Think Communications, does business as THINKAboutCollege.net, is in the market with a $500,000 non-brokered equity offering. The offering is expected to close within a year. Think Communications didn’t close any previous offering on the US private placement market. The offering holds a senior secured position and offers an attractive estimated internal rate of return (IRR). The participating and convertible preferred shares carry an 8% dividend plus an aggregate 8% participation of net income. The minimum investment threshold per accredited investor stands at $10,000.
The company develops a patent pending social network exclusively focused on helping students, parents, counselors, and admission professionals reach their individual goals. The company started as an electronic media based publishing company focused on career and college readiness challenges which led to the development of a social network. The network is designed to be free for students, parents, and high schools through the financial support of local, regional, and national sponsors. The application is simple to navitage and offers advice needed to help users find the right place to learn, live, and make a sound investment. The company is currently looking for beta testers.
The company, headquartered in Interlochen MI, is led by James R. Brouwer (Founder & CEO). Think Communications elected not to disclose its revenues. The executive team includes Frank Burtnett (Editorial Content and Services).
Company: Think Communications
Industry: Business Services
Amount offered: $500,000
Amount placed: $0