Invest in iPass Technologies Inc.

You have the opportunity to invest in an innovative system that completely revolutionizes the passport application system. 

Travel is already stressful enough without the time-consuming process of applying for a passport.

iPass is changing the way Americans apply for a passport, by removing the hassle from pre-travel preparation with an innovative automated and streamlined system.

With 73% of Americans traveling abroad at least once, iPass is a platform with a potential userbase of 240 million people. At the start of 2022, more than 145 million Americans hold passports.

In 2019 alone, the United States processed more than 20 million passport applications. Even if we process 0.24% of the passports issued in the USA, we will hit close to $8 million in revenue, with a net profit of 42.7%.

Sounds good, right?

But first – what is an iPass and why does it matter?

🚀 Technology has advanced – but why hasn’t the passport application process?

Anyone who has traveled abroad will have suffered the arduous, time-consuming, and stressful process that is the passport application process.

From taking photos to making physical trips to official buildings, the passport application process is nothing short of archaic. Despite great advances in technology, the current application process still relies on the collection of official documents and submittals to various government agencies via traditional mail.

There is no option to complete the forms and submit documents online. It’s a 20th-century system in a 21st-century world.

iPass changes everything – it’s a new solution with the potential to modernize passport applications.

💨 It’s FAST

iPass reduces the time spent applying for and processing a passport. Perfect for when you need an expedited passport.

✔️ It’s SIMPLE

iPass users simply upload their documentation via a secure app, filling in fields digitally and submitting their photos taken with their own smartphone.

🙂 It’s CONVENIENT

iPass enables users to apply for and obtain a passport via their smartphone from the comfort of their own homes.

🧳 iPass was born from a missed business opportunity.

In late 2019, Frederick attempted to renew his passport at the local post office. He completed the required renewal application process, along with submitting the required photo. However, several weeks later, Frederick received a letter in the mail stating the application was denied due to “the passport photos submitted are not acceptable”. He had to go back to the post office and resubmit his photo.

One Monday morning in early 2020, iPass founder Frederick Mulkey was packing his suitcase, ready to travel from Orlando to London for a significant business meeting with British clients later in the week.

He had his suit, laptop, airline ticket… but where was his passport? He turned his house upside down, but it wasn’t there.

The next few days saw a stressful and frenzied rush as Frederick attempted to replace his passport ahead of traveling.

He found out that a standard passport application takes 4 to 6 weeks to process, and an expedited application takes 2 to 3 weeks.

He made his application.✨ 

However, after wasting the best part of a day, an agency appointment was rejected as he wasn’t deemed to be in a ‘life or death emergency situation’.

Frederick ended up having to delay his trip and his meeting for just over a month, at great cost and even greater frustration.

This unfortunate incident was the catalyst for change. He knew there must be a better way.

This is when iPass was born.

iPass is innovative, automated, and unique – we have the competitive edge.

With such frustration surrounding the application process, it’s unsurprising that companies have been established to help travelers with the passport expedition process. iPass is unique but faces indirect competition from these companies.

However, we have the competitive edge, with innate advantages:

• 🌟 Nobody currently offers an automated service for applying for passports. Existing competitors simply help in compiling and couriering documents to the relevant agencies.
• ⚖️ We have the regulatory and compliance background needed to work with the appropriate authorities to promote the adoption of this new technology.
• 📩 We are able to electronically validate and verify all required travel documentation.
• 🤵 Certified passport acceptance agents use video calling (such as Zoom/Teams/Facetime) to initiate the signing of passport applications and/or documents.
• 👔 We can boast an experienced leadership team with significant industry experience ready to drive iPass forward.

We are aiming to hit $8 million in revenue with a market share of just 0.24% of the passports issued in the USA. 

(Forward-looking projections, cannot be guaranteed)

While our projections cannot be guaranteed, we have incredibly high hopes for the future of iPass.

Let’s break it down.

After we complete the app development, we aim to receive government approval within 12 months.

Within our first 12 months, we expect to see 50,000 passport applications. By our third year, we expect to be processing 500,000 passport applications, which is around 2.4% of the expected passports issued per year. (Forward-looking projections, cannot be guaranteed).

Our primary revenue stream will be the submission of passports.

We will offer three duration-based pricing levels to our customers (Standard: $100, Expedited: $150, Express: $250, not including government fees). Each of these is a 4x markup over our direct costs.

In addition to processing passports, we will offer a variety of passport applications, including passport renewals, replacing stolen or lost passports, and passports for children. We also offer additional revenue streams such as photos, notary charges, expedited re-entry, and travel booking.

While the first two years of life will not generate revenue and will operate at a loss, we expect to become profitable quickly, as soon as we are able to begin processing applications.

In fact, with a market share of just 0.24% of the passports issued, we will nearly hit $8 million in revenue and a Net Profit of 42.7%, translating to $3.3 million.

Not to mention, we are aiming to 20X our business by the third year.

(Forward-looking projections, cannot be guaranteed)

We have several exit strategies, including a possible IPO, although we also foresee selling the business to interested parties, including the US Government.

With a bulletproof plan, we are close to taking the next step.

With a bulletproof business plan, an experienced leadership team, and an app already in development, we are now looking to raise additional capital.

This capital will allow us to complete the development of the app and submit it to the federal government for approval. After approval, the app will be beta tested, then launched in the Orlando and Central Florida area.

Additionally, the funds will be used towards intellectual property rights, marketing, and additional startup costs and asset purchases. We will eventually hire internal app and web developers to maintain and improve the platform as we roll out the app to other markets.

Don’t miss your opportunity to get in at an early stage.

Nobody should miss a business meeting, family reunion, funeral, wedding, vacation, or any other travel opportunity because their passport expires.

The Department of State admits that passport processing is a burden. It costs time, manpower, and money. Moreso, the Department of State even admits that the passport process is in need of being modernized- It’s a 20th-century system in a 21st-century world.

The future of hassle-free passport applications relies on iPass, which will change the face of how you, your children, and future generations apply for passports.

You now have the opportunity to invest in iPass as we prepare ourselves to take the next big stride in our journey towards government approval, rollout, and profit.

Seize your opportunity and join us today!

Why should you invest in iPass today?

• An innovative automated solution will revolutionize the passport application process
• Huge target market, with 73% of Americans having traveled abroad at least once
• The app is already in later stages of development and will be ready for government approval shortly
• Primary revenue stream has 4x markup over direct costs
• 50,000 passport applications expected within the first 12 months
• Aiming to 20X our business by the third year 
• Driven by the highly skilled and experienced leadership team
• Multiple exit strategies are in place, including acquisition by the US government

*Disclaimer: The above image is a rendering of a future product. Images are prototypes. The product is still currently under development.*