Business
Sunset Island Group Provides Clarity On Expansion Plans
Sunset Island Group Provides Clarity On Expansion Plans.
About this update from Sunset Island Group, Inc.
[{"type":"text","content":"\n\n\n\nSunset Island Group Provides Clarity On Expansion Plans\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSunset Island Group Provides Clarity On Expansion Plans\nPR Newswire\nSAN CLEMENTE, Calif., Aug. 24, 2017\n\n\n\nSAN CLEMENTE, Calif., Aug. 24, 2017 /PRNewswire/ -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced specifics today concerning the company's plans for expansion.\n\nCEO T.J. Magallanes stated, \"We received a lot of feedback yesterday on the 8K that we filed and most of the comments were due to a misunderstanding or misinterpretation of the information provided.  I felt it necessary to share with you today specific, detailed information that's from the heart.  Our company is poised for explosive growth.  We are passionate about what we do and we are proud of our accomplishments to date.  Our team has worked hard to get us to this point.  We now have three options. 1. Continue to operate within the confines of our current 22K square feet.  2.  Expand to an already pre-determined minimum of 152K square feet, or 3. Swing for the fences and expand quickly in phases to a total of 750,000K square feet.  For us, option number one is off the table.  It would be unfair to our operations team and unfair to our shareholders.  Option number two is already in the works.  Option number three is still on the table, so we need you to understand something clearly.  We have a great plan of execution.  It is laid out and ready to implement step by step and we would ask that shareholders trust us to execute our plan.  The misconceptions today seemed to come mostly from how we presented the plan for the S-1 so let me lay that out for you step by step.\"\n\nMr. Magallanes went on to say, \"Today at opening of business, our company has approximately 4,031,771 share outstanding.  At close of business today, our company will have approximately 4,431,771 shares outstanding or an increase of 400,000 shares.  In exchange, at close of business today, the company will have placed into our hands $340...