Tagged: e-mail

Gusto issues $500,000 worth of securities


XDATA – August 29th 2014

gusto33% of Gusto‘s $1.5 million unregistered private offering was placed on August 12th. The non-brokered equity securities were subscribed by three investors. The first close garnered $500,000. The offering will remain open until August 2015 while an additional $1 million worth of securities is sold to investors. This is the first time Gusto is selling securities under a registration exemption.

Gusto develops and markets a mobile application for e-mail visualization and attachments download. The app saves all files and photos users sent or received in a single place, automatically, across all email accounts.

Shawn Schwegman (CEO) leads the Indianapolis IN based company which was registered in 2012. Gusto elected to keep its revenues undisclosed.
The board of directors includes Gerald J Longa, Jason Kellerman, Peter K Hawryluk and Ting Gootee.

Offering recap
Status: First close
Company: Gusto
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $500,000
First sale: 08-12-2014
Data as of: 08-27-2014

For more information visit www.XDATA.co

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Direct file sharing app announced a first close of $245,000 on its mezzanine offering


Scayl, Inc. placed 31% of its expected $800,000 mezzanine offering with nine investors. The company tapped the US market multiple times already raising an estimated $5.25 million since its inception in February 2007. Scaly disclosed having no revenues so far. It earmarked an estimated $180,000 to be paid toward executives’ salaries and $35,100 will be paid out in placement fees to Finance 500, Inc.

The company offers a service to send mail directly to recipients by by-passing traditional “store and forward” e-mail and “upload and download” services. With a direct connection users’ e-mails are no longer limited in size by e-mail servers or cloud upload services, transfer speed, or subject to privacy and security risks. Scaly make high-definition video or big data files sharing simple and secure. Professional users may add studio grade digital rights management to protect high value assets. The company’s app is free for individuals and available for a fee to professionals and companies.

Scayl, located in Woodland WA, is lead by William R. “Bill” Kallman. The executive team includes Donald Hoffman and Jon Bower. Mark Mitchell sits on the board of directors.