Pacific Sands, Inc. Reports Fiscal 2012 First Quarter Revenue Growth, Strong Pipeline of Orders Entering Fiscal Second Quarter
(firmenpresse) - RACINE, WI -- (Marketwire) -- 10/27/11 -- Pacific Sands, Inc. (OTCQB: PFSD) (PINKSHEETS: PFSD) (), which manufactures environmentally friendly, non-toxic liquid and powder cleaning, laundry, and water treatment products, announced today it anticipates sales for the fiscal 2012 first quarter ended September 30, 2011 will be $350,311 (unaudited), which would represent an 11.3% increase compared with sales of $314,779 in fiscal first quarter 2011.
Management anticipates sales in October, 2011 will exceed $210,000 -- nearly 75% of total sales in fiscal second quarter 2011 -- and that fiscal second quarter sales could exceed $400,000, which would be 36% higher than the prior year's fiscal second quarter. The company recently announced revenue for the year ended June 30, 2011 was 39% higher than the previous year. Pacific Sands has set a goal of $2 million revenue in fiscal 2012, which would represent 28% growth compared with fiscal 2011.
"Fiscal 2011 was a watershed year of significant revenue growth, transitioning to profitable operation, and sharply reducing debt while strengthening working capital," said Michael Michie, president and CEO. "With a strong pipeline of orders across all product lines, efficient manufacturing and distribution capabilities, and invigorated marketing, we are enthusiastic about the coming year.
"Fiscal 2012 is off to a fast start. Our branded Natural Choices products and ecoone pool and spa treatment products continue to receive a very positive reception, and we have steadily expanded our private-label business. Consumers are embracing effective, non-toxic products in growing numbers. We anticipate our operational and expense improvements and double-digit revenue growth will drive profits and significantly enhance shareholder value."
The company is attending the International Pool, Spa, and Patio Exposition in Las Vegas in early November, and expects to pre-sell ecoone branded products next week, building on last season's strong growth in pool and spa water treatments.
Pacific Sands' recent sale of its Internet and retail sales segment will result in nearly $100,000 profit in fiscal second quarter 2012 and enable the company to completely focus on its rapidly growing manufacturing and distribution business.
The company hired veteran Peggy Stover as vice president, marketing and sales, to lead brand development and sales.
In fiscal 2011, Pacific Sands reduced total liabilities 63%, which has resulted in a significant reduction of interest expense.
Turning a working capital deficit to a working capital surplus in fiscal 2011 has enabled the company to accelerate order fulfillment.
In addition to enhancing shareholder value through increasing profitability, a significant tax-loss carry forward should result in several years of no tax liability.
Pacific Sands, Inc. () is a rapidly growing company that develops, markets and sells unique non-toxic, earth-, health- and child-friendly products for cleaning, personal hygiene, and water maintenance applications. The company's ecoone® Spa Treatment system was named a "Top 50 product for 2008" by Pool and Spa News. Wal-Mart's Innovation Network awarded one of the company's products the highest "Success Likelihood Score" ever granted in the program's 22-year history.
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:
Michael Michie
President and CEO
262-619-3261
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Datum: 27.10.2011 - 20:06 Uhr
Sprache: Deutsch
News-ID 81254
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RACINE, WI
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Commodity Chemicals
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