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Pacific Sands Announces Record 3rd Quarter -- Sales up 61% Fueled by First Partial Quarter With Combined 'Natural Choices' Sales
Results Mark 15th Consecutive Quarter of Same Quarter Growth for Emerging Environmental Products Consumables Company
| Quelle: Pacific Sands, Inc.
RACINE, WI--(Marketwire - May 16, 2008) - Pacific Sands, Inc. (OTCBB : PFSD ), a cutting
edge Environmental Products development, production and marketing company,
announced today that it has filed its third quarter 10QSB reflecting its
15th consecutive quarter of same quarter sales growth.
Results for the three months ending March 31, 2008 compared to the three
months ending March 31, 2007.
For the three months ending March 31, 2008 net sales were $243,242, an
increase of 61% over net sales of $151,486 for the same period in 2007. The
increase in sales is (partially) attributable to the additional sales
recorded as a result of the (Feb 9, 2008) acquisition of Natural Choices
(Home Products LLC).
Cost of Goods Sold was $73,079 or 30% of net sales compared to $69,074 or
46% for the same period the previous fiscal year. The significant decrease
is due in part to difference in gross margins between the existing Pacific
Sands products and the Natural Choices products. In addition there were
some costing adjustments as a result of new less costly packaging designs.
For the three months ending March 31, 2008, selling and general
administrative expenses were $251,319 compared to $202,318 for the three
months ending March 31, 2007. The overall increase in selling and general
administrative is due in part to an increase in compensation expense for
the addition of the former officers of Natural Choices and one additional
employee who began employment during the second quarter of fiscal 2008.
Other selling, general and administrative have also increased as a result
of the volume increase.
Interest expense for the three months ended March 31, 2008 was $8,992 as
compared to $13,118 for the same period in fiscal 2007. The decrease is
attributed to the reduction of five capital lease obligations for which the
Company makes monthly payments thus reducing the principal owed. Other
income of $5,000 relates to the reversal of a liability that had been
accrued as a note due to a former officer of the Company.
Net loss for the three months ended March 31, 2008 was $85,148 or $0.002
per share compared to a net loss of $132,853 or $0.004 per share for the
same period in fiscal 2007.
(for the complete filing please visit
http://www.sec.gov/Archives/edgar/data/1069799/000109690608000967/
pacsan10qsb033108.htm)
About Pacific Sands, Inc.:
Pacific Sands, Inc. is a rapidly growing company that develops,
manufactures, markets, and sells a range of unique, nontoxic, earth, health
and child-friendly products for cleaning, pet care and pool / spa / water
maintenance applications.
Pacific Sands markets and sells its product lines directly over the
Internet at www.ecoone.biz, www.ecoonespa.com, and through retail and
distribution outlets in the United States, Canada, Europe and Japan. The
company's ecoone and Natural Choices products are also available under
numerous custom brands throughout the world.
The company is headquartered in Racine, Wisconsin. More information is
available at www.pacificsands.biz.
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.