The creator of Candwich, a convenient sandwich-in-a-can, is hoping that despite recent setbacks his company has faced, the product will hit stores and vending machines soon.
"There are 12 billion cans of soda sold in vending machines a year, so if they buy a sandwich, there's a real profit," said Mark Kirkland, a Sandy resident who has been working to capitalize on his idea for the past decade to the Deseret News. "It's actually good. I'm not kidding," Kirkland said. "The bread is the main thing. It's soft and tastes great."
Candwiches faced a major blow earlier this month when it was revealed that a major investor was being sued by the federal Securities and Exchange Commission. Travis Wright, a Draper resident, promised investors returns of up to 24 percent on real estate, but instead used their money to support Candwiches, a movie about Pinewoord Derbies, and on vacations and home improvements for him and his family.
The negative publicity however, might be just the thing Kirkland needs to get the Candwich in the hands of consumers. Since news of the shady investor went public, Kirkland has been featured on Newsweek, National Public Radio, "The Colbert Report", and of course, 17 Tracks.
"I'm getting 10 million bucks of free publicity now, but a month later would have been better,"said Kirkland.
There are currently three flavors of Candwich planned - PBJ Strawberry, PBJ Grape, and BBQ Chicken, but Kirkland says he plans to roll out Pepperoni Pizza and French Toast.
"I want it to be more of a convenience food, like bottled water," Kirkland said. "When bottled water first came out, everyone thought, 'Who would pay for that when there's a drinking fountain over there?' Now, I have a bottle of water every day."
Showing posts with label Candwich. Show all posts
Showing posts with label Candwich. Show all posts
A Utah man who promised investors returns of up to 24 percent on real estate is facing a lawsuit after he took $145 million of investor's money and instead put it other places, including "Candwiches", a sandwich-in-a-can product.
Travis L. Wright of Draper is facing a lawsuit from the federal Securities and Exchange Commission. The litigation release accuses Wright of assuring investors "that their funds would be used only to make loans secured by commercial real estate, when in fact he used their funds primarily for loans and investments having nothing to do with real estate."
In addition, the document states that "he was using investor funds to pay for a lavish lifestyle for himself and his friends and family."
Wright's companies, under the collective name of Waterford Funding, also worked on products such as Pepperoni Pizza Pocket and French-toast-in-a-can, all which were intended to be sold in vending machines. Candwiches were to be marketed as "the perfect product for people on the go," that had "a long shelf life perfect for emergency food storage needs in the event of natural disasters". Wright also invested in a company he co-owned with his brother to distribute a movie about a cub scout Pinewood Derby.
Travis L. Wright of Draper is facing a lawsuit from the federal Securities and Exchange Commission. The litigation release accuses Wright of assuring investors "that their funds would be used only to make loans secured by commercial real estate, when in fact he used their funds primarily for loans and investments having nothing to do with real estate."
In addition, the document states that "he was using investor funds to pay for a lavish lifestyle for himself and his friends and family."
Wright's companies, under the collective name of Waterford Funding, also worked on products such as Pepperoni Pizza Pocket and French-toast-in-a-can, all which were intended to be sold in vending machines. Candwiches were to be marketed as "the perfect product for people on the go," that had "a long shelf life perfect for emergency food storage needs in the event of natural disasters". Wright also invested in a company he co-owned with his brother to distribute a movie about a cub scout Pinewood Derby.
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