With respect to up to 2,500,000 shares of common stock to be sold by us, unless
we provide otherwise in a supplement to this prospectus, we intend to use the
net proceeds from the sale of our securities for general corporate purposes, as
follows:
USE OF PROCEEDS *
% of Shares Sold 25 % 50 % 75 % 100 %
# of Shares Sold 625,000 1,250,000 1,875,000 2,500,000
Gross Proceeds $ 12,500 $ 25,000 $ 37,500 $ 50,000
Less: Offering Expenses* 10,500 10,500 10,500 10,500
Net Proceeds to the Company $ 2,000 $ 14,500 $ 27,000 $ 39,500
Use of Proceeds:
Legal & Accounting $ 0 $ 2,500 $ 5,000 $ 5,000
General Operational Expenses 0 2,000 2,000 4,000
Production & Development 1,500 2,500 2,000 2,500
Administrative Cost 0 0 4,000 4,000
IT Infrastructure (hardware/software) 0 1,000 2,000 2,000
Advertising & Promotion 500 5,000 10,000 15,000
Marketing/Sales Team 0 1,500 2,000 7,000
Total $ 2,000 $ 14,500 $ 27,000 $ 39,500
* Offering Expenses $0.0042/share
Our management will have broad discretion in the allocation of the net proceeds
of any offering. Pending such uses, we intend to invest the net proceeds in
short-term, investment grade, interest-bearing securities. The Company could
operate even with no proceeds from this offering but that the marketing and
advertising efforts would be greatly diminished thus greatly slowing the growth
of the Company.
Company Description
Online Yearbook was formed on August 6, 2012. The Company will provide, produce,
design and publish online yearbooks for schools, companies and government
agencies. As yearbooks have been a staple of junior high and high schools in the
United States going back several generations, the Company feels
that its product
will benefit from the familiarity of the basic concept. The Company will utilize
social networking websites, search engine optimization, banner exchange and
regular media for its marketing efforts.
Online Yearbooks a development stage company that has not commenced its planned
principal operations to date. Online Yearbook plans to initiate marketing and
offer our products to the marketplace approximately six months following the
closing of the offering. Operations to date have been devoted primarily to
start-up and development activities, which include the following:
1. Framework for the business;
2. Evaluate industries as initial markets;
3. Define initial parameters for Personality Packages*, for each
potential market
4. Due diligence on availability of outsourcing and freelance
workers to aid in developing Personality Packages;
5. Due diligence on technology to make our products available to
mobile devices;
6. Conducted research and evaluated server space availability.
* The term Personality Package refers to packages of options for the design of
the yearbook which is likely to reflect the personality of individuals of a
certain geographic area, age group and gender. These design elements include
page, photo and type size, color, graphics and format of the photos on the page.
The Company’s revenues are expected to be derived primarily from subscriptions
to the Company’s yearbooks. The Company has suffered operating losses since its
inception, primarily as a result of start up costs including market research,
test and development of its website to date. T he Company could operate even
with no proceeds from this offering but that the marketing and advertising
efforts would be greatly diminished thus greatly slowing the growth of the
Company.
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Our executive offices are located at 701 N. Green Valley Pkwy #200, Henderson,
NV 890749. Our telephone number is (702) 990-3320.