JTB Technologies
Company Summary
JTB Technologies is a holding company for the following three sub-corporations:
- JTB Industrial Sales Division (Sales and Distribution)
- JTB Products and Services Division (Engineering and Manufacturing)
- JTB Integrated Technologies (Marketing Technologies)
JTB Technologies, Inc. will be located in Richfield, Louisiana. This location is very close to the I-82 corridor, providing excellent access to the Mississippi, Arkansas and Texas industrial markets. JTB’s management acquired its roots in the industrial marketplace while managing RL&I Tool and Machine, Inc., a privately held corporation that operated in Missouri for over twenty-five years.
Further experience was also acquired while managing RL&I’s industrial supply division of RL&I Tool and Machine. In late 1999 the Missouri corporation was closed and the management shown in this plan relocated here to Louisiana. Prior to leaving Missouri, Technical Marketing Technologies LLC, a spin-off of the Missouri based corporation was established, and operates as a sole proprietorship here in Louisiana. With our roots firmly planted in the Industrial marketplace, JTB will provide Industrial and Commercial Tools, Safety Products, and Engineered Sales expertise.
The primary partners in this plan are responsible for all phases of business and product development with special emphasis on bringing the latest in computer design into the business. With our roots firmly planted in the Industrial Products and services market JTB will provide Industrial and Commercial Tools, Re-manufacturing Services and engineering expertise acquired over the last twenty-five years while working with the following business types:
- Automotive – Automotive repair, and Auto body industry.
- Automotive – Auto Makers, and their support industries.
- Primary Metals – Machining Industry – Turbine, Valve, Specialty Manufacturers, and Machining industries.
- Sporting Goods Industry – Sporting Goods manufacturers, and Services industries.
- Mining and Contractor Industry – Hole drilling and Utility service providers
In addition to providing these clients with industrial products, JTB’s sub-divisions will also provide technical expertise, engineering assistance and all types of outsourced industrial services. JTB’s services division will be utilized for these services in many cases.
2.1 Start-up Summary
Initial startup will consist of moving Technical Marketing Technologies, LLC from its present location into a nearby 3,500 sq. ft. commercial facility. 1,000 sq. ft. of sales office area, and 2,500 sq. ft. of production space with provisions for further expansion when needed.
Once this is done, Mr. Jeremy will re-establish all of his previous industrial business contacts to develop a well-rounded offering of products for immediate resale. This will include several catalog offerings with over 50,000 products each. A stock list will also be compiled of the major items to be offered adding more customer support value to the business.
In the production area, approximately $125,000 of machinery allowing the firm to produce its products and services will be added. We will include both manually-operated and computer-controlled equipment, depending on availability. At present, the machine tool market has an excess of available equipment which is driving down the costs to purchase these items down considerably.
During this time (within the initial 60 days of startup), several contract-based developers will be added to begin develop of the internet based software, to later drive the inventory-sharing and customer-interactivity aspects of the business.
We anticipate that within 18 months, the business will be at a level to attract further investment, and will be able to buy out its initial investors.
To achieve our objectives, we are seeking $253,150 in loan financing, and an additional $455,000 of investment. These loan will be paid from the cash flow of the business, and will be secured by the assets of the company, and backed by the character, experience and personal guarantees of the owners. Investors will receive dividends as outlined in the plans for each sub-corporation.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $5,400 |
| Stationery etc. | $1,600 |
| Brochures | $11,500 |
| Headhunter Fees (IT Div.) | $2,000 |
| Consultants | $9,000 |
| Insurance | $2,250 |
| Rent | $2,250 |
| Research and Development | $18,000 |
| Patent Process | $18,000 |
| Computers, Office Equipment, Software | $18,700 |
| Accounting System | $3,500 |
| Demo Models | $1,200 |
| Office Supplies | $2,500 |
| Total Start-up Expenses | $95,900 |
| Start-up Assets | |
| Cash Required | $496,250 |
| Start-up Inventory | $22,000 |
| Other Current Assets | $17,000 |
| Long-term Assets | $79,500 |
| Total Assets | $614,750 |
| Total Requirements | $710,650 |
| Start-up Funding | |
| Start-up Expenses to Fund | $95,900 |
| Start-up Assets to Fund | $614,750 |
| Total Funding Required | $710,650 |
| Assets | |
| Non-cash Assets from Start-up | $118,500 |
| Cash Requirements from Start-up | $496,250 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $496,250 |
| Total Assets | $614,750 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $253,150 |
| Accounts Payable (Outstanding Bills) | $2,500 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $255,650 |
| Capital | |
| Planned Investment | |
| Investment- Industrial Sales Div | $0 |
| Investment- Ind Products and Services Div | $230,000 |
| Investment- Integrated Tech Div | $225,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $455,000 |
| Loss at Start-up (Start-up Expenses) | ($95,900) |
| Total Capital | $359,100 |
| Total Capital and Liabilities | $614,750 |
| Total Funding | $710,650 |
2.2 Company Locations and Facilities
JTB will initially work from its Richfield, Louisiana location, After year 5 of this plan, it may be advantageous for JTB to open 3 additional marketing and support offices in the U.S to help expand its services and product support. These offices can be situated as SOHO businesses providing very low costs of operations for JTB, while still doing a proper job in supporting our products.
If the right individuals are sough out, there also may be additional opportunity for them to sell our services and build customer bases of their own allowing our manufacturing and distribution divisions the ability to pursue these new clients as well.
2.3 Company Ownership
JTB will be a privately held corporation co-owned by Rachel L. Jeremy and her husband, Mitchell R. Jeremy. Rachel Jeremy has 10 years experience in production management, and customer services acquired while she worked with RL&I Tool and Machine, Inc where she was also the Secretary for that corporation. Rachel will also add a large percentage to the minority owned shares, allowing the firm to participate in larger contracts requiring minority involvement.
Mitchell R. Jeremy owns and operates Technical Marketing Technologies LLC, a technology and marketing consulting firm. Mr. Jeremy is an innovator with over 25 years of technical experience in the Industrial market with an additional 15 years of integrating computers and other technologies into the manufacturing and distribution of industrial products. Mr. Jeremy has a proven track record of success in launching new business projects and directing operations for a previous Missouri-based corporation as President of RL&I Tool and Machine, Inc.
A percentage of the stock and royalties from our products will be offered to the initial investors.
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