|1||A *NEW* TYPE OF LED LIGHT BULB using the new PLT Super-Oxygen Tech. It will have a global impact.|
|2||PLT bulbs perform 7 "functions" beyond just lighting a room. Acts like a $1000 air purification system|
|3||So good--PLT has over 7,000 satisfied customers & $1.3 million in sales-mostly through word-of-mouth|
|4||+Independent lab tests that show the PLT bulbs & coatings kill over 99% of Salmonella, E-Coli, MRSA.|
|5||Safe for Animals, Humans, helps make plants grow faster & better. Does not use/make Ozone or UV.|
|6||PLT has applied for a patent for an Anti-smog Muffler expected to reduce car emissions by 50%-80%.|
|7||PLT has 4 patents applied for, plus intends to apply for another 20+ patents over the next year.|
|8||Huge potential upside with possible annual markets of over $300+ billion for it's products/services|
Pure-Light Technologies was first introduced to me via a co-worker from a radio ad. When the Pandemic hit I started to research innovative technologies that could mitigate the spread of the virus. I remembered Pure-Light Technologies and starting reading up on research articles that demonstrated how TiO2 material when exposed to certain light sources would inactivate viruses, bacteria and food-borne pathogens. I immediately purchased a few Pure-Light TiO2 nano-coated bulbs and quickly realized their effectiveness in addressing a multitude of odors in my house, another benefit the research has indicated. The next step was logical - somehow become involved with this cutting-edge technology company. I started as a commercial distributor with a private label and then joined the marketing team and as I learned more about the technology, it’s capabilities and application potential, research and technical team, uniqueness in the market and company leadership I became an investor. I have no doubt this company and the genuine people leading it will succeed in multiple market verticals with this technology and look forward to the exciting and promising journey. Be apart of this rapidly growing self-sanitizing disruptive technology positioned to revolutionize market verticals such as: lighting, self-sanitizing surfaces, combustion engine emission reducing technologies, water and air purification technologies, and food security. Come join Pure-Light’s growth journey!
Pure-Light Technologies has financial statements ending December 31 2019. Our cash in hand is $50,299, as of August 2020. Over the three months prior, revenues averaged $36,883/month, cost of goods sold has averaged $4,198/month, and operational expenses have averaged $29,890/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
We currently manufacture and coat special LED light bulbs with our proprietary patent pending Super-Oxygen technology coating, creating essentially a new type of LED light bulbs. These light bulbs, when turned on, greatly reduce pathogens in the environment such as bacteria and viruses. They also greatly reduce mold, mold odor, tobacco smoke, and pet odor. Our light bulbs neutralize the harmful effects in the environment of chemicals and pesticides such as carbon monoxide and formaldehyde.
We hope that the Pure-Light brand will be a global leader in the LED light bulb, industrial coating, and muffler markets. With our expected new patents and additional funding, we hope for exponential growth in sales including licensing our technology to major manufacturers and distributors. Our exit strategy is to be acquired by a major company or to do an IPO which would be highly advantageous to early investors. These projections cannot be guaranteed.
Pure-Light Technologies, Inc. was incorporated in the State of Wyoming in October 2015.
Since then, we have:
Historical Results of Operations
Related Party Transaction
Refer to Question 26 of this Form C for disclosure of all related party transactions.
Liquidity & Capital Resources
To-date, the company has been financed with $50,000 in debt and $235,227 in equity.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 1 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 2 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Pure-Light Technologies, Inc. cash in hand is $50,299, as of August 2020. Over the last three months, revenues have averaged $36,883/month, cost of goods sold has averaged $4,198/month, and operational expenses have averaged $29,890/month, for an average net margin of $2,795 per month. Our intent is to be profitable in 1 months.
Since the financials are as of August 8, 2020, there have been no large material changes in our finances.
With a fully successful Crowdfunding effort, at the end of six months we hope our gross sales will be approximately $1-$3 million a month (not guaranteed).
As we will be in a fast growth mode, our expenses will be at least 95% of our revenues as we put everything back in the company to expand.
We have some small credit lines of approximately $30,000. Other than that, our capital resources are only sales and potential investments.
The Pure-Light Super Oxygen technology is a new technology that the general public is unfamiliar with. It will take some effort to expand and increase brand awareness and brand reach that will increase sales as projected.
The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly ill-liquid, with no secondary market on which to sell them.
Susan Young is a part-time officer and owner, therefore in the future, she will need to become full time or be replaced. As such, it is likely that the company will not make the same progress as it would if that were not the case.
The future success of PLT depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that the company will be successful in attracting and retaining other personnel required to successfully grow the business.
Four initial patents have been applied for and are patent-pending, but the patents have not been issued, though the patent legal team has researched them and feel they have a very good chance to be granted. However, if they are not issued this will open the company to increased competition that could reduce projected sales.
A risk to Pure-Light would be not raising sufficient funds to increase sales/marketing, inventory, production of the key products which would cause the company to miss sales projections.
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
Finding the right addtional executive personnel and staff that can make it happen, that can work together even with funding is available is a potential risk.
A potential risk is that the Super-Oxygen technology can do so many tremendous things, and so many products can come from the technology, that the company needs to focus and not get sidetracked.
The company needs to upgrade and expand it's marketing team, especially it's digital presence, website, etc. There is so much to do, but not enough people to do it.
Temporary Rule 201(z)(2) provides temporary relief from certain financial information requirements by allowing issuers to omit the financial statements required by Rule 201(t) in the initial Form C filed with the Commission. This offering has commenced in reliance of Temporary Rule 201(z)(2).
In 2019 CEO/Founder Mr. Young had some serious health issues (septic gall bladder), which was finally diagnosed and removed. Because of his illness the company suffered in 2019. But, with the return of health of Mr. Young in 2020, the company has rebounded. The Company needs to find a more qualified CEO/Marketing specialist to take the company to the next several levels.
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