Tribesports

Tribesports

August 07, 2013 06:32 ET

Tribesports Launches Kickstarter Campaign to Create Community-Driven Sportswear Line

Community of Sports Enthusiasts Takes on $250 Billion Sportswear Industry With New Approach That Strips Out 40 Percent of Cost to Consumers

LONDON, UNITED KINGDOM--(Marketwired - Aug. 7, 2013) -

Editors Note: There are 3 photos and 1 video associated with this Press Release.

Today one of the world's largest communities of sports enthusiasts launches a Kickstarter campaign aimed at challenging the $250 billion global sportswear industry*. Tribesports, home to 200,000 members, plans to launch the world's first community-powered sportswear brand, bringing high-performance sportswear to market at prices up to 40 percent less than the market leaders. Tribesports' Kickstarter campaign seeks to crowd-fund $46,000 to cover the production costs for the first line.

"Technical sportswear is expensive, but we believe we can make it more accessible," said Steve Reid, Tribesports CEO. "We plan to remove the middlemen, ludicrous multi-million-dollar marketing campaigns and failing bricks and mortar stores from the equation. Instead we'll work with industry-leading designers, manufacturers and incorporate input from our community of athletes, and sell our sportswear online, enabling us to pass huge savings directly to customers without compromising on quality."

The United States is Tribesports' fastest-growing market, and the brand expects its global Kickstarter campaign to be driven primarily by US and UK supporters. Reaching the $46,000 Kickstarter funding target will enable Tribesports to push the button on production of the world's first community-powered performance sportswear line.

A survey of 1,388 sports enthusiasts found that 71 percent feel forced to make a choice between price and quality when buying sportswear. An astounding 84 percent said that pro endorsements have no influence over what sportswear they buy, and 82 percent said their friends influence their purchasing decisions more so than professional athletes.

"We are asking people to join us and support our Kickstarter campaign to help us make high quality-sportswear at vastly lower prices," continued Reid.

Kickstarter backers will be the first to get their hands on the debut Tribesports line at a one-time-only early bird rate. Pledges are also available for those looking to get heavily involved with the project; from sitting in with the designers to becoming a face of the brand for the line's launch.

The Tribesports Kickstarter campaign begins on Aug. 7, 2013 and will run for 30 days. Prototypes for the first line have already been developed using data and input from the Tribesports community. Tribesports will be working with its community, customers and Kickstarter backers to design, spec and spread the word about Tribesports performance wear.

The prototypes have been lab-tested, wear-tested and are ready to run. The first Tribesports line will include long-sleeve and short-sleeve technical t-shirts, performance shorts, capris-length running tights and performance half-zip tops, all in premium technical fabrics.

Anyone interested in backing the Tribesports Kickstarter campaign can do so by pledging from as little as $10 here.

About Tribesports:

Tribesports is one of the world's largest online sports communities. Its members are dedicated to training and pushing one another to reach their sporting goals. Launched in June 2011, Tribesports has grown 3,700% in the last 12 months.

The platform allows you to build a complete profile of your sports life; tracking, sharing and celebrating your sports activities and achievements as you go. You can discover, set and achieve new sports and training goals by taking on Challenges, and you can join Tribes of users that share the same sports interests as you, based on location, sports position, ability level and attitude.

Tribesports currently has 200,000 members from 131 countries participating in over 500,000 tribes and completing over a million Challenges. Tribes range from the almost 20,000 strong "Abs of Steel" tribe to the 'Stretching and Recovery' tribe with over 7,000 members. Challenges can be individual or team based, measurable or qualitative, for example "Complete a one-minute plank", "drink 2 liters of water a day for a month" or a recent team Challenge - girls vs. boys "Tour de Tribesports", where during the 2013 Tour De France race, over 24,000 miles of cycling were logged by the 215 Challenge participants.

About Kickstarter

Kickstarter, www.kickstarter.com, is a funding platform for creative projects. Everything from films, games, and music to art, design, and technology. Kickstarter is full of ambitious, innovative, and imaginative projects that are brought to life through the direct support of others. Every project creator sets their project's funding goal and deadline. If people like the project, they can pledge money to make it happen. If the project succeeds in reaching its funding goal, all backers' credit cards are charged when time expires. If the project falls short, no one is charged. Funding on Kickstarter is all-or-nothing.

Notes to editors:

Research was carried out by Tribesports, surveying 1,388 members of its community on July 15-19

*Stats provided by Euromonitor International: http://euromonitorintl.wistia.com/medias/8tpx2qj77f

Sample pledges:

$10 SUPPORTER'S CHOICE

Exclusive, one-of-a-kind Tribe-founder exercise towel, keeping you dry and workout ready! Thank you - Your name added to the roll of honor 'Team sheet' on tribesports.com NOTE: Pledges No. 2 through No. 10 also include the one-of-a-kind Tribe-founder exercise towel and your name added to the roll of honor 'Team sheet' on tribesports.com.

$25 EARLY BIRD SAVER: OWN YOUR MARKS

Your choice of an ultra-lightweight Performance Long-Sleeve or Short-Sleeve tech tee in the color of your choice from the very first production run.

$100 EARLY BIRD SAVER: FULLY LOADED

4 pieces: 2 ultra-lightweight Performance Tech Tees, 1 Long Sleeve and 1 Short Sleeve, in the color(s) of your choice plus a pair of breathable, ventilated Performance 5" Shorts (for guys) or stretch and support Performance Capris Tights (for girls) AND a super soft, Performance Half-Zip Top from the very first production run.

$5000 STRIKE A 'TRIBE' POSE

Become a feature face of Tribesports - A photo shoot day with our professional photographer, on location - we'll make you look epic, and feature you on Tribesports promotional material, putting your shots in front of 1 million+ people. You will take away all the professional images from the day in a limited edition photobook from the shoot along with all the clothes that you're photographed in before they ship to the general public.

$7,250 TRIBE VISION

A seat at our design table the next time we're working on new designs for release - you can choose the product that you want to help with and provide input into the technical development and styling of the piece, seeing it right through to production. We'll name the product after you and your name will be included on the product label "designed by you" for the lifetime of that product. Be the very first person to own the product that you help design - you will be sent this product directly from the factory, off the very first production run. You will also receive a one-off framed sketch of design that you helped create, named after you, signed by the designer.

To view the photos and videos associated with this Press Release, please visit the following links:

http://www.youtube.com/watch?v=Ex_w1sh7AnI&feature=youtu.be

http://www.marketwire.com/library/20130806-Tee800.jpg

http://www.marketwire.com/library/20130807-890633800A.jpg

http://www.marketwire.com/library/20130807-890633800B.jpg

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