RACINE, WI--(Marketwire - March 30, 2011) - Pacific Sands, Inc. (
For the three months ending March 31, 2011, Pacific Sands expects net sales to exceed $420,000, an increase of 60% over net sales of $262,742 for the three months ended March 31, 2010.
"This is clearly a record for any quarter for Pacific Sands, Inc. and underscores the validity of our strategy of focusing on the strength of our Natural Choices private label business," explained Michael Michie, CEO. "Our revenues for the nine months ended March 31, 2011 will exceed $1,030,000 and will be less than $100,000 from the total sales recorded for our entire fiscal year ended June 30, 2010. As we enter our seasonally strong fiscal fourth quarter, we also anticipate increasing orders for our environmentally friendly pool and spa treatment products, which have higher gross margins than our private label household products."
"On the financial front, the company has made substantial progress this fiscal year in reducing its total debt and dramatically improving its working capital position. With several million dollars in operating losses available to shelter future income from taxes and less than 60,000,000 shares outstanding we believe that our stock is trading at a 3 year high as investors begin to recognize the operational leverage our new facility provides for the company."
About The Company
Pacific Sands, Inc. (www.pacificsands.biz) (
The company's ecoone® Spa Treatment system was named a "Top 50 product for 2008" by Pool and Spa News and it's Natural Choices, 'OXY-Boost' was recently added to the shelves of over 150 Roundy's grocery stores. Pacific Sands environmentally friendly products for cleaning, laundry and pool and spa care are available at www.EcoGeeks.com.
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements, since these forward-looking statements involve risks and uncertainties that could significantly and adversely impact the company's business. Therefore, actual outcomes and results may differ materially from those made in forward-looking statements.
Contact Information:
Contact:
Michael Wynhoff
President
262-619-3261