Highlights
- Nick Gonzales and Kevin Mack sought $80,000 for 20% of their Neo Mag Light business, valuing it at $400,000.
- The Sharks were concerned about legal liability and safety issues, leading to no deal.
- The product, marketed as Black Magic Tattoo Removal, has mixed reviews and is no longer available as of August 2021.
Overview
| Category | Details |
|---|---|
| Name | Neo Mag Light (Black Magic Tattoo Removal) |
| Founders | Nick Gonzales and Kevin Mack |
| Industry | Beauty & Personal Care, Tattoo Removal |
| Product | At-home tattoo removal device |
| Funding Sought | $80,000 |
| Investment Ask | $80,000 |
| Equity Offered | 20% |
| Valuation | $400,000 |
Neo Mag Light inventors Nick Gonzales and Kevin Mack pitch their hand-held, home tattoo removal device to the Sharks in episode 420. The device is patent pending and is billed as an inexpensive solution to expensive, laser tattoo removal. Nick designed the product to help people who need to remove a tattoo, but don’t have thousands of dollars for laser removal. They are currently selling the product as Black Magic Tattoo Removal. The original inspiration came from helping ex-convicts with amateur prison tattoos; often unable to be hired due to the presence of gang tattoos. Gonsales gave them an inexpensive solution with the Neo Mag Light / Black Magic Tattoo Removal system. The device operates like a much more expensive halogen and laser systems, but only costs $249.00 and it comes with a 1 year, money back guarantee. Over a period of weeks, treatments supposedly fade tattoos.
Neo Mag Light/Black Magic Tattoo Removal Shark Tank Recap
Nick and Kevin came into the Shark Tank asking for $80k and a 20% share in the business. Even though the entrepreneurs claim the product is safe, the specter of lawsuits arises from the waters of the Shark Tank. If there’s one thing “Sharkier” than the Sharks, it’s products liability trial lawyers!
Barbara doesn’t think it’s safe; she’s out. Mark thinks partnering with Nick and Kevin will make him an easy target for lawsuits; he’s out. Robert echoes Mark’s concerns about lawsuits and he goes out too. Kevin likes the business, but sees the same legal risks as the other Sharks; he’s out. Daymond has concerns about the product’s safety and legal liability issues, he’s out too.
NO DEAL
Neo Mag Light/Black Magic Tattoo Removal After Shark Tank Update
In the end, the concerns over the Neo Mag Light tattoo removal system’s safety proved too strong for the Sharks to invest. Gonzales and Mack forged ahead, however, and the company’s website is still up, with sales apparently strong enough to justify a web presence. Reviews on the product’s effectiveness are mixed. Many customers complain about blistering and burning, and some deny the product had any effect on their ink. Others praise the invention as a miraculous innovation that removed their tattoos in a matter of weeks.
The Sharks may have been right to exercise caution, since no at-home use product for tattoo removal has been approved by the FDA. Whether the system is effective or not is something each individual customer must discover for themselves. This may be a case of “buyer beware.”
In August, 2021, the products are no longer available on Amazon and everything on the company website is “sold out.” Social media is dark too. It appears this business is on its way out.
Posts about Neo Mag Light/Black Magic Tattoo Removal on Shark Tank Blog
Company Information
Here is an update for our Customers and fans. Our best design was not allowed on the show by our attorney. Our patent was not filed at the time of taping. We were only allowed to show an old design. That design used older halogen flash bulbs and was complicated to use. We should have waited and went on the show with the New design that is easier to use, re chargeable, low power and a lot more effective. tattooremovalthatworks.com is our new site. You can get the new design there. All of the bad reviews on Amazon were for the old design.
Thanks to all of our customers and fans