Published:
San West Releases 4th Quarter Expectations and Announcement of Forward Stock Split Approval in Letter to the Shareholders
San West Inc. (OTCBB: SNWT), a Company that
designs, manufactures, sells and repairs off-road vehicles, apparel and
accessories, releases a Letter from the President and CEO of San West Inc.,
Frank Drechsler, to the shareholders today addressing concerns regarding
the Forward Stock Split and announcing Finra's approval. The letter also
discusses Buggy World's 4th Quarter expectations and includes an update
regarding the County Imports alliance, which was announced last month.
To The Attention of San West Shareholders,
This past week has been one loaded with confusion and miscommunications and
we apologize for that. Although there is plenty of blame to go around, none
of it belongs on the shoulders of our shareholders. We have received
numerous shareholder calls and emails and are grateful for your concern. We
are also very happy to put an end to all of this and give another small
glimpse into San West's future.
We are happy to announce Finra has just informed that our 5 for 1 forward
split is set to take place the opening of business tomorrow, 11/03/2009. To
clear up any and all misinformation, anyone owning shares in our company by
the close of business today, 11/02/2009, will be eligible for the
additional shares.
On a brighter note, Q4, the busy season for Buggy World and most retail
companies, has started off with a bang and is shaping up to be the best
quarter in Buggy World's history. Thanksgiving begins the prime retail
season for the off-road industry, which typically ends Memorial Day
weekend, and pre-season sales are the highest they have ever been,
suggesting a very strong season.
Sales for our new partnership with www.CountyImports.com have also started
coming in. We will begin releasing our Internet sales figures to the public
on a monthly basis beginning in November.
If you have further questions or concerns regarding San West's forward
stock split, they would be best addressed by your stockbroker or financial
advisor.
Best Regards,
Frank Drechsler
CEO/President
San West Inc.
About San West Inc.:
San West designs, manufactures, sells and repairs off-road buggies, and
additionally provides aftermarket performance products and accessories for
off-road buggies. Products are sold via three divisions: at retail store
locations, via the online store and through its growing dealer network.
Buggy repair services are sold and fulfilled at the Santee, California
retail location.
For further information about San West Inc. visit www.CountyImports.com,
www.BuggyWorld.net and www.SanWestInc.com.
Certain statements contained herein are "forward-looking" statements (as
defined -- Private Securities Litigation Reform Act of 1995). SNWT cautions
that the statements made in this press release constitute forward-looking
statements and no guarantees of future performance and actual results or
developments may differ materially from projections in forward-looking
statements. Forward-looking statements are based on estimates and opinions
of management at the time the statements are made.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily News
Tags: ,Automotive:Otherpassengervehicles, Automotive:Parts and Accessories, LifestyleandLeisure:Recreation, LifestyleandLeisure:ToysandHobbies, Sports:EquipmentandAccessories, ,OTCBULLB,OTCBULLB,CA,SAN DIEGO, CA