Company Overview
| Company Name |
WISHBONE PET PRODUCTS INC. |
| Company Address |
38TH STREET, NEW SEHAILE
BEIRUT 00000 |
| Company Phone |
011-3-861-590 |
| Company Website |
-- |
| CEO |
Rami Tabet |
| Employees (as of 10/22/2012) |
1 |
| State of Inc |
NV |
| Fiscal Year End |
4/30 |
| Status |
Withdrawn (10/22/2012) |
| Proposed Symbol |
-- |
| Exchange |
OTCBB |
| Share Price |
$0.01 |
| Shares Offered |
1,500,000 |
| Offer Amount |
$15,000.00 |
| Total Expenses |
$9,001.72 |
| Shares Over Alloted |
-- |
| Shareholder Shares Offered |
1,500,000 |
| Shares Outstanding |
3,500,000 |
| Lockup Period (days) |
180 |
| Lockup Expiration |
-- |
| Quiet Period Expiration |
-- |
| CIK |
0001557668 |
We will not receive any proceeds from the sale of the common stock offered
through this prospectus by the selling shareholders.
The pet products industry, including the pet waste removal sector, is extremely
fragmented and competitive. The sector includes large entities that mass
produce products for pets, as well as many boutique manufacturers that produce
small batches of dog waste removal products and related accessories, such as
plastic waste bags.
While the principal competitive factors in dog waste removal are product design
and effectiveness, pricing and availability of the product and geographic
coverage are also key. We will compete with many local, regional and national
purveyors of pet products that offer multiple consumer items to pet and
department stores and can therefore command better product placement. Most of
our competitors have greater financial resources and may be able to withstand
sales or price decreases better than we will. We also expect to continue to
face competition from new market entrants. We may be unable to compete
effectively with these existing or new competitors, which could have a material
adverse effect on our financial condition and results of operations.
----
While various companies offer dog waste retrieval products, we are not aware of
any that have all of the features of our proposed product. Current dog waste
removal products fall into one of the following categories:
1. Mechanisms with bags
Products in this group use a mechanism in conjunction with a bag to collect,
carry, and dispose of dog waste. Such products require the user to seal the bag
by hand and many require the user to manually dispose of the bag. In practice
these products are difficult to manipulate effectively and the manner of
operation results in incomplete retrieval of the waste or unintended smearing
of waste on the device. As well, such devices still require the dog owner to be
in close proximity of the dog waste.
2. Mechanisms without bags
Products in this group use some type of mechanism to collect, carry, and
dispose of dog waste. While these products suffer the same disadvantages as the
products in the first group, the primary disadvantage of these products is that
they tend to gather dog waste residue and therefore require periodic cleaning.
This group also includes rakes and shovels.
3. Modified bags
Products in this group include paper or plastic bags that have features added,
such as cardboard or stiff plastic, to keep the users hand from directly
touching the dog waste and make it less distasteful to pick up dog waste. These
products are often bulky and awkward, making transport and handling quite
difficult. Moreover, these products can present difficult cleaning problems and
require the dog owner to be in close proximity of the dog waste. Accordingly,
such products can be considered objectionable from an aesthetic and functional
standpoint.
4. Bags
This group consists of ordinary plastic bags, which are slightly modified or
not modified at all. Modified bags include scented bags, biodegradable bags,
and bags with built-in ties. While use of a plastic bag is the most commonly
employed means for cleaning up dog waste and is the least expensive, it is also
one of the most objectionable. The user must come into direct tactile and
olfactory contact with the dog waste. In addition, the bag requires careful
handling until a suitable waste receptacle is located.
We intend to design a dog waste retrieval device that overcome the
disadvantages of these existing products in order to achieve a competitive
advantage. Our business strategy is based on the view that dog owners will be
willing to pay for a dog waste removal product that allows them to avoid close
contact with the waste.
Company Description
We intend to commence business operations by developing, manufacturing,
marketing, and selling dog waste removal devices. We are currently considered a
development stage company. To date, our president, Rami Tabet, has developed a
device concept that permits the user to enclose dog waste in a
plastic bag this
is contained inside of a sealed plastic case. The user can then disposed of the
plastic bag without direct contact. To date, we have not manufactured or sold
any dog waste removal devices. In order to continue our business plan, we need
to transform our device concept into a working prototype that is suitable for
mass production and then enter into an agreement with a suitable third party
for manufacture. We then intend to initially distribute our products in North
America with a view to expanding our market focus depending on our initial
success.
We anticipate that we will retain consultants and third parties to design a
prototype for our product, as well as manufacture and package our product. We
would be primarily responsible for marketing, distributing, and selling our
product, though we may decide to outsource aspects of these tasks as well. We
expect to incur consulting and engineering costs of approximately $25,000 in
connection with the development of a working dog waste removal device prototype
and anticipate completing a suitable prototype that forms the basis for
manufacturing by December 2013.
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Our principal business office is located at 38 th Street, New Sehaile, Beirut,
Lebanon, and our telephone number is (011) 961-3-861-690.
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