The MyCity SmartCard app has been fully developed and operating in its initial version successfully since 2016. Version 2.0 with substantial enhancements in capabilities and features will launch November, 2018.
$1/share of Preferred Stock | When you invest you are betting the company’s future equity value will exceed $16M.
Dividend Rights: 5% of net on gross profits
Liquidation Preference over Common Stock holders
Conversion Rights: 5 shares of Common Stock per share of Preferred Stock upon the earlier of:
(i) October 31, 2021
(ii) an IPO, or
(iii) sale of the Company
See the Offering Details below for a complete set of terms.
Investors who invest from $250-$999 will receive $100 in credits on the SmartCard App usable in available markets.
Investors who invest from $1,000 or more will receive $250 in credits on the SmartCard App usable in available markets.
You must have downloaded the free MyCity SmartCard app to use these credits.
*All perks occur after the offering is completed.
Customers get a full-valued good or service at a discount.
Merchants get full-value advertising for the price of their hard costs.
Media partners sell more advertising.
This user-friendly process and platform makes it easy for customers to purchase goods and services from businesses they are looking for but otherwise aren't exposed to in the traditional advertising model.
“Is this going to work for me?”
We have seen that when it comes to advertising, small-, medium-, and large-sized businesses find themselves debating whether or not spending money on advertising is worth it. In the traditional advertising model, there are no guarantees, and businesses owners often do not feel as if they get a return on their investments.
SmartCard offers a solution. We believe when using SmartCard, businesses assume NO risk! They never receive an invoice and only pay if the advertising works. They get full-value ads for the price of their hard costs.
Pay As You Go Advertising
SmartCard offers businesses a way to get traditional advertising to mass audiences in order to educate, sell and promote their goods and services with no upfront expenses. The only time the business has an expense is when a customer comes in and uses the app. So, the cost of the advertising is only the cost associated with the sale.
We believe the discounts from the SmartCard App will entice new customers to try businesses for the first time.
Two big issues that media outlets (TV, Radio, Newspaper, Magazine, Internet) face when it comes to advertising are an inactive advertiser list and lack of consistency. Advertising has gotten very expensive, and media outlets can't make guarantees on return on investment. This makes it difficult to not only obtain but also to keep merchants advertising on their platforms.
SmartCard generates new revenue streams for media outlets, while also boosting sales for merchants and helping to create and retain a new, loyal customer base. Media partners get new revenue from businesses who may have been reluctant to advertise before.
SmartCard is not a new product to sell, but rather a new technology to monetize all of a media outlet's existing advertising products.
Media outlets tap into their unused ad space and their inactive advertisers list.
Businesses reduce their cost of advertising and increase traffic.
Media outlets offer the advertisers' goods and services at a discount.
Media outlets have a larger and more consistent list of advertisers.
In the advertising world today, we believe the best a small business can do is try to advertise in a place where they think their average customers read, watch, or listen. This all happens at an ever-increasing cost to merchants, with nothing but hope for a return on investment. The challenges to businesses are only increasing with the growth of online marketing, advertising, sales and the fragmentation of the consumer markets themselves.
Nonetheless, advertising is critically important to success. Our partners have been in the marketing and advertising industry for over 40 years and have always felt there has to be a better way for small businesses to get results from their advertising.
The Potential of SmartCard Technology
If only 1/10th of 1% of existing US businesses use this model, and each business spends only $1,000 a month (an unusually low ad budget), SmartCard revenue has the potential to be $360 million! And with the current business model, SmartCard keeps 20% of all money that flows through the technology. Furthermore, most apps require thousands and thousands of downloads to be financially successful. However, with SmartCard, it only takes a couple hundred downloads per market to recoup revenue.
North Coast Journal, Current Media Partner
As evidenced by the North Coast Journal test market, the potential for growth is real. Having more investors on board means SmartCard will have the necessary capital to expand at the rate the market demands. Funding will be used in the following ways:
With more capital, SmartCard will be able to deploy this business model in multiple markets, while preserving the quality of service we deliver to our customers.
Maximum 200,000* shares of Preferred Stock ($1,000,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 2,000 shares of Preferred Stock (10,000)
Company: MyCity SmartCard, Inc.
Corporate Address: 265 Riverchase Pkwy E, Suite 101, Hoover, AL 35244
Description of Business: SmartCard offers businesses a way to advertise on TV, radio, and print with a 100% guarantee that it works or there is not cost to the business. Businesses trade their products and/or services with a media partner, which then, uses SmartCard to sell this trade at a discount to customers.
Type of Security Offered: Preferred Stock (the "Shares" or "Securities") See Offering Details for a complete set of rights and preferences
Purchase Price of Security Offered: $5 per Share
Minimum Investment Amount (per investor): $250
*All perks occur after the campaign is completed.
The company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
Most recent fiscal year-end
Prior fiscal year-end
|Total Assets||$5,827.00 USD||$8,858.00 USD|
|Cash And Cash Equivalents||$5,827.00 USD||$8,858.00 USD|
|Accounts Receivable||$0.00 USD||$0.00 USD|
|Short Term Debt||$47,800.00 USD||$5,000.00 USD|
|Long Term Debt||$0.00 USD||$0.00 USD|
|Revenues And Sales||$210,873.00 USD||$7,963.00 USD|
|Costs Of Goods Sold||$182,443.00 USD||$5,000.00 USD|
|Taxes Paid||$0.00 USD||$0.00 USD|
|Net Income||-$45,831.00 USD||$2,459.00 USD|