Dr. Segal's

Dr. Segal's

March 05, 2015 08:00 ET

CBC Dragon David Chilton Doubles Valuation of Vancouver Company, Dr. Segal's Compression Socks, From $2 to $4 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 5, 2015) -

Editors note: There are four photographs associated with this press release.

Last night, Vancouver's fashionable compression sock company Dr. Segal's struck a deal with CBC Dragon, David 'The Wealthy Barber' Chilton, on the hit TV series Dragons' Den. The Segal family entered the den asking $300,000 for 15%, but Chilton, recognizing the massive growth potential in the $2 billion compression sock industry, doubled their valuation with an offer of $300,000 for 7.5%, giving them a $4 million valuation.

People are quickly starting to recognize the amazing health benefits around compression socks for young people as a preventative method for unwanted spider veins and symptoms of venous disease. Traditionally, compression socks have been perceived to be only effective for the elderly, but in fact, anyone who sits or stands for long periods of time can benefit from wearing compression socks.

"When we started Dr. Segal's Compression Socks 3 years ago, there was nothing exciting or fashionable available on the market," says Dr. Segal's President Randi Segal. "Now our fabulous compression socks bring FAST, EFFECTIVE RELIEF to the millions of people who suffer from tired, achy, swollen legs every day."

Dr. Segal's compression socks are highly desirable among travelers, mothers-to-be and everyday people who sit or stand for long periods. They are currently available in over 900 locations across Canada, including major retailers such as London Drugs, Shoppers Drug Mart, Pharmasave, Peoples Drug Mart and IDA Guardian Drugs.

Dr. Segal's President Randi Segal would love to talk to you about her business and her families experience pitching on the show. Please feel free to contact Randi to set up an interview or to receive a sample of Dr. Segal's Compression Socks in advance of their appearance. To view our product lines, please visit our website at www.drsegals.com.

ABOUT DRAGONS' DEN

Enter the Dragons' Den, where aspiring entrepreneurs pitch their business concepts and products to a panel of Canadian business moguls who have the cash and the know-how to make it happen. Ifyou are interested in speaking to any of the Dragons or host Dianne Buckner, please feel free to contact Kylie McGregor at CBC, (416) 205 8638, Kylie.McGregor@CBC.ca.

ABOUT DR. SEGAL'S

Founded in 2012 in Vancouver BC, and designed by a Surgeon with over 20 years experience treating patients with Vein Disease, Dr. Segal's makes fashionable, technically advanced compression socks for the effective relief of tired, achy, swollen legs.

To view the photographs associated with this press release, please visit the following links:

http://www.marketwire.com/library/20150305-995446_ORIG.jpg

http://www.marketwire.com/library/20150305-995446_B_ORIG.jpg

http://www.marketwire.com/library/20150305-995446_C_ORIG.jpg

http://www.marketwire.com/library/20150305-995446_D_ORIG.jpg

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