July 23, 2014 12:07 PM ET

Internet Software and Services

Company Overview of Solavei, LLC

Company Overview

Solavei, LLC operates a social networking and commerce platform that enables users to connect, share, and capitalize on social networks. It creates an economic linkage between mobile service, social commerce, and social-networking technology. The company has a strategic partnership with T-Mobile USA. On June 11, 2014, Solavei, LLC was founded in 2011 and is based in Bellevue, Washington. Solavei, LLC, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Western District of Washington.

10500 NE 8th Street

Suite 1300

Bellevue, WA 98004

United States

Founded in 2011

Phone:

425-455-4000

Key Executives for Solavei, LLC

Founder and Chief Executive Officer
Founder and Head of Legal and Policy
Head of Finance
Age: 61
Head of Operations
Head of Products
Age: 48
Compensation as of Fiscal Year 2014.

Solavei, LLC Key Developments

Solavei Introduces Nano SIM Cards for iPhone 5

Solavei announces the availability of nano SIM cards, compatible with the iPhone 5, which expands the company's phone compatibility to include all major smartphones. For $49 per month, members can now bring popular phones such as Apple's iPhone 5, Samsung's Galaxy SIII or Google's Nexus 4 to Solavei and enjoy unlimited voice, text and data mobile service. Solavei is a cost-effective mobile phone service with no obligation to share or sign up others. Members who choose to use Solavei's powerful social commerce platform to share the Solavei opportunity with their friends and family can use the money to offset their monthly mobile bill and even have the opportunity to generate recurring monthly income. At its simplest, the plan allows members to earn $20 per month for every three members (called a "Trio") they or someone directly connected to them signs up for mobile service. When members have three Trios, the income generated is greater than their monthly plan cost of $49, essentially making their mobile service free. The more members in a person's network, the more income earned. Solavei's mobile phone partner, GSM Nation, offers a range of unlocked phones pre-configured with Solavei settings, including iPhones, with six month no interest, no payment financing. Members with iPhones on Solavei service in the newly re-farmed HSPA+ coverage areas will receive the high data speeds, and unlike some other no-contract wireless providers, Solavei offers 4GB of high-speed data.

Solavei, LLC Launches Nationwide, Delivering Mobile Service That Pays Consumers

Solavei, LLC launched its unlimited 4G nationwide voice, text and data mobile phone service with more than 25,000 new members, unlocking consumers' earning potential through an affordable, contract-free service that pays people back for adding new customers. Solavei's business model is shifting the billions of dollars that the large wireless carriers spend in advertising to benefit the advertising vehicle -- people. The debut of Solavei's flat $49 unlimited mobile phone plan addresses Americans' struggle for affordable wireless service, as recently highlighted in the findings of a new survey conducted by market research firm Toluna. Results showed a majority of consumers (63%) had concerns about their mobile phone service, led by overall high cost and followed by hidden fees, plan changes, and charges for exceeding data limits. Answering the demand for a simple and affordable mobile phone solution, Solavei created a comprehensive mobile virtual network operator (MVNO) to offer an unlimited service plan to its members at just $49 per month. Consumers have the flexibility to use any compatible unlocked GSM mobile phone, or purchase a new HTC One S, HTC Wildfire or ZTE Origin from Solavei. In addition, consumers can now earn income when they share the mobile phone service with their friends and family through Solavei's social commerce community, which is integrated into the social networks. Solavei empowers consumers to earn a recurring monthly income for an action most Americans already take -- suggesting favorite products or services to friends and family. In fact, nearly all consumers (93%) have referred a product or service. Consumers have the opportunity to earn by sharing their mobile service experience with others through Solavei's integrated social networking platform. This is validated in the Solavei/Toluna survey results: Necessity of Mobile Phones -- Wireless phone access is so important to Americans that just 4% of consumers surveyed they would cut their phone service when finances are tight, ranking it ahead of gas, savings and cable TV. Seeking Financial Stability -- Most consumers would re-invest any money saved/earned from mobile phone service back into their finances with more than a third (37%) putting money towards other bills, 28% towards savings and 13% toward paying off debts. Consumers Want to Recruit -- Solavei's compensation plan seems to make sense (and cents) to those surveyed, as a majority (80%) would say "yes" or "maybe" to sharing a new wireless service with friends and family members if they would get free mobile phone service or earn additional income.

Solavei, LLC Introduces Social Commerce Network for Mobile Services Distribution

Solavei, LLC debuted as a new social commerce company with an affordable, contract-free mobile service that actually pays back consumers for adding new members. The Solavei Mobile Service is a comprehensive mobile virtual network operator (MVNO) utilizing T-Mobile's nationwide 4G network. Consumers simply sign up for a $49 per month unlimited voice, text and data plan and can earn income by engaging friends and family to purchase the mobile service through Solavei's integrated social networking platform. Through Solavei's social media platform and mobile application, members can introduce the Solavei Mobile Service experience to others and generate income. At its simplest, members earn $20 per month on every three mobile-service members that they or someone in their personal network add to Solavei. When members have three Trios in their network, the income generated is greater than their monthly plan cost of $49, essentially making their mobile service free. Members can grow their recurring monthly income as they use their social networks to sign up more people for Solavei Mobile Service, turning their mobile phones into profit generators.

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Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
June 11, 2014
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