Business
SAKL Reports System-Wide Sales in July of $1.615M
SAKL Reports System-Wide Sales in July of $1.615M.
About this update from Sack Lunch Productions, Inc.
[{"type":"text","content":"\n \n \n SAKL Reports System-Wide Sales in July of $1.615M\n \n \nSAKL Reports System-Wide Sales in July of $1.615M\n \n SALT LAKE CITY, UT--(Marketwired - Aug 4, 2016) - Sack Lunch Productions, Inc. (OTC PINK: SAKL), reports total sales of $1,354,741 across all corporate and franchised events in North America for the month of July. Ticket sales for all North American corporate and franchised events were $1,032,547 and $322,194, respectively. The lion's share of ticket sales for July were generated by corporately run Slide the City® and The Lantern Fest® events. Our Green Endeavors, Inc. (OTC PINK: GRNE) entities contributed $260,595 in realized revenues. GRNE's revenues were up from last year at its Landis Lifestyle Salons locations.\n Richard Surber, CEO of SAKL, commented, \"During the month of July we held 39 events directly or through franchisees including: 31 Slide the City®, 1 Lantern Fest®, 3 Dirty Dash® and 4 Color Me Rad®. Shareholders can expect to see a spike in realized revenues for Q3 based upon the number of events being held including a spike in franchise fees collected.\"\n Surber, continued, \"Some additional bright spots in this report are a high proportion of corporate ticket sales versus franchisee ticket sales as well as ticket sales for The Lantern Fest trending up. The last 4 days in July The Lantern Fest sold over $100,000 in tickets, the result of opening events for the fall.\"\n 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. $89,011 in franchisee fees were collected for the month of July and $50,401 in sponsorship revenues were collected in July. Franchisee fees, sponsorship fees, international ticket sales and franchise fees are not included in the $1.615M system-wide sales number for purposes of this press release.\n 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.\n About Sack Lunch Productions, Inc.:\n Sack Lunch...