CLEARWATER, Fla., Aug. 21, 2013 /PRNewswire/ -- As Seen
On TV, Inc. (OTCQB: ASTV), a leading multi-platform product
marketing company and online shopping destination, today announced
a strategic partnership with Lightning Launch, a prominent direct
response product company, and Invention Home, a leading product
development and marketing company for inventors and entrepreneurs.
Under the arrangement, As Seen On TV will significantly increase
its participation in new product origination and licensing in the
direct response and As Seen On TV product categories. The three
partners will assist inventors to refine their concepts, produce
prototypes, develop manufacturing details and negotiate licensing
arrangements for the direct response, live shopping and mass-market
retail channels.
"This new partnership exemplifies the category-leading platform
we are building at As Seen On TV," said Kevin Harrington, Chairman and Founder of As
Seen On TV. "We now work with inventors every step of the way, from
feedback on early submissions, to guidance through development and
license negotiations. We will even test the market for products
through our soon to be launched crowdfunding platform."
Lightning Launch was created by the marketers of the top-selling
SeatPets, traveling stuffed animals for kids that attach directly
to the seatbelt. Based on their experiences and in conjunction with
As Seen On TV, Lightning Launch created a framework to vet new
products in a category now valued at $150B in retail sales each year. "We're excited
about the opportunity to partner with Kevin
Harrington and all of the inventors and entrepreneurs who
appreciate his experience transforming ideas into retail success,"
said Michael Noll, CEO of Lightning
Launch. "In the process, Kevin has made hundreds of inventors
famous and wealthy. Together we will help inventors navigate the
foggy and often perilous space from a great idea to the retail
shelf."
"As Seen On TV receives thousands of creative ideas each year
from ingenious inventors and entrepreneurs. We've received well
over 2,000 submissions through AsSeenOnTV.com alone. Our two new
partners will help us scale effectively and develop a unique
portfolio of licensed products in the direct response and As Seen
On TV categories," said Ronald C. Pruett,
Jr., CEO of As Seen On TV.
InventionHome has been helping every day inventors for the past
ten years with a standard of excellence in product and invention
licensing. The company has made it possible for inventors worldwide
to connect with companies across the
United States seeking new innovations. InventionHome works
with thousands of companies across many product categories
including direct response and As Seen On TV. "This is a great
time to expand our relationship with As Seen On TV, which will
enable us to provide even more opportunities to inventors and their
creative ideas," said Russell
Williams, President of InventionHome. "I look forward to
collaborating with both companies to help bring more great products
to market, and ultimately turn them into best-sellers."
As Seen On TV, Lightning Launch and InventionHome are already
working on numerous products together. The partners will also
collaborate with other select partners in the direct response
category and corporate arena to bring successful consumer products
to market quickly and effectively.
Inventors and entrepreneurs can submit their products at
www.submitmyinvention.com/submit/asseenontv. For more information
on As Seen on TV's upcoming crowdfunding platform, please visit
crowdfunding.astvinc.com.
About As Seen On TV
As Seen On TV, Inc. (OTCQB: ASTV)
is the leading multichannel distributor of As Seen On TV products
and serves up fun for engaged consumers worldwide. Customers can
find 1,500 products from As Seen on TV in the areas of Household,
Kitchen, Outdoor, Health & Beauty, Fitness, Clothing,
Electronics, Toys, Novelty, Pets, DVDs, and Food. Celebrities and
industry experts often endorse As Seen On TV products for their
inventive nature and utility. For more information, please visit
www.AsSeenOnTV.com or follow ASTV online at
Facebook.com/OfficialAsSeenOnTV, @AsSeenOnTV on Twitter and
Pinterest.com/AsSeenOnTVHQ.
About Lightning Launch
Lightning Launch is a boutique
DRTV firm with an inventor-centric focus. Its in-house marketing
experts and international distribution capabilities streamline the
infomercial-to-retail process. Each member of the Lightning Launch
team has the battle-proven skill set and well-honed gut instincts
to cut through the clutter and deliver great new products to the
shelves of mass-market retailers. The company is committed to
helping people with great ideas maximize the potential of their
creativity and ingenuity. In a category that has become all about
'speed to market', a partnership with Lightning Launch makes it
possible for the inventor to finally enjoy the advantage of being
the first big mover. For more information, please visit
www.lightninglaunch.com.
About InventionHome
InventionHome is an industry
leader specializing in invention and product licensing. The company
offers a unique model for assisting inventors through the patent
and invention process with the ultimate goal of licensing or
wholesaling their clients' innovations to manufacturers,
distributors, retailers or As Seen On TV companies. For more
information, please visit www.inventionhome.com.
Forward-Looking Statements
In accordance with the Private Securities Litigation Reform
Act of 1995, we caution you that, whether or not expressly stated,
certain statements made in this news release that reflect
management's expectations regarding future events and economic
performance are forward-looking in nature and, accordingly, are
subject to risks and uncertainties. This information is qualified
in its entirety by cautionary statements and risk factor
disclosures contained in the Company's Securities and Exchange
Commission filings, including the Company's annual report on Form
10-K for the fiscal year ended March 31,
2013. We caution readers that certain important factors may
have affected and could in the future affect the Company's actual
results and could cause the Company's actual results for subsequent
periods to differ materially from those expressed in any
forward-looking statement made by or on behalf of the
Company.
SOURCE As Seen On TV, Inc.