Dr. J Sells Rights To Name, Image Guaranteed Rate Sponsoring White Sox Event South Carolina-Under Armour Deal Worth $71.5M Marketplace Roundup PGA Tour Honors Palmer With Full-Page Ad Ortiz Promotes Food Line On "Late Night" Paralympian Promoted As Public Speaker In SI BMW Joins Andretti To Compete In Formula E Stats Unveils New Logo, Brand Strategy Palmer Leaves Unique Marketing Legacy
SBD/July 16, 2012/Marketing and Sponsorship
Published July 16, 2012
HYPER COLOR: In Austin, Lori Hawkins reports locally-based Hyperwear fitness products company has "a new line of free weights made using rubber sandbags instead of hard metal," and is "now making sales in 20 countries." With former Nike Americas Sales Dir Denver Fredenburg as CEO, Hyperwear had revenue of $850,000 last year and "plans to more than double sales this year." Hyperwear's customers include the Austin, L.A., and Dallas school districts, the Univ. of Texas football and basketball teams, and Auburn Univ. football. The 10-person company "recently tripled its office space" by moving to a new 10,000 square-foot HQs in North Austin. Hyperwear now is "gearing up to raise a second round of funding to expand sales and marketing" (AUSTIN AMERICAN-STATESMAN, 7/16).
DRIVEN TO SUCCEED: NASCAR driver Dale Earnhardt Jr. is sponsored by the National Guard, which last week announced it was going to maintain its NASCAR deal. However, with U.S. Army's recent decision to end its sponsorship of Stewart-Haas Racing, Earnhardt said, "I feel that our program [with the National Guard] is really productive. Apparently they don't feel like theirs was productive. I feel like ours is successful. Marketing in any business is hard work, and, I feel like we do a good job of it and always have." Earnhardt added, "I'm just disappointed when any company or big entity like that leaves the sport entirely" (SPORTINGNEWS.com, 7/13). Meanwhile, in Indianapolis, Curt Cavin wrote Panther Racing IndyCar team Owner John Barnes "has seemed confident about keeping the National Guard in recent conversations about it." Panther Racing "has been exceptional in building that program, which does more than just try to recruit soldiers" (INDYSTAR.com, 7/13).
CAN'T WAIT! ESPN.com's Doug Williams wrote under the header, "Athletes Trademarking The Phrase That Pays." Williams noted athletes such as Jets LB Bart Scott, Redskins QB Robert Griffin III and Knicks G Jeremy Lin have recently trademarked phrases, slogans or nicknames. N.Y.-based attorney Jaia Thomas, who specializes in intellectual property and represents athletes and celebrities, said, "One of the main reasons is for economic reasons. ... It's also good just in terms of brand building. As athletes start to build their brand it's good to start to protect their individual property rights as soon as possible" (ESPN.com,7/13).