cash bag. purpose the primary purpose of the cash bag is to deter property theft of valuables or...

Cash Bag

Purpose

•The primary purpose of the Cash Bag is to deter property theft of valuables or vital documents through a GPS tracking device.

•Secondary purpose to monitor locations of minors or cognitively impaired individuals, who carry back packs, purses brief cases, luggage's, golf bags etc.

Background Information• Due to theft of purses, lap top bags, brief cases

important vital personal information or business items can be lost. The primary idea of the Cash Bag is to allow for tracking of the stolen items. Right now the way these issues are addressed is normally victims will accept their loss, or go through a cumbersome process of filing police report, or identity theft protection with the credit bureau.

• The Cash Bag can also be used as a tracking device to monitor the location of minors, when you are not able to locate them via alternative communications.

Solution: Cash Bag

Dimensions

Details of the Cash Bag

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Backpack straps

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Remote control

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Benefits of Cash Bag

•Combination locking system •GPS locator (to locate loved ones who

may be lost)•Remote control to lock, unlock and track

with GPS•Bag production will be completed using

high quality material: such as Kevlar •Bag doubles as a backpack, purse and

laptop bag

Consumers

•Attorneys•CEO’s•Health Care Professionals (Physicians,

Nurses, Socials Workers, Administrative etc.)

•Parents (children who carry back packs)•Elderly with Cognitive Impairment

Why Now•Secured locks and GPS bags can prove to be

beneficial. For example in 2010 during a robbery, one lady was able to locate her purse within 10 minutes of the theft. A lady was robbed, in SF while walking. After her robbery she immediately ran back to the office only to recall that she threw the GPS tracking device in her purse, called the police who in return arrested the robber and recovered her stolen items. (GPS Tracking Info , July 2010)

Comparison To Current Products Out On The Market

•Currently no products exist in the market that have a GPS tracking device secured in carrying bags. Tracking devices can be purchased separately and placed into the bag. However, these existing products do not guarantee, that this device will not be easily visible by the thieve and thrown away.

Revenues

•The pricing structure is under development pending manufacturing of prototype which will yield actual production cost.

Potential Future of Cash Bag

•The current design serves as a backpack, purse and laptop bag, but the future of this bag would be to make a bag that served more functions or a different bag for each purpose, i.e. tool bag, gym bag, golf club bag, luggage, brief case, armor/bank bags, law enforcement bags, Patent pending number 12537308