Postal Vault
Industry Overview
The secure mailbox industry is a new market that was developed to capitalize on Americans' heightened need for protection from identity theft. The marketplace has been lacking new innovations such as secure mailboxes until recently when several entries have been made into the marketplace. Currently there is no brand recognition for any of the mailboxes sold. This creates a perfect opportunity for a brand to emerge. There are more than 60 million curbside mailboxes in America and 99% of them are unlocked, according to the USPS. This is a huge market that is unexposed to the idea of a locked mailbox and with the rise in identity theft it could possibly be in much demand. Identity theft is the fastest growing white-collar crime in America and over 7 million people in 2003 were victims of identity theft. As awareness of identity theft increases and more and more people are affected, the industry for secure mailboxes will grow.
Company Profile
Postal Vault......
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