Company Status:

-> ADK has secured $500,000 in trade and finance facilities;

-> ADK generated $7.2m in revenue and $971,000 in EBITDA in the 2022FY;

-> Innovative product design and packaging helps simplify transport and building of products;

-> Established strong customer demand for product with over 6,500 units sold to date;

-> ADK currently sells an average of 500 units each month;

-> New product line in final development and expected to launch in October 2022;

-> ADK currently has over 500 retail stores in its network;

-> Launched sales campaign targeting remaining states of Australia that ADK does not have a strong retail network;

-> Planned expansion into New Zealand and the USA by January 2023;

-> Multiple channels to market, including a retail buy back scheme has been exceedingly well received by the market and makes up approximately 80% of direct to consumer sales.

Market Impacts:

-> The Australian pet and pet supplier market was worth $3.3 bn in 2022;

-> There is a shift of large family owned farms to rural residential and hobby farms, resulting in a larger number of smaller land holders;

-> Approx. 7 million of the Australian population lives in remote or regional areas.

ADK is raising up to $1,500,000 in return for 15% equity to fund development of future products, sales and marketing expenditure and working capital. $500k has already been raised.

The closing date for this offer is 30 September 2022.