SRM announces Sip with Me cups Reorder

Rhea-AI Summary

SRM Entertainment, Inc. (Nasdaq: SRM) received a significant re-order of 18,000+ Sip With Me cups valued at $275,000 from an established Orlando theme park customer. The company aims to grow by establishing Sip With Me as a fan favorite, leveraging the theme park's magic and fun to reach its target audience.

Insights

Market Research Analyst

The re-order of 18,000+ Sip With Me Cups by SRM Entertainment, Inc. from a significant Orlando theme park is a testament to the product's market acceptance and consumer demand. The retail value of $275,000, while not a game-changer for a large company, can be a positive indicator for SRM's revenue streams and growth potential, particularly if such re-orders become consistent. The theme park's long-standing reputation and high footfall provide a valuable platform for brand exposure and customer engagement.

From a market perspective, this partnership leverages the theme park's visitor traffic to boost product visibility, which could lead to increased sales both on-site and in other retail channels. The association with a well-known entertainment venue also serves as an implicit endorsement, potentially enhancing brand perception among consumers.

Financial Analyst

The announcement by SRM Entertainment, Inc. regarding the re-order of their Sip With Me Cups may have a positive impact on the company's stock performance, albeit potentially minor given the scale of the order relative to overall company revenues. Investors often look for growth signals such as re-orders from established clients as an indicator of product success and customer satisfaction. This repeat business could suggest a stable and possibly expanding revenue source for SRM.

However, it is essential to consider the order's size in the context of SRM's total sales. While $275,000 is a significant sum, it may represent only a small fraction of the company's revenue. Investors should consider the company's overall financial health, market position and the potential for similar deals in the future when evaluating the impact of this news on the company's financial outlook.

JUPITER, FL, March 28, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc., (Nasdaq: SRM) (the “Company” or “SRM”) announced it has received an 18,000+ piece assorted Sip With Me Cup re-order with a retail value of approximately $275,000. The order from one of SRM’s Orlando theme park customers, that has been in business more than fifty years and welcomes more than four million guests per year, continues to be a great venue for SRM to introduce its patented Sip With Me cups to our target audience.

“Growing SRM and establishing Sip With Me as a fan favorite continues to be our goal. From a business standpoint, we like new product orders but we love re-orders. Being associated with the magic and fun of a theme park visit is a plus for our brands.” 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 Sip With Me cups were included in the re-order received by SRM Entertainment, Inc.?

SRM Entertainment, Inc. received an 18,000+ piece assorted Sip With Me cup re-order.

What is the retail value of the re-order received by SRM Entertainment, Inc.?

The re-order received by SRM Entertainment, Inc. has a retail value of approximately $275,000.

Who placed the re-order with SRM Entertainment, Inc.?

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

What is the significance of the re-order for SRM Entertainment, Inc.?

The re-order signifies a continued partnership with an established theme park customer, providing a great venue for SRM to introduce its Sip With Me cups to the target audience.

What is SRM Entertainment, Inc.'s goal regarding Sip With Me cups?

SRM Entertainment, Inc.'s goal is to grow and establish Sip With Me as a fan favorite product.