The merger is subject to several conditions before it will close, including a financing commitment from third-party investors and conversion of certain debts of both companies to equity.
Propell Corporation's PropellShops service is a web-based e-commerce solution that lets any organization – whether school, nonprofit, sports team or military organization – instantly create a web store offering customized apparel and gifts featuring their brand, logo or other artwork. The shop can then be embedded in the organization's web site, or provided as a standalone site. Propell's partners have complete control of their shops – they simply upload their artwork, choose which items to sell, and set pricing. Propell does the rest – hosting the shop, making the products, shipping them to customers, and paying the partner a share of every sale.
DesignByHümans.com is a worldwide internet-based T-shirt design competition targeting individuals between the ages of 14 and 35 who make up a worldwide community of graphic designers, artists and everyday T-shirt consumers. The Irvine, Calif.-based firm capitalizes on the power of the Internet along with the popularity of “customer-made” and “crowd-sourced” product design. DesignByHümans markets its products through a highly compelling web environment coupled with a proprietary viral-marketing system to produce a superior quality product with a short lead-time into the hands of its customers.