Pacific Sands, Inc. Obtains Additional Funding
(firmenpresse) - KENOSHA, WI -- (Marketwired) -- 04/01/16 -- Pacific Sands, Inc. (OTCQB: PFSD) () -- This week Pacific Sands, Inc. received additional funding for working capital from another shareholder. This loan is in the form of purchase order financing for material used to produce a key, high demand product for ecommerce sales and for Pool and Spa dealer distribution.
This funding, along with cash flow from recent operations, will allow the company to ship all remaining items in the open order backlog from March 31, 2016. That backlog exceeded $100,000.
This week the company reached an agreement with an individual shareholder to repurchase 2,756,900 shares of the company''s outstanding common stock.
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.
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Datum: 01.04.2016 - 14:01 Uhr
Sprache: Deutsch
News-ID 1425485
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Specialty Chemicals
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