Sunset Island Group, Inc.
Announces Shareholder Dividend for August
San Clemente, CA -- August 22, 2017 -- InvestorsHub NewsWire
-- SUNSET ISLAND GROUP, INC. (OTCQB:
SIGO) announced today that the company will issue a monthly
dividend of .001 per share based on the projected revenue
performance for the month of August 2017. Each monthly dividend
going forward will be based on actual monthly revenue
performance.
CEO T.J. Magallanes stated, "We shared this recently in an 8K,
but let me make it clear to our shareholders; our goal is to become
one of the largest cannabis cultivation entities in the state of
California with the ultimate objective of becoming an acquisition
target. An attractive acquisition target is obviously one that
generates impressive revenues with reasonable operating costs, but
we also believe that an attractive acquisition target is one where
the established culture and integrity of the business is heads and
shoulders above the competition.
Mr. Magallanes went on to say, A business of integrity is one
that looks out for all parties involved. For example, (1) We are
growing our business without the use of any convertible debt. (2)
Within days, we will have approximately 4M shares left outstanding
as we convert shares held by officers from common share status to
preferred. (3) None of the officers of the company take a salary.
Officers are compensated via the monthly dividend the same as all
other shareholders. (4) All shareholders will continue to receive a
monthly dividend on an ongoing monthly basis. (5) We have
implemented strict protocols which have allowed us to receive the
highest cannabis certification available to cannabis growers. These
policies and procedures will also allow for efficient scalability
as we expand the business. (6) The first phase of expansion is
expected to move us to a minimum of 152K square feet with the
possibility of additional square footage being negotiated. These
are just a few of the examples of how were building a business of
integrity that our employees, business partners and shareholders
can be proud of for years to come.
CFO Valerie Baugher stated, "The dividend will be paid out to
all shareholders of record on September 15, 2017 with an expected
payment date of September 25, 2017. Each shareholder of record will
receive either a check from the company or a cash payment will be
deposited directly into a shareholders investment account by their
broker. More specifics will be provided on that same day in an 8K.
As always, we thank you for your support."
Notice Regarding Forward-Looking Statements in this press
release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. These forward-looking statements are made
as of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.