SALT LAKE CITY, March 13, 2018 (GLOBE NEWSWIRE) — Sack Lunch Productions, Inc. (OTC PINK:SAKL), reports total estimated sales of $1.2M across all licensed and franchised events in North America year to date. As a result of SAKL’s event subsidiaries licensing all of its events for the North American markets, only licensing fees will be booked as revenues which are based upon a share of the licensee’s profits. Sales year to date are unaudited sales reported by our licensee. Certain expenses paid by the licenses on behalf of SAKL or its subsidiaries will also be booked as revenues.
Pursuant to the terms of the various licensing agreements each event company has the right to redeem all licenses two years from the signing date of the various agreements. The licensing arrangement has allowed the various companies to cut expenses substantially, as well as allow SAKL to focus on its fundraising efforts via its recently qualified Regulation A+ offering document.
To invest in our Series E Preferred shares under the offering, see Invest in Sack Lunch.
About Sack Lunch Productions, Inc.:
Sack Lunch Productions, Inc. (OTC PINK:SAKL) is an entertainment company that operates and franchises action oriented events in the U.S. and internationally. SAKL’s events include: Slide the City® (1,000 foot long water slide for families and kids), Color Me Rad® (5k color race), The Dirty Dash® (mud and obstacle run), The Lantern Fest® (nighttime party with lantern lighting and launch) and Trike Riot. Learn more about SAKL’s operations at www.sacklunchproductions.com, www.slidethecity.com, www.thelanternfest.com, www.thedirtydash.com, www.colormerad.com, www.trikeriot.com and www.green-endeavors.com.
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.