SNWT recently announced revenue guidance for 2010 of between $6 Million and $8 Million!
Hitting even the lower range of that forecast means SNWT is expecting to TRIPLE Revenues in 2010.
Wait, the news gets even better!
SNWT has also announced that it has obtained $10,000,000 in equity financing from an institutional investor.
Frank Drechsler, CEO of SNWT, summed up the impact of this financing on the company as follows:
"This significant financing arrangement gives San West and its subsidiaries access to growth capital, enabling us to accelerate our growth strategy and implement additional marketing initiatives to take full advantage of the increasing demand for personal motorsports vehicles, parts, services and accessories,"
A strong 2010 revenue forecast plus $10 MILLION in new financing makes SNWT a company worth watching in my opinion!
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SNWT just announced revenue guidance for 2010 of between $6 Million and $8 Million!
Hitting even the lower range of that forecast means SNWT is expecting to TRIPLE Revenues in 2010.
Wait, the news gets even better!
SNWT has also announced it has obtained $10,000,000 in equity financing from an institutional investor.
Frank Drechsler, CEO of SNWT, summed up the impact of this financing on the company as follows:
"This significant financing arrangement gives San West and its subsidiaries access to growth capital, enabling us to accelerate our growth strategy and implement additional marketing initiatives to take full advantage of the increasing demand for personal motorsports vehicles, parts, services and accessories,"
A strong 2010 revenue forecast plus $10 MILLION in new financing makes SNWT a company worth watching in my opinion!
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SNWT: When a penny stock is trading sideways coming off a recent downtrend and is oversold, it could be a BIG win for traders. I love retracment plays.
Right now SNWT shares are oversold at around .11 and could shoot much higher if resistance is broken at .13. The last time the Wm%R was oversold like this, SNWT ran from .06 to .21.
After .13 we could see .155 and even .21 challenged for a nice DOUBLE or more!
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SNWT: Some of SNWT's accomplishments stated within the press release include:
The keyword marketing overhaul campaign has rapidly transformed www.CountyImports.com into the leading online off-road vehicle (ORV) dealer with regard to “natural” or “organic” web-traffic
Over the past year, [CountyImports.com] are now experiencing record web traffic as advertising spending declines to near all-time lows
The Company expects to achieve of objective of a 50% reduction in the coming months The website already attracts more than 60,000 visitors per month, a figure that we expect to grow to approximately 135,000 over the near-term as we continue to optimize our website and our marketing strategies.”
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These guys are rocking San West and CountyImports.com Announce 23% Sales Increase for Motorized Scooters
Market Wire "US Press Releases " SAN DIEGO, CA -- (MARKET WIRE) -- 03/11/10 -- San West Inc. (OTCBB: SNWT) an emerging leader in the design, manufacturing, sales and repair of off-road buggies, announced today that motorized scooter sales generated by its partner website, www.CountyImports.com, have increased approximately 23% for the first two months of 2010 compared to the same period last year.
Management expects this segment of its business to continue to grow substantially as the Spring/Summer ORV season progresses. The Company also announced that the average sale price for scooters sold by www.CountyImports.com is up 24.5% compared to 2009 figures as consumers select higher-end scooters and those with additional features.
"Warmer Spring weather and an improving economy appears to be driving increased sales of our off road vehicles, most notably motorized scooters," commented Jesse Gonzalez, president of CountyImports.com. "Not only are scooter sales growing considerably on a unit basis, but customers are spending more on each vehicle, part and accessory than ever before. This trend provides us with increasing optimism about what the Spring/Summer season holds. It's also a strong indicator that consumers have finally recovered from the recent economic downturn and are ready to enjoy hobbies and outdoor activities."
Mr. Gonzalez added, "Due the perfect storm of positive trends currently impacting our business, we expect to log our largest historical sales increase for motorized scooters over the next 30 days. ORV season is shifting into high gear and we are receiving extremely positive initial feedback for our new product releases, which we plan to announce in the coming weeks. In addition, continued improvements to our website are making it more attractive and easier for consumers to find. By attracting a larger flow of highly-targeted web traffic, we've been able to increase the average order size considerably and expect this trend to continue as both off-road season and our web development campaign progress."
Frank Drechsler, President and CEO of San West Inc., added, "The overarching trend towards increased consumer spending on ORVs and related goods is driving scooter sales to record levels. We plan to continue to leverage our position as the No. 2 online ORV dealer in order to capitalize on market growth and aggressively target new opportunities that hold the potential to boost sales and help our business gain
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SNWT is part of a $31.5 Billion industry according to The Motor Industry Council.
So if SNWT continues to execute according to plan (and they've been doing a bang-up job so far), SNWT could become a name to be reckoned with—after all, the off road vehicle market is a wide open space with lots of room for a smart player like SNWT to grow in.
Trade Alert!
Volatility is part of SNWT's trading history, and in the past when it gets hot....it gets really hot!
SNWT should be watched closely—it could pay off big if it shoots up from its current level.
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