February 7th, 2012
Posted on 12. Feb, 2010 by PublicWire in Uncategorized
2/12 (SNWT.BB) Annouces $351K In Online Sales
San West Inc. (OTCBB: SNWT), an emerging leader in the design, manufacturing, sales and repair of off-road buggies, today announced unaudited online sales of approximately $351,000 since the inception of its partnership with online retailer CountyImports.com on 7/15/09.
This figure includes the $175,000 in online sales announced on 12/23/09 and does not reflect any transactions logged in 2010. It also does not include brick & mortar sales at the Buggy World retail center, which are on track to meet or exceed management’s previous 2010 revenue guidance of between $6,000,000 and $8,000,000.
Preliminary year-to-date 2010 sales data exhibits growth of nearly 35% over CountyImports.com record 2008, in which the business generated more than $3,200,000.
Final sales data for this period will be reported in San West Inc.’s Spring sales update, which will encompass online revenues generated between January and April 2010. Management anticipates this figure to amount to approximately $450,000.
Strategic Update on CountyImports.com:
Since its inception — approximately 43 months ago — the e-commerce platform has logged unaudited revenues of approximately $6,733,687 on sales of 8,960 units. This equates to an average sales transaction of approximately $751.53. CountyImports.com is also a very efficient sales/marketing machine, with every advertising $0.75 attracting $10 in sales.
“We hold our partnership with CountyImports.com in the highest regard and it has exceeded our quite lofty original expectations by every conceivable metric since its inception during the Summer of 2009. San West continues to experience substantial growth in online sales and we are very excited about what the Spring and Summer seasons hold for our business as participation in off-road recreational sports ramps up,” commented Frank Drechsler, San West Inc. Chief Executive Officer.
About San West Inc.
San West designs, manufactures, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies. Products are sold via three divisions: at retail store locations, via the online store and through its growing dealer network. Buggy repair services are sold and fulfilled at the Santee, California retail location. For further information about San West Inc. visit www.CountyImports.com, www.CountyImportparts.com, www.BuggyWorld.net and www.SanWestInc.com.