San West, Inc.
Symbol: SNWT
Current Price: $1.08
Snapshot - "SNWT is involved in the designing, manufacturing, selling and repairing of off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies. SNWT products are sold through retail store locations and online as well through a growing dealer network. The corporate public entity just switched their name and symbol to SNWT and San West. SNWT is now ready to set in motion their marketing campaign. SNWT is in an impressive uptrend with volume uptrending since early September as well!"
SNWT announced, effective Monday, September 28th that HBSY is now SNWT through a reverse merger and renamed San West, Inc.
SNWT has two store locations through San West, one in San Marcos, CA (off-road buggies sales and accessories) and the other in Santee, CA (off-road buggies sales, service, parts and accessories).
The CEO of San West has stated, "The next 12 months holds a lot of exciting things for us as a company and we are pleased to now have the ability to bring these things to fruition."
SNWT owns Buggy World, a wholly owned subsidiary of San West, Inc. Buggy World has multiple locations in north and east San Diego as well as Orange County. The acquisition is expected to add over $1.6 million to top line revenues. Buggy World's unaudited consolidated 2007 revenue was over $1.6 million. Profit margins were approximately 30% for Buggy World in 2007.
SNWT inherited an immediate install base of over 100 product lines and 5 exclusive distributor agreements throughout Southern California from which to channel their sales growth.
San West is on their way to establishing themselves as a significant player with the recreational 'off-road' market.
SNWT also owns Letz Go Racing Off-Road Center, a company that develops aftermarket, high performance accessories for off-road all-terrain vehicles such as Go Karts. Letz Go Racing specializes in customization and innovation.
SNWT is generating a ton of interest especially with its huge uptrend in both terms of price and volume during September!
SNWT has traded up 11 of the past 12 trading days!
Check out SNWT's Website at www.sanwestinc.com and their wholly owned subsidiary's site (Buggy World) at www.buggyworld.net.
We will be discussing SNWT within our Stock Hub and this Stock Newsletter!
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