CHICAGO, IL--(Marketwire - Jul 24, 2012) - myTeamSuite is focused on the value-driven social customer relationship management software concept that coordinates interaction between business and the social customer; project planning, value metrics, business processes, future performance strategies, and more, all supported with best practices.
Joseph Bernard, CEO of myTeamSuite, stated, "…we are utilizing the new crowd funding legislation embedded in the Obama Jobs Act and helping establish a process that will make crowd funding safe and easy to administer at the federal level."
Crowd Fund Websites and the SEC
On June 27th, myTeamSuite filed a Form 1-A with the SEC. In their filing, they announced their plan to utilize crowd fund websites to sell equities once they have been approved. Bernard stated further, "The SEC has an established process for determining who can and cannot offer equities using public exchanges. The Form 1-A requires some effort to generate, but it answers all of the questions that both savvy investors and intermediate investors need answers to before making a commitment. Simply by adding exhibits to the traditional filing that call out exactly how the crowd funding solicitation will be structured and presented to the public, the 1-A sets the standard; and we are confident that the SEC agrees."
Open Source Software / Sales Force Automation
myTeamSuite currently has two campaigns on Indiegogo.com that solicit crowd participation to sell their products, Customer Select - Survival of the Fittest, and help raise operating capital. Bernard stated, "We expect the SEC to render a decision on our application and approach to the crowd funding market very soon. If things go as we expect, this should accelerate the process of establishing firm regulatory processes for crowd funding. This will put myTeamSuite on the fast-track in the SaaS CRM software market and on the front lines ready to take on clients for the game changing approach."