Slide’em Inc.

Lawrence Crook of Barrie, Ontario, founder of Slide'em Inc., asked for $250,000 for 10% of his company, which designs and manufactures private label touchscreen-compatible gloves, including a proprietary smart fabric that also works with fingerprint scanning technology. The company has launched a new house brand called WTD Smart Gloves, aimed at mechanics in the automotive industry, with prices ranging from $14 to $34 across 25 styles; gloves are manufactured in China with design and marketing done in Canada. The core private label business has done about $400,000 in year-over-year sales, working with clients such as Victoria's Secret, Canadian Tire and Red Bull, and two U.S. automotive retailers with a combined 11,000 stores are expected to order 150,000 and 300,000 pairs respectively this year.

Jim Treliving initially offered $250,000 for 10% but withdrew after Lawrence Crook chose another offer. Michael Wekerle went out, feeling the $2.5 million valuation was too high. Arlene Dickinson went out despite liking the product. Michele Romanow and Joe Mimran both went out, saying they could not compete with the other offers on the table, with Joe Mimran offering future support if the deal did not work out. Manjit Minhas offered $250,000 for 10%, citing her own experience in private label manufacturing, and Lawrence Crook accepted her offer.

Slide’em Inc. appears to have closed. Its products may no longer be available.