Pacific Sands (QB) (USOTC FSD)
Intraday Stock Chart
Today : Tuesday 3 April 2012
Pacific Sands, Inc. (OTCQB: PFSD) (PINKSHEETS: PFSD) ( www.pacificsands.biz ), which manufactures environmentally friendly, non-toxic liquid and powder cleaning, laundry, and water treatment products, announced it has completed its move to a new 32,000 square foot leased office, manufacturing, and laboratory facility in a well-located and modern building in Kenosha, WI. As part of a $250,000 capital improvement plan, the company has received funding from the Kenosha Area Business Alliance (KABA), an organization committed to the area's economic development since the early 1980s. To accommodate increased demand for its products and to provide faster manufacturing turnaround and drive reduced unit costs and result in favorable trends in cost of goods sold, Pacific Sands has leased and purchased new high-speed manufacturing equipment.
"We anticipate our investments in creating a popular and diverse array of products, building our sales force, and expanding our manufacturing and product development to keep pace with increased demand will build on the double-digit revenue year-over-year growth we have demonstrated," said Michael Michie, President and CEO. "Expanding our capacity and accelerating our sales outreach capabilities moves us closer to our goal of the being the leading manufacturer of environmentally friendly cleaning and water treatment products."
Entering the summer pool and spa season, the company enjoyed strong and positive reception at key trade shows, said Peggy Stover, Vice President of Marketing and Sales. Pacific Sands recently attended the Atlantic City Pool & Spa show, which had strong customer turnout, and the Florida Pool & Spa show, where the company met with numerous dealers and signed a new sales representative agency to cover Florida. The company also recently signed sales agencies to represent its pool and spa products in the mid-Atlantic coast states, the Northeast U.S., and five southwestern states. In early 2011, Pacific Sands retained a manufacturer's representative firm to cover 11 western states.
Stover noted demand for Pacific Sands' private label laundry and household cleaning products continues to increase, and is rolling out its 2012 catalogue supported by advertising in Private Label magazine. "Our focus on building strong brand awareness for our products has contributed to greater visibility for the company and a meaningful increase in leads and inquiries," explained Stover. "In addition, many current customers have steadily increased orders, encouraged by growing end-user demand for green solutions."
Michie concluded: "Even with the move to the new facility, which resulted in reduced revenue for more than two weeks in January, we anticipate revenue for the quarter ended March 31, 2012 will be similar to that of the prior year, and revenue for the nine months of fiscal 2012 will be significantly higher than the $1.04 million generated in the nine months of fiscal 2011. We anticipate that greater efficiency from new equipment and processes will have a very positive impact on our operating costs. That, combined with significant debt reduction during the past year, will support our goal of generating growing earnings in the quarters to come."
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 was named a "Top 50 product for 2008" by Pool and Spa News. 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.
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