Page 4 - NTIT Solutions, LLC: “Go Locker”
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Executive Summary Business Overview  Innovative, patented, portable abdominal exercise device that provides unrestricted multi- directional range of motion for core muscle exercises  Ab Machine will be the first-to-market multi-directional core muscle device for consumers  Company will utilize an attractive and safe design for product manufacturing  Versatile design ensures wide range of muscle groups and uses  Management team brings top-tier experience and industry knowledge Financial Projections  Year 1 revenues are projected at $1.8M with net income of $802K or 42.5%  Year 5 revenues are projected at $6.7M with net income of $1.7K or 50.0%  EBITDA is projected at 51.3% for Year 1, increasing to 58.5% by Year 5  Net Present Value is $5.2M, with IRR of 374.9% Sources and Uses  The company is seeking an additional equity raise of $302 thousand for startup expenses  Budget includes expansion costs such as business fees, prototyping, design, and production, as well as 10 months’ working capital Company Introduction A. Company Introduction Ab Machine (or the "Company") is the creator of an innovative core muscle exercise device known as the Ab Machine. This device allows unrestricted, multi- 7.6 million directional, movement-based exercise. With over 3 Americans used years of development culminating in its latest patented ab devices in and trademarked technology, the Ab Machine will 2012 change the way people quickly and easily achieve a core workout. Rather than using multiple machines and devices to receive a full core workout, the Ab Machine provides an all-in-one solution. With its light, compact, and portable design, the Ab Machine is extremely easy to use at work, while traveling, or at home. As of 2012, 7.6 million Americans regularly used ab machines and devices. Additionally, the household exercise equipment industry has grown 12% from 2008 to 2012, reaching $3.6 billion in revenue. 4
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