Company Overview
| Company Name |
RELIANT SOLUTIONS, INC. |
| Company Address |
3050 E. CHEVY CHASE DR.
GLENDALE, CA 91206 |
| Company Phone |
8184345244 |
| Company Website |
www.ReliantNow.com |
| CEO |
Patrick C. Brooks |
| Employees (as of 9/18/2012) |
1 |
| State of Inc |
CO |
| Fiscal Year End |
7/31 |
| Status |
Filed (9/18/2012) |
| Proposed Symbol |
-- |
| Exchange |
OTCBB |
| Share Price |
$0.01 |
| Shares Offered |
5,000,000 |
| Offer Amount |
$50,000.00 |
| Total Expenses |
$10,000.00 |
| Shares Over Alloted |
-- |
| Shareholder Shares Offered |
3,000,000 |
| Shares Outstanding |
8,000,000 |
| Lockup Period (days) |
180 |
| Lockup Expiration |
-- |
| Quiet Period Expiration |
-- |
| CIK |
0001556498 |
The Company anticipates the proceeds from the sale of securities under this
prospectus will be $20,000. We expect to disburse these funds as follows:
Total proceeds $ 20,000 100 %
Less: offering expenses 10,000 50 %
Available working capital 10,000 50 %
Less: Website development 1,800 9 %
Internet expenses 900 4.5 %
Marketing 3,000 15 %
Professional fees 2,500 12.5 %
Office usage 1,200 6 %
Office expenses 600 3 %
Total Use, All Proceeds $ 20,000 100 %
The expenses shown above are estimates only. The actual expenditures may
differ from the estimates. Future events may require that the use of the
offering proceeds include expenditures other than those set forth herein.
Changes in the proposed application may be made at the discretion of the
Board of Directors.
Pending utilization of the proceeds as provided herein, or as otherwise
directed by the Board of Directors, the Company will invest all or part of the
proceeds of this offering in certificates of deposit, savings deposits,
short-term obligations of the United States, or they may be left in
interest-bearing checking accounts.
The foregoing expenditures are budgeted for a six month period. We anticipate
that we will require additional capital to effectively support our operations
and to otherwise implement our overall business strategy. Such additional
funds may come from the sale of equity and/or public or private debt. Such
financing may not be available. Even if such financing is available, it may
be on terms that are materially adverse to your interests with respect to
dilution of book value, dividend preferences, liquidation preferences, or
other terms. No assurance can be given that such funds will be available or,
if available, that it will be on terms satisfactory to us. If we are unable to
obtain necessary financing, we may be forced to suspend or cease operations.
The Company has many potential competitors in the business consulting
services industry. We consider the competition to be competent, experienced,
and they have greater financial and marketing resources than we do at the
present time. Our ability to compete may be adversely affected by the ability
of these competitors to devote greater resources to the marketing of their
services than are available to our Company. Some of our competitors also
offer a wider scope of services and have greater name recognition. Our
competitors include accounting firms, both large and small, with extensive
customer bases.
The Company has identified, analyzed, and broken down the competition into
three major classes. These include individual consultants who devote their
fulltime to marketing themselves to potential clients, small to medium sized
accounting businesses that operate business consulting divisions in addition
to their primary accounting and auditing businesses, and consulting companies
that possess a substantial amount of skilled and experienced employees under
contract. Further, because of the ease of entry into the marketplace, it is
probable that additional, better financed, and more experienced companies and
individuals will enter the marketplace and compete with us. We can offer no
assurance that we will be able to compete effectively with such businesses or
that our business model will be successful.
Company Description
We are a start-up company organized under the laws of Colorado on July 22,
2012. We are without revenues or operations, we have minimal assets. To date,
our operations have been limited to organizational activities, development of
a business plan and initial steps in the implementation of our
business plan.
We intend to engage in the business of offering general business
services/support to start-up companies; small and medium sized business
planning to expand; individuals, other businesses and organizations; and,
“going public” companies and small public companies. We plan to offer a
comprehensive service tailored to the client’s needs and desired goals. We
have not conducted an economic feasibility study into the likelihood of
success of our business.
We have minimal capital resources. As of July 31, 2012, stockholder’s equity
totaled $3,500. We have cash on hand of $6,000 and liabilities of $2,500. Our
auditors have issued a “going concern” opinion. This means that there is
substantial doubt that we will be an ongoing business for the next twelve
months. We believe that this opinion is, in part, based on the fact that we
have minimal capital, experienced losses and dependent on the infusion of
capital in order to operate our business. There is no assurance that
additional financing will be available to us. If we are unable to obtain
financing, we will be unable to continue the implementation of our business
plan. In this eventuality we may suspend or cease operations..
We are an “emerging growth company” within the meaning of the federal
securities laws. For as long as we are an emerging growth company, we will not
be required to comply with the requirements that are applicable to other
public companies that are not “emerging growth companies” including, but not
limited to, not being required to comply with the auditor attestation
requirements of Section 404 of the Sarbanes-Oxley Act, the reduced disclosure
obligations regarding executive compensation in our periodic reports and
proxy statements and the exemptions from the requirements of holding a
nonbinding advisory vote on executive compensation and shareholder approval o
f any golden parachute payments not previously approved. We intend to take
advantage of these reporting exemptions until we are no longer an emerging
growth company. For a description of the qualifications and other
requirements applicable to emerging growth companies and certain elections
that we have made due to our status as an emerging growth company.
We do not believe that we are a blank check company as defined in Rule 419 of
Regulation C. We have a specific business plan we intend to implement.
Further, we have no plan or intention to engage in a merger or acquisition
with an unidentified company, companies, entity or person. Moreover, our
officers and directors and our affiliates do not intend that, the Company o
nce it is reporting, be used as a vehicle for a private company to become a
reporting company.
There is no public trading market for our common stock. Our shares are not
and have not been listed or quoted on any exchange or quotation system. As a
result, an investor may be unable to liquidate his investment should he
desire to do so.
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Our principal executive offices are located at 3050 E. Chevy Chase Drive,
Glendale, CA 91206. Our telephone number is 818 434 5244 and our fax number
is 818 246 3291. Our website is www.ReliantNow.com.
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