In
1981 Joel Marks wanted to invent something that would gain him financial
freedom - or, at the very least, freedom from a 9-5 job in a white shirt
and tie. Working on his 1967 MGB (which, after two cross country
trips and 300,000 miles, he drives to this day), he became frustrated by
tight spaces in the engine compartment. A light bulb switched on in
his head. And the SqueezeDriver® was born.
From
1982-1985 Joel worked on the SqueezeDriver every chance he had. He invested
over 2,000 hours to achieve a "final design." (Today
he could accomplish better results in less than 1/10th the time).
In
1985 Mike Marks, Joel's brother, and Brad Golstein, Mike's college friend,
joined Joel to found WorkTools, Inc. SqueezeDriver®
was introduced by WorkTools in 1988 and won immediate acclaim (see
Awards). Unfortunately, 1988 was also the year that the battery
powered cordless screwdriver made its hyperbolic debut. Overshadowed by the cordless screwdriver, SqueezeDriver
failed to find fame and fortune.
Nonetheless,
SqueezeDriver provided WorkTools with a priceless education. In its
efforts to find success for SqueezeDriver the company explored every
avenue - WorkTools created and operated its own semi-automated assembly line and
located new sources in China. WorkTools assisted its marketing
partners in producing 2-minute direct response TV spots and a 30-minute
infomercial. The company set up sales agents and distributors
throughout the US and in over 20 countries around the world for both
consumer and industrial distribution channels.
more...
And
there were some initial retail successes: Brookstone put SqueezeDriver on
the cover of its Fall catalog and in all of its retail stores. Mike
went on QVC a dozen times and sold more than 30,000 SqueezeDriver kits.
The product was a good seller in the Sears catalog (until the catalog
closed). Credit card mailings provided a ray of sunshine.
NAPA, K-Mart and Target bought the tool under private label.
But SqueezeDriver suffered the curse of Sisyphus. Each time its
retail rock was poised to roll forward, it rolled backward instead.
Simply put, once SqueezeDriver achieved retail placement it did not sell
through fast enough to keep it.
Ironically,
the small success SqueezeDriver had on TV engendered many knockoffs.
Today there are at least 6 Chinese companies making some version of
SqueezeDriver. Some of these even include the name "WorkTools"
in the housing!!! (Although SqueezeDriver
has patents in Taiwan, it has none in China. Moreover, given the
tool's lukewarm success, the cost of enforcement outside of the US
has not been justified). more...
WorkTools
itself assembled its last SqueezeDriver in 1995. The company still
believes in the tool and hopes to launch a new version in 2007.
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