Investment Signifies Leadership in Digital Storybooking
PROVO, Utah--(BUSINESS WIRE)--Heritage Makers, the national leader in digital storybooking, announced today it has closed $1.15 million in bridge funding from a group of angel investors led by Tickle founder James Currier, serial entrepreneur Kenneth M. Woolley and T Minus 10 Ventures. Also, Kenneth T. Woolley of T Minus 10 will join the Heritage Makers Board of Directors.
Heritage Makers plans to use the financing to further advance its unique digital, web-based storybooking platform and more rapidly expand its “party plan” direct sales channel. The company reached cash flow breakeven in March 2007.
“This group of investors has a lot of experience in social networking and traditional scrapbooking,” said Christopher Lee, CEO of Heritage Makers. “They recognize the shift to the electronic scrapbooking model that is happening worldwide, but they also recognize the need for social interaction that drives the scrapbooking hobby, and that Heritage Makers is combining these two characteristics in a very unique way.”
Heritage Studio, Heritage Makers’ online storybooking program, contains everything necessary to construct a storybook -- backgrounds, borders, clip art, powerful text and photo editing tools and more. Users can create their own storybook, all the way through to high-quality hardbound printing, through the Heritage Makers’ website. Heritage Makers products and services are sold through independent sales representatives who demonstrate beautiful storybooks and the storybooking process to their clients.
About Heritage Makers
Heritage Makers, Inc. is a direct selling, party-plan company focused on storybooking, a rapidly growing new hobby for people to discover, preserve, and celebrate their unique family stories. With thousands of Heritage Consultants around the United States, Heritage Makers offers a wide range of products and services that help families use technology to tell their stories from the comfort of their own homes. Heritage Makers is a member of the Direct Selling Association.
For more information, please visit http://www.heritagemakers.com.
SOURCE: BusinessWire
