Having recently completed its new product debut road show with key targeted retailers, LED Technologies walked away with over $1.2M in preorders for 2014. Beginning this summer, LED Technologies will expand its product distribution beginning with key retailers in the Drug, Mass, Specialty Beauty, Club and Department Stores such as Target.com, Bed, Bath & Beyond, Hammacher Schlemmer, beauty.com, Walgreens, QVC and SkyMall. Listed on Fundable the crowdfunding campaign is looking to raise $500,000 from registered investors.
LED Technologies, an over-the-counter medical device company, has partnered with fashion & beauty entrepreneur Kathy Ireland in creating its reVive Light Therapy. As reported in Forbes, last year alone, Ireland moved an astounding $2 billion worth of licensed products at retail, making her a bigger licensor than the formidable Martha Stewart. Ireland, the beauty industry maven, began her iconic career as a Sports Illustrated swimsuit model. Yes, that Kathy Ireland.
According to the campaign, “the FDA-cleared devices are based on NASA Scientific Research and deliver exceptional healing, regenerative and rejuvenating results naturally without chemicals, prescriptions or side effects.” LED Technologies seeks funds to supply its current and future consumer product demand:
“LED Technologies challenge is to supply a rapidly accelerating demand by consumers for it products. Recent FDA approval of our products for sale OTC and direct to the consumer has increased the overall awareness of the incredible natural and economic benefits of our products. Resale outlets are aggressively moving to capture this growing demand for these products exponentially increasing sales and distribution. LED is in an ideal position to capture this growth with a complete line of products designed to fit every retail demographic. Due to the incredible and growing demand by both, health and beauty consumers, major retailers are placing larger and more consistent orders. As the products reach more stores, demand growth becomes accelerated. Already profitable and experiencing 400% year over year makes LED Technologies the perfect target investment.”
In a recent Fundable update, CEO Lloyd Nelson said, “LED Technologies is very excited about this upcoming Holiday Season as our products in all three tiers will be featured by multiple national retailers this fall. LED Technologies has solidified their strategic retailer partnerships virtually ensuring our ability to meet or exceed our 2014 financial goals.”
The Fundable campaign publicly notes the following financials: “LED Technologies generated $2.7M in revenue in 2013 and already as over $1.4M in sales and purchase orders through March 2014. Already profitable and experiencing ‘hockey stick’ growth, the company is raising capital to satisfy product demand and continued innovation.”
Additional consumer benefits highlighted on LED Technologies campaign include:
• Anti-Aging – Clinically proven to reduce, reverse and postpone fine lines & wrinkles by stimulating the natural cellular reproduction of Collagen and Elastin.
• Improves Effectiveness of Skin Creams – Light therapy is medically proven to enhance the overall effectiveness of skin care topicals by up to 12x.
• Kills Acne Bacteria – Clinically proven to target and kill Bacteria residing within the skin which cause Acne and other skin ailments.
• High Demand – reVive Light Therapy is in high demand as evidenced by our Best Seller rating on QVC and consistent sellouts.
• High Future Demand – New product launches in Q2 2014 are adding additional pressure for supply by key retailers like Walgreens, Target, Macy’s, Kohl’s and Nordstrom’s.
Furthermore, LED touts that its FDA-approved pain relief and enhanced healing products are proven to support the general relief of chronic pain symptoms and enhance the body’s natural healing process.
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