Merecot Corporation, which plans to create automated web services supply chain of products and equipment for spas and health outlets, and plug cover company Triumph Ventures Corporation, are planning to go public on the Bulletin Board on Wall Street.
Merecot, founded by Evgenia Gonikman in 2013, plans to raise $100,000 at a company value of $150,000, without underwriters. It plans to use the proceeds to expand its business. The company has revenue, albeit negligible, and has lost $3,200 since it was founded. Its auditors have attached a going concern warning to its financial report. The Arad-based company was incorporated in Nevada and has an office in New York State
Jerusalem-based Triumph Ventures also plans to raise $100,000 at a company value of $250,000. Its auditors state that unless it raises $45,000 it is liable to go out of business. The company was founded in 2012 and has an exclusive agreement with Douglas Sherman to sell his patented protective combination plate and removable cover with lower cord access for receptacle and electrical plugs. The device is designed to be ornamental as well as serving as a protective combination plate and removable cover. The company has two employees, Julius Klein and Shraga Sofer, who are its current owners in equal shares. After the IPO, their stakes will fall to 30%. The company is incorporated in Delaware.
Published by Globes [online], Israel business news - www.globes-online.com - on April 16, 2014
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