Posted on 08/28/2009 by RealityWanted in Shark Tank
In just three weeks, the "Sharks" of ABC's hit new reality show "Shark Tank" have invested over $1.5 million dollars into the unique ideas and products presented to them by the show's contestants.
Through the deals made on "Shark Tank," several businesses have found new growth and success. Mr. Tod's Pie Factory, featured in the premiere episode, has tripled its sales and is in negotiation with a professional sports team to have a kiosk at their arena. An appearance on QVC by Mr. Tod resulted in 5,000 pies being sold in eight minutes, totaling $20,000 in sales.
A Perfect Pear, featured in "Episode 102," received $500,000 and has since been able to increase manufacturing, leading to product availability in stores nationwide and a 100% increase in sales since the segment aired, as well as 1600 units being sold on HSN.
Meanwhile, Ava the Elephant, also featured in the premiere episode, is in talks with several major medical manufactures to license the product to national retail chains.
"Shark Tank," airs Sundays (9:00-10:00 p.m., ET) on the ABC Television Network.
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