SALT LAKE CITY, UT--(Marketwired - Apr 11, 2016) - Sack Lunch Productions, Inc. (
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, we're 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 | ||
•Pittsburgh, PA | •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.
You may also wish to visit us at Investors Hangout: http://investorshangout.com/Sack-Lunch-Productions-Inc-SAKL-65047/
About Sack Lunch Productions, Inc.:
Sack Lunch Productions, Inc. (
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.
Contact Information:
IR CONTACT:
Bruce Haase
RedChip Companies, Inc.
800.733.2447, ext. 131
bruce@redchip.com