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

STAFF CHURN BLAMED FOR MCGRATH EARNINGS DOWNGRADE

MCGRATH will fail to meet earnings forecasts after some of its star real estate agents defected to growing Perth firm...

MCBAIN RESIGNS AS BELLAMY'S DIRECTOR WHILE THIRD CLASS ACTION MOVES CLOSER TO SECURING FUNDING

LAURA McBain (pictured) has resigned as a director of Bellamy's Organic (ASX: BAL) today, effective immediatel...

REDBUBBLE TO MISS IPO FORECASTS

REDBUBBLE, the online marketplace for independent artists, will miss a series of forecasts set out in its IPO in its ...

BLUESCOPE CONTINUES STRONG RUN WITH GUIDANCE UPGRADE

BLUESCOPE Steel (ASX: BSL) is trading up 7.51 per cent at $11.16 per share after upgrading its half-year guidance thi...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter