Friday, September 4, 2015

Content Checked Holdings, Inc. (CNCK) Completes Debt Financing, Eyes Extended Roll Out of Growth Plan

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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