FOR: SAN WEST, INC.
San West Announces Major Services Contract & Revamped Strategic Plan APR 20, 2012 - 11:41 ET
Management Implements Plan to Diversify Revenue Base and Improve Shareholder Value
SAN DIEGO, CA--(Marketwire - April 20, 2012) - San West, Inc. (
As part of its ongoing corporate re-alignment, San West has recently secured a substantial services contract with a growing e-commerce power-sports company. Under the terms of the agreement, the company will outsource its order fulfillment operations, inbound customer support, and accounting to San West in return for a monthly fee as well as a variable, per unit payment for each shipped item.
"It's a brand new day for San West Inc. and I'm excited to announce that after an exhaustive, top-to-bottom evaluation of our business, we've enacted a plan that we believe will be instrumental in fostering long-term growth and shareholder value; also we will be launching a new corporate website to reflect the new changes," commented San West Inc. CEO Frank Drechsler.
"Our new motorsports based, administrative and fulfillment services contract highlights the beginning of a major overhaul at San West, whereby we drastically broaden our horizons and explore any and all opportunities that hold the potential to help significantly boost profitability, and the performance of our corporate stock."
Mr. Drechsler concluded: "Going forward, we will continue to act aggressively to enhance our position as a leading provider of contract service for retailers of recreational vehicles both in the lucrative SoCal marketplace and online, but no other opportunity, no matter how eclectic and unique, is off the table. I anticipate more material announcements to follow this communication and look forward to updating the public as significant developments regarding our new, more diversified path transpire."
About San West, Inc.
San West is an emerging leader in the motorsports based, administrative and fulfillment industry. The Company's has emerged as the established home for all facets of the ORV industry, including off-road buggies, scooters, ATVs and parts. San West's retail store location in Southern California specializes in the sales of on road scooter. For further information about San West, Inc. visit www.SanWestInc.com.
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