Offshore oil skimming services provider Ocean Systems raised 25% of its equity financing

Ocean systemsAccording to information disclosed by Ocean Systems, $200,000 was subscribed by one investor on March 31st 2014. Ocean Systems capped the non-brokered equity financing at $800,000. The offering will remain open until March 2015 while an additional $600,000 worth of securities is sold to investors. The company is filing for the first time a security registration exemption with the SEC.

Ocean Systems offers offshore oil skimming services for large-scale offshore oil spill. The company owns, maintains, deploys, and operates the equipment at the site of the spill. it provides both equipment and skilled operators to help remove oil efficiently and effectively from the environment without the logistics, training and operating overhead for clients that would come with operating sophisticated skimming systems.

The company, headquartered in Mclean VA, is led by Charles Feghali (President). Ocean Systems elected to keep its revenues undisclosed.
The executive team includes Frank March.

Offering recap
Status: First close
Company: Ocean Systems
Industry: Other
Amount offered: $800,000
Amount placed: $200,000
First sale: 03-31-2014
Data as of: 04-10-2014


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