SCOR stands for Small Company Offering Registration, a procedure designed to help small corporations raise working capital. Through SCOR, a company can raise up to $1 million annually by selling securities directly to the public without having to go through a brokerage firm. The securities do not have to be registered with the Securities Exchange Commission, but they
do need to be registered with the state.
We were excited to announce that our SCOR for our common stock offering was approved! We feel this was an enormous boost to our fundraising efforts. Back in June of "05", we met with Dan Sexton from the Department of Commerce for the State of Minnesota on this additional filing for our share offering. The initial PPM (Private Placement Memorandum) though helpful to our cause, was very restricting in type and total number of investors. It also restricted our ability to inform the public to a one-on-one word of mouth or private meeting basis only.
What this meant was that we are now permitted to sell shares to more individuals and we are allowed to advertise the
share offering. We feel this dramatically increased our project exposure and fundraising ability.
We then began our advertising campaign to get the word out to the general public. We continue to market the facility and share offering through TV ads, magazine and news paper ads, press releases, direct mailers, posters, broadcast emails and of course here on our web site.
If you would like to be added to our direct mailer list, please email us HERE your Name, current postal mailing address and contact phone number.