The short version
Preservation is a sponsor group of 2 issuers that PartnerFacts links to one sponsor (shared people, same business address, similar issuer names; automatic match from the filings), filing 2 Form D filings between Jan 2010 and Jan 2011.
What this means One team, 2 deal companies, about 1 year of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.
Combined reported sold: $29.3M to 224 investors (latest filing per issuer). Industries as reported: "Other" (1), Pooled Investment Fund (1). Issuers are based in VA (2).
What this means $29.3M raised across the group, about $131K per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.
Principal people: J. Marcus Hirth (2 issuers, executive officer).
What this means The person on the most companies is usually the one running the show; their page lists every deal.
Activity: 0 new offerings in the last 12 months; latest filing Jan 13, 2011.
What this means No new raise filed in the past year.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA), property records (NYC, FL, IL and TX counties) — 4 court cases matching the name, 4 bankruptcy cases matching the name listed in Key records below.
What this means 8 records came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.