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.

Sunset Island (CE) (USOTC:SIGO)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Sunset Island (CE) Charts.
Sunset Island (CE) (USOTC:SIGO)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Sunset Island (CE) Charts.