VirZOOM Announces Launch Date For 506c Equity Crowdsourced Offering

Virzoom Announces Seed Round Top-Up Offering To Acredited Investors Planned For April 18, 2016

Press Release – Cambridge, MA (April 18th, 2016) – VirZOOM, maker of the VirZOOM VR Motion Controller and VR Exercise Games designed by award-winning game veterans today announced that it will offer $750,000 to top up it’s $3.5M Seed Round. Using the SeedInvest crowdfunding platform, VirZOOM is targeting a $500,000 fundraise, with a maximum round size of $750,000 authorized. VirZOOM expects to launch it’s fundraise on April 18, 2016. So far VirZOOM has received $2.75 million in funding from private investors in its seed round.

“VirZOOM is pleased to expand its community of accredited investors to include Virtual Reality industry savvy SeedInvest community members,“ said Co-founder and CEO Eric Janszen. “We believe these new investors will be impressed by the VirZOOM team’s accomplishments to date and share the confidence of existing investors in the company’s growth prospects.”

Since the founding of the company in February 2015 VirZOOM has developed its VR Exercise Game Platform. The proprietary hardware and software platform makes fitness equipment fun by harnessing the emotional power of VR to motivate physical reactions, resulting in exercise. Patent-pending motion controls limit locomotion discomfort even in VR games that entail sharp turns, flight, and other challenging forms of VR motion.

“The VZ Controller connects wirelessly to PC and PS4 VR games for Oculus Rift, HTC Vive, and Sony PSVR. VZ exercise games are arcade-style games that are designed to keep you moving,” said VirZOOM Co-founder and CTO Eric Malafeew. “The faster you pedal the VC Controller, the faster you move in VZ Games. Controlling your virtual body in the virtual world by pedaling and leaning feels comfortable and natural.”

VirZOOM’s development team, which includes some of the creative minds behind such hits as Dance Central, Rock Bank, and Guitar Hero, creates specialized exercise games that ship with the VZ Controller. In the games you power a tank in battle, a Pegasus though a Canyon, or an Apache helicopter in a firefight, among five games that will initially ship with the VZ Controller. The VZ SDK lets 3rd party developers modify existing VR games and create entirely new VZ-enabled games. Motion controls embodied in the free VZ SDK give VR game developers access to the same patent-pending techniques that the VirZOOM development team uses to move users comfortably through virtual worlds. These techniques open up a world of new game mechanics and game play possibilities.

“The combination of the VZ Controller and patent pending motion controls in VZ Games delivers the unique ‘VirZOOM Experience’ that has to be tried to be believed,” said Janszen.

The company recently started to take pre-orders for VirZOOM online from its web site for $399.95 and plans to ship Early Access units by the end of June 2016. The company is in discussions with multiple parties to expand sales via retailer distributors later this year. The company is also engaged in ongoing discussions with potential OEM partners to deliver a range of fitness and gaming applications for its VR Exercise Game Platform.

About VirZOOM

Co-founded by CEO Eric Janszen and CTO Eric Malafeew in February 2015 and headquartered in Cambridge, MA, VirZOOM is compatible with Oculus Rift, HTC Vive, and Sony PSVR VR headsets and virtual reality content. It is currently available for pre-order for $399 per unit at virzoom.com.

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