Today in afternoon trading, Pacific Sands announces net sales of $352,806 for the fiscal quarter ended September 30, 2008, an increase of more than 96% compared to fiscal first quarter 2008. The company also reported that it completed the expansion of its in-house manufacturing capabilities, which eliminates the need to outsource to contract manufacturers and will result in lower manufacturing costs.
Michael Wynhoff, president of the company, stated, “We are very encouraged with the increasing market enthusiasm for the Natural Choices(TM) ‘home safe’ cleaning and laundry products, as well as our ‘low chem’ ecoone(R) pool and spa water management systems. Direct consumer response is growing, and we have numerous retailers, distributors and marketing companies in the pipeline interested in selling our products as private label brands.”
He added, “We are very enthusiastic about the increased sales and the prospect of improved gross margins resulting from our manufacturing investment. It will take two, possibly three quarters to fully realize these economies of scale as we implement a full range of manufacturing process control and procedures to maximize the efficiency of our new capabilities. We also have great flexibility to manufacture, fill and label the growing number of private label and brand extension products being sold through national retailers.”
According to Wynhoff, the current economy has had little effect on sales because people continue to need cleaning products and have maintained their commitment to choosing environmentally friendly alternatives. Pacific Sands remains optimistic and very enthusiastic about their prospects and currently has numerous potential 100,000+ unit projects in the works.
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