Anyone who has read this blog for any length of time knows that we like to highlight spas and hot tubs in the news. Jerry and I keep our ears to the ground, reading press releases, hot tub blogs, forums and online groups. Here’s a collection of our favorite stories this year, we’ve stumbled onto online. Enjoy.
Best of Class Awards
Las Vegas, NV, USA (PRWEB) Just released this morning, is a press release announcing the Best of Class awards for pool and spa builders and manufacturers. I’ve ranted before about the large numbers of awards that are given to various spa manufacturers or spa models. Most of them aren’t real, but instead give top awards to the spa maker that pays the most, or buys the most advertising. So, when you see that this model or that brand of spa has received a Major Award – take it with a grain of salt.
Bookkeeper Sentenced to 3 Years
TOMS RIVER, NJ (nj.com) – Gina Harle, 57, of Loveladies, Long Beach Island, was sentenced today to a three year State prison term on one count of third degree theft and a five year term on one count of second degree computer theft. The court also ordered restitution in the amount of $52,946.09 payable to Hotsprings Spas of N.J LTD. Ms. Harle was found guilty of inappropriately using the Hot Springs Spa credit card, to pay her own credit card bills, and even paid $26,000 on her Volvo automobile with Hot Springs monies. Keep an eye on the accounting office staff!
Jacuzzi Brands Restructures
CHINO HILLS, Calif.–(Businesswire)–Jacuzzi Brands LLC, announced today the closing of a recapitalization transaction that significantly raises liquidity, materially reduces outstanding indebtedness and extends the maturity dates of its loans out to 2018 and beyond. The transaction will position Jacuzzi to capitalize on opportunities from the recovery of the housing industry and the overall economy. They essentially restructured away $124 million in debt. Great move for Jacuzzi.
Hot Tub Cinema Next Big Thing?
(Hackneycitizen.co.uk) – For £30 a head you should know what you’re letting yourself in for. Sitting in a tub watching classic films is definitely fun, but to pay so much and then to have to buy the themed cocktails and food on top of that seems like a splash in the face. And if there are not six of your friends in the tub then more likely than not you’ll be grazing the leg of a total stranger, and the more you accidentally do it, the weirder the looks you get. Funny article about the popular new London rage, rooftop hot tub cinema, spreading to New Zealand and Australia I hear, maybe near you?
Jacuzzi Acquires Dimension One Spas
(PoolandSpanews.com) This is the second acquisition of another hot tub company by the Chino Hills, Calif.-based firm in less than eight months. In June 2012, Jacuzzi brought ThermoSpas Hot Tub Products into its fold. As part of the deal, the business now will be called New Dimension One Spas and will continue to operate as a separate unit from Jacuzzi with most existing operation remaining at the current site in Vista, Calif. Jacuzzi has a lot of cash on the table. I wish them much luck in their ventures.
Balboa sued under the Sherman Antitrust Act
(Salon.com) A lawsuit filed by a Californian manufacturer of hot tub electronic control systems claiming that another California company — the apparent Microsoft of the hot tub world — was restricting competition via aggressive litigation. The bulk of the complaint accuses Balboa of violating the Sherman Antitrust Act by using a monopoly (defined by Newport as 75 % of the market for hot tub electronic controls) power to crush Newport’s attempt to get a share of the market. Balboa – the Microsoft of the Spa and Hot Tub world?
‘Hot Tub Time Machine’ Sequel Could Happen
(Huffpost.com) “Hot Tub Time Machine,” the cult 2010 comedy that starred John Cusack, Rob Corddry, Clark Duke, Craig Robinson, Chevy Chase, Lizzy Caplan and Jessica Pare may be doing a sequel.
This might be the best hot tub news of the year – or maybe not. But, however you feel about the movie, or the concept – it looks like talks are underway between MGM and some of the original cast, to reprise roles for a sequel, or prequel, or something to do with time traveling with a hot tub.
Stolen Jacuzzi Recovered, Thief In Hot Water
(khq.com) A spa on a trailer is stolen and recovered within hours. Jeff Hickethier called Crime Check to report that a hot tub had been stolen from his premises (without water). The spa was on trailer display with a For Sale sign; proceeds benefiting the Deer Park High School archery club.
“One of the deputies was just driving by and saw someone unloading a hot tub off a trailer; had I not turned that report in, there’d be no way I’d be driving my trailer back to Deer Park,” Hickethier told KHQ on the scene.