Snug Vest Secures Major Investment

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Autism Society sponsor company receives $500,000 prior to annual national conference

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We support the needs of the education and special needs communities and are dedicated to the success of Snug Vest and the development of other technologies proven to benefit individuals with special needs.

In advance of the 46th Annual Autism Society National Conference in Denver July 8-11, Snug Vest (by Wearable Therapeutics Inc.) announces the procurement of a $500,000 CAD investment. The company develops a therapeutic vest that provides anxiety relief and stress management for families dealing with autism and will use the funds to increase marketing efforts, as well as to expand production, technology development and clinical research.

The Autism Society’s annual conference is one of the largest events to host autism families, vendors, educators, legislators and key allies to the special needs community. The conference offers more than 100 breakout sessions, networking opportunities, an exhibit hall with autism resources and tools, and a keynote presentation by Dr. Temple Grandin, Colorado State University professor and autism activist. Snug Vest will be in attendance at the conference to demonstrate its product and to meet with participants at booth 607. To secure resellers, five people will be selected to model Snug Vest to attendees.

Twelve investment groups contributed funds to Snug Vest, lead by Arc Capital Development, an early-stage venture firm that invests in companies with a double bottom line approach in the education technologies and special needs marketplace. Founding Principal Kevin Custer is a board member of the Autism Society of America, and a recognized leader in the development and growth of successful businesses in the online, enterprise and autism markets.

“Snug Vest is providing an innovative tool that is changing the lives of those with autism,” said Kevin Custer, investor and founding principal of Arc Capital Development. “We support the needs of the education and special needs communities and are dedicated to the success of Snug Vest and the development of other technologies proven to benefit individuals with special needs.”

Snug Vest is a therapeutic wearable vest that targets anxiety and stress management for families dealing with autism. The company has received international recognition and awards for its product design and its community efforts. In 2014 Snug Vest received the Red Dot Product Design Award, was a finalist for the Medical Design Excellence Award and its founder made a successful appearance on CBC's Dragons Den program.

“We’re pleased to receive a major investment from a group of people that have years of experience in changing the lives of those families affected by anxiety and autism,” said Lisa Fraser, founder and CEO of Wearable Therapeutics Inc. “The conference provides an excellent opportunity to demonstrate how Snug Vest can improve the quality of life for those dealing with stress, anxiety and sensory developmental disorders.”

About Snug Vest
Snug Vest is a therapeutic product for individuals with autism, sensory processing disorder or anxiety. Snug Vest inflates to provide adjustable and evenly distributed pressure to the torso for a comforting hug-like squeeze without pressure placed on the stomach or chest and is used by occupational therapists, teachers, adults and children. It is especially effective for individuals managing autism, high levels of stress, or sensory processing disorders. Snug Vest is based in Vancouver, British Columbia, Canada. For more information, visit http://www.snugvest.com.

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