Vermont Teddy Bear Co. to Open a Satellite Bear Shop Near Ben & Jerry's Factory Tour Facility.Business Editors SHELBURNE, Vt.--(BUSINESS WIRE)--June 13, 2002 In response to demand for Vermont Teddy Bears along a major tourist belt in the Stowe, VT region, The Vermont Teddy Bear Company The Vermont Teddy Bear Company is one of the largest producers of teddy bears and the largest seller of teddy bears by mail order and Internet. The company handcrafts each of its teddy bears and produces almost 500,000 teddy bears each year. (R) (Nasdaq: BEAR) will open a new 2,000 square foot Bear Shop In Waterbury, VT about a mile from the Ben & Jerry's factory tour facility on the same scenic road. The doors will open Friday, June 14 to take advantage of brisk summer traffic with a publicized grand opening celebration planned for the weekend of June 29th. The Bear Shop joins the Cabot Annex store complex located on Route 100, about two miles north of I89 exit 10 in Waterbury, VT and adjacent to Annex partners Lake Champlain Chocolates Lake Champlain Chocolates is a privately held chocolate manufacturer located in Burlington, Vermont. The company handcrafts over one million pounds of gourmet chocolates each year. Their products are sold nationally through independent specialty food retailers. , Cabot Creamery The Cabot Creamery Cooperative is an American dairy marketing cooperative started in 1919 by farmers in Cabot, Vermont. The original plant had an investment of $3,700 in total, which was paid by 94 farmers in proportion to the number of cattle which each owned. , and Mesa, and nearby tourist attractions Ben & Jerry's and Cold Hollow Cider Mill. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cabot Creamery, an estimated 60,000 people visited the Cabot Annex last year. "When we heard a space was opening up on Stowe Road, a magnet for tourists, we jumped at the opportunity," said CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Elisabeth Robert. "Because this is a tourist destination A tourist destination is a city, town or other area the economy of which is dependent to a significant extent on the revenues accruing from tourism. It may contain one or more tourist attractions or visitor attractions and possibly some "tourist traps". , we think we will see much of the success that we see in our Shelburne factory store where annual sales exceed $1,000 per square foot." The Waterbury Bear Shop features a great selection of handmade Vermont Teddy Bears dressed to suit virtually every reason and season plus the popular Make A Friend For Life(R) interactive attraction where customers can participate in making their own teddy bear. Store hours will be 9-6PM daily. Over 130,000 people visit the Vermont Teddy Bear Company main factory store in Shelburne, VT annually. The nation's largest maker of handcrafted hand·craft n. Variant of handicraft. tr.v. hand·craft·ed, hand·craft·ing, hand·crafts To fashion or make by hand. hand·craft teddy bears, The Vermont Teddy Bear Company makes more than 450,000 bears out of its Shelburne-VT and Newport-VT facilities for its Bear Gram(R) gift delivery service as well as for purchase in the Shelburne- and new Waterbury- VT Bear Shops. Both stores feature the popular Make A Friend for Life attraction, a popular interactive bear- making activity. Bear Gram gifts are a creative alternative to sending flowers. Each one includes a customized Vermont Teddy Bear accompanied by a personalized greeting card and candy treat, all packaged in a colorful gift box with an air hole. Bears can be purchased over the phone at 1-800-829-BEAR or online at www.VermontTeddyBear.com. The foregoing can be interpreted as including forward-looking statements under Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Actual future results may differ materially suggested by the statements above. For more information or images of the Waterbury store, please contact: Cal Workman 802-985-1362 |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion