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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sack Lunch Productions Inc (PK) | USOTC:SAKL | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0115 | 0.0056 | 0.0139 | 0.00 | 20:30:10 |
SAKL: 87 Events Open for Sale in April
Salt Lake City, UT -- April 11, 2016 -- InvestorsHub NewsWire -- Sack Lunch Productions, Inc. (OTC: SAKL), is excited to announce that 87 events will open for sale across North America by April 30, up from only 20 in February. Sales are now underway across all brands including: Color Me Rad, Slide the City The Dirty Dash, The Lantern Fest and Trike Riot.
Richard Surber, CEO of SAKL, commented, Second quarter is off to a great start with nearly a third of all events projected to be held in 2016 open for sale this month. Based upon our current trajectory, SAKL anticipates that it will have sufficient cash flow to fully satisfy, in cash, the initial draw of $1.8M on our $5M equity line of credit. Furthermore, we intend to redeem $425,000 in Series C Preferred shares that were issued for advisory services related to the line of credit. We expect to have completed the buy back before the close of 2016. On or before April 13, SAKL will have paid $550,000 towards the equity line of credit.
A list of all corporate and franchised events that are or will be open for sale in North America this month is included in this release. The list does not include franchised events outside of North America. Surber continued, I am especially looking forward to discussing some of our larger franchised Slide the City event markets in China, Japan, and Malaysia. Our events in these and other international markets have proven to generate significant consumer demand. With multiple successful franchise relationships already underway, were confident this area of our business will strengthen further in the months ahead, ultimately leading to improved shareholder value.
•Salt Lake City, UT •Eugene Quebec •Oklahoma City, OK •Virginia Beach •Mobile•Toronto • Lexington •New Port News •Boston •Calgary •Wilmington, DE •Jacksonville, FL •Philadelphia •Winnipeg •Montreal •Knoxville, TN •Columbus, OH •Providence •Santa Rosa, CA •Manchester, Canada •Fresno, CA •Spokane, WA •Pittsburgh •Scranton, PA •Hartford, CN •Wichita •Albany •Surrey, Canada• Lancaster, CA •Saskatoon •Buffalo, NY •Detroit •Billings
•Reno, NV •Dallas •Baltimore• Las Vegas •St. George, UT •Cincinnati •West Orange, NJ •Tallahassee •Bend •Quad Cities •New Haven •Jacksonville •Salt Lake City •Bismarck, ND •Greensboro •Tampa •Rexburg •Richmond •Tucson/OroValley •Pensacola •Tulsa •Morgantown •Phoenix •Ft. Lauderdale •Columbia, SC •Spartanburg, SC •Vestavia Hills •Atlanta
•Cincinnati, OH •Salt Lake City •Boise Tucson, AZ •Colorado Springs, CO •Fayetteville, NC •Spokane, WA• Denver •Pittsburg •Omaha •Cincinnati at KY Speedway •Wichita •Anchorage
•Reno, NV •Utah (Fall) •Utah (Spring) •Missoula •Boise, ID •Albuquerque •South Sound, WA •Colorado Springs, CO •Spokane, WA •Oregon
Please visit our websites to participate in the next event in your area: www.slidethecity.com, www.thelanternfest.com, www.thedirtydash.com, and www.colormerad.com.
About Sack Lunch Productions, Inc.:
Sack Lunch Productions, Inc. (OTC: 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), and The Lantern Fest (nighttime party with lantern lighting and launch). Learn more about SAKL's operations at www.sacklunchproductions.com, www.slidethecity.com, www.thelanternfest.com, www.thedirtydash.com, www.colormerad.com, and www.green-endeavors.com.
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 risks and uncertainties. Investors should not invest more than they can afford to lose.
IR CONTACT:
Bruce Haase
RedChip Companies, Inc.
800.733.2447, ext. 131
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