For Immediate Release Friday 6th March 2015
Rentaballoonrace Limited, a Bolton, based company that licences its US patent pending virtual balloon race software to hospices, charities and schools throughout the UK is set to expand its sales operations over to North America very shortly.
The company has just been selected onto the prestigious Angels Den Crowdfunding platform to raise the £300,000 equity required to fund their significant sales opportunity. Crowdfunding is a relatively new financial system that allows both small and large investors to buy shares in a growing business and receive HMRC approved tax breaks in parallel.
Mike Phillips, managing director, commenting on the good news said, “The USA is rated the world’s #1 charity giving country by CAF, the global Charities Aid Foundation, so it has to be a major market for our virtual race system”.
In November, the company ran one of their 100% eco-friendly races for the Cheshire Scouts and it grossed nearly £30,000. And with the new innovations planned for this year, their 2015 race is expected to more than triple the previous amount. Over the last three years the platform has raised over £3m for good causes.
This recent success now means fundraising for scouts and guides in North America is seen as a priority sub-sector for Rentaballoonrace.com especially with two more scout races contracted in the last few weeks.
Besides the fun elements of the system like decorating your balloon and tracking it as it flies on Google maps, there are major educational outputs available in addition. These include teaching real life aspects of environmental issues, geography, geology and meteorology. Importantly too, the race system is not considered gambling by the UK Gambling Commission.
For more information, contact
Mike Phillips, managing director, Rentaballoonrace Limited
7a Church Bank Bolton BL1 1HX United Kingdom
+44 (0)1204 375500 / firstname.lastname@example.org