Paraffin International Raises $500,000 in Seed Round Funding
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6/15/2016 Paraffin International Raises Seed Round Funding http://newswire.net/newsroom/pr/00092868-g-lovetreat-seed-round.html 1/7 Paraffin International Raises Seed Round Funding By Matthew O'Brien (http://newswire.net/profile/Mobrien1) June 10, 2016 Like 4 Tweet RSS (/rssfeeds/channels) PDF (/newsroom/pr/00092868-g-lovetreat-seed-round.pdf) gLOVE Treat Revolutionizes the Paraffin Wax Treatment Industry with innovative, all-in-one solution. (http://www.glovetreat.com/) gLOVE Treat All-In-One Paraffin Wax Treatment (Newswire.net (http://newswire.net) -- June 10, 2016) Phoenix, AZ -- Paraffin International Inc. today announced that the company has closed a $500,000 seed funding round from a group of Scottsdale-based investors. “We are excited and proud to have the financial support of our Arizona-based, seed round investors, many of whom also bring strategic value to the company as we seek to further expand our customer base and distribution partnerships,” said Kevin Weber, CEO of Paraffin International. The company has also received non-dilutive financial capital of $250,000 from the Arizona Commerce Authority as a winner of the fall of 2015 Arizona Innovation Challenge. For the six months ending April 30 , Paraffin has increased sales revenue by 294% compared to the previous six months, and has significantly expanded its customer base. The company will use this seed investment to continue to increase revenue by hiring an accomplished product marketer, expand gLOVE Treat sales and marketing programs, establish a manufacturing base in Arizona and prepare the launch of gLOVE Treat into the occupational/physical therapy market early in 2017. “gLOVE Treat is truly revolutionizing the way paraffin wax treatments (http://www.glovetreat.com/pages/about-us) are administered in the United States and this funding will enable the company to add the personnel and programs to accelerate its revenue growth,” said Deanna Montrose, the inventor of gLOVE Treat and the founder of the company. gLOVE Treat gloves and boots (http://www.glovetreat.com/pages/faqs) are an innovative, all-in-one solution to the disadvantages of traditional paraffin wax treatments. The easy-to-use, self-contained paraffin gloves and boots feature patented technology that allows the all-natural paraffin formula, which also contains lavender and coconut (http://newswire.net/) th
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Transcript of Paraffin International Raises $500,000 in Seed Round Funding
6/15/2016 Paraffin International Raises Seed Round Funding
http://newswire.net/newsroom/pr/00092868-g-lovetreat-seed-round.html 1/7
Paraffin International Raises Seed RoundFundingBy Matthew O'Brien (http://newswire.net/profile/Mobrien1) June 10, 2016
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RSS (/rssfeeds/channels) PDF (/newsroom/pr/00092868-g-lovetreat-seed-round.pdf)gLOVE Treat Revolutionizes the Paraffin Wax Treatment Industry with innovative, all-in-one solution.
(http://www.glovetreat.com/) gLOVE Treat All-In-One Paraffin Wax Treatment(Newswire.net (http://newswire.net) -- June 10, 2016) Phoenix, AZ -- Paraffin International Inc. today announced thatthe company has closed a $500,000 seed funding round from a group of Scottsdale-based investors.
“We are excited and proud to have the financial support of our Arizona-based, seed round investors, many of whomalso bring strategic value to the company as we seek to further expand our customer base and distributionpartnerships,” said Kevin Weber, CEO of Paraffin International. The company has also received non-dilutive financialcapital of $250,000 from the Arizona Commerce Authority as a winner of the fall of 2015 Arizona InnovationChallenge.
For the six months ending April 30 , Paraffin has increased sales revenue by 294% compared to the previous sixmonths, and has significantly expanded its customer base. The company will use this seed investment to continueto increase revenue by hiring an accomplished product marketer, expand gLOVE Treat sales and marketingprograms, establish a manufacturing base in Arizona and prepare the launch of gLOVE Treat into theoccupational/physical therapy market early in 2017.
“gLOVE Treat is truly revolutionizing the way paraffin wax treatments (http://www.glovetreat.com/pages/about-us)are administered in the United States and this funding will enable the company to add the personnel and programsto accelerate its revenue growth,” said Deanna Montrose, the inventor of gLOVE Treat and the founder of thecompany.
gLOVE Treat gloves and boots (http://www.glovetreat.com/pages/faqs) are an innovative, all-in-one solution to thedisadvantages of traditional paraffin wax treatments. The easy-to-use, self-contained paraffin gloves and bootsfeature patented technology that allows the all-natural paraffin formula, which also contains lavender and coconut
(http://newswire.net/)
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6/15/2016 Paraffin International Raises Seed Round Funding
http://newswire.net/newsroom/pr/00092868-g-lovetreat-seed-round.html 2/7
oils, to penetrate the skin and provide exceptional moisture absorption in less than 15 minutes.
gLOVE Treat recently earned a coveted spot on O, The Oprah Magazine’s acclaimed O List, a hand- selectedcompilation of Oprah Winfrey’s favorite consumer products and gift items, making its debut in the January 2016issue.
For more information or to purchase gLOVE Treat, visit www.glovetreat.com. (http://www.glovetreat.com/)
About Paraffin International Inc. and gLOVE Treat
gLOVE Treat is a patented, all-in-one enhanced paraffin wax treatment for hands and feet, created by licensedcosmetologist and award-winning salon owner Deanna Montrose. Manufactured, marketed and trademarked byArizona-based Paraffin International Inc., the revolutionary paraffin gloves and boots, eliminate the pain points forthe paraffin industry and change the way customers experience paraffin wax treatments. With therapeutic andaesthetic benefits, the all-natural paraffin formula restores, replenishes and soothes tired, dry hands while relievingthe effects of aging, bursitis, fibromyalgia, psoriasis and multiple forms of arthritis. gLOVE Treat’s innovative designhas been featured in O, The Oprah Magazine, Refinery29, the FABLife Show, and Arizona Foothills. For more, visitwww.glovetreat.com.
About CEI
Paraffin International Inc. currently operates out of the Center for Entrepreneurial Innovation (CEI), a Phoenix-basedbusiness incubator that supports innovative companies at all stages of development in the bio- and life-science,medical device, clean and renewable technology and software-as-a-service industries. CEI offers customizedbusiness advisement and growth strategy development, specialized mentorship, discounted 3D printing andengineering services, as well as flexible office and/or wet lab space to each of its client companies.
NOTE: All trademarks and registered trademarks are the property of their respective owners.
gLOVE Treat275 N. Gateway Drive, #131 Phoenix, AZ 85034 United States 480-214-4491 [email protected] (mailto:[email protected]) http://www.glovetreat.com/ (http://www.glovetreat.com/)
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gLOVE Treat Customer Demo
