For details on the bonus, please see the Offering Summary below.
The condom is one of the most-used devices to prevent pregnancy and the transmission of many STDs, according to SexEd Library. Very little has changed in its overall design for centuries. We believe the Galactic Cap will change people's understanding of the traditional condom and society's use of condoms forever.
We've designed, developed and patented a new take on the condom. It fits safely and securely on the head of the penis, leaving the coronal ridge and shaft exposed for more skin-to-skin contact, more sexual pleasure, and ultimately more condom usage. Already, we've raised over $100,000 on IndieGoGo from men and women who've been waiting for a different solution in bed.
Only 20% of men in developed countries wear condoms. Why? Because condoms are uncomfortable and get in the way of a full sexual experience. But with our new design, we are confident that percentage will change.
According to Global Industry Analysts, 27 billion condoms are sold every year. In our first three years of production, we aim to acquire 5% of the global condom market (1.35 billion units sold). We believe that by increasing condom usage (by increasing pleasure), we can tackle many issues such as unplanned pregnancy, overpopulation, and HIV.
Ultimately, our goal is to change how people perceive condoms and to heighten sexual awareness and safety!
Investment
$1.12 per share of Common Stock | When you invest you are betting the company’s future value will exceed $3.1M.
Perks*
$250.00 - $299.99 - 1 Galactic Cap condoms
$300.00 - $399.99 - 2 Galactic Cap condoms
$400.00 - $499.99 - 3 Galactic Cap condoms
$500.00+ - 5 Galactic Cap condoms
*All perks occur after the offering is completed.
John Novaria, Pricilla, Novaria Communication
After a good friend contracted HIV, I thought how could this happen? I was both shocked and worried as he was like a brother to me. Like many people, he had unprotected sex because he always found condoms to be uncomfortable.
This made me realize that there had to be a better condom design! And so our story began...
Through numerous iterations, we have designed, developed and patented a revolutionary new condom called the Galactic Cap. It is the world’s first condom that fits safely and securely on the head of the penis. Since inception, we have raised $100k on Indiegogo and refined our design.
Today, the Galactic Cap has partnered with California State University, Long Beach Engineering Department for research and testing of the product.
We believe that the Galactic Cap will shake up the condom industry and make people WANT to wear a condom.
Charles Powell, CEO and Founder
The Galactic Cap provides a solution to lack of contraceptive usage. According to the Centers for Disease Control, a traditional condom has a failure rate of 15-18%. By only covering the head of the penis, the revolutionary Galactic Cap increases sensitivity and pleasure, while also acting as a pregnancy prevention method by providing a secure reservoir to trap semen.
In the United States
Worldwide
We believe the Galactic Cap will bring pleasure back into sex in a safe method.
Since inception, Powell Development Group, Inc. has...
The Galactic Cap has a very simple application and removal process. The condom is made up of polyurethane film (which is already used in condoms), and has an adhesive that has been pre-approved by the FDA for use on skin. It fits solely on the head of the penis, increasing sensitivity during sex.
The Galactic Cap provides a solution to three traditional condom issues:
Our unique patent-pending design makes the Galactic Cap the most innovative condom in centuries
Sources: NY Times "Getting Men to Want to Use Condoms" June 24, 2013 & “Condoms: A Global Strategic Business Report” by Market-research firm Global Industry Analysts
Globally, only 5% of men use a condom. In developed nations, condom usage peaks at only 20%.
This means that at least 80% of men in the world are not using any protection!
The Galactic Cap gives men a reason to use a condom, as we believe it delivers vastly more sexual pleasure than a traditional condom. Moreover, if the Galactic Cap were to take just 5% of the condom market, it would be selling over a billion units annually.
According to BusinessWire.com, the worldwide condom market will reach approximately $9.6 billion USD, with a compound annual growth rate of more than 8.2% until 2021. The sales volume of male condoms may grow at a compound annual growth rate of 9.1% over the period 2015-2021.
The global condom-manufacturing industry has seen a dramatic shift in the consumption and sale of condoms made from different materials. The continuous innovations in both male- and female-type condoms is attracting more consumers, hence sales and revenue have been increasing as well.
We believe the Galactic Cap is the most dramatic change in basic condom design in over 400 years.
The mission of the Galactic Cap is to increase condom usage worldwide with a product that couples will WANT to wear. Through this, we aim to lower the number of unplanned pregnancies, as well as reduce the likelihood of STDs and HIV.
The Galactic Cap partnered with the California State University, Long Beach Engineering Department, to research, develop and test the Galactic Cap. Adhesion and pressure testing exceeded normal requirements by ten fold. The University has applied for National Institute of Health (NIH) and National Science Foundation (NSF) grants.
Clinical Trials
Since regulatory approval for the FDA is very expensive and time consuming, our plan going forward is to obtain regulatory approval with a CE Mark (the European equivalent of the FDA). This process will entail human clinical trials of some 100-150 couples. It will run for approximately 6-9 months, and include the appropriate documentation with an independent review board (IRB). The associated cost with obtaining the CE mark is $500,000. Since the Galactic Cap is made with polyurethane, which is already used in condoms and the adhesive has been pre-approved by the FDA for use on skin, we don’t foresee problems obtaining the appropriate regulatory approval.
With a CE Mark, we can begin selling in the European Union. The EU has great potential since it has a larger population than the United States. Additionally, we feel that the CE Mark will greatly help us get into other large markets in the rest of the world.
Once we are generating revenue from our World Markets, we can return to the US and obtain regulatory approval with the FDA. The approximate time frame and cost projected for FDA approval is 2 to 3 years and $2,000,000.
Our planned exit strategy is two fold: Once we have regulatory approval, we will begin large scale production, lower our prices, amass hefty sales volume and market share. After we meet these goals, we expect to be offered a buy out from one of our two main competitors (Trojan or Durex). If this doesn't materialize or the offer is not sufficient, we will forge ahead with our business plan and perform a reverse IPO and begin selling shares of the company on the open market.
The Galactic Cap is solely a pregnancy prevention product, and is primarily designed as condom for couples. We cannot guarantee that it prevents STDs and HIV as it does not cover the full penis. However, we feel that this revolutionary technology will help reduce three of the world’s most difficult problems: unplanned pregnancy, over-population, and help prevent STD/HIV infection.
The fact is traditional condoms do a poor job of preventing pregnancy, STD’s and HIV. Not because they don’t work but because most men don’t wear them. Our research indicates 96% of all men and women dislike traditional condoms largely because they reduce sensitivity during intercourse.
We found that only 5% of the men in the world wear a condom. In developed nations, like the United States, Europe and Japan, condom usage peaks at only 20%. It stands to reason then that at least 80% of men anywhere in the world are not using ANY protection.
This is a huge problem because over the years HIV/AIDS has killed over 30 million people. On top of that, 34 million people currently have the HIV virus worldwide, and every year 3 million more people are newly infected. Obviously, traditional condoms alone are not solving the problem. To this end, we have designed a glans sheath that we feel will increase condom usage.
Since healthy skin is a barrier to infection, the Galactic Cap may help reduce the likelihood of STDs and HIV if a man doesn’t have a sore or abrasion on his penis. Additionally, the Galactic Cap traps semen which can transmit the HIV virus. That and the increased use of condoms may bode well for the reduction of these diseases.
Watch what people are saying about the Galactic Cap!
We feel that we have the finest condom in the world based on independent, anonymous surveys with our customers. Here are some of their remarks:
“Holy sh*t, these things are amazing,”
“It was Epic. I’m ordering another 10.”
"Best condom I've used yet."
“Thrilling.”
“It was the finest condom experience I ever had.”
"I would say it's the closest thing to nothing but skin I've found."
“Easy to apply!"
“I ordered a ten pack. I've used 5 so far. Your condom is batting 5 for 5 no leaks!"
"My wife reported that she thought they were the best condom we have ever used!"
We ran a successful Indiegogo Crowdfunding campaign in 2014 for the Galactic Cap. In a little over 30 days, we raised over $100,000 from supporters in 26 countries around the world. Along the way, we generated lots of buzz. In three days, our video had over a million views! Besides the initial article in the LA weekly, we were written up in the Huffington Post, New York Daily News, UK Daily Mail, Cosmopolitan, Glamour, Askmen, Tech Crunch, DailyBuzz, Gizmodo-India, and translated into German, French and Spanish, We were interviewed on SiriusXM radio and even took some good-natured ribbing on Comedy Central. The upshot of all of this media attention has given our revolutionary, new product a great deal of consumer awareness which continues today. By the way, we used the Indiegogo funds to re-design the Galactic Cap so that it is now the finest condom in the world based on independent anonymous surveys with our customers.
2016 sales figures have gone up tremendously as we now have the finest condom in the world based on independent, anonymous surveys with our customers. Last year's sales figures went up 5 times from the previous year. 2016 total sales were $25K, which is not earth shattering. But this was achieved with a very high price of $15 - $25 per condom (because it's an expensive prototype to make) and absolutely no advertising. However, by the end of 2018, we plan to begin large scale production, lower the price to $2.50 - $3.50 per condom, obtain CE Mark approval, and commence a worldwide marketing campaign. When this happens, the $27 billion dollar condom market is in for a tremendous shakeup, given the fact that most people dislike current traditional condoms.
Condoms. Who needs 'em, right? You know, apart from any man hoping to avoid STD transmission and accidental lady pollination. So most of us, basically. Fortunately, though, their long reign as the curse of the sexually active man may soon be coming to an end.
Can the Galactic Cap take safe sex to infinity and beyond? Charlie Powell believes the Galactic Cap can change the world. It's a condom, kind of - a contoured, adhesive-backed patch of two-ply medical polyurethane, precisely shaped to stick to the head of a penis.
Have you ever wondered, "Wouldn't sex be better if my penis had a helmet?" Yeah, neither have we. But one inventor is pitching just that as a way to have a better time in the bedroom. California native Charlie Powell claims to have invented a new kind of condom that he is calling the "Galactic Cap."
Galatic Cap Pregnancy Prevention device sits on the very tip of the penis Leaves shaft exposed, boosting sensitivity and enabling easier application Comprises film that wraps around the penis and cap to trap semen But critics point out device will not protect against STIs such as herpes An American has invented a new condom which he says is stronger, safer and enables better sensitivity.
The Galactic Cap hopes to function like a normal condom without fitting over the whole penis.
There ain't nothing hotter right now than redesigning the necessary evil that is the modern condom. But while most pecker poncho redesigns tend to look at alternative materials ( hello, graphene condom), this newest one goes for an approach so minimal-it's barely even there. Some NSFW imagery follows. Beware!
Condoms are a need, not a want. So why not make them as minimal as possible? Brands have tried with the ultra-thin this and the super-sensitive that. But, so far, your options are to place an obvious barrier between you and your lover ... or not. Condoms are a huge...
Len Rowell, an Australian student who has trialled the product with his girlfriend said "Fifty percent of the head feels everything. It's pretty phenomenal."
The humble franger has not seen much change since the invention of latex in the 1920s, but Californian inventor Charles Powell says his creation is "the finest condom" the world has ever seen.
Too big, too small or not enough feeling – it all matters when it comes to prophylactics. But will a new wave of innovation make us happier in bed? The Galactic Cap, so called because “the pleasure is out of this world”, is made of polyurethane and fits over the top of the penis only.
Maximum 95,535* shares of common stock ($106,999.20)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 8,928 shares of common stock ($9,999.36)
| Company | Powell Development Group Inc. |
| | |
| Corporate Address | 2600 W. 225th Street Torrance, CA 90505 |
| | |
| Description of Business | Design, develop and market a revolutionary new condom called the Galactic Cap. |
| | |
| Type of Security Offered | Common Stock |
| | |
| Purchase Price of Security Offered | $1.12/share |
| | |
| Minimum Investment Amount (per investor) | $224 |
Perks
$250.00 - $299.99 - 1 Galactic Cap condom
$300.00 - $399.99 - 2 Galactic Cap condoms
$400.00 - $499.99 - 3 Galactic Cap condoms
$500.00+ - 5 Galactic Cap condoms
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
Powell Development Group Inc. will offer 10% additional bonus shares 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% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 112 shares of Common Stock at $1.12 / share, you will receive 11 Common Stock bonus shares, meaning you'll own 123 shares for $100. 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 for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
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.
Dear Cappers,
The Moneymaker's just arrived! Not too sexy, huh? Well, it is if you are an investor because this is the machine that is going to automate the production of our Galactic Cap. With this machine we can begin large scale production and dramatically lower the cost of our product. Additionally, we will produce G-Caps in a clean room with PIN registration. This registration sets us up for producing parts and the necessary documentation to obtain regulatory approval. Initially, we will start with a CE Mark, which grants us the ability to sell our product in Europe and 75% of the rest of the world. We'll use this revenue to obtain FDA regulatory approval, which is much more time consuming and expensive.
Thanks to you, we have raised over $102K with 7 days left to go in our Start Engine campaign. We’re shooting for our goal of $107K. Keep in mind we have the finest, most pleasurable contraceptive condom in the world. The prototyping process has been completed and with your help we can move to the next phase of the process, ultimately launching the Galactic Cap around the world.
As shareholders of our company, we want to keep you informed and involved. Even after the campaign is completed, we will routinely keep you updated on our progress. So, here are a few ways that you can help the company:
Again, here is the link to invest or share:
www.startengine.com/powell-development-group-inc
Thanks for all your help and support,
Charlie
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Powell Development Group 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 Powell Development Group 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
The Power of Women: What will happen when women demand that men wear the Galactic Cap? Because there's no excuse now for using no protection.
Power of the Purse: Since we are consistently sold out at $20 per G-Cap, what will happen when the price drops to $5 or less?
Power of Regret: What will happen when we begin large scale production and the Galactic Cap takes off and you did not invest? Don't have any regrets! Invest now:
www.startengine.com/powell-development-group-inc
Thanks for all your help and support,
Charlie
Dear Cappers,
First, we want to thank our 8 supporters for their recent investments:
James, Alexander, Clifton,
Michael, Blaz, Tanaya,
Craig & Jonathan.
It might interest you to know what the sexiest states and countries are by their interest in investing in the Galactic Cap. California is #1, followed by Texas, Colorado, and Georgia. Here are the numbers to see where your state/country ranks:
CA: 27, TX: 9, CO: 8, GA: 8, VA: 8, IL: 7, NV: 5, FL: 5, MO: 5, OH: 4, NY: 4, NJ: 4, WA: 4, OR: 3, MI: 3, MA: 2, LA: 2, KS: 2, PA: 2, MD: 2, AK: 1,WV: 1, IA: 1, UT: 1, TN: 1, MN: 1, NH: 1, HI: 1, CT: 1. Slovenia: 2, Singapore: 1, Austria: 1, Puerto Rico: 1, Malaysia: 1, Norway: 1,
Your investments helped our numbers grow to more than $97,000! But there's only 14 days left to invest, get the word out, and have your state/country move up the rankings. Here's the link to reinvest or share with others:
www.startengine.com/powell-development-group-inc
The Galactic Cap is the finest, most pleasurable contraceptive condom in the world. We simply need to obtain regulatory approval, begin large scale production, lower the cost of our product, and launch the Galactic Cap worldwide.
All the best,
Charlie
Dear Cappers,
The Galactic Cap isn't a fancy algorithm, a new boat or bike, waterproof ear buds, a micro wallet, a premium coffee maker, or a fantastic drain protector. No sir! The Galactic Cap is the finest, most pleasurable contraceptive condom in the world. It will do for condoms what the Mac did for the computer and what the iPhone did for the telephone. It is a quantum leap forward for better sex.
So, who are our customers? Every man and woman on the planet who are sexually active.
How big is the condom market? Every year, 27 billion condoms are sold worldwide.
How bad is the competition? Their product is 400 years old, has not fundamentally changed, fails 15-18% of the time, and is universally disliked by both men and women.
We have 18 days left in our campaign to reach $107K. It's time for you to be a part of history! Help us put the Cap on the Map by investing or sharing now:
www.startengine.com/powell-development-group-inc
All the best,
Charlie
Dear Cappers,
Good news: The prototyping phase for the Galactic Cap has been completed. We have solved a thorny problem with the adhesive. For several months it's been too sticky. However, the new adhesive stays securely attached, is approved by the FDA for use on skin, and comes off cleanly during the removal process. Our plan now is to complete the campaign, begin large scale production, and lower the cost of our product. We can export our product to Europe and ¾ of the rest of the world while we raise revenue, attract investors, and work for full regulatory approval for our product.
Again we have the finest, most pleasurable contraceptive condom in the world based on independent, anonymous surveys with our customers. We have 21 days left in our campaign and would like to reach $107K. Please help us put the Cap on the Map. Invest or share now:
www.startengine.com/powell-development-group-inc
All the best,
Charlie
Dear Investors,
Here's a little head-to-head competition with the traditional condom versus the Galactic Cap:
One is 400 years old, has not fundamentally changed, fails 15-18% of the time, and is universally disliked by both men and women.
The Galactic Cap, on the other hand, is the finest, most pleasurable condom in the world based on independent, anonymous surveys with our customers. They say things like:
“Holy shit, these things are amazing,”
“Charles Powell, you, sir, are a genius.”
“It was Epic. I’m ordering another 10.”
"Best condom I've used yet."
“Thrilling.”
“It was the finest condom experience I ever had.”
"I would say it's the closest thing to nothing but skin I've found."
“Easy to apply!"
“I ordered a ten pack. I've used 5 so far. Your condom is batting 5 for 5 no leaks!"
"My wife reported that she thought they were the best condom we have ever used!"
“I've tried quite a lot of condoms over the years. Settled on the Japanese sagami original .02 brand for two years. This was still much better. I would say the closest thing to nothing but skin I've found.”
“Could barely feel it. Had to check it was still secure (which it was).”
Spread the word that there's a new product about to hit the market, and help us put the Cap on the Map! Share our campaign link NOW.
All the best,
Charlie
Dear Cappers,
As you can see, we have extended the Galactic Cap campaign to reach our overall goal of $107,000. To do that, we need to find out how our investors are finding us.
First, we want to thank our 24 supporters for their recent investments:
James, Paul, Nancy, Jonathan,
Mansooklal, Brandon, Andrius, Brett,
Malcolm, Jherson, Joe, Geoffrey,
Jessica, Anton, Deborah, Luis,
Debbie, Bryan, Craig, Fernando,
Jazmine, David, John, Dan.
Second, we would like to find out how you heard about our campaign. Did you learn about us on Facebook, Twitter or Instagram? Or did you check out our website or Google us? If you Googled us, what search criteria did you use?
Your investments helped our numbers grow to more than $93,000! But there's still 35 days left to invest or get the word out. The idea behind crowd funding is to engage investors locally, nationally, and around the world. Here's the link to reinvest or share with others:
www.startengine.com/powell-development-group-inc
Currently, we have the finest, most pleasurable condom in the world. We simply need to obtain regulatory approval, begin large scale production, lower the cost of our product, and launch the Galactic Cap worldwide.
All the best,
Charlie
Hello! Recently, a change was made to the Powell Development Group offering. Here's an excerpt describing the specifics of that change:
Powell Development Group Inc. is extending their offering for 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Dear Cappers,
We only have 12 hours left in our campaign. We want to thank these 15 supporters for their recent investments:
John, Ameer, David
Michael, Stephanie, Christian
Jay, Robert, Varun
Michael, Russel, Christopher
Jeremy, Steven, Alan
These investments helped boost our numbers to more than $81,000! But there's still time left to invest or get the word out. The idea behind crowd funding is to engage the crowd, so here's the link to invest or share with others:
www.startengine.com/powell-development-group-inc
Currently, we have the finest, most pleasurable condom in the world. We simply need to obtain regulatory approval, begin large scale production, lower the cost of our product, and launch the Galactic Cap worldwide.
All the best,
Charlie
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Powell Development Group 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 Powell Development Group 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
Dear Cappers,
As they say in the Midwest, we are headed to the barn. With only 7 days left in our campaign, we have raised over $74,000. We accomplished this feat with your 129 investments and 228 followers supporting the Galactic Cap. Thank you to each new investor of this revolutionary new product:
Reyes, Bryan, Dwight, Mitchell
Jared, Roderick, Recardo, Josh
Donald, Rhonda, Richard, Deontay
Alfonso, William, Charles, Eric
Frank, Armando, Yasen, Vincent, Buck
Jon, Dee, Richard, Bijhan, Andrew
Ideally, we would like to raise an additional $25,000 to hit the goal of $100,000 in our campaign. A simple way to do this would be for each of you to either double your investment or contact a friend or group of friends to invest an amount equal to your original investment.
Since you are now shareholders of the company, we would like to use your influence to take the company to the next level.
This coming Friday, we are touring a plant in San Diego to begin large scale production, lower the cost of our product, and launch the Galactic Cap worldwide. Concurrently, we will be partnering with the University of Southern California to begin clinical trials and obtain regulatory approval.
Re-invest or share now.
All the best,
Charlie
Dear Cappers,
As the song goes:
"They all laughed at Christopher Columbus
When he said the world was round
They all laughed when Edison recorded sound
They all laughed at Wilbur and his brother
When they said that man could fly"
In 2014, we ran an Indiegogo campaign for the Galactic Cap. We didn’t even have a product. Just the idea people deserved a better condom. During the campaign, a headline came out that read, “This is why the Galactic Cap campaign is a failure.” Not WILL BE a failure but IS a failure.
The campaign raised over $100,000. We took that money, redesigned, tested and patented the Galactic Cap so that it is now the finest, most pleasurable condom in the world, based on independent anonymous surveys with our customers.
"They all said we could never win
They laughed at us and how!
But ho, ho, ho!
Who's got the last laugh now?"
Today we’re in a similar situation. We’ve raised over $65,000 to begin large-scale production, lower the price of our product and launch the Galactic Cap worldwide. We have 18 days left. Some have said our campaign will fail because we valued the company too low to attract really large investors. We said “But that’s a good deal for our current investors.”
So it’s now time to show the big boys that there’s a groundswell of support for the Galactic Cap.
In 18 days, we want hit another $100K and say to them:
"You laughed at us and how!
But ho, ho, ho!
Who's got the last laugh now?"
Help us make it happen. Invest now – even a little – and tell your friends.
All the best,
Charlie
Dear Cappers,
Very good news: Our campaign is doing very well and has attracted 4 or 5 large investors. As you know, we need to go beyond the $100K mark to get regulatory approval with a CE Mark. Currently, the company’s valuation is $3M, which is a good deal for you. But, we have been told by a large investor that it should have a higher valuation. He says this because we have a proven, world class healthcare product that already has 2 years of sales, repeat customers, 2 patents, worldwide media attention, and are first in the marketplace.
The Galactic Cap is the finest, most pleasurable condom in the world based on independent anonymous surveys with our customers. This is your opportunity to invest now, invest again or to bring other potential investors into the campaign. Please spread the word and share our link:
www.startengine.com/powell-development-group-inc
With your support, the Galactic Cap will help millions around the world.
All the best,
Charles Powell
Dear Cappers,
Currently, we produce the finest, most pleasurable condom in the world. But to launch the Galactic Cap worldwide, we need investment capital. Our first goal from our campaign is $100K.
What will we do with the initial funds raised?
We will begin large scale production of the Galactic Cap and lower the price of our product for export to Europe and countries outside of the US via online sales. Concurrently, we will contract with the University of Southern California’s regulatory department to begin clinical trials and obtain regulatory approval for our product.
How much will this cost?
Our estimate is that it will cost $500K to conduct clinical trials and obtain a CE Mark (the European equivalent of the FDA). It is less expensive and faster to obtain regulatory approval. Later we will acquire FDA approval.
Why didn’t we ask for $500K in this campaign?
Start Engine advised us to first raise $100K because the financial audit for the larger raise was much more expensive. They said when you exceed the $100K, you can fund that audit with the money you raised and extend your campaign.
Therefore, our first goal is to raise an additional $45K to reach the $100K mark in the next 35 days. With your help, we can extend the campaign and raise the funds necessary to obtain regulatory approval. Invest today.
Kind Regards,
Charles Powell
President & CEO
Dear Cappers,
We finally broke through the $54K barrier, and are now approaching the second half of our campaign. We have had 94 investments from 83 investors, and 173 followers. Ideally, we would like to attract larger investment in the $5K-$10K range now that we have shown a broad base of support. We have 40 days left to hit our $100K mark. Once we do that, we can extend the campaign and hit our $500K goal necessary to obtain regulatory approval. One European investor has said that if we get close to or $500K goal, he will invest $100K-$150K to make up the difference.
We need your help to convert some of those 173 followers into investors.
Currently, we have the finest, most pleasurable condom in the world based on independent, anonymous surveys with our customers. Our revolutionary new product has been featured in Newsweek, The New York Times, The Guardian (UK), and the Huffington Post among many others. Our product has been sold and field tested for 2 years with incredible results.
Currently, we are seeking to raise $500K to obtain regulatory approval with a CE Mark (the European equivalent of the FDA). The approval process will take approximately 6 - 9 months and we feel the clinical trials will go smoothly for several reasons: 1) The Galactic Cap uses the same polyurethane material already used in traditional condoms; 2) We also use a medical grade adhesive which has been pre-approved by the FDA for use on skin; and finally 3) We have tested the Galactic Cap for over 2 years with our customers and have had no adverse effects.
Currently, the condom market is 27 billion units sold every year, with only 5% of the men in the world wearing a condom. In developed nations, condom usage tops out at only 20%. We anticipate dramatically disrupting the traditional condom market, as well as expanding that market to millions of men who dislike using traditional condoms and don't wear them.
Now is the time to step on the gas and help us obtain our first $100K goal. Invest and share today.
Happy Investing,
Charles Powell
Dear Cappers,
The Galactic Cap is the future and here's why! Our customers have raved about our product:
“Holy shit, these things are amazing,”
“Charles Powell, you, sir, are a genius.”
“It was Epic. I’m ordering another 10.”
"Best condom I've used yet."
“Thrilling.”
“It was the finest condom experience I ever had.”
"I would say it's the closest thing to nothing but skin I've found."
“Easy to apply!"
“I ordered a ten pack. I've used 5 so far. Your condom is batting 5 for 5 no leaks!"
"My wife reported that she thought they were the best condom we have ever used!"
“I've tried quite a lot of condoms over the years. Settled on the Japanese sagami original .02 brand for two years. This was still much better. I would say the closest thing to nothing but skin I've found.”
“Could barely feel it. Had to check it was still secure (which it was).”
Currently, we have raised close to $54K. But we need to make the future happen by supercharging our campaign. We need to raise investment capital necessary to obtain regulatory approval, begin large scale production, lower the cost of our product, and launch the Galactic Cap worldwide.
Please share our campaign link with friends and potential investors:
http://www.startengine.com/powell-development-group-inc
Together we can make the future happen.
All the best,
Charlie
Dear Cappers,
We need to supercharge our campaign during the last 60 days and we'd like to use your help to do that. Since we don't know many of you personally, we have a few questions for you:
1) How did you find our campaign?
2) What peaked your interest in the Galactic Cap?
3) What did you find particularly appealing about our campaign?
4) Do you have the ability to share our campaign and help us attract more visitors?
Our goal is to raise $500,000 to obtain regulatory approval to sell our product. Let's continue to show large investors that the Galactic Cap has an overwhelming amount of supporters around the world.
Please respond and answer these questions in the comments section below so that we can work together to obtain our goal.
All the best,
Charlie
Dear Cappers,
We now have 91 investments and 161 followers supporting the Galactic Cap. We have raised over $53,000 in a short amount of time. Thank you to each new investor of this revolutionary new product:
Yaakov, John, Lorenzo,
Bryant, Gregory, Benjamin,
Sotha, Scott, Jacob,
Fouad, David, Jonathon
We've done very well in the first 30 days. But to make our campaign successful, we need overwhelming numbers, speed, and large investments.
Since you are now shareholders of the company, please get out there and spread the word to other potential investors about this investment opportunity. Please share these two links:
https://www.dailybreeze.com/2018/02/18/this-torrance-inventor-says-his-galactic-condom-will-change-the-world/
http://www.startengine.com/powell-development-group-inc
Thank you to everyone, both old and new, for your support of the Galactic Cap.
All the best,
Charlie
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Powell Development Group 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 Powell Development Group 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
Dear Cappers,
When we modernized the traditional condom, we did so with people in mind. Corporations like Trojan and Durex don't care about the people and are only out to make money. They don't want us to succeed because we'd be taking a piece of their "pie." Once we have obtained FDA approval, it’s not unrealistic to expect them to protect their domination of the condom market.
So how does the underdog take on the giant corporations? Overwhelming Numbers and Speed.
Giants are notoriously big and slow, so we’ll use those traits against them.
Crowd funding is fun precisely because we can quickly deploy the crowd. And who is the crowd? It is every man and women with the ability to invest in the Galactic Cap. At least a billion people fit that description and here’s how we recruit them. Please share the links for the Daily Breeze and our campaign:
http://www.startengine.com/powell-development-group-inc
Everyone of you who has invested in the G-Cap can find another person or persons to invest in the next 30 days. And, just like that, we can raise another $50,000.
Everybody wants to do something bigger than themselves to better the world. Be a part of the change today.
All the best,
Charlie
Dear Cappers,
This week we topped $50K. That's the good news. The bad news is someone had their investment voided and we dropped back to $48.8K. As I mentioned before, a fantastic new Galactic Cap article came out in a local Los Angeles newspaper. The headline in the newspaper itself read "Condom Inventor Seeks To Lead Trojan Conquest." Please share the link to encourage more of your friends to invest:
https://www.dailybreeze.com/2018/02/18/this-torrance-inventor-says-his-galactic-condom-will-change-the-world/
Our goal is to reach $75K by March 1st, and $100K by March 15th. To do this, we would like to enlist your help since you are now owners of the company, to tell friends and potential investors about our campaign. If everyone was responsible for the same amount that they invested, we could easily make those goals. Don't forget to share our campaign link as well:
http://www.startengine.com/powell-development-group-inc
Thanks for all your help.
All the best,
Charlie
Dear Cappers,
We are making great headway on putting the Cap on the Map. Today, a fantastic new Galactic Cap article came out in a local Los Angeles newspaper. The headline in the newspaper itself read "Condom Inventor Seeks To Lead Trojan Conquest." Here's the link for the online version:
Our goal is to reach $75K by March 1st, and $100K by March 15th. To do this, we would like to enlist your help since you are now owners of the company, to tell friends and potential investors about our campaign. If everyone was responsible for the same amount that they invested, we could easily make those goals. For example: if you invested $500, try to find investor/s that will invest that same amount. That way we will be multiplying the effect of our crowd funding. It's a fun way to make our goals. And what better way to sell the company than by those who already have skin in the game.
Thanks for all your help.
All the best,
Charlie
Dear Cappers,
It's time to put the Cap on the Map! We had a very impressive two weeks of activity with our current Start Engine equity crowd funding campaign. We are very close to going over the $50K mark in a short amount of time, but we need to keep that momentum going. As most of you are now shareholders and owners of the company, we are relying on you to share our link with other potential investors.
www.startengine.com/powell-development-group-inc
We have engaged the University of Southern California (USC) to help us with all the stages necessary for regulatory approval for the Galactic Cap. The money required for this initial work will be comprised of a donation to USC’s Research Department, under the direction of United Research Consultants. The good news here is that the donation for this research work will be tax deductible to the donor/investor, which should make investors feel even more confident in the way forward. Yesterday we did an interview for a local Southern California newspaper, and we will share that with you shortly. As you know, investment attracts even more investment, so let's get out there, share that link and put the Cap on the Map!
All the best,
Charles Powell
Founder & CEO
Powell Development Group, Inc.
2600 West 225th St.
Torrance, CA 90505
310-880-6427
Dear Cappers,
We now have 81 investments and 143 followers supporting the Galactic Cap. We have raised nearly $50,000 in a short amount of time. Rather than just sending out a generic thank you, we wanted to thank each new investor individually for your generous support. So thank you to:
Andrea, Christian,
Paul, Nancy,
Nathaniel, John, Nathan.
With the Start Engine campaign, you have the opportunity to invest multiple times, rather than just once. Additionally, since you are now shareholders of the company, please get out there and spread the word to other potential investors about this investment opportunity.
Those of you who have invested will have bragging rights when the Galactic Cap is launched worldwide. Thanks again for your support.
All the best,
Charlie
Dear Cappers,
We had a wonderful Week 2 with investment close to $50K. This raise is one of the fastest raises in the healthcare segment of equity crowdfunding. Rather than just sending out a generic thank you, we wanted to thank each new investor individually for your generous support. So thank you to:
Donna, Haidan, Jamal,
Edwin, Johnny, Anil,
Cecil Vicki, Chris,
David, Nga, Andre,
Brad, Scott.
With the Start Engine campaign, you have the opportunity to invest multiple times, rather than just once. So, thank you to Robert and Shanell for doing it again.
We now have 66 investors and 129 followers supporting the Galactic Cap. Those who invested will have bragging rights when the Galactic Cap is launched worldwide. You were there when history was made.
Thanks again for your support. Help spread the word so we can keep it going.
All the best,
Charlie
Dear Cappers,
We had a wonderful week with investment topping $40K in a little over 4 days. This raise is one of the fastest raises in the healthcare segment of equity crowdfunding. Rather than just sending out a generic thank you, we wanted to thank you each individually for your generous support. So thank you to:
Vincent, Rufus, Paul, Robert,
Dustin, Faisal, Benjamin, Chris,
Brandon, Russell, Hani, Gregory,
Morris, Mahesh, Faith, William,
Sandra, Peter, Greg, Steinar,
Michael, Jennifer, Phoebe, Paul,
Keven, Martin, Dani, Robert,
Steven, Durojaiye, George, Marc,
Richard, David, Jack, Mary Kay,
Joshua, Midhat, Charles, Jonathan,
Susan, Nick, John, Pamela,
Thomas, John, Alan, Norm,
Leanne, Steven, David, Shanell,
Joseph, Lucienda
You 54 individuals will have bragging rights when the Galactic Cap is launched worldwide. You were there when history was made. You are a band of brothers and sisters fighting for a common cause...one that will help reduce 3 of the world's toughest problems: Unplanned pregnancy, overpopulation, and STD/HIV infection.
Thanks again for your support. Let's keep it going.
All the best,
Charlie
Dear Cappers,
We went live Monday evening with Start Engine, and we have raised $31,000 in just over 36 hours!
Thank you to our supporters and investors for giving us such a magnificent start!
Our goal now is to raise $50,000 or more by the end of the weekend. To do that, we need a band of brothers and sisters to take Galactic Cap to the next level. Are you with us?
All the best,
Charlie
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