Have you had any discussions with people like Laird Hamilton or other older legends to work as brand ambassadors?

Hi Tony, thanks for the great question and your investment. We are connected with some of the best surfers in the world, and plan to partner with a carefully selected few to become LOCL® brand ambassadors. We will structure our brand ambassador model in similar ways to Rapha®, lululemon® and Patagonia® – authentically and with integrity. While Laird is undoubtedly a legend in his own right, we plan to establish relationships with local surfers throughout the world that are perhaps a bit less ...

What material is used to make the clothing? Fast fashion is having a severe impact on the planet.

Responsible apparel manufacturing and sustainability lie at the very heart of our business. We plan to partner with world-class performance textile suppliers and apparel manufacturers to create 100% bluesign® approved products across our entire range. Please visit www.bluesign.com for more information.

When do you expect to start generating revenue? What are are the revenue projections in the next 3-5 years?

We anticipate revenue generation to begin in late 2020. With proper funding, we project annual revenue of $50+ million and EBITDA of 30%+ by 2025.

Are you closing your round early? It doesn't look like you've raised the minimum.

Greetings Craig, and my apologies that I didn't catch your question earlier. We were successful with the raise! Thanks very much for your support throughout our campaign.

Few more questions: 1. Assuming the pandemic goes away in a few months, are you still on track to start selling products by end of 2020? 2. Is your apparel made in the USA? 3. When can SAFE investors expect their investments to convert into equity? 3. What is your exit strategy?

Hi Umair, Answers below. Sorry for the delay! 1. Covid-19 has affected every single business in the world, including ours. We are carefully evaluating our plans and will adjust accordingly. We will most likely now be launching in Spring '21 (right before surfing debuts in the Tokyo Olympics). 2. We will be sourcing the finest fabrics in the world from Switzerland (for performance fabrics) and New Zealand (for ultra-fine quality merino wool). Our products will be made in world-class factories ...

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LOCL®

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