SAKL's Slide the City Signs Five City Mainland China Deal
SALT LAKE CITY, UT -- December 17, 2015 -- InvestorsHub
NewsWire -- Sack Lunch Productions, Inc. (OTC
PINK: SAKL), announced that its subsidiary Slide the City
Franchise, LLC has signed a franchise agreement bringing Slide the
City to mainland China with O2 Concepts (Hong Kong) Company
Limited. The five-year agreement provides licenses to operate Slide
the City in the following cities: Shenzhen, Shanghai, Beijing,
Guangzhou, and Chengdou.
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."
Please visit our websites to find the next event in your area:
www.slidethecity.com, www.thelanternfest.com, www.thedirtydash.com,
and www.colormerad.com.
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), and The Lantern Fest (nighttime party
with lantern lighting and launch). Learn more about SAKL's
operations at www.sacklunchproductions.com, www.slidethecity.com,
www.thelanternfest.com, www.thedirtydash.com, www.colormerad.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. 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.
CONTACT INFORMATION
IR CONTACT:
Bruce Haase
RedChip Companies, Inc.
800.733.2447, ext. 131
bruce@redchip.com