KENOSHA, WI--(Marketwired - Dec 16, 2013) - Pacific Sands, Inc. (
The company expects fiscal first half 2014 net sales to well exceed $1 million, and increase more than 20% compared with fiscal first half 2013 sales of $863,995. Fiscal second quarter 2014 sales are expected to increase 40% compared last year's fiscal second quarter.
Michael Michie, President and CEO, commented: "We have experienced steady growth in demand for our branded ecoone® pool and spa treatment products. During the first half of our fiscal year, we have gained meaningful traction in our private label Natural Choices offerings, growing volume with current customers and ramping up production for new customers. Consumer demand for environmentally friendly cleaning and personal care products continues to increase.
"With expanded and scalable manufacturing capabilities and the ability to efficiently develop products formulated to retailers' specific requirements, we are well positioned to accommodate growing volume."
Michie noted the company has reduced debt by 11% during the past two quarters, reflecting long term balance sheet restructuring initiatives. He added the company's strengthened working capital position has addressed past issues related to meeting growing demand, and has enabled Pacific Sands to reduced raw material costs through volume purchasing economies.
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.