SALT LAKE CITY, UT--(Marketwired - Jun 19, 2015) - Sack Lunch Productions, Inc. (OTC PINK: SAKL) reports that it has signed an agreement to cancel 190,486 shares of Series C Preferred Stock, which had a stated conversion value of $952,430. The block of shares is one of the larger blocks of Series C Preferred Stock.
Richard Surber, CEO of SAKL, commented, "We continue to make progress on efforts to improve the capital structure of SAKL. The redemption of these shares is a major win for existing shareholders. Looking forward a month, SAKL expects to have great news nearly every week. We have made tremendous strides operationally and in our rebranding efforts. The fruit of these efforts are in sight."
About Sack Lunch Productions, Inc.:
Sack Lunch Productions, Inc. (OTC PINK: SAKL) is an entertainment company with operations that include: event management, film production, and distribution services. SAKL's wholly owned subsidiary WG Productions Company holds a majority interest in Slide the City, LLC and The Lantern Fest, LLC. SAKL also holds a majority interest in Green Endeavors, Inc. (OTC PINK: GRNE). Learn more about SAKL's operations at www.sacklunchproductions.com, www.slidethecity.com, www.thelanternfest.com, and www.green-endeavors.com. Investors should not invest more than they can afford to lose in penny stocks.