SAKL's Slide the City Signs Five City Mainland China Deal
SALT LAKE CITY, UT--(Marketwired - Dec 17, 2015) - Sack Lunch Productions, Inc. (
O2 Concepts is the same franchisee that successfully hosted Slide the City at the Kai Tak Terminal in Kowloon, Hong Kong earlier this year, which included multinational sponsors such as Sony, Nestle, Hong Kong Airlines, Aape, Watson Waters, Blue Girl Imported Beers, and several other great partners. The Hong Kong Slide the City was a two-day event which was enjoyed by sold out crowds that exceeded 10,000 participants.
Richard Surber, CEO of SAKL, commented, "Licensing five cities in Mainland China with a great operator like O2 Concepts is a major milestone for Sack Lunch Productions. Our international franchise agreements call for a cash fee upfront for each city, a percentage override of gross sales, and sharing a portion of sponsorship fees. While royalties, upfront fees, and sponsorship revenues vary depending on the territory, we have realized substantial revenues on a single highly successful two-day international franchised event. Our last projections showed that we expect franchisees to host at least 60 Slide the City events in 2016. The population base and density of many Asian cities is clearly a huge contributing factor to the success we have experienced in cities like Hong Kong, Tokyo, and Kuala Lumpur."
Surber continued, "When you add a projected 156 corporate events across our four brands and an additional 40 projected Color Me Rad franchised events in 2016, the breadth and depth of SAKL's operations is impressive. It's important to note that Color Me Rad and The Dirty Dash are proven entities with several years of highly successful operating histories, while Slide the City and The Lantern Fest have just begun to tap into their potential with their first fiscal year of operations coming to a close. Our seasoned brands will provide predictable revenue, while our newer brands are presenting high growth opportunities. I can now say with confidence that all of our brands have a successful, proven track record and plenty of room to grow domestically and internationally."
About Sack Lunch Productions, Inc.:
Sack Lunch Productions, Inc. (
SAKL strongly encourages the public to read the above information in conjunction with its reports filed at www.otcmarkets.com. SAKL will require a significant influx of capital in order to effectively execute upon its various operational plans. The actual results that SAKL may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Investors should not invest more than they can afford to lose.
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