ILLINOIS HAS ITS FIRST INTRASTATE EQUITY CROWDFUNDING SUCCESS:
USING THE TRUCROWD ILLINOIS PLATFORM, AIRCHICAGO HOLDINGS, INC RAISED OVER $150,000 FROM OVER 90 INVESTORS IN ONLY 5 WEEKS.
Chicago, IL, Thursday, January 25, 2018: Launched in November of 2017 on the truCrowd Illinois platform, AirChicago Holdings only took 5 weeks to raise its goal of $150,000 becoming the First Successful Equity Crowdfunding campaign using the Illinois Intrastate Crowdfunding law. truCrowd Illinois is an SEC-approved Investment Portal operating under Regulation Crowdfunding (Title III of the JOBS act). AirChicago Holdings, Inc. is a private-jet-travel company based at Chicago Executive Airport in Wheeling, IL that offers, for the first time, the opportunity for Illinois residents to travel on private jets at airline fares.
Exclusive access to AirChicago Flights is through ownership of an AirChicago Jet Card. Investors in AirChicago’s crowdfunding offering received an AirChicago Founder Jet Card as part of the return on their investment. For every $1,000 invested in AirChicago, investors received four complementary flights on AirChicago each year for life. They also received 30 shares of AirChicago stock. Each additional $1,000 investment in AirChicago yields an additional four complementary flights on AirChicago each year for life and 30 shares of AirChicago stock. AirChicago Founder Jet Cardmembers can purchase additional AirChicago flights beyond their four complementary flights each year at airline-coach fares.
AirChicago flew its inaugural flight on January 15th, 2018 from Chicago to New York City. Additional routes will be opened to 30 of the most-popular business-and-leisure destinations in the U.S. as quickly as possible. The flights will depart Chicago Executive Airport in the morning and return in the early evening Monday through Friday. The selected routes are the busiest airline-travel routes out of Chicago.
“This is a great step forward for the intrastate equity crowdfunding space” states Florence Hardy, CEO of truCrowd Illinois. “We have worked hard with the Secretary of State and our partners to make equity crowdfunding a reality for businesses in Illinois and this first success proves it can work.” truCrowd Illinois is currently working with a number of businesses to get their campaigns listed and start the fundraising process and expects to have 5 offerings ready for investment by February 28th, 2018. truCrowd Illinois currently has a database of over 2,000 Illinois investors looking for opportunities and individuals can sign up to view the upcoming offerings at il.trucrowd.com.
About truCrowd Illinois: The first registered Equity Intrastate Crowdfunding Platform in Illinois, TruCrowd Illinois focuses on providing equity financing opportunities to Illinois business owners and investment/wealth building opportunities to Illinois residents. Located in the heart of the financial district of downtown Chicago, truCrowd is an equity crowdfunding portal operating under Regulation Crowdfunding (Title III of JOBS ACT) and connects startups and emerging businesses with non-accredited and accredited investors. Built on the belief that not all businesses and investors are alike, we pride ourselves on delivering a personalized and professional funding experience through industry-leading technology. Our truCrowd team consists of ordinary people with extraordinary passion and experience. We have all dedicated ourselves to making truCrowd the most user-friendly equity crowdfunding portal for funding your startup or investing in startups. Our collective talent in finance, marketing, content and design form a powerful team committed to achieving and maintaining the #1 equity crowdfunding portal in America.
About AirChicago: The AirChicago private-jet-travel experience starts with booking your flight through an easy-to-use App. AirChicago Jet Cardmembers can arrive at Chicago Executive Airport as little as 15-minutes before departure and enjoy free parking a short walk from their departure gate. There are no TSA hassles, delays, lost bags or bumping associated with travel on AirChicago. Ten-to-fourteen-passenger executive jets are used for the innovative AirChicago private-jet service. Travelers on AirChicago flights enjoy complimentary beverages and meals that are served by two friendly and helpful flight attendants. The flights are flown by pilots that meet or exceed FAA standards. When they arrive at their destinations, AirChicago travelers will find their ground transportation and bags waiting for them when they get off the airplane. On average, AirChicago Jet Cardmembers save over 3 hours on each one-way flight. This makes one-day business trips a reality again.