No Dragons' Den deal after all for P.E.I. Forktula inventors - Action News
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PEI

No Dragons' Den deal after all for P.E.I. Forktula inventors

After landing a verbal deal on camera, during CBC's Dragons' Den last week, the pair of Islanders who invented the Forktula were ultimately unable to reach a deal with the Dragons on paper.

Business partners say sales have gone through the roof since appearing on the show

Josh Lindsay, left, and Oliver Sauve asked for $25,000 for 25 per cent of the company when they appeared on the CBC's Dragons' Den. (Sara Fraser/CBC)

After landing a verbal deal on cameraduring CBC'sDragons' Den last week, the pair of Islanders who invented the Forktula were ultimately unable to reach a deal with the Dragons on paper.

Josh Lindsay and Oliver Sauve invented a spatula-type accessory that slides on the outer two prongs of a fork as an alternative to "licking your plate."

"It turned out it wasn't a fit," said Lindsay Monday.

Started selling product in 2017

The pair asked for $25,000 for 25 per cent of the company. They said they had alreadysold about 16,000 Forktulas worth about $27,000.

Lindsay and Sauve received offers from two Dragons. (CBC/Dragon's Den)

Lindsay and Suave had the Forktula accessories manufactured in China and started selling them to the public at 15 P.E.I. stores in 2017 for $1 each.

Since it aired, we've been running non-stop, filling orders e-mailaftere-mailaftere-mail. Oliver Sauve

After the show, the pair went through the due diligence process and saidin the end it wasn't the right deal for them orfor the dragon they'd shaken hands with.

Josh Lindsay and Oliver Sauve invented a spatula-type accessory that slides on the outer two prongs of a fork as an alternative to "licking your plate." (Forktula/Facebook)

"When it comes down to it, not every business deal goes through. Andwe had to actually look at the terms and was it right for our business," Lindsay said.

Theinventors went into the show knowing therewas a slim chance they would come out with a signed deal. They said theirmain goalwas gaining publicity.

"Since it aired, we've been running non-stop, filling orders e-mail aftere-mail aftere-mail," Sauve said.

3 goals

When the pair first started dreaming up the devicethey hadthree main goals, Sauvesaid.

"It was to get this product on As Seen on T.V., to get it in front of Boston Pizza ... and to get it on Dragons'Den. So in a year and a half, we hit all those goals," Sauve said.

Sales have gone through the roof since they made their Dragons' Den appearance according toLindsay andSauve

"Things are moving really fast. It's hard to keep up but it's exciting and we look forward to what happens next," Sauve said.

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With files from CBC News: Compass