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Hugos Amazing Tape Shark Tank Update: What Happened After Shark Tank?

SEASON 9 EPISODE 23
Pitchnon-adhesive, self-clinging tape
EntrepreneurKatherine Saltzberg and Lauri Fraser
Asked For$50,000 for 50%
Deal$100,000 for 100%
SharkMark Cuban and Lori Greiner
StatusIN BUSINESS

Company Background

What is Hugo’s Amazing Tape?

The tape is unique, robust, durable, and leaves no sticky residue. It has thousands of uses that include wrapping up potlucks, embroidery, tying wires and codes, and can be used on freezers or toss in the microwave, and more.

Founder’s Story

As a young man, Hugo Maisnik spent much time in his father’s printing store. Inspiration struck him one day, when the impression of an incredible tape came to him when he picked up his dad’s packages for his printing store, which had all content ruined apart from one portion of plastic.

The portion triggered his creativity to imagine a highly rigid tape and the Amazing Tape notion. Hugo desired a tape with the ability to flex to wrap gentle posters or reels of thick paper. He began playing with different widths of plastic until he found one that was just right.

His desire to share the tape with the world inspired his tour around the country in trade shows, living rooms, and fairs. He would request anyone passing by to have a feel of the tape at every event.

Hugo gathered a vast gathering exhibit for his tape and often sold the amount he had carried with him. The people were impressed by his tape and its immense flexibility.

Hugo’s Amazing Mask was premiered at the 2002 INPEX convention. Maisnik received many propositions from dealers after the launch but chose to continue without corporation support.

In 2014, Hugo’s Amazing Tape was added to Amazon. Between 2015 and 2017, they made sales worth $500,000 and $27,500 from 2017 to July 2018.

Challenges

After Hugo’s death, the patent expired. However, Hugo’s daughters, Kathryn Saltsburg and Lauri Frasier were determined to ensure that the Amazing tape remained in the market. They would sell it online, in trade conventions, and the boots of their cars.

Further, they lacked capital for investment and know-how to run the business.

The daughters saw how hard their parents put in to ensure that Hugo’s Amazing Tape becomes a triumph. Consequently, they believed in their father’s fantastic products and sought to ensure that the product succeeds in honor of Hugo’s memory.

What Happened After Shark Tank Update

Is Still in Business?

The Amazing Tape has disappeared for a while after airing on Shark Tank but with Mark and Lori’s guidance, Katherine and Lauri were able to turn Hugo’s Amazing Tape into a success and keep Hugo’s legacy alive.

Where to Buy Hugo’s Amazing Tape?

Hugo’s Amazing Tape is accessible in retail, Walmart, online, and other small companies in various colors and sizes.

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