Group of savvy entrepreneurs purchase the domain gloves.com for $1.2M!
San Francisco, CA – Dec 28, 2020 – The COVID-19 pandemic highlighted problems with supply chains, distribution, and the unavailability of critically needed personal protective equipment. To create a long-term solution, seven entrepreneurs came together and purchased Gloves.com for $1.2 million. It’s one of the highest amounts ever paid for a domain.
“There have been a lot of price gouging, scams and fake products in the gloves market because of unprecedented high demand and simply not enough supply,” said Shakil Prasla, President of Gloves.com. “We will solve this problem by being THE trusted source for medical gloves at affordable prices and always being in stock.”
The company’s leadership includes Shakil Prasla, Sean Evans, Karl Selle, Shawn Hussain, John Bazzo, Evan Lyons, and Walter Ha. Highly-regarded professionals in their fields, the skills and expertise among the founders include eCommerce, law practice, medical sales, and fundraising. The company’s primary customers include the U.S. Department of Defense, state entities and agencies, large hospitals, and distributors. The company will also supply doctor and dental practices, fire and police departments, ambulance companies, and group purchasing organizations.
“We’ve been able to service several reputable institutions and will continue to grow our footprint aggressively throughout the country,” said Sean Evans, CEO of Gloves.com
The group began in June 2020 to solve the shortage issues and began importing boxes of gloves. The founders wanted to create a long term solution and so Gloves.com was acquired as the vehicle to streamline the delivery of these much needed supplies, especially as the country begins to adapt to “The New Normal.” Gloves.com will sell nitrile gloves, latex gloves and vinyl gloves, among other types disposable gloves, with an emphasis on medical grade gloves. Gloves.com will go live in mid-January 2021 and the company’s goal is to bring in more than 50 million boxes of gloves to the USA during 2021.
Gloves.com launched with several million in initial funding for inventory by the founders, and has already secured several million boxes of production. Upon appropriate vetting, interested investors have the opportunity to be part of the innovative brand by investing in their production lines. Currently, Gloves.com is already reviewing proposals from interested investors.
Even with vaccines becoming available, the COVID-19 pandemic continues to ravage the country and the need for gloves shows no sign of decline. Industries ranging from healthcare to food to consumer services have been disrupted and become more risky because of the unavailability of gloves.
The chaos that ensued in obtaining basic glove supplies at the beginning of the pandemic was instrumental in highlighting the flaws in the system of PPE procurement and deployment. Through Gloves.com, the company is aggressively combating the problem and is on track to being a major supplier of essential supplies in the United States.
For more information, visit: www.gloves.com