Topic: Investor Relations
I am the CFO of Truth Alone LLC; a private label brand, sustainable Pima cotton garments company, based in Massapequa, NY, with product development, production, logistics, and administration offices in Lima, Peru. The LLC is owned by two U.S. citizens, living in Palm Springs, Ca.
The owners set up the Peruvian operation, under the name Interaxissourcing, in the year 2000, as a service company for major global retail companies seeking Peruvian Pima cotton garments.
The "Truth Alone" brand was registered in October 2018 and has been selling its products on Amazon as of May 2018. The brand began selling on the largest South American department store ecommerce platform, Saga Fallabela, and in several sustainable retail outlets in Lima, Peru as of June 2019.
In August 2019 talks were held in NYC with a major U.S. department store chain that will commit to sell Truth Alone products under its private label brand in the U.S. as of 2020. The LLC is currently opening sales on the Google ecommerce platform.
The LLC owners have invested $800k in the operation and are now seeking investors.
The company needs $2.50M in three tranches: $1.0M through February 2020, $1.0M through February 2021, and $500k through February 2022.
Funding will be used for inventory acquisition, advertising and working capital. The owners have obtained a V.C. group willing to invest matching funds in the first tranch.
Conservative projections are for EBITDA earnings of $5.0M as of February 2024, reaching $29M as of February 2026. There will be no CapEx requirements.
Interested parties may contact me at [email protected] for further information.