SAN DIEGO, Calif. -June 30, 2014 –WellGauge, Inc. a business formed to design and commercialize well-water measurement solutions (“WellGauge” or the “Company”) today announced that it has engaged Capital Services Group to provide strategic financial advisory services including investment packaging and integration of its Rule 506c Plug-In into its corporate website undera direct public offering of its shares.
The offering will be made available to the general public, its customers and other interested parties, under direct solicitation rules outlined in the new Rule 506(c), which eliminates the prohibition against general solicitation and advertising in connection with offerings under Rules 506 and 144A under the Securities Act of 1933.
Thomas Carter, CEO of Capital Services Group, said that “Water is becoming increasingly scarce and the effective management of water resources is just good and responsible stewardship. WellGauge is developing technologies which provide well-owners with a more reliable and cost-effective way to manage their water supply. We are pleased to work with WellGauge in its effort to secure growth capital needed to commercialize its important technologies.”
According to the NGWA, approximately 42 Million Americans rely on their own private drinking water supplies. The National Ground Water Association, the US Census Bureau and the Department of Labor have determined that there are more than 15 million wells in the United States and more than 1.48 million well pumps ($262M) sold in 2010 alone.
Well-measurement products on the market today are designed primarily for industrial and commercial purposes for the well professional, municipalities or government monitoring applications. These devices are either highly manual (hand-pump, sonar, wetted tape), highly expensive (in excess of $1000), or both. In addition, many of these devices require readings at the well and do not allow for remote monitoring.
With over 15 million domestic and agricultural wells in the U.S. and an average of 800,000 new wells drilled annually, there are tremendous market opportunities for a device that allows well-owners to know the relative "health" and viability of their water resource. However, today, there are no low-cost, automatic, dependable, easy to install, well-water measurement devices available to private well-owners.
The WellGauge Model A-1000 provides unsurpassed ease of use, installation, quality and performance for today’s residential and commercial applications. It delivers what both residential and commercial users / owners are looking for to monitor and proactively manage water usage and the overall health of their well system.
Forward Looking Statements
of the statements included in this press release, which express a belief,
expectation or intention, as well as those regarding future financial
performance or results, or which are not historical facts, are "forward-
looking" statements as that term is defined in the Securities Act of 1933,
as amended, and the Securities Exchange Act of 1934, as amended. The words
"expect", "plan", "believe",
"anticipate", "project", "estimate", and similar
expressions are intended to identify forward-looking statements. These forward-looking
statements are not guarantees of future performance or events and such
statements involve a number of risks, uncertainties and assumptions, including
but not limited to industry conditions, regulatory changes, general economic
conditions, interest rates, competition, and other factors. Should one or more
of these risks or uncertainties materialize or should the underlying
assumptions prove incorrect, actual results and outcomes may differ materially
from those indicated in the forward-looking statements. Readers are cautioned
not to place undue reliance on these forward-looking statements, which speak
only as of the date hereof. The Company undertakes no obligation to republish
tr.v.re·pub·lished, re·pub·lish·ing, re·pub·lish·es
1. To publish again.
2. Law To revive (a libel or a canceled will). revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About WellGauge, Inc.
WellGauge, Inc. was formed to develop, manufacture, commercialize and license its patent-pending WellGauge well-water measurement device which is highly functional, effective and competitively priced to ensure all well-owners will be able to reliably manage and conserve their existing well-water supply. For more information, go to www.wellgauge.com.
About Capital Services Group
Based in San Diego, California, Capital Services Group was formed to provide emerging growth companies with resources and support to more efficiently access growth capital and investor support, including investment packaging, direct public offering, shareholder communications and a planned online investor marketplace.
Capital Services Group, Inc.