SOURCE: Vermont Teddy Bear

Vermont Teddy Bear

Vermont Teddy Bear

August 25, 2009 10:51 ET

"BUCKS for BEARS": Vermont Teddy Bear Launches Its Own Version of Cash for Clunkers, Offering a Credit Towards a New Bear Purchase

SHELBURNE, VT--(Marketwire - August 25, 2009) - The government's "Cash for Clunkers" program may be out of money, but there's another way to turn something old and worn out into cash toward something brand new. The Vermont Teddy Bear Company announced today its "Bucks for Bears" program, which invites customers to send in their old, worn out teddy bears in exchange for $20 off the purchase of an authentic, handcrafted Vermont Teddy Bear.

"If someone's not getting the mileage they'd hoped out of their old teddy bear, we encourage them to trade it in for cash towards a Bear that will really go the distance," says John Gilbert, president and CEO of The Vermont Teddy Bear Company. "Vermont Teddy Bears are handmade right here in Vermont, USA and are unconditionally guaranteed for life, so they'll have their new Bear forever."

Locals or folks wanting to make the trek to Shelburne, VT can bring their old teddy bears to The Vermont Teddy Bear Factory and receive their $20 discount on the spot. The credit is good towards any 15" Vermont Teddy Bear (a $49 minimum purchase) and the new Bears must be purchased the same day. Customers also have the option of mailing their old bears directly to the Company. "All they have to do is include their name and phone number when they mail us their bear," says Gilbert. "We'll give them a call when we receive their old bear and will take their new Vermont Teddy Bear order right over the phone."

As for what will be done with all the old, worn out teddy bears they receive, the Company says it will give them a permanent home at their Shelburne factory. "We have a place in our factory where the 'recycled' bears can retire," says Gilbert. "They'll be given a place to rest near our tour route, so other visitors can see them and previous owners can pay them a visit."

The Company welcomes teddy bears of all shapes and sizes, but does warn that the money allocated for this program may run out soon, so those who are interested in taking advantage of the "Bucks for Bears" program are advised to send their old bears in as soon as possible. Customers are welcome to call a friendly Bear Counselor at 1-800-829-BEAR (2327) or email for more information. Bears can also be mailed to ATTN: "Bucks for Bears," The Vermont Teddy Bear Company, 6655 Shelburne Road, Shelburne, VT 05482.

The Vermont Teddy Bear Company is the largest handcrafter of Teddy Bears in North America. Each BearGram® gift includes a customized Vermont Teddy Bear accompanied by a personalized greeting card and free gourmet candy, all packaged in a colorful gift box with an air hole. Orders can be placed by phone at 1-800-829-BEAR, where a friendly Bear Counselor® will assist with Bear selection and personalization, or online at

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