the nearly 100,000 registered GolfBoard riders, approximately 40% report they come to the course exclusively to GolfBoard.  The average course with GolfBoards has attracted 150 new players, generating incremental green fees, increasing food and beverage, plus driving additional pro-shop sales. 


 Below is our market acceptance across the U.S. and we are just getting started.

Our Network of Distributors Covers the World Market

With an extensive US GolfBoard Sales rep network, plus international GolfBoard distribution in France, Canada, Spain, Australia, Indonesia, and other international markets, GolfBoard is perfectly positioned to penetrate the more than 34,000 golf courses worldwide.

GolfBoard Has Fans All Over the Globe

"If every golf course offered GolfBoards, golf would be the most popular sport in the world.” - Tina Sternberg, Golf Digest Global Golf Director


“The pace at which you can play is tremendous. Because you ride straight to your ball, it takes less than a minute from one shot to the next, and you can park within feet of the tees and greens.” - PGA’s T.J Auclair


"We’ve seen the success of GolfBoard at the handful of Troon courses who already have them, including the Westin Kierland Resort and Spa in Scottsdale, Makai Golf Course on Kauai and World Golf Village in Orlando, and we’re excited to extend further adoption of Troon destinations around the world. Offering GolfBoards is a great way to bring new people to golf, it makes rounds faster and it creates great buzz. Frankly they’re just a blast, and golfers of all ages can use them." -Kriss Strauss, VP of Sales & Marketing Troon Golf 



                                       Worldwide Media About GolfBoard                                               

Ongoing media attention has allowed GolfBoard to gain worldwide visibility and brand recognition with no investment in advertising to-date. GolfBoard national media coverage includes the Golf Channel, CBS This Morning, CNN, CNBC, Fox News, and The Wall Street Journal. 1M+ GolfBoard.com unique visitors since website launch May 2015. GolfBoard has also benefited from over 70M viral video views generating over $17.5M in earned media value. Then top viral video has been watched over 27M times.                                                   

Your Investment Will Help Us Build High Margin Recurring Revenue

GolfBoard is a revolutionary single rider electric vehicle, which has been broadly celebrated by the golf industry as the future of the game. Easy to learn and appealing to all ages, our proprietary technology is being extended to an expanding range of adjacent applications creating large new global market opportunities. We are currently seeking funding to build an online reservation and billing system plus grow our Company-owned fleet of boards, creating high margin recurring revenue and rapidly increasing our market penetration by offering rental fleets with no upfront cost.  These rental boards dramatically improve course and resort adoption, while generating a profitable stream of recurring revenue for the Company.


Product to Market

An investment in various molds, castings, and tooling will allow the company to reduce it's manufacturing cost and increase margins. The company will also invest in the design and development on an online reservation and billing system

Business Development

Our plan is to add up to 300 GolfBoards, ResortBoards and BeachBoards per year to our company owned rental fleet, generating revenue of $325 to $525 per month per board with a payback less than 12 months.

International Expansion

With global interest, and already 11 international distributors, our plan is to invest in building a worldwide distribution network with local partners in key countries to increase globally sales of all our board offerings.

We've Already Raised Over $5M from Investors


"I have invested in many companies over my more than 60 years in business, but the $700,000 I have put in GolfBoard has been my most gratifying yet."Don Wildman, Key Investor & Co-Founder. 


Bio: Largely credited for building the $15 billion+ health club market through innovative service offerings and celebrity based marketing, Don was founder and owner of Health & Tennis Corporation of America, which he sold to Bally Entertainment, where it was rebranded to Bally Total Fitness. The originator of idea of the GolfBoard, Don is Co-Founder of Sol Boards Inc., with Don's stock ownership transferred to his son, GolfBoard CEO John Wildman, is currently the Company's largest individual shareholder.


"As an early stage GolfBoard investor, I have welcomed the chance to support the growth and development of a product with such high growth potential”Star Faraon, Director 


Bio: A Sol Boards Co-founder and one of its largest shareholders. Star's lifetime vision has been to encourage the masses to experience clean and powerful electric propulsion that serves our people and planet. In the past, Star worked extensively with Quantya, an electric motorcycle company based in Switzerland. He then used his experience and expertise to develop the high performance 4-wheel skateboard that evolved into GolfBoard.


Let's Reinvent Personal Transportation  Together

Dear Prospective Investor,


With nearly 1 million rounds played, GolfBoard has established itself as a global leader in personal mobility.


GolfBoard now has over 100,000 registered riders and has attracted thousands of new golfers to the game. The worldwide demand for GolfBoard continues to expand, as courses increasingly adopt “GolfBoarding” to attract millennials, increase the speed of the game, grow rounds played and drive revenue.  GolfBoard continues to innovate and expand our golf offerings with our new high performance and more versatile GolfBoard Pro, and new Dual-Bag board for courses with caddy programs.


Concurrently, we are leveraging our patented technology, superior customer experience and global brand awareness to drive our new ResortBoard and BeachBoard offerings. Positioned to capitalize on the rapidly growing interest in alternative transportation devices, our 4-wheel drive ResortBoard is a safer, more durable, and more capable alternative to Segways and electric scooters.  Our unique BeachBoard is also highly differentiated with high-profile tires capable of traversing sandy terrain and delighting customers who want to “Surf the Earth.”


As our product development ambitions expand, so does the reach of our digital marketing, allowing us to access new revenue streams. With over 1 million unique visitors to GolfBoard.com, we will soon launch an online reservation and billing system to generate recurring revenues through our growing rental fleet. Such digital services enable us to capitalize on our market awareness and drive incremental profits for the business and for our partners, all while providing a more seamless user experience for our riders.


Four years in, we are still at the early stages of our business story. We hope you participate in this next chapter by joining our growing investor community in revolutionizing personal transportation.


Thanks,

John Wildman

Chairman & CEO

In the Press

Wall Street Journal
June 6, 2015

"Golf's latest innovation takes a page from snowboarding. Surfing The Earth down an open fairway is exhilarating" - John Paul Newport, Wall Street Journal

CNBC Squawk Box
May 7, 2015

“Its 30% to 40% faster. It’s an individual mobility device that allows you to play much quicker, because you go right to your own ball” – Andrew Ross Sorkin

HSBC Sport
January 20, 2016

Its Team USA vs Team Europe at the Abu Dhabi HSBC Golf Championship 2016

Fox News
August 7, 2015

These electric golf surfboards might be the most fun you've ever had on the golf course

Offering Summary

Sol Boards, Inc., Class B Non-Voting Common Stock

Summary of Terms of Investment

Sol Boards, Inc.

1001 SW Emkay Blvd, Suite 100, Bend OR  97702


The following summary (“Summary”) outlines the terms of a proposed investment in Sol Boards, Inc., an Oregon corporation (the “Company”), by certain investors (the “Investors”).  No legally binding obligations between the Company and any Investor will be created until definitive agreements are executed and delivered by the Company and the Investor, which agreements, and the Company’s governance documents, shall control in the event of any inconsistency or conflict with the terms of this Summary.

Target Investment:        This offering is for up to $2,000,000 in total investment.  

Minimum Raise:              The minimum total investment for the closing of escrow and the purchase of stock is $35,000.   After close of the Minimum Raise, the Company intends to close escrow as funds are raised up the Target Investment amount.

Target Closing Date:       The target closing date for this offering is on or before December 31, 2018, unless extended in the Company’s sole discretion.  

Investors:        Accredited investors who subscribe through StartEngine.com pursuant to a 506(c) offering.

Instrument:    The investment instrument is Series B Non-Voting Common Stock (the “Shares”).

Stock Price:      $1.25 per Share.

Number of Shares:          Up to 1,600,000 Shares are being offered as part of this offering (out of a total of 6,400,000 authorized shares of Class B Non-Voting Common Stock).

Capitalization Summary:             Immediately preceding this offering, the Company had, on a fully diluted basis, 6,640,717 Class A common stock issued or committed (including unexercised warrants and options representing 3,885,943 shares), plus 1,528,100 shares of class B non-voting stock.  If this offering is fully subscribed, the Company would have a total of 8,968,817 shares of Class A Voting Common Stock and Class B Non-Voting Common Stock (collectively, “Common Stock”) issued or committed on a fully diluted basis on closing of this offering.

It is the intent of the Company to issue an additional 4,000,000 shares of Class B Non-Voting Common Stock, at a stock price likely to be higher the the current offering price of $1.25 per share (but do not guaranty that any future equity raise will be at a greater stock price) through a Title IV offering as soon as possible following the completion of this 506(c) offering.   If both this 506(c) offering and subsequent Title IV offering are fully subscribed, the Company would have a total of 12,968,817 shares of Common Stock issued or committed on a fully diluted basis on the closing of the Title IV offer. The Company may also sell or otherwise issue additional Class B Non-Voting Common Stock or other stock in the future.

Minimum Investment:     $2,500 per Investor (2,000 Shares).

Dividends:         Payable when and if declared by the Board of Directors.  Any dividends will be paid on  Common Stock in proportion to the aggregate number of Common Stock shares issued and outstanding.

Voting Rights:      The Shares are non-voting except as otherwise required by applicable law.

Liquidation Preference:       In the event of a liquidation, dissolution or winding up of the Company, the holders of the Shares shall be entitled to receive any distributions available to the holders of Common Stock on a pro rata basis to the holders of the shares of Common Stock.

Restriction on Sale:      The Shares are subject to Market Stand-Off provisions and other
restrictions on sale.

Reports:      The Company will, for so long as is required under applicable law, file an annual report on Form C-AR within 120 days after the Company’s fiscal year end and post the report on the Company’s website.




Irregular Use of Proceeds

Up to $50,000 for the marketing and promotion of this campaign has been advanced to the Issuer by StartEngine as part of its Marketing Fund Advance Program, to be recouped by the Issuer regardless of campaign success. All advanced funds will be used in direct support of this campaign and will be verified by StartEngine. The issuer may incur other Irregular Uses of Proceeds which may include but are not limited to the following: vendor fees and salaries and/or expenses paid to the Company’s directors or officers or their friends or family, any “Administration Expenses” that are not strictly for administrative purposes, any “Travel and Entertainment” expenses, and any repayment of inter-company debt or back payments; provided however, that the foregoing fees or expenses, as applicable, exceed $10,000.

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Most recent fiscal year-end:
Prior fiscal year-end:

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

2019 Focus On Creating High Margin Recurring Revenue and Increasing Market Penetration

2 months ago

Dear Investor,

GolfBoard has reopened its 506c capital raise and is now in “live offering mode”. We are seeking funding to build an online reservation and billing system and to grow our Company-owned fleet of boards, creating high margin recurring revenue and rapidly increasing our market penetration. Our reservation and billing system will allow us to eliminate the upfront fee charged to courses and resorts, dramatically improving course and resort adoption while generating a profitable stream of recurring revenue for the Company.

GolfBoard continues to invest, innovate, and expand our golf offerings, recently rolling out a new high performance and more versatile GolfBoard Pro. The GolfBoard Pro has stronger suspension plates, plus larger 13 by 5-inch wheels for greater clearance and traction, allowing the board to climb curbs and be used on more challenging terrain. Courses and resorts find the GolfBoard Pro can be used for golf as well as sightseeing and tours, expanding the rental audience.

BeachBoard  . Dual-Bag Board . ResortBoard . GolfBoard . GolfBoard Pro

The Company has also recently introduced a new Dual-Bag Board for courses with caddy programs. The Dual-Bag Board makes caddying far more efficient and eliminates the physical demands associated with caddies having to carry multiple bags. Pebble Beach has had highly favorable results in testing our new Dual-Bag Board at The Links at Spanish Bay and at Spyglass Hill Golf Course. Our Dual-Bag Board opens an entirely new application, and will greatly broaden the visibility of our products on world class courses.

Dual-Bag Board in Test at The Links at Spanish Bay

Concurrently, we are leveraging our patented technology, superior customer experience and global brand awareness to drive our ResortBoard Offering. Positioned to capitalize on the rapidly growing interest in alternative transportation devices, our 4-wheel drive ResortBoard is a safer, more durable, and more capable alternative to Segways and electric scooters. We have seen growing interest by resorts to purchase fleets of ResortBoards for sightseeing, as well as ski resorts to offer a unique alternative to their active customers.

ResortBoard Tour Waterville Valley Resort

Our new BeachBoard is a highly differentiated product. Equipped with high-profile balloon tires, the BeachBoard is capable of traversing soft sandy terrain. This summer, our BeachBoard rental center at Wildwood Beach, NJ, generated as many as 40 rentals an hour, delighting customers who enjoyed “Surfing the Earth” in a designated terrain park designed specifically for BeachBoarding. The Wildwood Beach Patrol also found the BeachBoard to be a quiet and more environmentally friendly alternative to ATVs.

BeachBoard Rental Center Wildwood Beach, NJ

As our product development ambitions expand, so does the reach of our digital marketing, allowing us to spread our GolfBoard story while accessing new revenue streams. With over 1 million unique visitors to GolfBoard.com, and nearly 300 courses offering GolfBoard, we plan to launch an online reservation and billing system to generate recurring revenues through our growing rental fleet. Such digital services enable us to capitalize on our market awareness and drive incremental profits for the business and for our partners, all while providing a more seamless user experience for our riders.

Four years in, we are still at the early stages of our business story. We greatly appreciate the support of our current investors as well as our growing investor community in joining our mission to revolutionize personal transportation.

Thanks,

John Wildman

Chairman & CEO

2017 annual report and financial disclosures

8 months ago

To Our Shareholders and Prospective Investors,

 Sol Boards Inc., the parent company of GolfBoard (ResortBoard and BeachBoard), has filed its 2017 annual report and financial disclosures with the SEC. 

 You will see from our filing that, over the past 12 months, our team has achieved some significant milestones in advancing our “Surf the Earth” mantra. We have taken what was a unique and fresh idea and have now shipped over 2,500 boards to approximately 300 courses and resorts worldwide, generating over $12M in total revenue, which we believe only scratches the surface of the potential for GolfBoard and our adjacent verticals. The coast-to-coast adoption of GolfBoard has led our direct competitors to largely retreat from the US market, and GolfBoard has become a global brand with distribution in seven international markets.

 Our ResortBoard and BeachBoard offerings will allow us to expand beyond golf. In 2017, we successfully beta-tested our ResortBoard at several resorts on the east coast and expect even boarder adoption of our ResortBoard offering in 2018, as we target the large sightseeing and tourism markets. Our BeachBoard prototypes have also been in beta-tests for many months and we plan to test BeachBoard rental centers this summer. Both new products are higher-performance, higher-margin offerings, with recurring revenue potential. 

 In 2017 we battled headwinds related to key component shortages (mainly our custom-built lithium-ion battery pack) during our peak selling season, followed by severe hurricanes in Texas and Florida. As such, while we had a strong first quarter, we fell short of our full year 2017 sales projection. However, we remain confident in our team’s ability to execute against our business plan. The growing interest by individual GolfBoard buyers, along with increased direct-to-consumer marketing activity in collaboration with golf course management companies, represent potentially significant growth verticals. At the same time, we have also taken steps to reduce our manufacturing costs and streamline operations.

 Sol Boards Inc. is still a start-up with upside potential, and we continue to attract strong investor interest. Our recent ‘Test-the-Waters’ campaign (https://www.solboard.com/investors/) received indications of interest for another $1M+ in potential new equity investment. The combination of growing penetration of the golf marketplace, including an ever-growing database of GolfBoard users (now exceeding 100,000 registered riders), and high-potential new product offerings (with lower production costs and improving margins), ensures the building blocks are in place for growth and profitability in the years ahead.

 We are greatly appreciative of the 1,000+ individual investors who have believed in us through our journey. Thank you for your continued support. 

 To access the Company’s 2017 annual report and financial disclosures CLICK HERE . 

 John Wildman

Chairman & CEO

*The data provided in the Company’s 2017 annual report and financial disclosures is derived from our preliminary, unaudited results and is subject to change. This information may require adjustments, additions and changes to comply with GAAP, and has not been reviewed by an independent accountant. In the normal course of an audit, adjustments, including year-end adjustments, are made. These may change the results presented here, possibly in significant ways. We are unable to predict when our audited results will be available.


GolfBoard 506C Offering Fully Subscribed

10 months ago

Thank you to everyone that supported our recent GolfBoard 506C offering. With your investment, our 506C offering was fully-subscribed.

I am excited to report that January was a very productive month for the company. Not only did we successfully complete our second $1M capital raise, but we also received nearly 400 board orders at the PGA Merchandise Show in Orlando. GolfBoard is off to great start to the new year and our peak season is still ahead. With well over 500 GolfBoard orders in our sales pipeline, and with our new ResortBoard and BeachBoard offerings coming to market, we are confident 2018 will be our best yet.

Please be aware that if you invested in our 506C offering you must complete the required accredited investor verification. All investors in our 506C offering should have received an email from VerifyInvestor, with the subject line “'Verification requested by FUNDAMERICA for GOLFBOARD 506C”. VerifyInvestor is our selected 3rd party vendor and will keep all your information strictly confidential. Your investment in GolfBoard will NOT be processed UNTIL you follow the instructions in this email.

Please search your inbox for this important verification request, in case you missed it, or thought it was spam and follow the accredited investor verification instructions. If you have any questions or concerns, please email investors@golfbaord.com and / or call Investor Relations at 888-328-2841 ext. 4.

Thank you again for your continued support of GolfBoard.

John


John Wildman
Chairman & CEO
61239 Tetherow Dr. #211
Bend, OR 97702
Investor Relations: 888-328-2841 ext. 4
Mobile: 847-702-1302
john@golfboard.com
http://www.golfboard.com/

International GolfBoard Growth

11 months ago

GolfBoard continues to grow its worldwide footprint, with January new board orders from its distributors in both Spain (http://golfboardiberia.com/) and France (https://www.golfboard.fr/). The growing global deployment of GolfBoard represents huge upside potential for the company. To date, 90% of the 2,500+ boards sold have been in the US, but roughly 50% of the GolfBoard market is international.  The company expects exponential growth in foreign market orders in 2018.

With nearly 400 boards ordered at last week’s Orlando PGA Merchandise show, both domestic and international sales are off to a strong start in 2018, so now is the time to invest in GolfBoard. There are just 7 hours left to purchase Sol Boards stock at $1.25 a share. Our 506C offering is now over 95% subscribed, but our goal is to reach 100% by 11:59 PM pacific time tonight. Please share the link below with anyone that may be interested in investing in GolfBoard at our original offering price. Buy hurry, there are just a few hours left.

https://www.startengine.com/golfboard-2

Golfboard Iberia

Email: rafaelsolano@golfboardiberia.com

Teléfono: (0034) 686 744 613


BOARD DIFFUSION

81, rue Mozart / 75016 Paris

06 999 19 000

GolfBoard Attracts Thousands at Demo Day & Proves Popularity at 2018 PGA Merchandise Show

11 months ago

GolfBoard is proud to report that the Company had a very favorable response to its product offerings at last week’s PGA Merchandise show. Once again, GolfBoard demonstrated its popularity, with over 1,000 test rides at Demo day, and nearly 400 board orders over the following 3 days. At this year's PGA show over 90% of new clients decided to immediately purchase or lease, with less than 10% first opting for our GolfBoard trial or rental program. The typical order also increased from 4 boards to 8 or 12, further demonstrating GolfBoard's growing popularity.

At this year’s PGA show there where GolfBoard orders from many of the largest course management companies, such as Kemper Sports, Greenway Golf, Pebble Beach Company, and Discovery Land Company, just to name a few. We also had multiple orders for the Company's new ResortBoard and BeachBoard offerings. With the proven popularity of GolfBoard, many resorts are now embracing the Company's new products as a way to attract more guests and drive additional rental revenue.

With nearly 400 new GolfBoard orders, plus hundreds more already in our sales pipeline, now is a good time to invest. These last few days of January are the final opportunity to invest in Sol Boards, Inc. at $1.25 per share. Now more than 90% subscribed, it's still not too late to become a GolfBoard shareholder at the initial 506C offering price.

If you have friends, family members, or business associates that may be interested in investing, please forward the link below. Offering ends 1/31/18.

https://www.startengine.com/golfboard-2

Investment Closeout Notice and 2017 Shareholder Meeting Link

12 months ago

In conjunction with this year's annual shareholder meeting, Sol Boards Inc announced it will be reopening its 506C capital raise and will complete its $1M financing round. This investment is available only to accredited investors and ends Sunday, December 31st. The Company is again accepting investments at $1.25 per share, and its campaign page at Start Engine has been updated (including the posting of 2016 and year to date 2017 Income Statement and Balance Sheet, plus update projections through 2021), https://www.startengine.com/golfboard-2. The current 506(c) offering is only for the remaining 180,000 shares, so may be over-subscribed, investments will be accepted on a first-in basis. 

For anyone who would like to listen to a recording of the Company’s 2016 Shareholder meeting and view the corresponding presentation materials, the link is provided below. Separate links are also provided for the shared videos.

Sol Boards Inc. 2016 Shareholder Meeting - https://fccdl.in/qLcyobpEU

27M Viral Video -  https://www.facebook.com/ThisIsBrainy/videos/1742969555984250/

ResortBoard Video - https://www.youtube.com/watch?v=ehv759TuOEA

Testimonial Video - https://www.youtube.com/watch?v=cf-TjdU9kTM&t=24s


New Investment Notice and 2017 Shareholder Meeting Link

about 1 year ago

In conjunction with last week’s annual shareholder meeting, Sol Boards Inc announced it will be reopening its 506C capital raise and will complete its $1M financing round. The Company's campaign page at Start Engine has been updated (including the posting of 2016 and year to date 2017 Income Statement and Balance Sheet plus update projections through 2021), and is again accepting investments at $1.25 per share. The company has also announced plans to complete a Title IV offering next year to raise $3.2M, at an offering price of $2.05 a share. The current 506(c) offering may become quickly over-subscribed and Investments will be accepted on a first-in basis. The company has already raised approximately $650,000 from this 506C offering, and is accepting only an additional $350,000 of investment at the current $1.25 per share price.

For anyone who would like to listen to a recording of the Company’s 2016 Shareholder meeting and view the corresponding presentation materials, the link is provided below. Separate links are also provided for the shared videos.

Sol Boards Inc. 2016 Shareholder Meeting - https://fccdl.in/qLcyobpEU

27M Viral Video -  https://www.facebook.com/ThisIsBrainy/videos/1742969555984250/

ResortBoard Video - https://www.youtube.com/watch?v=ehv759TuOEA

Testimonial Video - https://www.youtube.com/watch?v=cf-TjdU9kTM&t=24s




GolfBoard 506(c) Offering Extended Through Friday, April 7th

over 1 year ago

To ensure our 506(c) offering is fully subscribed, the closing date has been move 1 week to Friday April 7th. This will allow investors 7 more days to purchase Sol Boards stock at the current price of only $1.25 per share. The Company anticipates the recent announcement of its $1M+ financing agreement with Golf Capital Group to fund up to 300 more company owned trial boards in 2017 (plus even more in subsequent years) will result in the over subscription of this offering. With over $650K already commitment of $1M of availability, interest investors should subscribe quickly before this offering sells out.    

GOLFBOARD FINALIZES $1,000,000+ FINANCING AGREEMENT (Press Release)

over 1 year ago

Sol Boards, Inc. of Bend, Oregon, has entered into a long-term financing agreement with Golf Capital Group (GCG) of Oklahoma City, Oklahoma, to fund the rapid expansion of the Company’s managed fleet rental program. Through its new relationship with GCG, Sol Boards will significantly increase the size of its company-owned demo fleet from approximately 100 boards today to as many as 400 boards by year-end 2017.

GolfBoard has already deployed over 2,000 boards to over 250 courses worldwide. Many of these courses initially participate in a 60-day GolfBoard trial prior to making the decision to lease or purchase. Consequently, this potential 300% increase in company owned trial boards is expected to substantially increase the volume of follow-on purchases in the years ahead.

This new rental fleet financing agreement with GCG will also help accelerate the rapid adoption of the company’s new ResortBoard offering. By leveraging GolfBoard’s proprietary technology, the company expects to quickly penetrate the $15BN worldwide electric scooter marketplace.

The massive size of this adjacent market creates the potential for popularity of the Company’s new ResortBoard offering to eventually exceed its already highly successful GolfBoard.

“This multi-year financing agreement with Golf Capital Group will enable the company to accelerate an important growth engine by allowing significantly more golf courses and resorts to try our popular new offering,” said John Wildman, GolfBoard Chairman and CEO. “Our company’s growing demo fleet will also provide high-margin recurring revenue, which we expect to contribute millions of dollars to the company’s bottom line over the next few years.”

As part of this financing agreement, Golf Capital Group has the non-exclusive rights to develop ResortBoard rental centers throughout the southeast US. These “Surf the Earth” shops in Oklahoma, Texas, Florida, and other southeast states will provide a valuable brick and mortar footprint, as well as further accelerate the company’s rapid growth.

Sol Boards, Inc. is now completing a second-round equity capital raise through its ongoing 506(c) offering which is being extended through Friday, April 7, 2017. The company has already raised approximately $1.6M so far this year, and anticipates reaching $2M by the close of the current offering.

For information on how to become a Sol Boards, Inc. shareholder and support the expansion of its revolutionary GolfBoard offering, as well as a global transformation in personal transportation, go to the company’s fundraising campaign page at https://www.startengine.com/startup/golfboard-2 .

About GolfBoard

Conceived by Bally Total Fitness Founder Don Wildman, and legendary big wave surfer Laird Hamilton, GolfBoarding is an entirely new way to experience the game of golf. The four-wheel drive, lithium ion powered electric board allows users to turn by simply transferring their body weight as if they were surfing or snowboarding. GolfBoards are highly durable and built with a safety-first mantra and are now available  in the US, Canada, Mexico, United Kingdom, United Arab Emirates, Spain and Indonesia, with distributors in Switzerland and Australia.

ABOUT GOLF CAPITAL GROUP

The newly formed Golf Capital Group is committed to supporting high-growth-potential companies in the golf marketplace. With extensive experience providing seed capital and asset-based loans in other industries, the senior management team at Golf Capital Group is directing their talents and resources to mentor innovative product offerings that will enhance the game of golf.

Business Update to All Current and Potential Investors

over 1 year ago

Dear Sol Boards Investor

With the unaudited 2016 financials now available, and with Q1 2017 about to come to a close, we wanted to provide a business update to all current and potential investors, including some general financial performance metrics from Sol Boards’ CFO, Ali Fakhari.

As detailed below, operating results are in line with our internal projections, and with the assistance of our experienced executive team including Ali,  James Williams (Chief Strategy Officer), and Jeff Dowell (President), the company is making strong traction in its capital raise activities. After a successful, and over-subscribed, Title III campaign that raised $1M in January of this year, the company is now in the middle of a 506(c) offering which is open to accredited investors. Please share the link below with colleagues and fans who would like learn more about this round of financing and our company's growth.

https://www.startengine.com/startup/golfboard-2

Sol Boards continues to expand in order to meet the needs of our core golf business and penetrate new and large adjacent non-golf market opportunities. While GolfBoard has now proven its ability to capture meaningful market share of the $500M worldwide golf vehicle marketplace, we feel our unique product offering is ideally positioned to quickly penetrate the $15B global electric scooter market. With that in mind, we have made some recent organizational changes:

1) Sol Boards’ President, Jeff Dowell, will be assuming all responsibility for GolfBoard Sales with direct oversight of all GolfBoard Territory Managers. Jeff will be focused on growing our domestic and international golf business, capitalizing on the large order backlog that was created by major golf industry trade shows in Q1.

2) So that Jeff Dowell (and our Territory Manger team) is free to focus on maximizing golf sales, we have entered into a service agreement with Microcast Technologies (via MTC's COO, Dean Fuschetti) to provide most all service labor and parts. Given the MTC Team’s intimate familiarity with our product offerings, and large preexisting service parts inventory, they are ideally positioned to provide improved quality of service while controlling costs.

3) In collaboration with our CSO, James Williams, I will head-up new business development for our non-golf verticals, creating the foundation for our non-golf business, including our recently launched ResortBoard offering. Important to the success of these efforts will be the immediate creation of ResortBoard marketing and operational support materials, as well as establishing critical beta test sites to identify best practices and prove the potential for a high return on investment.

We hope you will take time to review the extensive information provided at our 506(c) campaign page, as well as share the investment link with others who may be interested. The company has maintained our pre-money valuation of $9M for this 506(c) fundraising round, and our goal is to increase our valuation to ~$20M by year end, and over ~$100M by 2020. As such, the purchase of Sol Boards shares today has the potential for growing returns.

Below are a few highlights of our unaudited 2016 financial performance:

  • Sol Boards is on track with our projections for fiscal 2016:
    • Revenue - Achieved $4.5M in board sales, and another $250K in other revenues (e.g., service, rentals, etc.), thereby meeting our $4.7M revenue target for 2016
    • Costs - managed our cost of goods sold (COGS) to a total of $3.5M, again consistent with our production cost estimates and projections.
    • Income - Net income was -$1.25M, compared with our budgeted net income of -$1.07M, primarily driven by a difference in income tax expense and other miscellaneous expenses compared to budget.
  • Sol Boards’ goal for 2017 is to achieve $12M in sales with nearly break-even net income of -$200K.
    • Q1 sales - tremendous progress taking nearly $2M in orders at the January 2017 PGA Show in Orlando, and projecting GolfBoard sales volume of over double the prior year.
    • Resort Board launch – now developing plans to further supplement our GolfBoard offerings and target high-potential adjacent markets. Resort rentals will provide recurring cash flow.

If you have any questions, please feel free to contact our team, and we will follow-up with responses to all current and prospective investors by communicating through additional updates at our StartEngine campaign page.

Thanks

John Wildman, Chairman & CEO


Financial Projections Updated & Sol Boards Sr. Management Announces Intent to Purchase Additional Stock through This Offering

over 1 year ago

Please be aware that Sol Boards Inc. has recently updated its campaign page to include Financial Projections through 2020. You will see that our Company projects to increase revenue from approximately $3,300,000 in 2015 and $4,750,000 in 2016, to $12,250,000 in 2017.  We encourage you to look at this additional information when making an investment decision. 

Investors should also take notice that Sol Boards Inc. now has over with over $350,000 of funds subscribed through this offering, and that our Senior Management Team intends to make an additional investment of approximately $200,000 to purchase 160,000 shares of Class B stock as part of this offering. Additionally, we recently received several inquiries and questions  (see responses below) from accredited investors looking to subscribe to this offering before it closes Friday, March 31st.  

The company is proud to report that in addition to exceeding its 2016 revenue target, it is well on the way to having record first quarter sales, projecting GolfBoard sales volume of over double the prior year. Additionally, in Q1 we have started fulfilling our first ResortBoard orders, with strong positive consumer reaction (http://www.golfboard.com/resortboard/).

We are increasingly confident that our “non-golf” board offerings will provide a highly profitable growth engine for the company. The funds raised from this current offering will greatly help support the global expansion of our new product offerings.

Once again, please take time to review the newly posted Financial Projections, as well the responses to recent investor inquires provided below.

Thank you

John Wildman, CEO

Do you expect to reach the $1,000,000 offering by March 31, 2017? If you do not will you extend the time frame? When did this offering begin? 

The $1M 506-c round was launched on the StartEngine portal as of Friday, February 24th 2017 – this offering is currently schedule to end March 31st , but can be extend at our sole discretion. We recently updated our offering exhibits to include Financial Projections though 2020, so we may extend the offering a few days in order to allow current and new investors more time to review this additional information.

If you end up not meeting the $1m mark what is the company’s outlook on viability having raised the $272k so far?

The purpose of this 506-c offering round was to enable accredited investors who had oversubscribed to our successful $1M Title III capital raise to invest in GolfBoard at the same terms ($1.25/share). The company’s financial viability is not dependent on fully subscribing this follow-on 506-c raise (please reference our disclosures and financial documents)

What is your retention rate of clubs that use GolfBoard on a trial basis? Do they often purchase/lease more if they do keep them? Are any planning to get more? 

Generally, 40% of course that test GolfBoards under our 2 month trial program will opt to keep their boards or order a GolfBoard fleet for the following season. We anticipate many of the remainder will going forward choose to take advantage of our newly offered seasonal rental program (which was not available until this January).

Many courses start with a 4 board offering and then grow their offering to 8 or 12 boards (or more). We now have over 16 locations that have grown their fleets to 12+ boards (some over 30), with many more course offering the typical 8 GolfBoard package.

With our “Showcase Course” program, those courses with 12 or more boards receive preferential placement at http://www.golfboard.com/coursenetwork/. This incentive does result in “follow-on orders” from course who want to better leverage 2,000 to 3,000 daily visitors to our website looking for “where To Ride”.