iBidAM.com is going Global. To launch in the US, UK, Canada and NZ market iBidAM has decided to sell 20% off to the general public opening up 20 exclusive spots for shareholders to invest in. Louise Schultze, CEO of iBidAM.com Pty Ltd stated “iBidAM has always been about helping the Aussie battler, the businesses just starting out giving it a go. We wanted to let everyone have the opportunity to invest in iBidAM, and not just exclusive to the Venture Capital firms. As acting CEO, it is my personal pleasure to be able to share this journey with those who see the same potential our 16 current shareholders have, and join in their success also.”
Although this investment will see iBidAM with a new CEO and international law experts, it does not mean that Louise as Founding Director will not have a major controlling hand in the company. Louise comments about her moving on from CEO into Director of Advertising & Marketing and sitting comfortably into the Chairperson of the Board seat. “I am ready to step aside and have a new player come in to the team who knows their stuff when it comes to international expansion. I think a good leader knows how to build a good team and knows exactly when it is time to take a back seat. Having said that, that seat, the big boss chair I’ve been sitting in all this time, I’ll be moving that into the board room with me.”
iBidAM is raising AU$2M starting from the 30th March 2010 and closing 30th April 2010. After this iBidAM will not be selling any more of the company until it releases an IPO or has a significant trade sale that the shareholders are happy with in the next 2-5 years. The share unit price is $1.09, and investment starts at a minimum AU$1,000. As of the 1st May, iBidAM will look at all offers and take first preference on the highest ethical purchase of shares until all 20 positions are filled. Louise states that “If it was up to me, I would be happy to release more than 20 positions. As a non-listed company we are bound by laws that protect us and investors to opening only 20 non-sophisticated positions per year, with a total maximum of 50. And because we have a target of $2M to reach for budgets we must take the highest offer first and work backwards. We have had many enquiries for Self Managed Super Fund holders about using their super for investment, and our experts at JB Global say that it is doable, however exercising the use of your financial advisor is extremely important when making these decisions.”
iBidAM.com Pty Ltd is an exciting company with real credits to its name, experts backing it and has a great brand and capture in the marketplace. Exciting times.
Seats are limited for the investment presentation evening at the Rialto on the 30th March 2010.
For further information email info@iBidAM.com.
To Book phone Chloe Glenn from LeeWay Events on +61 (0)409 044 408.
