ITT Licensing™ facilitates informative conference call on behalf of Invent-Tech inventor…

Hello, Juan C. Blanco, ITT’s Director of Product Licensing, checking in with our latest update on our efforts on behalf of Invent-Tech inventors. Today we provide you with an update on a situation we had last reported on in a January 28th entry (”Update: Invent-Tech facilitates conference call with inventor and potential licensee of bedding accessory…“). In that posting, we had provided the details of a conference call that took place with the potential licensee of a bedding invention regarding the due diligence he has been conducting on the product idea. The manufacturer had recently contacted us about putting together another call so that he could provide an update.

Accordingly, an ITT Licensing™ representative recently facilitated a conference call wherein the manufacturer went on to explain  that he had been waiting on some quotes from a factory in China that he would potentially use to mass produce the item were he to decide to license it, and that he had now obtained the numbers, which looked favorable.

He also emphasized that his next step over the next several weeks before making a decision was to have some of his company’s sales representatives canvass some existing distributors and retailers they did business with regarding the product idea to get a feel for how receptive they would be to carrying it. Additionally, the principal of the company himself plans to visit the owners of two high-end hotels that he knows personally in order to get their feelings on the item and gauge the interest they’d have in purchasing it in mass quantities for the thousands of guest rooms in their facilities. All parties agreed to reconvene in early May on the telephone for a conference call that will likely be instrumental in the future of the invention with this particular manufacturer.

Join us here on the Invent-Tech Network on April 28th for our next update!

Add comment April 14th, 2008