What Is Body Jac?
Body Jac is a piece of fitness equipment that helps users do push-ups by providing multiple resistance bands that can be added or removed based on individual strength needs.
Additionally, you could modify it so that it targets different muscle groups. The gadget comes with a repetition counter, displaying the calories burned during workouts. A workout chart and CD are also included with Body Jac.
|Company Name||Body Jac|
|Product||Easy Pushup Device|
|Investment Asking For||$180,000 for 20% equity in Body Jac|
|Final Deal||$180,000 for 50% equity in Body Jac|
|Shark||Barbara Corcoran and Kevin Harrington|
|Episode||Season 1 Episode 5|
|Business Status||In Business|
Who Is The Founder Of Body Jac?
Jack Barringer is the founder of Body Jac, also known as Cactus Jack, a nickname his father gave him. His company One-Shot had already sold over 10 million cleaning tablets, which made him a lifetime entrepreneur, peddler, and infomercial star.
Moreover, he also owns several other patents for inventions he has made. Jack continues to serve as Cactus Jack’s Marketing CEO, founded in 1975. Jack founded Body Jac partly because he was 30 pounds overweight. His doctor told him to lose weight and exercise by performing push-ups.
Anybody familiar with the weight loss process would see that it entails more than that. Jack had difficulty performing one because of pain in his joints. In addition, he was spurred on by his bodybuilder daughter, who designed a device to help him in his efforts.
Jack could not bring his product to market personally after burning through a major chunk of his earned millions from prior inventions. So he started looking for investors to assist him. Additionally, he was sure that having an investor steering the ship would limit his temptations.
Body Jac Before Shark Tank
Often referred to as Cactus Jack, Jack Barringer has been an individual entrepreneur in Iowa for a long time. In his 65 years, he has not held a job since his innovative and creative thinking has always been enough to support him.
He has spent years creating goods and successfully bringing them to market. Cactus Jack is also not limited to a single product category. His innovations include everything from cleaning items to fishing equipment to sewing machines.
He had accumulated millions of dollars and dealt with adversity when his products were unpopular. However, the Body Jac is his latest creation, and he fully believes in it.
The Body Jac made workouts more comfortable while maintaining the same slimming effect. A fairly heavy older man, Barringer designed this fitness equipment to make it easier for him to perform push-ups without putting too much strain on his back and shoulders.
Some fitness professionals believe pushups are the best exercise, but they can be extremely painful for the wrists and other joints. As a result, Barringer built a gadget to alleviate some of that uncomfortable pressure.
Body Jac helps users maintain proper form when performing the perfect pushup. Barringer states that upon testing the device, he discovered three 8-minute workouts each week could boost the body’s strength while also toning the parts of the body, such as the arms, the back, the chest, and several others.
Cactus Jack is convinced that Body Jac will succeed in the market, but he desires investors because of his previous financial ups and downs. He subsequently decides to look for a partner on ABC’s Shark Tank.
How Was The Shark Tank Pitch Of Body Jac?
Cactus Jack appeared on Shark Tank requesting an investment of $180,000 in exchange for a 20 percent stake in Body Jac.
Final Deal: Kevin Harrington And Barbara Corcoran agreed to invest $180,000 for 50% equity in Body Jac.
What Happened To Body Jac After Shark Tank?
Cactus Jack kept his promise once he reached an agreement with Barringer, Harrington, and Corcoran and lost 30 pounds to prove that the product was effective.
Unfortunately, there was little success following the deal’s conclusion. Body Jac had a website (http://buybodyjac.net/) that was closed in 2012.
Barbara Corcoran has revealed that investing in this company was the worst business decision she has ever made in public interviews, but she left it. No further explanation as to why the company went wrong has been provided. There is no other information except that Cactus Jack’s recap was removed from ABC’s website.
Body Jac Shark Tank Update
Body Jac went out of business for good, and the product has not been made or marketed since 2015. In August 2020, the Body Jac Facebook page featured an advertisement offering the domain name for sale.
It is said that Jack defrauded his investors in the business enterprise. Despite this, it turned out to be just another product on the long list of infomercial fitness fads that you would use twice, store in your garage where it would gather dust for 10 years, and then dispose of when you moved houses.
Body Jac went out of business and doesn’t exist as of 2022.
Is Body Jac Still In Business?
Jack met the deadline by shedding thirty pounds to close the agreement with Corcoran and Harrington. Kevin brought Cactus Jack to a major infomercial trade show and launched Body Jac to success in the shark tank update episode 113.
In 2012, things between Jack and the Sharks did not go as planned. Barbara Corcoran has publicly stated that this was one of the worst deals she has ever made.
The Body Jac website was down, and the product itself was ineffective. Barbara attempted to continue working in some way until 2013 but could not do so. Due to the break with the sharks, Jack remained in business until 2015, when Body Jac was put up for sale. As of 2022, Body Jac has been out of business.
What Is the Net Worth Of Body Jac?
The valuation of Body Jac was $900,000 when it appeared on Shark Tank. The net worth of Body Jac is unknown as of 2022 since the company went out of business.