SOURCE: truCrowd Texas, Inc.

truCrowd Texas, Inc.

September 29, 2015 10:21 ET

Texas Crowdfunding Exemption Is Good for Business

Three Equity Offerings Listed; More to Come

HOUSTON, TX--(Marketwired - September 29, 2015) - Three companies are now ready to accept Texas non-accredited and accredited investors on truCrowd.com. Taking advantage of the relatively new Texas crowdfunding exemption, Texas non-accredited investors can now invest up to $5,000 in any equity offerings and become shareholders.

truCrowd lists any Texas company from any industry: pmBLOX, Inc is a better/smarter MS Project alternative, already developed with SBIR (government) funds ($850,000), Shayne Foods, Inc is a Texas gourmet foods manufacturer and PocketGlobe, LLC is an app for all your local needs.

Our offering creating process and the pricing structure are embraced by the entrepreneurs: "The whole process of getting listed was not at all complicated, even if at first look it seemed unapproachable," says Joseph Whittington - CEO of PocketGlobe, LLC. "Our costs to get listed were nominal, truCrowd has no upfront fees, we had to pay only for two mandatory third party services," says Wayne Lowery, Jr. - CEO of Shayne Foods, Inc.

Any Texas entrepreneur that wants to get funded via the Texas crowdfunding exemption have to go through these steps:

  1. Create a business plan;
  2. Get a startup valuation (17 pages report) -- free of charge;
  3. Fill out Disclosure Statement, Summary of the Offering and the Crowdfunding Notice;
  4. Pay for "bad actor check" and for escrow account.

For Investors, the process is even easier:

  1. Sign up and certify you are Texas residents;
  2. Add funds in your truCrowd Investor account;
  3. Find deals/companies you like and become shareholder.

About truCrowd Texas, Inc: a Texas equity crowdfunding portal, enables Texas startups and businesses from any industry to raise up to $1 million per year from both non-accredited and accredited investors in Texas. And, for the first time in decades, non-accredited investors from Texas are allowed to invest up to $5,000 in each offering they like and become shareholders.

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