PHOENIX, AZ – An Arizona painter, Don Hunter, and his affiliated company, Don’s Painter Stuff, LLC, has been ordered to pay a $5,000 administrative penalty for offering an unregistered investment opportunity to the public.
The Arizona Corporation Commission found Harris and his company offered the unregistered investment opportunity on Craigslist, representing to potential investors that they were raising money to produce their product, “The Tape Thing,” for sale in national hardware and auto parts franchises. The Commission also found Harris posted an article entitled “Investment Partner Needed” on an online social networking website. However, the Commission found Harris and his company were not registered to offer or sell securities in Arizona.
Additionally, the Commission found Harris and his company misrepresented to potential investors the projected profits of The Tape Thing product, the status of pending patents for the product, and the level of risk regarding the investment.
Don Harris
The tools and other products he invented, leads a million dollar a week Company.Don’s Painter Stuff” is a tool design and development company with a construction platform. The Founder and President has 35 years experience in the Painting, Taping and General Construction Industry. During that 35 years, he invented seven tools. His first two Patent Pending tools will be selling directly to the 12 Buyers of the Home Improvement, Hardware, Paint and Auto Parts stores which consists of 60,000 outlets in the United States, and another 40,000 overseas. He invented, then filed patents on tools for Painters and Tapers. On almost all construction sites you see Painters and Tapers working along with the other construction trades. Research in 7 Western States shows my tools will sell. In 2016, A study was conducted by gracematthews.com that showed that 28 Billion gallons of paint were sold globally. Of that, 5 Billion gallons went to Manufacturing plants and Industry in general, the other 23 Billion gallons went to Architectural Painting such as Homes, Commercial Buildings and basic Residential Construction. We are taping into that Market to the tune of $10 MM dollars per orders gross. Three million dollars in expenses. We will be adding as many as five more of my patented tools in the first year, making a total of seven. Each can bring in a profit of up to ten million dollars an order. Looking for a Series A, Angel Investor of $700 K for 25%, $1 MM for 35% of the Companies profits. Home Depot is already on board and has assigned Don’s Painter Stuff, a Product and Company Representative. They are waiting for a shelf ready, finished, product. $48,000.00 will do that.