Larry Malone was a youth sports coach for over 22 years and was the President of the Golden Eagle Youth Athletic Association in Austin Texas. He served on the Executive Board of the Texas Youth Football Association and the Youth Athletic Council. He was inducted into the Sports Foundation Hall of Honor in 2000 for his many years of dedication to youth sports

After several years of trying to find a product to solve the phenominal problem of shoe laces coming untied. He invented a product that is safe, easy to put on, looks good and is inexpensive.

He receved his patent on Lace Wraps in January 2000.