Sunset Island Group To
Implement Monthly Dividend For Shareholders
San Clemente, CA -- August 07, 2017 -- InvestorsHub NewsWire
-- SUNSET ISLAND GROUP, INC. (OTCQB:
SIGO) announced today that the company will implement a monthly
dividend to be paid out on a consistent ongoing basis to
shareholders of record.
CEO T.J. Magallanes stated, "Let me first cover some details and
numbers of interest.
- We have a top notch team of professionals that are experts at
what they do. We currently have 15 employees that work as part of
our planting crew, our harvesting crew or our trimming crew. Please
note that additional employees will be added as needed as we expand
operations.
- Each Bay of our overall grow space is comprised of 2,000 square
feet. As we expand our operations, this will always remain a
constant for scalability and efficiency.
- Bays are set up on a rotational basis so that our company
harvests year round. Each bay can be harvested three times per
year. In order to ensure three quality harvests per year, we have
implemented the MAPAL Agro system. (For more information, see the
link below.)
- Most grow facilities plant directly into the ground or in pots.
From day one, our company chose to implement this state of the art
program to ensure cost savings, consistency and the best possible
return on investment.
- We are the only company in the state of California and one of
only two nationally utilizing the MAPAL program. This allows us to
reuse or recycle drainage water and nutrients and it cuts water
usage compared to our competitors by up to 70%.
- From August 1st through August 14th, the company is projected
to generate $158,000.00 in sales. This revenue is from the harvest
of approximately 3000 square feet of grow space. This is our first
harvest. The same square footage should generate approximately
$200,000.00 on an on-going basis as we become more efficient. This
number also parallels our projection of $200.00 per square foot on
an annual basis.
- For phase one of our expansion, we are committed to a minimum
of 66K square feet of grow space and a maximum of 230K square feet.
Negotiations are still in the works for the additional square
footage, but things are looking favorable at this point.
- Long term, as we build out our brand and gain customer trust
and loyalty, our business is scalable to whatever size is necessary
to meet demand.
Mr. Magallanes went on to say, We had requests that we share
more information about the company and our operations. We hope that
the information provided and the MAPAL Agro link help shareholders
to better understand the business, the revenue expectations and why
we feel our company is a great investment. Another reason why our
company is a fantastic opportunity for shareholders is the fact
that we have decided to implement a monthly dividend that will be
paid out to shareholders of record beginning August 2017. The
details will follow, but heres something else wed like to share
with you. Valerie and I do not take a salary from the company. The
monthly dividend will act as our compensation. If the company does
well, we do well and so will our shareholders. Putting the two of
us on a level playing field with shareholders is our way of showing
you how much we appreciate your support. If we benefit, you benefit
and vice versa.
CFO Valerie Baugher stated, "We want you to know as much as
possible about our company and how we operate, so well continue
from time to time to provide educational type information about the
business in our press releases. In addition, our website link is
listed below and we plan to update the site with more detailed
information soon. Ill be the one providing more information and
specific details on the monthly dividend payment and will do so
later this month. In addition to that, we still have one or two
more exciting pieces of news for you that well cover in the coming
weeks. As always, we thank you for your support."
https://www.sunsetislandgroup.com/
http://www.mapalagro.com/site/en/pages/homepage.asp
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.