The First Seats Contract Has Been Sold by Neat Suites
LEXINGTON, Ky., May 29, 2020 (Newswire.com) - Neat Suites LLC of Covington, Kentucky has sold the first SeatsTM contract. The contract will be serviced by Seats Capital LLC.
Seats contracts are a new way for companies to raise money. Instead of issuing traditional debt or equity, companies sell future revenue at a discount. The contracts are standardized for use by any type of business at any stage. More information about Seats contracts is available at www.seatscapital.com.
In the Neat Suites transaction, the company sold $1,428 of future revenue for $1,000. This small transaction is expected to be the first of many Seats contracts sold by Neat Suites under its newly created Seats Program Agreement.
Ed Feldmann, Managing Partner at Neat Suites, remarked, "On behalf of Neat Suites, LLC, we are very pleased to have sold the first revenue band on the Seats platform. In these times of uncertainty our vacation rental management company serving the Greater Cincinnati area has continued to flourish showing stable growth, increasing revenue, and abundant opportunity on the horizon. We look forward to sharing in this success with our Seats investors."
Shane Hadden, CEO of Seats Capital, added, "We couldn't be happier that the first Seats transaction is with Neat Suites, a local start-up with tremendous growth potential."
About Neat Suites LLC: Neat Suites manages luxury-end residential property on behalf of property owners in the Northern Kentucky and Cincinnati Markets. They advertise and manage bookings of corporate travelers and out of town guests using direct marketing as well as other channels such as Expedia, Booking.com, VRBO and Airbnb, Clients are primarily companies who own large residential buildings, looking to diversify their real estate portfolio between short-term tenants and traditional long-term tenants. Ed Feldmann and Jeremiah Hines are the Founders and Managing Partners of Neat Suites. The company is based in Covington, Kentucky. See more at www.theneatsuites.com.
About Seats Capital LLC: Seats is a media and data platform for buyers and sellers of SeatsTM contracts. The platform lists companies for investors to follow and facilitates transactions with reporting, certification and monitoring services. Seats is based in Lexington, Kentucky. See more at www.seatscapital.com.
Source: Seats Capital