Growth, Consistent Cash Flow, Favorable Reviews and Popular Demand Reinforce Shark Tank Success Story
Folcroft, Pa., Feb. 18, 2014—Scrub Daddy, the company behind the revolutionary sponge seen on ABC’s hit TV show Shark Tank and currently being developed by Aaron Krause and Lori Greiner, announced today that it has received purchase orders from Wal-Mart, Kroger, Supervalu, Bed Bath & Beyond, and several other major retail and grocery chains.
“We know we have a best-in-class product that has raised the standard on household sponges, and we are excited to continue to grow the business in a positive direction with these new partnerships,” said Aaron Krause, inventor of the Scrub Daddy.
Scrub Daddy’s geographic sales territory now stretches across the United States, with more than 2 million sponges sold on QVC, millions sold by publicly traded giants Bed Bath & Beyond, Wal-Mart, Kroger, and Supervalu, as well as national and regional store chains including ShopRite, Giant, Buy Buy Baby and Meijer.
“When I saw Aaron for the first time on Shark Tank and I watched his demonstration of the Scrub Daddy, I was so impressed, I knew instantly I had to invest in the company,” said Lori Greiner, a Shark Tank “Shark” regarded as one of the most prolific inventors of retail products. “I was certain this product had tremendous sales potential and would become a household brand name.”
Both Krause and Greiner said they expect to see further growth and consumer acceptance of Scrub Daddy across the mainstream consumer segment, which will allow them to plan and launch brand extensions and iterations in 2014.
“With these orders we’ve hit a very significant benchmark,” said Krause. “We’ll introduce additional innovative scrubbing products this year that will complement the new Heavy Duty, or HD Scrub Daddy, and certainly will make a big market splash—no pun intended.”
Scrub Daddy has received a number of favorable reviews by national, regional and local media outlets that can be found here: http://getscrubdaddy.com/news-and-media.
For more information about Scrub Daddy and future products, visit: http://getscrubdaddy.com