SALT LAKE CITY, UT--(Marketwired - Sep 12, 2016) - Sack Lunch Productions, Inc. (
Richard Surber, CEO of SAKL, commented, "Our realized revenues for the month of August are expected to be substantially greater than ticket sales reported in this release. We successfully held over 33 events system-wide in August. We also are happy to report that The Lantern Fest® has added events that will be hosted all the way through December. The consequence of adding additional Lantern Fest events during this period of time will mean a significant improvement to cash flows during the final quarter of the year. What's even more exciting, it appears that the average attendance at The Lantern Fest® events is going to exceed projections by as much as 40% on average with correlating increase in revenues. Our entire team is very excited about the tremendous amount of success we are enjoying with this segment of our business."
Readers should note that ticket sales are not recorded as realized revenues until the event(s) are held. Ticket sales made in advance of the event are booked as deferred revenues, a liability on the balance sheet, until the events are held. Furthermore, franchisee's ticket sales are not booked as SAKL revenues, only the franchise fees paid to SAKL. Franchisee fees, sponsorship fees, international ticket sales, and franchise fees are not included in the $1,028,276 system-wide sales number for purposes of this press release.
Please visit our websites to find the next event in your area: www.slidethecity.com, www.thelanternfest.com, http://www.thedirtydash.com, www.trikeriot.com and www.colormerad.com.
About Sack Lunch Productions, Inc.:
Sack Lunch Productions, Inc. (
SAKL strongly encourages the public to read the above information in conjunction with its reports filed at www.otcmarkets.com. The actual results that SAKL may achieve could differ materially from any forward-looking statements due to a number of risks and uncertainties, including but not limited to adverse weather conditions, equipment failure, state and local health code laws which may impact obtaining permits and other risks associated with judgment calls made by various government officials. Investors should not invest more than they can afford to lose.
Contact Information:
IR CONTACT:
Bruce Haase
RedChip Companies, Inc.
800.733.2447, ext. 131
bruce@redchip.com