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Wednesday, October 04, 2017 10:50:32 AM
Sack Lunch Productions Inc (OTC:SAKL) was up over 100% yesterday on acquisition news. Sack Lunch already puts
on color runs and lantern festivals around the country. Now, they will own Cool Events,
which itself has 5 successful events it has been running around the country. This move puts more events under
one umbrella and traders are liking what they see.
Cool Events currently operates 5 wildly successful brands including: Terrain Race, The Bubble Run, Black Light
Run, Foam Glow, and Black Light Slide. The brands owned by Cool Events hosted in excess of 120 events in 2016
and is on track to host 138 events in 2017. The Cool Event brands generated over $20M in gross revenues for
the year ended December 31, 2016. Cool Events is on track to generate north of $22M in revenues in 2017, with
projected EBITDA in excess of $2M. Cool Events is reporting gross assets in excess of $4M. The assets consist
primarily of cash, merchandise, and equipment.
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