Released on: July 16, 2008, 10:16 pm

Press Release Author: : Louie Helm

Industry: Management

Press Release Summary: AUSTIN, Tex. - Until lately, there was no easy way to
collect money online from a group of people. Now Fundable.com provides simple
fundraising tools that allow people to collect money for projects from groups of
people they know.

Press Release Body: AUSTIN, Tex. - Until lately, there was no easy way to collect
money online from a group of people. Now Fundable.com provides simple fundraising
tools that allow people to collect money for projects from groups of people they
know.

To use Fundable.com, a person creates a fundraising page, setting the amount to be
raised and providing a description. Next, this person invites his or her social
circle to visit the page and pledge money. Once enough pledges for a project have
been secured, Fundable.com turns them into real payments and sends the total to the
group leader.

No one takes a risk when making a pledge: if a project expires before reaching its
total in pledges, Fundable deletes all pledges and never charges money. This allows
people to participate in a fundraiser without worrying about what others will do.
No one pays until and unless everyone else makes a pledge.

Group projects on Fundable are not limited to fundraising. Users have successfully
collected money for snowboarding trips, short films, birthday gifts, group
purchases, and other personal projects.

For example, Amy Dillard, journalism student at the University of Tennessee,
collected $3424 from friends and family to fund a 4-month long trip to Ghana, where
she will do volunteer work and intern with local media.

Amber Beard, a graduate student at the University of Southern California School of
Cinema-Television, used Fundable to finance her graduate thesis film, \"Growing Up
Vegas.\"

Aaron Asbury, a recent audio engineering graduate, raised $1620 from his community
to build a studio in his house to provide recording services for local bands.

Amelia Scheider, a twenty-year-old classical soprano singer, pre-sold her first CD
before entering a recording studio. \"If I get $400 in pre-orders, I will be able to
afford the rest [of the studio costs],\" she told potential contributors. Fundable\'s
all-or-nothing model ensured that none of her customers would lose money if she fell
short of her goal. Amelia sold over $940 in albums.

Fundable\'s unique approach to fundraising allows anyone to collect money online.
Contributors know that they\'ll either get what they paid for or they\'ll get their
money back.


Web Site: http://www.fundable.com/

Contact Details: Louie Helm
2002 A Guadalupe
St #170
Austin
TX
US
78705