Veteran Treatment Entrepreneur in Crowd Funding Offering
09/11/2018 -ATIN- Sober Networks founder and CEO Harold Jonas is seeking to raise over $1M in crowd funding via the Internet. The Delray Beach, FL-based Internet tech company launched the offering last week on the StartEngine platform under Title III of the SEC regulations governing crowd funding offerings.
Sober Network is arguably the oldest Internet business in the addiction treatment space. Jonas started facility directory, which is one of four of Sober Network’s business lines, in 2000. The other three are Sober Coaches, Sober Systems, an addiction industry mobile tech concern, and Sober Coin, the first effort to mine blockchain currency by an addiction industry company.
“Sober Network’s business model is multi-faceted,” says Jonas. “The property, which has $2M unique visits a year, is the core property from which growth will be pulled.”
Jonas says the code that operates needs to be updated for “enhanced user operability.” Much of the funds raised in the offering will go toward this task.
Years ago, raised revenue by selling treatment and sober living facility listings. Now listings are free - the entire SAMHSA list is on the site - and revenue is made when people perusing the site make a call to a facility.
The Sober Coin blockchain aspect of Sober Network’s business model will operate as a rewards incentive for people to participate. People will earn coins when they sign up for Sober Network and open a coin “wallet.”
People can then use the coins to purchase recovery services.
In his first deal of this kind, Jonas this week reached an agreement with Utah center The Retreat at Zion. When the deal is finalized, Retreat at Zion will accept Sober Coin as partial payment for treatment services.
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Co Founder
written by Dale Redlich, JD. NCRC, September 12, 2018
Harold Jonas is one of my favorite addiction professionals and creative business developers. I’ve known Howard and have respected his expertise for many many years . Our company deals with many providers in a collections and revenue cycle management capacity Pay 2 Patient , LLC collects debt for healthcare providers . Howard will no doubt succeed in his new venture.
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