SRM Announces New Misting Fan Order

Rhea-AI Summary

SRM Entertainment, Inc. (Nasdaq: SRM) announced a significant order of 36,000+ Misting Fans with a retail value of $900,000 from an Orlando theme park customer. The custom-designed fans are aimed at enhancing guest experience during summer, aligning with the company's strategy to expand in theme park markets.

Positive

• SRM secured a substantial order of 36,000+ Misting Fans worth $900,000 from an established Orlando theme park customer.
• The fans are tailored to enhance guest experience during summer, catering to the needs of over four million annual visitors.
• The order reflects SRM's commitment to expanding its product offerings in the thriving theme park industry.
• CEO Rich Miller highlighted the significance of Misting Fans in enhancing the magical experience for theme park guests during hot summers.
• The order signifies a strategic move by SRM to strengthen its presence in one of the world's leading theme park destinations.

Negative

• None.

JUPITER, FL, April 17, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc., (Nasdaq: SRM) (the “Company” or “SRM”) announced it has received a 36,000+ piece order with a retail value of approximately $900,000 for SRM’s Misting Fans. The colorful and custom designed fans are popular for helping theme park guests keep cool and enjoy themselves, and will be delivered in time for summer. The order is from one of SRM’s Orlando theme park customers that has been in business for more than fifty years and welcomes over four million guests per year.

“Misting Fans are a popular way for theme park guests to enjoy the magic during Orlando’s summers. We continue to expand our products’ reach into one of the world’s best theme park destinations.” stated SRM’s CEO Rich Miller.​

About SRM Entertainment, Inc.

SRM Entertainment designs, develops, and manufactures custom products, toys and souvenirs for the world's largest theme parks and other entertainment venues. SRM products are available worldwide at Walt Disney Parks and Resorts, Universal Parks and Destinations, United Parks and Resorts - SeaWorld and other attractions. Many of SRM’s creative products are based on award winning multi-billion-dollar entertainment franchises that are featured in popular movies and books. SRM’s products are offered alongside popular rides and attractions in theme parks, zoos, aquariums, and other entertainment venues. SRM’s design team developed specialty dolls, plush and toys for one of New York City’s landmarks that features a popular holiday show. SRM’s design team is credited with creating popular products which have been successfully sold at specialty theme park events. SRM’s exclusive-patented Sip With Me cups feature fun, kid friendly Zoo, Sea and animal themed characters as well as licensed characters from Smurfs, ICEE and Zoonicorn.

Caution Regarding Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the risk factors discussed in the “Risk Factors” section of the registration statement for the Offering filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law.

Media and Investor Relations

Info@SRMentertainment.com
(407)-230-8100
website: SRMentertainment.com

FAQ

How many Misting Fans did SRM receive an order for?

SRM received an order for over 36,000 Misting Fans.

What is the retail value of the Misting Fan order received by SRM?

The retail value of the Misting Fan order is approximately $900,000.

Who placed the order for Misting Fans with SRM?

The order was placed by one of SRM's Orlando theme park customers.

What is the purpose of the custom-designed Misting Fans ordered by SRM?

The custom-designed Misting Fans are aimed at helping theme park guests keep cool and enjoy themselves during summer.

How does SRM plan to expand its product reach with the recent order?

SRM aims to expand its product reach by delivering Misting Fans to one of the world's best theme park destinations.