KENOSHA, WI--(Marketwired - Jul 3, 2013) - Pacific Sands, Inc. (
Michael Michie, President and CEO, commented: "We would have significantly exceeded our fourth quarter 2012 revenue. We had a short delay in receiving key raw ingredients needed to complete certain orders. However, we're beginning our new fiscal year with unshipped orders close to 30 percent of last year's fiscal first quarter sales."
Sales for the fiscal year ending June 30, 2013 are expected to nearly double compared with three years ago, reflecting increased product visibility and new business driven by strong investment in trade advertising and promotion, said Michie. The company believes that with a reduction of marketing costs for the next fiscal year, and even modest organic growth, that it will be able to generate an operating profit for the full year.
"Our fiscal 2013 sales reflected accelerating and balanced revenue contributions from both our private label cleaning and personal care products, and our branded ecoone® pool and spa water treatment products," noted Michie. "We continue to have very positive reception from key retailers and distributors for our non-toxic, environmentally friendly line of products. As we enter our new fiscal year, we're very encouraged with the company's greatly strengthened balance sheet, improved cash position and reduced debt. We have an excellent facility, a fined-tuned manufacturing process, increasing margins, and capacity to accommodate the same type of double-digit sales growth we've experienced during the past several years."
About The Company
Pacific Sands, Inc. (www.pacificsands.biz) 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 earned a third place finish in the "Best Green Product" category at the International Pool and Spa show held November 2012 in New Orleans. In 2011, the company was recognized by a Milwaukee-based business publication as the fastest growing public company in Wisconsin. 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.
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.
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President & CEO