Salt Lake City, Utah, June 28, 2017 (GLOBE NEWSWIRE) -- Lice Clinics of America®, the world's largest lice-treatment products and services company, announced the launch of its Title III Regulation Crowdfunding Campaign (Reg CF), allowing accredited and non-accredited investors to purchase equity in the well-established company.
Lice Clinics of America has grown rapidly, doubling sales in each of the last three years under the leadership of CEO Claire Roberts, to $7.6 million in 2016 and is now seeking to raise money in equity crowdfunding.
“We think our Reg CF offering will be very unique for both investors and supporters of what we do,” said Roberts. “This is more than just about raising capital to advance and expand Lice Clinics of America product and service offerings. We want people to know our story, including our philanthropic and community work, our mission to put an end to head lice, as well as to see this as a business opportunity where failure of the leading global brands has created great opportunity for innovation.”
With supportive capital from 37Ventures, LLC, plus an engaged and passionate group of accredited angel investors, Lice Clinics of America has grown to more than 250 clinics in 17 nations and recently passed the 250,000 treatment mark with its patented and FDA-cleared AirAllé® dehydration medical device and method.
Lice Clinics of America is seeking investments through StartEngine, an online equity crowdfunding platform co-founded by Activision co-founder Howard Marks.
“Companies can begin this process at any time - whether they are in very early stages or experiencing massive growth,” said Marks. “This solution to financing helps entrepreneurs stay true to their missions and maintain control of their companies. Consumer-owned means keeping the companies on track and allowing them to grow with their customer base.”
The campaign will feature a video highlighting the experiences of families at a women’s shelter in Texas, to which Lice Clinics of America has provided free treatments and products. The shelter suffered from a lice infestation for over a year, unable to cure it with the leading OTC products that no longer work because of pesticide-resistance. With Lice Clinics of America’s intervention, the lice were gone and the shelter became a true refuge for the clients.
“Lice Clinics of America is committed to the communities in which we operate, so no one gets left behind,” adds Roberts. “Yes, we are raising capital to supplement our ongoing growth strategy, but more importantly, we want to expand our network of supporters and attract people interested in helping us promote family health through accurate information and products and services that really work.”
In addition to its focus on family health, Lice Clinics of America is unique because of its ownership and leadership. Half of the corporate leadership team is comprised of women; and 75 percent of the clinics are owned by women. While lice can affect anyone in a family, the chore of dealing with infestations usually falls to moms; and girls tend to get lice more frequently than their brothers. The Reg CF campaign video reflects this female reality and seeks to appeal to women who have previously supported family health causes, and who are interested in equity crowdfunding.
For additional information on Lice Clinics of America’s Reg CF campaign, please visit our investment page.
ABOUT LICE CLINICS OF AMERICA
Lice Clinics of America stands for healthy families and healthy kids, no matter where they live or what their life circumstance is. Our mission is to provide caregivers and medical professionals globally with lice-treatment solutions that are non-toxic, pesticide-free, science-based, completely effectively, and most of all, affordable.
With more than 150 clinics in the US and over 100 internationally, and new products now available at Walmart and other leading retailers, Lice Clinics of America is the world’s largest provider of urgent care lice treatment. Our expert clinicians treat and cure head lice infestations in a single one-hour treatment. The Lice Clinics of America brand is owned by Larada Sciences, Inc. For more information visit www.liceclinicsofamerica.com.
ABOUT STARTENGINE
StartEngine is a premier equity crowdfunding platform, connecting qualified millennials and other investors with tomorrow’s progressive companies. Based in Los Angeles, the company was created in 2013 by Howard Marks, co-founder of Activision, and Ron Miller. StartEngine is committed to revolutionizing the ways startups are funded, thereby helping entrepreneurs achieve their dreams.
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