Zomm on Shark Tank
Wireless Leash for iPhone - Season 4 Update
 |
| The Zomm Wireless Phone Leash Featured on Shark Tank |
The Zomm wireless leash for your iPhone hooks to your key chain and sounds off an alarm if you ever walk off and forget it. But that's only part of what this clever Blue tooth devise is capable of doing. The Zomm can also be used as a hands free speaker phone while you're driving or can also be set up to dial any number in case of an emergency. The inventors of the Zomm, Henry and Laurie Penix from Tulsa, Oklahoma, came up with the name using the first letter of their kid's name. Starting with Zack, Olivia and Madison, with the additional M standing for Mom, completes the Zomm Brand name.
Henry Penix walked into the Shark Tank looking for a $2 million dollar investment in exchange for 10% equity stake in the Zomm Business. Starting negotiations with the Sharks putting a $20 million valuation on the company you best have some sales too back it up, and they did. In 2011 sales were $5 million, with 2012 sales on track to sell $7.2 million with $2 million in net profit. Read More Here-->>>
No comments:
Post a Comment