Initial Crowd Offering, Inc. and CrowdCheck, Inc. Announce Letter of Intent to Protect ICO Investors by Performing Due Diligence Investigations on ICO Filers

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Initial Crowd Offering, Inc. and CrowdCheck, Inc. today announced the execution of a letter of intent to perform due diligence and background investigations on companies filing initial crowd offerings™. CrowdCheck’s third-party due diligence investigations are designed to meet the unique requirements of equity crowdfunding. These investigations provide a level of assurance and fraud prevention that Initial Crowd Offering™ is dedicated to offer its investors.

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According to Sara Hanks, CrowdCheck CEO, “We do the due diligence that we’d do if we were investing our own money, or looking after our own grandmothers’ investments. We go beyond the minimum checks that the law requires."

Initial Crowd Offering, Inc. today announced it has executed a letter of intent with CrowdCheck, Inc. to protect ICO investors with CrowdCheck’s due diligence and background investigations. “The due diligence and background investigations will be a vital component of ICO’s mission to provide investors with opportunities that have been scrutinized at a level never seen before,” according to Perry West, CEO.

The ICO platform leverages state-of-the-art technology to ensure the most transparent environment for investing in small and emerging businesses. This transparency is key to the safety of ICO investors.

Companies seeking capital will post business descriptions, financial statements, executive profiles, business plans, and other documents explaining the investment opportunity. Professional investment firms, such as venture capitalists and private equity funds, have armies of lawyers who perform “due diligence” verifying that the company’s information is accurate, confirming that the company exists, determining whether managers are who they say they are and that they are operating their business the way they say they are. CrowdCheck’s due diligence and background investigations will provide these types of checks at a level suitable for ICO investors.

According to Sara Hanks, CEO, “We do the due diligence that we’d do if we were investing our own money, or looking after our own grandmothers’ investments. We go beyond the minimum checks that the law requires.” Being checked by CrowdCheck helps entrepreneurs prove that they are legitimate, which makes it more likely that their companies will get funded.

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Crowdfunding Defined:

Crowd funding is defined as the collective effort by people who network and pool resources to finance projects, businesses and other ventures. Specifically, this involves raising capital by receiving small investments from a large cross-section of people (the Crowd) in an Internet community.

Crowdfunding is typically conducted via an Internet-based funding portal. The term “crowdfunding” includes and is sometimes referred to as crowd financing, equity crowdfunding, crowdraising, capital crowd sourcing, crowdcapital, and other similar terms.

ICO is implementing equity crowdfunding in the United States pursuant to new laws included in the CROWDFUND Act of 2012 (part of the JOBS Act), which legalized securities-based crowdfunding in our country. These new laws allow small and emerging businesses to raise up to $1 million by offering equity or debt investments to crowd investors.

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About CrowdCheck, Inc.:

CrowdCheck is a company founded by Sara Hanks, Brian Knight, and Thaya Knight, lawyers with financial market and start-up backgrounds to help entrepreneurs access capital and protect investors. CrowdCheck helps companies navigate disclosure requirements, and performs due diligence checks on start-ups to protect investors and the start-ups themselves. The results of these investigations will be available on the company's website. CrowdCheck also provides free education services, seminars and presentations for businesses and incubators that are interested in learning more about the potential of crowdfunding, more details are available at http://www.crowdcheck.biz.

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About Initial Crowd Offering, Inc.:

An Initial Crowd Offering™ (ICO) is the IPO for small business.

The ICO platform connects investors with small and emerging businesses, allowing direct, real-time investments in exchange for equity ownership through a secure site.

For investors, ICOs are the opportunity to invest, own, and participate in exciting small and emerging businesses. This market was previously restricted to venture capitalists and high net worth individuals. ICO's state-of-the-art technology provides the most transparent environment for investing in small and emerging businesses.

For companies, the ICO platform delivers investors for them to market their business and receive investments from “the crowd” - friends, family, contacts, and complete strangers who believe in the idea.

InitialCrowdOffering.com provides investors and issuers in-depth information and guidance about the relevant requirements and opportunities. The ICO CrowdCenter is the most comprehensive source for up-to-date news, legislative updates, blogs, forums, and everything you need to know about crowdfunding in the US. Our experienced legal and financial staff prepare proprietary content and draw on relevant news feeds to keep you abreast of the issues as they emerge.

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