Contact Information: IR Contact: JT Ploch 608-577-6482 website: www.pacificsands.biz
Pacific Sands, Inc. Receives Local Funding
| Source: Pacific Sands, Inc.
RACINE, WI -- (MARKET WIRE) -- January 3, 2007 -- Pacific Sands, Inc. (OTCBB : PFSD ) -- The board
of directors of Pacific Sands is pleased to announce that the company has
negotiated a funding package with a group of local, qualified, individual
investors.
The group of individuals purchased a total of 1,250,000 restricted, rule
144 treasury shares from the company during December of 2006 for a total
investment of $125,000. Additionally, the investors have been issued two
sets of options to purchase additional restricted shares from the company.
The first options, callable on Feb. 1, 2007, are for 625,000 restricted,
rule 144 treasury shares at 10 cents per share. The second set of options,
callable June 15, 2007, are for 625,000 restricted, rule 144 treasury
shares at 15 cents per share.
In June of 2004, as part of the management transition arrangement, Pacific
Sands recovered and placed in treasury 7,559,187 shares of stock from
previous management and insiders at a cost basis of approximately 2 cents
per share.
"We're very pleased to have our funding come from local sources," said
Pacific Sands President and CEO Michael Wynhoff. "These are real investors
who made their investment decisions based on a careful examination of the
company, its operations, products and growth rate."
Management believes that the company currently has sufficient funding
commitments in place to continue its planned growth for 2007. The company
has achieved sustained quarter over same quarter revenue growth for the
past 8 consecutive reported quarters.
About Pacific Sands:
Pacific Sands develops, manufactures and markets environmentally safe,
nontoxic water treatment and cleaning solutions.
Safe Harbor Act Disclaimer
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.