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ECOVENTZ INC.

A Breath Of Fresh Air
INVEST

40dd00hh

Time left to invest

Minimum target reached (accepting oversubscriptions)

min$10k

max$1070k

funding goal 

Reg CF

exemption used 

$5,500,000

pre money valuation 

$250.00

min investment 

$16,450

amount raised 

4

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 that are used by institutional and commercial cooking facilities. Our products are designed to collect mist and dust, abate odors and recirculate air. We are committed to 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, the High-Efficiency Mist Collector (HEMC). The filter delivers unsurpassed performance and offers fire prevention features that separate it from other 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 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 mandatory preventive maintenance costs.

 

 

Solution

 

 

We offer the eco-friendly High Efficiency Mist Collector (HEMC) filter system for the commercial and institutional cooking sectors. The HEMC filters can be retrofitted in several existing applications, going back 6-8 years or longer.

The HEMC collects 95%+ of all airborne mist particulates 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 byproducts. For comparison, the size of human hair is between 30 to 80 microns. There is a 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 the chimney apparatus for a full 3 minutes. It became apparent that the HEMC is also a superior flame barrier as compared to other products.

The present NFPA-Standard 96 2014 allows the kitchen fire flames to penetrate the chimney exhaust ducts up to a maximum of 18 in. beyond the flame barrier. When the CO2 fire suppression is not deployed in a timely manner, 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 can cause buildings to burn to the ground.

Because of the added fire protection, we intend 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 multinational businesses 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.

These are all benefits, in addition to our clients saving up to 30% or more from their present Mandatory Preventive Maintenance costs.

 

 

Achievement & Traction

 

 

Established Product Line: All of our products have proven effective performance and have been certified based on sector-specific applications and appropriate authority performance standards.


Proven Eco-Friendly Technology: The Company has tested its products and the results show that they are an effective and environmentally friendly solution to remove airborne mists and particulate matter from the air.


Customer Acceptance: The previous company sold our products to big name businesses throughout Canada. We believe that Ecoventz can duplicate this high level of customer acceptance in the US.


Supplier Relationships: We have established connections with manufacturers who can produce all of the parts and components we need for our products.


In-House Assembly: All final assembly and quality control is performed in-house. All manufacturing partners are subject to our certification process.


Market Potential: The US Market is ideal for our application. Our vision and forecasts are quite realistic and we will gain momentum as soon as we launch marketing activities in our initial target sector.
 

 

 

 

 

Market

 

 

The retrofit-able 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 an estimated $ 2,900,000 annual increase.

The available retrofit-able 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 research indicates that presently no one is offering a similar solution associated with the benefits of our Retrofit-Preventative Maintenance Package.

Indirect Competition

Preventive Maintenance Service Providers are available, 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 clear majority of the filters to be retrofitted are 20”X 20”. Mass production will provide us with lower production costs. The old filters are simply exchanged with the HEMC filters. The Area Licensee performs the Preventive Maintenance and installs the new filters and the Five-Year Preventive Maintenance Contract Cycle begins.

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

Preventive Maintenance Service Plan

Our Retrofit Plan includes a Five-Year Preventive Maintenance (PM) Service Contract at discounts of 30% or greater than the client’s present costs.

Residual Income

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

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

Team

 

Andreas Roussos, Founder & CEO

Andreas has over 30 years of experience in corporate management and business development. He has extensive knowledge of capital markets. His experience includes early stage growth and M&A funding, planning, implementation, operations, and business development. Andreas has a large 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 Trotier, 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 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 the 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 achieving 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 control 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


No updates, yet. Stay tuned.

Q&A


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Thomas Simmons
Thomas Simmons - Investor4 months 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 months ago

Documents

Offering Statement View Download
Form C 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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