Urban Xtreme Adventures Pty Ltd

Urban Xtreme Adventures Pty Ltd

Urban Xtreme Adventures Pty Ltd (ACN 611 839 082) are offering up to 1,000,000 fully-paid ordinary shares at $0.80 per share to raise a maximum of $800,000. This Offer is made under the CSF regime in Part 6D.3A of the Corporations Act 2001 (Corporations Act).

The general public in Australia can buy up to $10,000 worth of shares in this company, as part of the new equity crowdfunding legislation (Note: there is no cap on how much Sophisticated Investors can invest). Please make sure to read the risk warning statement, offer document, and understand the Cooling-Off rights. Instructions on how to register to invest and pledge are here. 

Dear UX Tribe-ster

Thank you for considering this opportunity to buy shares in UX and joining our mission to enhance the lives of people through FUN, FITNESS AND ADVENTURE bringing active adventure sports and entertainment to the city, making them AFFORDABLE, ACCESSIBLE AND ACHIEVABLE to the community.

After immigrating to Brisbane 9 years ago with my husband Darren, we recognised a niche in the market for snow sport and adventure.

Having always been adventure seekers and keen snowboarders, we were looking for a place to maintain our ski skills and enjoy adventure activities with our children, but there was nothing available.

In this busy time of technology overload, we are all aware of the impacts that our lifestyle is having on the health of our communities and the time we can spend being active with our families. At the same time, it seems people are reducing their engagement in traditional sports, and flocking to adventure sports such as trampolining, climbing, obstacle training and snow sports.

This is where the idea of UX was born, out of a passion for ski and adventure sports and a belief in leading an active, healthy lifestyle and having quality time with family.

Imagine being able to enjoy the activities normally reserved for winter, snow parks and mountains all year round right here in Brisbane. All in a safe, fun and low-cost environment. Add to that the ability to improve your skills, so that when it’s time to take that trip to the Snowy or Rocky Mountains, or wherever in the world, you’ll be able to make the most of your holidays.

It is with great pleasure we introduce to you Urban Xtreme Adventures Pty Ltd (Urban Xtreme or UX). Launched in 2017, our active adventure hub offers what we believe is the ‘Ultimate Experience’ in sports and leisure, empowering people to connect, engage and strive for their potential. The first chapter of our story took place with the opening of our centre in Brisbane, Australia.

The next chapter will be the addition of new activities and equipment that we believe will appeal to a wider market and increase profitability. If you are someone with a sense of adventure who recognises the importance of providing opportunities to keep our community active and wants to be part of the global shift in sport and recreation, then don’t miss this opportunity to invest in the future you want to see for your family and friends and be part of this exciting organisation.

I truly believe that what we are building is a remarkable business that is set to positively improve and enrich the lives of our community and the leisure market and I very much hope you will come with us on our journey. These are exciting times for sports and leisure. Don’t miss this opportunity to be part of this journey.

Lindsay Davis, Founder

About Urban Xtreme

 

Urban Xtreme Adventures Pty Ltd (“UX” or the “Company”) is an urban adventure ‘hub’ and is one of the first of its kind in Australia, delivering indoor snow sport and adventure experiences.

UX aims to be a fresh, disruptive concept in active leisure, with the goal of bringing adventure sports and entertainment to urban environments in a new and exciting way.

UX founder, Lindsay Davis and Director Ben Baker have developed a business model that caters for the growing interest in adventure sports, providing an urban solution to those looking to experience recreational and

enthusiast level Ski and Snowboarding, Trampolining, Climbing, Ninja, Parkour, Laser Tag and other active leisure activities. The success of business models such as “Bounce INC”, “Skyzone”, “Latitude” and “We are Vertigo” demonstrate that the global market is ready for large-scale active leisure providing a larger variety of adventure activities.

The activities are designed to thrill adults and kids of all ages and abilities while remaining affordable, accessible and achievable.

We believe our centre is the first multi-activity attraction in Australia combining a wide range of snow sport and adventure activities designed to appeal to ski enthusiasts, adventure seekers and the day out family market.

We have set our first site up in Brisbane, a 12-minute drive from Bris- bane’s CBD and accessible to the majority of the Brisbane population. It is our intention for this site to be the first of many.

We aim to provide the South East Queensland community with opportunities to participate in adventure sport activities and learn new skills that would normally be out of their reach;  financially, geographically and physically.

We believe UX will encourage visitors to the area while at the same time offer the local community a modern facility.

UX offers adventure passes, ski passes, birthday parties and workgroup/team building activities, as well as new experiences such as Ninja Warrior race nights, ski competitions and Laser Sporting Leagues.

 

 

Our Mission

The UX mission is to make active adventure sports AFFORDABLE, ACCESSIBLE and ACHIEVABLE by providing cities with the ULTIMATE EXPERIENCE in adventure sports

and active entertainment. We aim to ENGAGE, ENABLE and EMPOWER all people that connect with UX to be the best they can be, by FINDING THE FUN IN FITNESS THROUGH ADVENTURE and experiencing the ultimate excitement. 

 

Read more about the Business Model, our Market, our Competitors and our Growth Opportunities in our Offer Document. 

 

 

 

 Directors 

 

 

LINDSAY DAVIS

FOUNDER, CEO, DIRECTOR 

Lindsay has a first-class honors degree in Events, Marketing and a PRINCE2 Project Management certification. Lindsay has 15 years of experience managing a variety of high-level projects and events, as well as having operational, sales, marketing, communications, business development and people management experience. Lindsay also spent many years in the sporting world as a competitive trampolinist and has a passion for sports, adventure and fitness. Lindsay is the CEO and original founder of UX . Lindsay is a go-getter who is diligently focussed on grow- ing and developing the business by finding UX the best opportunities for new activities, partnerships and investments. Lindsay is the prime viionary of the UX Ski and Adventure Park concept.

 

BEN BAKER

DIRECTOR, PROJECT & FINANCIAL CONTROLLER

Ben is the Founder of two indoor Family Entertainment Centres (Laserzone Brisbane & Sunshine Coast). Ben has over 15 years’ experience in Family Entertainment Centre operations, management and marketing, as well as 20 years’ experience in Laser Sporting participation. Ben is Australasia’s most decorated player in the 20- year history of the sport. Ben is also a qualified accountant with a Bachelor of Commerce with a first-class honors degree in Finance and will act as the CFO in the early stages of the busi- ness. Ben is a Director & project manager. Ben’s focus at an operational level is to guide the management team and supervise the establishment of the crew, culture, systems and performance.

 

MIKE DOWSETT

DIRECTOR

Mike is Founder and CEO of Engineer Your Business, a specialist Business Consulting firm. Mike has over 20 years of business management experience, including nine years as Director, General Manager and CFO in a specialist engineering company with 100 staff in 13 offices in 5 countries.

 

GARY LINTON

DIRECTOR

Gary is founder/Managing Director of Linton Howard with

over 30 years’ experience successfully managing and growing a diverse range companies large and small. In addition to leading and running companies operating globally, including SAAB ITS, Greenspan Technology and Prospect Group, he has extensive management advisory experience in mining, construction, manufacturing, professional services, franchising, technology and start-ups. This experience spans Australasia, Asia, the Middle East Europe and USA.

As an experienced and successful Non-Exec Chairman, Director, CEO, Manager and Management Adviser he has assisted many companies become investment/exit ready and has executitd numerous capital raisings, strategy plans, governance implementations, management restructures and senior executive recruitment assignments.

 

Read more about our Team in our Offer Document.  

 

Risks facing the company

In our offer document, we have provided descriptions of the main risks facing UX. The risks that have been described are only those that may significantly impact the success or failure of UX. An investment in UX should be seen as high risk. Investors should read the risk section carefully before deciding to apply for shares under the offer.

There are also other, more general risks associated with UX (for example risks relating to general economic conditions or the inability to quickly or easily sell your shares).

It is the preference of the Directors of UX that if by investing in UX you are placed under financial stress, that you instead opt to retain your funds to avoid such stress. If you are in any doubt, are unsure, or don’t understand anything in this document or, if you cannot afford to lose the investment amount, please do not invest in this offer.

Read our full Risks Section in our Offer Document. 

UX is offering up to 1,000,000 shares at an issue price of $0.80 per share to raise up to $800,000. The key terms and conditions of the Offer are set out in Table 9 below.

Capital structure

Use of funds

Read more about the Use of Funds, Investor Benefits & Rights Associated with these Shares in our Offer Document.

 

 

Investor Benefits

* At the close of the raise, gift cards will be sent to investors and can redeemed online or in person.

** Only Sophisticated Investors may invest above the retail investment maximum of $10,000, there is no maximum investment limit for Sophisticated Investors.

*** Life time discount does not include food & beverage or merchandise, and will be for the lifetime of the investors shareholding in Urban Xtreme Adventures Pty Ltd. Discounts to be used by immediate family only

**** All investors will have the opportunity to buy future shares if it goes to the public, but those who invest over $2k will have first rights

 

Investor Rights 

• Cooling-off Rights - You have the right to withdraw your pledge for any reason (including if you change your mind about investing in the Company). You must do so within five business days of making your application (the Cooling-off Period) by emailing [email protected] with your full legal name and number of shares. 
• Communication Facility for the Offer - You can ask questions about the Offer on the Question tab above.
• Effect of the Corporate Governance Concessions - there are some concessions around Annual Reports and Takeovers that you can read in full in the offer document.  

Read more about Investor Rights in our Offer Document.

 

Note from PledgeMe

We have completed background checks on the Company (Urban Xtreme Adventures Pty Ltd) and the Board of Directors (Lindsay Davis, Ben Baker, Gary Linton, Mike Dowsett). We found no adverse findings in our checks. Please read the warning statement, offer document and ask questions before choosing to invest. PledgeMe will receive 6% (GST inclusive) of the funds raised if the goal is met by the deadline.