SAN FRANCISCO, Dec. 13 /PRNewswire/ -- Brondell Inc., developer of the
Swash(TM), a revolutionary high-tech toilet seat, announced it has secured
$1.3 million of Series A financing from a group of investors including
technology visionary Mark Cuban. Cuban joins Brondell's advisory board along
with packaged-goods veteran Todd Schmidt and high-tech marketing veteran Scott
Epstein. Brondell will use the investment to finalize the development of new
products, and expand distribution and marketing to capture additional
marketshare in the fast growing U.S. luxury bathroom products category.
Brondell introduced the Swash(TM) in January 2005 to target the luxury
bathroom products market and to help create a better bathroom experience for
American consumers. The Swash is a high-tech toilet seat that provides all of
the hygienic benefits of a traditional bidet, but it is installed on existing
residential toilets. The Swash utilizes two retractable wands to provide a
filtered posterior and feminine warm water wash and has a heated seat and all
functions operate at the push of a button. The Swash 600 model even has a warm
air dryer and wireless remote control. Focused exclusively on the U.S. market
to date, the company has seen record growth, experiencing average quarter over
quarter revenue growth of nearly 50% in 2005.
"I have always been interested in innovative and cutting edge-technologies
coupled with a large market opportunity," said Mark Cuban, "Brondell is a
prime example. The team has developed an innovative approach that targets a
massive market which has seen little innovation in the last 250 years. It's an
exciting time for Brondell."
"As the American consumer's desire for a more comfortable and healthier
lifestyle grows, so does the demand for luxury bathroom products like the
Swash," said Scott Pinizzotto, CEO of Brondell. "This investment is exciting
for us because it validates our market opportunity, provides the capital to
develop products that will continue to improve the bathroom experience, and
gives us access to a strong group of advisors."
Brondell's flagship products, the Swash 400(TM) and Swash 600(TM), are
available at HomeDepot.com, LinensNThings.com, EXPO design centers, select
Bed, Bath & Beyond stores and online at www.brondell.com. The Swash 400 and
Swash 600 retail for $429 and $549, respectively.
About Brondell, Inc.
Founded in 2003, Brondell, Inc. is a leading developer of innovative
luxury bathroom products that create a better bathroom experience for American
consumers. Brondell's flagship product, the Swash(TM), is a high-tech toilet
seat that provides all of the hygienic benefits of a traditional bidet, but it
is installed on existing residential toilets. Based in San Francisco, the
company is named in homage to John F. Brondel, the inventor of the flush valve
toilet in 1738. For more information on Brondell or Swash visit
www.brondell.com or contact 888-542-3355.
SOURCE Brondell Inc.