Paragon is currently raising funds from accredited investors in order to:
- finalize development and implementation of six sophisticated interrelated information systems, which will allow us to more fully automate our AI and data mining technologies
- establish a world-class outbound telemarketing center staffed with senior outbound telemarketers who in their careers have been in the top 10 percent of sales performance. Such telemarketers will contact the leads our AI and data mining technologies generate.
We offer investors an investment that offers very high returns relative to risk. We mitigate risk in four ways:
- We focus primarily on settled case types or case types where a certain number of cases will turn into money soon (e.g., for sexual abuse cases, some defendants, in order to avoid adverse publicity, will offer an attractive settlement without our affiliated law firm having to file a lawsuit).
- We utilize data mining techniques that have been in use for over 25 years. We’re simply using this technology for a different purpose — i.e., generating mass tort cases.
- Our Customer Acquisition Costs (“CAC”) are at least one order of magnitude less than for other marketing channels, such as television or Facebook advertising. Total variable costs are approximately $550 per case, consisting of $300 in data costs and telemarketing expenses and $250 for the client’s medical records. (At settlement, the cost of the medical records is reimbursed by the client to us.) Compare this to the $5,250 it costs to acquire a Roundup case, or the more than $100,000 to acquire a mesothelioma case.
- All of our cases will be processed by a major legal process outsourcing (“LPO”) firm that has already settled thousands of cases in that case type. Such firms work on a deferred fee basis, being paid only when monies are received. Such LPO firm will mail a check directly to our investors.
Prospective investors should contact us and we’ll email you a complete Information Memorandum.