VULY TRAMPOLINES SPRINGS UP IN U.S.

Written on the 20 June 2014

VULY TRAMPOLINES SPRINGS UP IN U.S. VULY Trampolines is springing up, opening its first US office and signing a deal with Toys R Us.

Brisbane-based CEO and founder Joe Andon has received financial backing from local investors Cyril Jinks and Joseph Barakat to seal the deal.

“This type of stabilising investment gives us the ability to commence major operations in the US,” says Andon.

“The two investors have a wealth of experience and their insight will benefit the company in many ways."

Jinks says his acquisition of significant minority stakes in the company is a mutually beneficial partnership.

“It is a huge opportunity to promote the creativity and intellectual property of such a vibrant young company.

“I am delighted to support Joe both financially and strategically to ensure that Vuly Trampolines is globally competitive.”

The deal will further enhance Vuly Trampoline’s global presence which includes the markets of the US, UK, Canada, Qatar, Kuwait, Saudi Arabia and United Arab Emirates.

Andon founded Vuly Trampolines at 19-years-old in 2007 and has grown it into a $20 million company.



Latest News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

GOODMAN TAKES PROFIT AND REVENUE DECLINE BUT LOOKS TO CASH IN ON AMAZON'S ARRIVAL

Commercial and industrial property group Goodman (ASX: GMG) has reported underlying full year net profit has dropped ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

ARIADNE CUTS DEMANDS FOR FOUR ARDENT BOARD SEATS TO TWO AHEAD OF EGM

REBEL shareholders have reduced their demands on embattled theme parks operator Ardent Leisure (ASX: AAD) to give the...

Related News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter