Message #32 From:
NewsBot Date: October 2, 2006 06:00:00 AM
PFSD News Pacific Sands President and CEO Comments on Company's First Profitable Quarter
RACINE, Wis.--(BUSINESS WIRE)--Pacific Sands (NASDAQOTCBB: PFSD) president and CEO, Michael Wynhoff
comments on the company's first-ever profitable quarter:
The following are excerpts from the cover letter that is included in the
printed version of the company's recently filed 10-KSB. For the full
text of the letter, or to request a copy of the filing, please visit:
Fiscal year 2006 was one of validation on multiple fronts for Pacific
Sands, our management team and our shareholders. Through the combination
of careful management of our expense structure and a dedication to a
carefully crafted marketing and sales strategy, Pacific Sands, Inc.
achieved its first ever profitable quarter in the 4th
quarter of fiscal 2006.
Pacific Sands' ecoONE® products are now sold
or distributed by more than 200 retail outlets. Our products have also
been added to the portfolio of major pool and spa product distribution
centers. More importantly, we now have OEM manufacture and distribution
deals with two major U.S. Spa manufacturers. At the end of our previous
fiscal year, we estimated that between 50 and 70 new customers tried our
spa system every month. We now estimate that number to be nearing 1,700.
In addition to our expanding presence in the pool and spa chemical
market, we are making our initial inroads into the environment and
health-friendly household cleaning product market.
Environment and health-friendly, nontoxic products are at the leading
edge of rapid growth in the consumer marketplace. We have targeted three
key factors that are essential to our continuing and future growth and
our eventual emergence as a leader in that sector:
1) Respond swiftly to changing market dynamics and customer demands.
2) Supply new and innovative products to that market and its customers.
3) Communicate our product's message to that market.
In conclusion, we believe that our winning combination of responsible,
skilled management and staff, our aggressive marketing initiatives, our
unique product offerings and our demonstrated ability to turn those
products into profit, all combine to give Pacific Sands the edge we need
to become an emerging leader in the rapidly-expanding earth, health and
kid-friendly market.
Sincerely,
Michael L. Wynhoff
President / CEO
Pacific Sands, Inc.
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.