iDisclose Announces Development of Reg A+ Services

NEW YORK, Oct. 18, 2018 /PRNewswire/ -- iDisclose, a New York based legal technology company, announced today that it has entered into a strategic relationship with Ketsal Consulting, a consulting firm comprised of former big law firm attorneys with securities laws expertise, led by Zachary Fallon, a former Sr. Special Counsel at the U.S. Securities and Exchange Commission's Division of Corporation Finance. iDisclose and Ketsal Consulting will work together to develop a software solution that will facilitate the filing of securities offerings under Regulation A. Regulation A was amended in 2015 on the back of the JOBS Act in order to streamline the process by which entrepreneurs publicly raise capital. The goal of this new solution, which is expected to be operational in early 2019, will be to enable the preparation of highly detailed and complex offerings through iDisclose's proprietary software.

This new solution will complement our suite of existing legal technology solutions for exempt crowdfunding offerings under Regulation CF and private placements under Regulation D. These enterprise solutions assist funding platforms, law firms and other securities professionals with preparation of complex legal documents through a simple question and answer system. Like all of iDisclose's offerings, the data input to complete the Form 1-A, which is the document required to be filed with the SEC, will also automatically populate our other applications, including our proprietary database of the most often used corporate documents contained in our LawCloud system.

"We are excited to be leveraging the most current technology available to expand into more complex offering documents and think we will see regulatory developments in the new year which will make Regulation A offerings more necessary for many issuers of securities," said Douglas S. Ellenoff, Chairman of iDisclose.

iDisclose supports funding platforms by providing a system to assist entrepreneurs in filling out complex legal documents and dramatically reducing the cost of legal review of the required filings. The company believes there is a substantial opportunity for technology to reduce the costs of legal services, particularly as it relates to small businesses and startups, and expects to continue expanding its product offerings to further support such companies.

About iDisclose
iDisclose, founded in 2015, is an industry leading platform in the crowdfunding legal disclosure space with major customer relations with platforms such as Republic and Microventures. In addition, iDisclose offers legal document solutions for all small businesses, including regulatory documents, deal documents, HR documents and other business documents under its LawCloud services. For more information about iDisclose, visit their website at http://www.idisclose.com.

For media inquiries, contact Michael Knox, (212) 381-0788

SOURCE iDisclose