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ECOVENTZ INC.

A Breath Of Fresh Air
INVEST

79dd06hh

Time left to invest

min$10k

max$1070k

funding goal 

Reg CF

exemption used 

$5,500,000

pre money valuation 

$250.00

min investment 

$0

amount raised 

0

investors 

Security Type
SAFE REV
Simple Agreement For Future Equity plus Revenue Participation

$5.5 Mil. Valuation Cap
15% Revenue Split
3X Return on Investment

Pitch

Who are we

 

Ecoventz specializes in manufacturing and distributing a superior filter for exhaust systems used by the institutional and commercial cooking facilities, industrial mist & dust collection, odor abatement and air recirculation. We are serious about making contributions to the green sector, and our goal is to help our clients achieve optimum regulatory compliance, maximize operational efficiency, and promote their reputation as a green company.

 

 

We are known for our proprietary filter called High Efficiency Mist Collector (HEMC). The filter delivers unsurpassed performance and offers fire prevention features that separate it from the rest of the products on the market.

  

Problem

 

Commercial and institutional cooking generates airborne grease-laden mists. These mists contain strong odors, that need to be dealt with in order to meet the Mandatory Preventive Maintenance Rules under the NFPA - Standard 96. This process adds additional costs to the operations.

 

 

 

The Ecoventz HEMC can provide notable savings to the mandatory preventive maintenance costs. 

 

 

Solution

 

We offer the eco friendly, low maintenance cost High Efficiency Mist Collector (HEMC) filter system for the Commercial & Institutional cooking sectors. The HEMC filters can be retrofitted in several existing applications going back 6-8 yrs or longer.

 

The HEMC collects 95% +  of all airborne mist particulate of .3 microns and larger in a single stage. The collected cooking grease is directed to a reservoir and added to the used cooking oil destined for use in biofuel and other by products. For the record the size of human hair is between 30 to 80 microns. Big difference between that and .3 microns.

 

An additional benefit of the HEMC is its ability to stop flames and arrest sparks. The spread of fire into the ventilation systems is a major concern in commercial cooking applications and is the cause of many building fires.

 

 

 

Previous UL/ULC testing demonstrated that fire does not penetrate into the chimney apparatus for a full 3 minutes; therefore it became apparent that the HEMC is also a superior flame barrier as compared to the rest.  

 

The present NFPA-Standard 96 2014 allows the kitchen fire flames to penetrate into the chimney exhaust ducts up to a maximum of 18 in. beyond the flame barrier. When the CO2 fire suppression is not deployed timely, in many cases fires can easily spread throughout the building.  

 

We believe that the HEMC is a game changer for added fire safety to the commercial cooking sector. Minutes or seconds can make the difference in the spread of kitchen fires in the chimney exhaust apparatus and in some cases causing buildings to burn to the ground.

 

As a result of the added fire protection we intent to partner with insurance companies that are willing to offer premium discounts to our clients. This a great value proposition for all our future clients.

Similar testing also proved that the HEMC is also an effective spark arrestor. Some well known multinationals are presently using it for this purpose.

 

These characteristics work well to simplify the approval process to any applicable standard to which the HEMC is being applied and would go a long way to support our lower Insurance premiums initiative.

All these in addition to all our client saving up to 30% or more from their present Mandatory Preventive Maintenance costs.

 

 

Achievement & Traction

 

We offer the eco friendly, low maintenance cost High Efficiency Mist Collector (HEMC) filter system for the commercial & institutional cooking facilities.

 

The HEMC filters can be retrofitted in several existing applications going back 6-8 yrs or longer.

The HEMC collects more than 95% of all airborne grease particulate of 0.3 microns and larger in a single stage. The collected grease is then directed to a reservoir and is used to make biofuel and other by products. For the record the size of human hair is between 30 to 80 microns. Big difference between that and 0.3 microns.

An additional benefit of the HEMC is its ability to stop flames and arrest sparks. The spread of fire into the ventilation systems is a major concern in commercial cooking applications and is the cause of many building fires.

 

 

Previous UL/ULC testing demonstrated that fire does not penetrate into the chimney apparatus for a full 3 minutes; therefore it became apparent that the HEMC is also a superior flame barrier as compared to the rest.  

 

The present NFPA-Standard 96 2014 allows the kitchen fire flames to penetrate into the chimney exhaust ducts up to a maximum of 18 in. beyond the flame barrier. When the CO2 fire suppression is not deployed timely, in many cases fires can easily spread throughout the building.  

 

We believe that the HEMC is a game changer for added fire safety to the commercial cooking sector. Minutes or seconds can make the difference in the spread of kitchen fires in the chimney exhaust apparatus and in some cases causing buildings to burn to the ground.

 

As a result of the added fire protection we intent to partner with insurance companies that are willing to offer premium discounts to our clients. This a great value proposition for all our future clients.

 

Similar testing also proved that the HEMC is also an effective spark arrestor. Some well known multinationals are presently using it for this purpose.

 

These characteristics work well to simplify the approval process to any applicable standard to which the HEMC is being applied and would go a long way to support our lower Insurance premiums initiative.

 

All these in addition to all our clients' saving up to 30% or more from their present costs due under the mandatory preventive maintenance. 

 

 

 

Market

 

 

The retrofitable canopies market size dating back to 2009 is the amount of $ 889,427,000. The available annual market size from 2019 and beyond is in the $ 100,000,000 range with estimated $ 2,900,000 annual increases.

 

The available retrofitable market from 2019-2021 is 400,688 units. The Ecoventz projected market share total for years 2019-2021 is 3,035 units. This amount represents less than 1% of the available retrofit market.

(Source: https://www.mafsi.org/)

 

Number of US Restaurants:

There are over a million restaurants in the US, not including institutional food preparation facilities such as, hospitals, universities, prisons and large & small consumer prepared food suppliers. all of which are potential clients.

(Source: National Restaurant Association  https://www.restaurant.org/News-Research/Research/Facts-at-a-Glance)

 

Competition

 

Direct Competition 

 

Our market reserach indicate that presently no one is offering a similar type solution associated with the benefits of our Retrofit-Preventative Maintenance Package. 

 

Indirect Competition 

 

Preventive Maintenance Service Providers, although at a much higher cost than ours or ones that are willing to work with little if any profit margins. This applies mostly to new market entrants. 

 

Business Model

 

Services 

 

The Retrofit Plan

 

The vast majority of the filters to be retrofitted are 20”X20”. Mass production will allow us lower production costs. The old filters are simply exchanged with the HEMC filters. The Area Licensee performs the Preventive Maintenance and installs the new Filers and the 5 year Preventive Maintenance Contract Cycle begins.

 

The Retrofit Plan allows us to address applications in operation for 7 years or longer.

 

Preventive Maintenance Service Plan

 

Our Retrofit Plan includes a 5 yr Preventive Maintenance (PM) Service Contract at discounts 30% or greater than the clients present costs. 

 

Residual Income

 

The Preventive Maintenance Service Plan will help us generate ongoing residual income from all of these type of sales.

 

The PM Service intervals are set by the NFPA-Standard 96. Depending on the Hood Size and type of cooking they occur quarterly, trianually or semi annually.

 

Team

 

Andreas Roussos, Founder & CEO


Andreas has over 30 years of experience in corporate management and business development. He also has extensive knowledge of capital markets. His past experiences include early stage growth and M&A funding, planning, implementation, operations, and business development. Andreas has an extensive international business network in the clean-tech sector, having worked as a CEO, COO, and consultant to high level management. Acting as interim CEO and COO, Andreas has elevated two other small regional businesses to national status.

 

Tim Trotie, Advisor


Tim is a leader who is strongly invested in employee communications and engagement. He has an exceptional track record of responsive leadership and initiating strategic partnerships. A strong business leader with extensive experience across numerous market sectors, Tim founded two private companies and led a turnaround in the distribution business, taking sales from $9.8 million to $24 million. He was also a key participant in launching two public companies. Tim graduated at the top of his class with an MBA.

 

David L. Miller, Advisor


David is a sales and business development professional with a keen interest in bringing innovative products and services to market. He won an industry award for reaching sales of $7 million within two years. David has also worked with a global Fortune 300 information management company in the United States to help transition a post-merger field sales strategy from transaction-oriented and product-centered to a services-led information management partnership approach. David volunteers as a coach to non-profit organizations.

 

Jeffrey Foster, Advisor


Jeff is an NDE (nondestructive examination) expert in all methods of metal fabrication parts and components. He holds CGSB certifications in liquid penetrant and magnetic particle testing, in ultrasonic (Level III), and in helium and halogen leak testing. He also served as special assignment instructor in non-destructive examination at the Mohawk College Campus of Applied Arts and Technology. He will assist with new application development, providing invaluable input for obtaining optimal quality controls and the highest industry standards.

 

Frank Carnevale, Advisor


Frank has been President and CEO of a boutique consulting firm focused on energy and infrastructure solutions since 1998. Recently, he served as COO of a publicly-traded diversified investment company focused on impact investments in sustainability. He helped turn around a mechanical contracting/building controls company and a thermal design build firm. Previously, he served on the Board of Directors of the Ontario Energy Association and Rethink Sustainability Initiatives. Frank is a York University graduate with a BA in Political Science. 

 

Use of Funds

 

 

 

Updates


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Q&A


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Thomas Simmons
Thomas Simmons - Investor5 days ago
You seem to have a great product, that meets a real need, with a solid team behind the business. Everything about the pitch makes me want to invest - with one exception: Why, with a team as solid as the one presented, is the pitch here so full of spelling and grammatical errors? It really makes one wonder how much attention you pay to detail.
Andreas Roussos
Andreas Roussos - Issuer    
Hi Thomas, many thanks for your observation. Much appreciated. We are presently working on this and hope all should be corrected. Again many thanks.

4 days ago

Documents

Form C View Download
Offering Statement View Download

Other Disclosures

Read the Form C filed with the SEC for other important disclosures, like financial statements, Directors, Officers, shareholders with more than 20% of voting rights, and more.
Irregular Use of Proceeds
The Company may make Irregular Use of Proceeds. Such Irregular Use of Proceeds, which may be in material amounts in excess of $10,000, may include by way of example and not limitation: Vendor payments and salary made to management, business associates, relatives, related parties and/or affiliates thereof; expenses labeled "Administration Expenses" that are not strictly for administrative purposes; expenses labeled "Travel and Entertainment"; and expenses that are for the purposes of intercompany debt or back payments.

Without limiting the above, the Company may elect to vary from the proposed use of funds as circumstances or assessments of circumstances following the closing change.
Special Note Regarding Forward-Looking Statements
This offering contains forward-looking statements within the meaning of the federal securities laws. We caution investors that any forward-looking statements presented in this offering, or which management may make orally or in writing from time to time, are based on the Company’s beliefs and assumptions made by, and information currently available to, the Company. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “would,” “result” and similar expressions, which do not relate solely to historical matters, are intended to identify forward-looking statements. Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties and factors that are beyond the Company’s control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. While forward-looking statements reflect the Company’s good faith belief when made, they are not guarantees of future performance. The Company expressly disclaims any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this offering may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We undertake no obligation to revise or publically release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.
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