SIGO DIVI NEWS> Sunset Island Group, Inc. Annou
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Posted On: 08/22/2017 8:58:00 AM
SIGO DIVI NEWS>
Sunset Island Group, Inc. Announces Shareholder Dividend for August
SAN CLEMENTE, CA / ACCESSWIRE / August 22, 2017 / SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company will issue a monthly dividend of .001 per share based on the projected revenue performance for the month of August 2017. Each monthly dividend going forward will be based on actual monthly revenue performance.
CEO, T.J. Magallanes, stated, "We shared this recently in an 8K, but let me make it clear to our shareholders, our goal is to become one of the largest cannabis cultivation entities in the state of California with the ultimate objective of becoming an acquisition target. An attractive acquisition target is obviously one that generates impressive revenues with reasonable operating costs, but we also believe that an attractive acquisition target is one where the established culture and integrity of the business is heads and shoulders above the competition."
Mr. Magallanes went on to say, "A business of integrity is one that looks out for all parties involved. For example, (1) We are growing our business without the use of any convertible debt. (2) Within days, we will have approximately 4M shares left outstanding as we convert shares held by officers from common share status to preferred. (3) None of the officers of the company take a salary. Officers are compensated via the monthly dividend the same as all other shareholders. (4) All shareholders will continue to receive a monthly dividend on an ongoing monthly basis. (5) We have implemented strict protocols which have allowed us to receive the highest cannabis certification available to cannabis growers. These policies and procedures will also allow for efficient scalability as we expand the business. (6) The first phase of expansion is expected to move us to a minimum of 152K square feet with the possibility of additional square footage being negotiated. These are just a few of the examples of how we're building a business of integrity that our employees, business partners and shareholders can be proud of for years to come."
CFO, Valerie Baugher, stated, "The dividend will be paid out to all shareholders of record on September 15, 2017 with an expected payment date of September 25, 2017. Each shareholder of record will receive either a check from the company or a cash payment will be deposited directly into a shareholders investment account by their broker. More specifics will be provided on that same day in an 8K. As always, we thank you for your support."
Sunset Island Group, Inc. Announces Shareholder Dividend for August
SAN CLEMENTE, CA / ACCESSWIRE / August 22, 2017 / SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company will issue a monthly dividend of .001 per share based on the projected revenue performance for the month of August 2017. Each monthly dividend going forward will be based on actual monthly revenue performance.
CEO, T.J. Magallanes, stated, "We shared this recently in an 8K, but let me make it clear to our shareholders, our goal is to become one of the largest cannabis cultivation entities in the state of California with the ultimate objective of becoming an acquisition target. An attractive acquisition target is obviously one that generates impressive revenues with reasonable operating costs, but we also believe that an attractive acquisition target is one where the established culture and integrity of the business is heads and shoulders above the competition."
Mr. Magallanes went on to say, "A business of integrity is one that looks out for all parties involved. For example, (1) We are growing our business without the use of any convertible debt. (2) Within days, we will have approximately 4M shares left outstanding as we convert shares held by officers from common share status to preferred. (3) None of the officers of the company take a salary. Officers are compensated via the monthly dividend the same as all other shareholders. (4) All shareholders will continue to receive a monthly dividend on an ongoing monthly basis. (5) We have implemented strict protocols which have allowed us to receive the highest cannabis certification available to cannabis growers. These policies and procedures will also allow for efficient scalability as we expand the business. (6) The first phase of expansion is expected to move us to a minimum of 152K square feet with the possibility of additional square footage being negotiated. These are just a few of the examples of how we're building a business of integrity that our employees, business partners and shareholders can be proud of for years to come."
CFO, Valerie Baugher, stated, "The dividend will be paid out to all shareholders of record on September 15, 2017 with an expected payment date of September 25, 2017. Each shareholder of record will receive either a check from the company or a cash payment will be deposited directly into a shareholders investment account by their broker. More specifics will be provided on that same day in an 8K. As always, we thank you for your support."
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