EZee Hoarding

Glenn and Kyle Olinek, a father-and-son team of carpenters from Langley, BC, asked for $250,000 for 5% equity in EZee Hoarding, a company that makes and rents reusable, recycled-plastic temporary construction barriers (hoarding) using a tongue-and-groove panel system with U-channels and corners, designed to replace wasteful materials like drywall and plywood; over 22 million pounds of hoarding waste is deposited in Canadian landfills annually. The panels can be custom-branded, cost clients about $5 per square foot, and are used mainly indoors in malls, airports, and storefronts. Sales were $105,000 in year one, $205,000 in year two, and were projected to reach $600,000 in year three.

Vincenzo Guzzo questioned the environmental and cost-saving claims and did not make an offer. Arlene Dickinson and Jim Treliving each offered $250,000 for 25% equity, while Michele Romanow said she could not match Arlene Dickinson's offer, Manjit Minhas felt the implied $5 million valuation was too high, and Lane Merrifield said he lacked construction background to invest. Glenn and Kyle Olinek initially declined both offers and prepared to leave without a deal, but ultimately turned down both Arlene Dickinson's and Jim Treliving's offers, choosing to proceed on their own.

EZee Hoarding is still operating and sells through its website.