Content Checked Holdings recently announced the completion
of a $4.5 million debt financing that’s expected to greatly improve its
operational flexibility moving forward. The company plans to utilize the
proceeds from this transaction in order to more effectively build upon the
successful release of its innovative family of mobile apps – including
ContentChecked, MigraineChecked and SugarChecked. In particular, CNCK’s
flagship app, ContentChecked, has demonstrated immense market potential as a
tool to help consumers avoid foods made with ingredients to which they are
allergic. As the company continues to widen its release and marketing efforts
for this product, it will be in a favorable position to expand its user base
among the estimated 15 million people in the United States currently living
with food allergies.
“While it is rare to accomplish shareholder friendly
financing structures when raising capital for micro-cap companies, we have
closed a deal today with a great new partner for Content Checked,” Kris
Finstand, chief executive officer of CNCK, stated in a news release. “With the
proceeds of this offering, we will now be able to execute our extended roll out
of our growth plan.”
Since the official launch of its suite of apps earlier this
year, CNCK has made considerable progress toward promoting strong financial
growth. In the second quarter of 2015, the company recorded total revenues of
more than $443,500, giving prospective shareholders a preview of the market
potential of its products following expanded marketing efforts.
In total, the value of the market for food allergies and
intolerances is forecast to reach $13 billion this year, and this figure is
expected to continue rising in the future. As it makes progress toward
expanding upon its current database of food products – which currently
incorporates more than 70 percent of conventional U.S. grocery items – the
market potential of ContentChecked, as well as MigraineChecked and
SugarChecked, will likely increase.
Through its three currently-available mobile apps, CNCK has
an extended reach of approximately 150 million people in the U.S. Additionally,
the company plans to launch its apps in select international markets in the
coming months. Leveraging the flexibility provided by its recently announced
debt financing, CNCK is in a favorable position to capitalize on this immense
market potential.
For more information, visit www.contentchecked.com
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