Carson City, Nevada (PRWEB) October 10, 2013
A recent ruling by the Securities and Exchange Commission (SEC), allows startups to publicly advertise while seeking investors. The rule change was enacted under the JOBS Act to help stimulate economic growth and effectively eliminates an 80-year old ban that prohibited public advertising prior to the offering of shares in a company.
This significant SEC change allows Paradise Publishers Inc., an e-book publisher and distributor with 3.4 million member customers, to announce it is seeking investment capital to fund a public offering of shares for its digital publishing company. Since launching just 7 years ago, Paradise has more than 20,000,000 e-book downloads and enjoyed year-over-year revenue growth proving it’s both a scalable and sustainable business. The accomplishment is remarkable, considering this was during one of the worst recessions in history. Despite this, the company has achieved noteworthy, and often double-digit, revenue growth.
For the first time since 1933, companies like Paradise Publishers may openly present their investment opportunity and solicit participation in potential public offerings. Since September 2013, it is legal to use both traditional media and online channels including social media platforms, like Facebook and Twitter.
Nicolas Gremion, CEO of Paradise Publishers Inc., exclaims, “We are thrilled to be able to offer our members the first chance to actually own a piece of the same, fast-growing and prosperous company and e-book sites, that they themselves have been champions of for many years. Now readers, authors, and other supporters of digital publishing can share in our success.”
The company’s 1.5 million newsletter subscribers will be the first recipients invited to take advantage of owning part of a debt-free enterprise with seven years of consistent growth and healthy profits. Next, it’ll be broadcast across multiple digital media platforms. The company’s websites have traffic yielding two million unique visitors per month. Paradise’s flagship site Free-eBooks.net is frequently rated #1 by Google for “free eBooks” and consistently ranked within the top five searches, despite regular changes to Google search engine algorithms.
Paradise Publishers Inc. is a U.S. based global, online publisher of both fiction and non-fiction books, benefiting from broad exposure as a content supplier to big name brands,including Apple iPad, Amazon Kindle, Barnes & Noble Nook, Kobo and more. It distributes digital eBooks at no cost via http://www.Free-eBooks.net and http://www.Foboko.com.