This is a copy paste from his FACEBOOK page. I am not allowed to post/reply on his page...
Hello All out there in the world of facebook and kitesurfing:
I am just now coming up for some air from all the work. Currently there are 70+ boards nearly ready for shipment and following 35 boards.
Thereafter Carafino will be caught up on all board deliveries due.
...I know that sounds funny as guys are waiting for foils. Those are ready also, for me I have been doing all of this solo for too long.
So with the combination of burning out, having to wear many hats with many people, asking myself if I really want to be doing this, I have had to take care of myself a bit more.
With that said, Carafino is in negotiation with 2 big brand names and looks that we will hand off our baby to the mass production boys for the kite surf market. The foil will not have a life time warranty and I will be sending out the invoices for all those out who have purchased in the lifetime warranty period, to sign so that we have your lifetime warranties locked in.
What is on the immediate horizon for the boards is the 2015 model. It will be very similar in design as the ASV hydrofoil boards. The boards will be featured in Tuttle box and also diamond plate Carafino attachment.
We are bringing another set of wings to the market in about 5 weeks. They will be larger and similar in the sword design but with a bit of Carafino added modification. 5 year warranty on the new blade sets.
We will also have a new T bar coming out that will have some small changes. All the new blades will be compatible with the Carafino t bars. All customers with signed invoices will receive the new blades and 50% discount to keep them up on the development without pinching the pocket.
Currently I am on the island of Bali finalizing the board production and then back to the foil factory. From there to the Golden State of California and Europe.
More to follow.............
C A R A F I N O
The use of the word invoice is confusing. To me it says you are paying for something. And here it sounds like you are paying for the warranty which I thought came as part of the deal. I could be reading it wrong.
If he is passing the company off, is the new company going to handle warranties from the 2 4 1 boards? Or will there be a remnant company to handle those?
There's lots of speculation on his intentions. Whatever they were, it's clear he got in over his head trying to be a one man show. It would be tough for anyone to do alone. The chances of wild success were already thinned with over promising, under delivering, unrealistic timelines, and many other reasons. If he does make a deal with a bigger company, I think that is what he should have done in the first place. He could have licensed out his brand, maybe kept a stake in R and D, been the promotional face of the product, and while maybe keeping a smaller profit share, still might have a strong market share. Now it's tough to say what the brand will be worth to any company at this point.