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- The design of the new product is unique that could solve the problems of painters. The investors are interested in those products that have the potential to attract customers and can be sold in different markets. The expected sales of the new product are high, and the business can generate positive cash flows for investors. - Source: Internet
- DePaola competed on “Shark Tank” in 2014, seeking an investor for a cover that protects wet paint brushes from drying out, according to NJ.com. DePaola, his cousin and a friend ultimately scored a $200,000 deal from shark Lori Greiner. - Source: Internet
- Sal admits that he thinks they have revolutionized the painting industry with just a piece of plastic, and they finally reveal exactly what The Paint Brush Cover is. Sal admits that maybe the Sharks have seen something like it and maybe own something like it, but they came up with it; since the Paint Brush Cover has a unique, airtight design, they can store paint brushes for weeks at a time without worrying about the brush drying out. This can easily save any painter hundreds a year in money. - Source: Internet
- The entrepreneurs elaborated their current business strategies and dealings to spark the interest of Sharks. The entrepreneurs expressed that they are currently selling their paint****brush covers to Wal-Mart. They also told Sharks that they are exporting their paint****brush covers to distributors in six different countries. - Source: Internet
- Lori asks if the trio has tried to sell to companies like Lowe’s or Home Depot, but Sal says at the current moment, they are working on selling to Wal-Mart. They do have distributors, however, and these distributors are in 6 different countries. Lori and Barbara also admit that, like Robert, they can’t believe there isn’t a product out there like The Paint Brush Cover – it just doesn’t seem possible. The three said that between them, they do have at least 20 years of professional painting experience, and they used to rely on saran wrap but got tired of having to re-wrap and unwrap every time it came to painting. - Source: Internet
- John starts with his story; between the three of them, the trio has over 60 years in painting experience. Not just canvas paintings, but big room paintings and even murals, too; the three are professionals. However, through the years, one thing has bothered them the most, and anyone who paints can relate that there is never a convenient location or time that you can set the paint****brush down to take a call, drive your children somewhere, or anything else without causing the paint to dry out or get ruined. - Source: Internet
- Robert asks if that is true, and the trio says that they have tested it for a period of up to 3 months at a time. They even have a brush with them that they’ve carried all around their travels, and it’s still wet. Robert says that he is finding hard to believe that the solution for saving your paint****brushes is so simple, but Sal says that the plastic container stores close to 100% humidity. It’s the same idea as tupperware; if you put paint in a tupperware container and leave it on a shelf, properly sealed, the paint will still be in liquid form when you open it months later. - Source: Internet
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