2016 should be a profitable year for $SAKL from wh

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Richard Surber, CEO of SAKL, commented, "Licensing five cities in Mainland China with a great operator like O2 Concepts is a major milestone for Sack Lunch Productions. Our international franchise agreements call for a cash fee upfront for each city, a percentage override of gross sales, and sharing a portion of sponsorship fees. While royalties, upfront fees, and sponsorship revenues vary depending on the territory, we have realized substantial revenues on a single highly successful two-day international franchised event. Our last projections showed that we expect franchisees to host at least 60 Slide the City events in 2016. The population base and density of many Asian cities is clearly a huge contributing factor to the success we have experienced in cities like Hong Kong, Tokyo, and Kuala Lumpur."

Surber continued, "When you add a projected 156 corporate events across our four brands and an additional 40 projected Color Me Rad franchised events in 2016, the breadth and depth of SAKL's operations is impressive. It's important to note that Color Me Rad and The Dirty Dash are proven entities with several years of highly successful operating histories, while Slide the City and The Lantern Fest have just begun to tap into their potential with their first fiscal year of operations coming to a close. Our seasoned brands will provide predictable revenue, while our newer brands are presenting high growth opportunities. I can now say with confidence that all of our brands have a successful, proven track record and plenty of room to grow domestically and internationally."

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