Sack Lunch Productions, Inc. (OTC
Pink: SAKL) Reports $1.615 Million in Sales for July, Forecasts
Spike in Q3 Revenue
Miami, FL--(InvestorsHub NewsWire August 4, 2016) -
EmergingGrowth.com, a leading independent small cap media portal
with an extensive history of providing unparalleled content for the
Emerging Growth markets and companies, reports on Sack Lunch
Productions, Inc.
(OTC Pink: SAKL) with reports of $1.615 million in sales for
July, and forecasts spike in Q3 revenue.
SAKL May not be at these levels much
longer
View the Reports & Releases on
SAKL on EmergingGrowth.com here:
http://emerginggrowth.com/?s=SAKL
Sack Lunch Productions, Inc. (OTC
Pink: SAKL), reportd total sales of $1,354,741 across all
corporate and franchised events in North America for the month of
July. Ticket sales for all North American corporate and franchised
events were $1,032,547 and $322,194, respectively. The lions share
of ticket sales for July were generated by corporately run Slide
the City and The Lantern Fest events.
Richard Surber, CEO of SAKL, commented, During the month of July
we held 39 events directly or through franchisees including: 31
Slide the City, 1 Lantern Fest, 3 Dirty Dash and 4 Color Me Rad.
Shareholders can expect to see a spike in realized revenues for Q3
based upon the number of events being held including a spike in
franchise fees collected.
Surber, continued, Some additional bright spots in this report
are a high proportion of corporate ticket sales versus franchisee
ticket sales as well as ticket sales for The Lantern Fest trending
up. The last 4 days in July The Lantern Fest sold over $100,000 in
tickets, the result of opening events for the fall.
The Bollinger Bands are tightening. This historically
reveals a breakout in the stock. Historically we have seen
50% and greater gains following the tightening of the bands.
It looks like we are there again.
The companys modest $12.1 million market capitalization
according to OTC markets implies a price-sales multiple of just
1.3x, which is significantly lower than the industrys 2.0-2.4x
average, according to Morningstar data. If the companys shares were
to trade with a 2.0x ratio, it would translate to a $21.4 million
market capitalization thats nearly double its current valuation and
that would be on the low end of the industry average range.
Over the coming quarters, the company also plans to complete an
audit and become more fully compliant with regulators. These moves
could open the door to a potential up-listing and encourage more
institutional investors to become involved with the stock. In turn,
this could reduce the high level of volatility and potentially
bring shares closer to their fair value.
Sack Lunch Productions Inc. (OTC
Pink: SAKL)'s current event portfolio includes:
Slide the City A
1,000-foot vinyl slide thats placed in the center of a city to
create a fun and exciting block party event for the entire
family.
The
Lantern Fest An unforgettable nighttime party thats lit
up with thousands of lanterns lit by participants and released into
the sky.
Color Me Rad A 5K race
where participants are coated with liquids, powders, and gels of
blue, green, pink, purple, and yellow until theyre tie-dyed on
every side.
The Dirty Dash A mud run
obstacle course where a military boot camp meets an inner
five-year-old fantasy.
Trike Riot A race on Razor
tricycles that takes participants down city streets and through
obstacles to the finish line.
For more information, visit the companys website
at www.sacklunchproductions.com.
Overall, Sack Lunch Productions, Inc. (OTC
Pink: SAKL) stands in a formidable position within the active
entertainment industry. The Company continues to expand its
presence and brand across North America and reach the 2017 earnings
forecasts, and the company could easy see its market cap
jump into the mid-teen millions over the next year.
SAKL May not be at these levels much longer
View the Reports & Releases on SAKL on EmergingGrowth.com
here:
http://emerginggrowth.com/?s=SAKL
About Sack Lunch Productions, Inc.:
Sack Lunch Productions, Inc. (OTC
PINK: SAKL) is an entertainment company that operates and
franchises action oriented events in the U.S. and internationally.
SAKL's events include: Slide the City (1,000 foot long water slide
for families and kids), Color Me Rad (5k color race), The Dirty
Dash (mud and obstacle run), The Lantern Fest (nighttime party with
lantern lighting and launch) and Trike Riot. Learn more about
SAKL's operations at www.sacklunchproductions.com,
www.slidethecity.com, www.thelanternfest.com, www.thedirtydash.com, www.colormerad.com, www.trikeriot.com and www.green-endeavors.com.
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SAKL strongly encourages the public to read the above
information in conjunction with its reports filed at
www.otcmarkets.com. The actual results that SAKL may achieve could
differ materially from any forward-looking statements due to a
number of risks and uncertainties, including but not limited to
adverse weather conditions, equipment failure, state and local
health code laws which may impact obtaining permits and other risks
associated with judgment calls made by various government
officials. Investors should not invest more than they can afford to
lose.
IR CONTACT:
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RedChip Companies, Inc.
800.733.2447, ext. 131
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