CEO of SAKL, Richard Surber, explained the acquisition, "SAKL was able to position itself in such a fashion that we were able to acquire these well known and successfully branded events for what I believe will prove to be a bargain. The bottom line is that Springbok appears to have fallen into a cash flow problem that they could not solve without our help. We will infuse up to $250,000 this week to help relieve some of Springbok's short term cash flow needs. Over the next 30 to 60 days we expect to raise up to an additional $1,800,000 in mezzanine capital. The capital will satisfy the cash needs of Springbok, set the stage for a stellar 2016 event season for all of our brands, and will allow SAKL at a minimum to regain fully reporting status with the Securities and Exchange Commission."
Mr. Surber continued, "I also anticipate the launch of our co-branding efforts to occur within the next month. As an example, Sack Lunch Productions' events collectively have an email database of participants that exceeds three million. Moving forward, each email that goes out to our participants will have SAKL's logo and trading symbol as a footer. The purpose of the branding is to inform the public that SAKL is the parent company to Slide the City, The Lantern Fest, Color Me Rad, and The Dirty Dash. The email co-branding is one of many steps that will take place over the next 12 months to get SAKL the exposure needed as a publicly traded company."
Please visit our websites to find the next event in your area: www.slidethecity.com, www.thelanternfest.com, www.thedirtydash.com, and www.colormerad.com.
Mr. Surber continued, "I also anticipate the launch of our co-branding efforts to occur within the next month. As an example, Sack Lunch Productions' events collectively have an email database of participants that exceeds three million. Moving forward, each email that goes out to our participants will have SAKL's logo and trading symbol as a footer. The purpose of the branding is to inform the public that SAKL is the parent company to Slide the City, The Lantern Fest, Color Me Rad, and The Dirty Dash. The email co-branding is one of many steps that will take place over the next 12 months to get SAKL the exposure needed as a publicly traded company."
Please visit our websites to find the next event in your area: www.slidethecity.com, www.thelanternfest.com, www.thedirtydash.com, and www.colormerad.com.
