SOURCE: San West

November 02, 2009 13:25 ET

San West Releases 4th Quarter Expectations and Announcement of Forward Stock Split Approval in Letter to the Shareholders

SAN DIEGO, CA--(Marketwire - November 2, 2009) - San West Inc. (OTCBB: SNWT), a Company that designs, manufactures, sells and repairs off-road vehicles, apparel and accessories, releases a Letter from the President and CEO of San West Inc., Frank Drechsler, to the shareholders today addressing concerns regarding the Forward Stock Split and announcing Finra's approval. The letter also discusses Buggy World's 4th Quarter expectations and includes an update regarding the County Imports alliance, which was announced last month.

To The Attention of San West Shareholders,

This past week has been one loaded with confusion and miscommunications and we apologize for that. Although there is plenty of blame to go around, none of it belongs on the shoulders of our shareholders. We have received numerous shareholder calls and emails and are grateful for your concern. We are also very happy to put an end to all of this and give another small glimpse into San West's future.

We are happy to announce Finra has just informed that our 5 for 1 forward split is set to take place the opening of business tomorrow, 11/03/2009. To clear up any and all misinformation, anyone owning shares in our company by the close of business today, 11/02/2009, will be eligible for the additional shares.

On a brighter note, Q4, the busy season for Buggy World and most retail companies, has started off with a bang and is shaping up to be the best quarter in Buggy World's history. Thanksgiving begins the prime retail season for the off-road industry, which typically ends Memorial Day weekend, and pre-season sales are the highest they have ever been, suggesting a very strong season.

Sales for our new partnership with www.CountyImports.com have also started coming in. We will begin releasing our Internet sales figures to the public on a monthly basis beginning in November.

If you have further questions or concerns regarding San West's forward stock split, they would be best addressed by your stockbroker or financial advisor.

Best Regards,

Frank Drechsler
CEO/President
San West Inc.

About San West Inc.:

San West designs, manufactures, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies. Products are sold via three divisions: at retail store locations, via the online store and through its growing dealer network. Buggy repair services are sold and fulfilled at the Santee, California retail location.

For further information about San West Inc. visit www.CountyImports.com, www.BuggyWorld.net and www.SanWestInc.com.

Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). SNWT cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time the statements are made.

Contact Information

  • Contact:
    San West Inc.
    Corporate Communication
    (858) 246-6822