$RDAR UNITED STATES SECURITIES AND EXCHANGE COMMISSION QUALIFIES RAADR’S FORM 1-A REGULATION A OFFERING STATEMENT
SCOTTSDALE, ARIZONA, UNITED STATES, October 16, 2023 /EINPresswire.com/ -- RAADR, Inc. (OTC PINK: RDAR), a technology and software development company that monitors cyber-bullying and social media platforms with artificial intelligence announced today that The United States Securities and Exchange Commission qualified its Regulation A Offering Under The Securities Act of 1933 stock offering.
RAADR is working with Cooperative Computing, an application development firm, to further develop its cyber-bullying and social media platform with artificial intelligence. RAADR and Cooperative Computing working together were able to successfully re-launch the new RAADR 2.0 parent monitoring application on the IOS platform on February 2, 2023, and on the Google Play Store platform on January 24th, 2023. RAADR plans to launch an application subscription marketing campaign during the first quarter of 2024. We have an initial milestone projection of 10,000 new subscriptions a month for projected revenue from advertisers between $29,500 - $49,500 per month. We expect recurring revenues to begin by the third quarter of 2024.
As of 2011, parents were spending over $1,100 per month to raise their children to the age of 17. Keeping children safe is undoubtedly the most important concern on a parent’s mind, and RAADR will cost parents as little as a quarter of one percent of that monthly expense total. Our tiered pricing starts at $1.95 per month followed by $4.95 per month and $9.95 per month with no contractual commitment (affiliate pricing is TBD). With over 35.2 million US households with children under the age of 18, it’s it is our goal to capture 50,000 of those within 12 months, 500,000 within 2 years, and 2 million of those within 5 years; these subscription figures will generate annualized revenue of between $1.7M and $2.9M by the end of the first year, $17.94M and $29.94M by the end of the second year, and $71.76M and $119.76M by the end of the fifth year. There is, of course, no assurance that RAADR will be able to achieve its goals, even if it is able to obtain adequate capital.
Jacob DiMartino, CEO of RAADR stated “We believe RAADR is poised to make some significant growth of its user base over the next 12 months. The approval of today's filing will ultimately play a huge role in the success of our growing company”.