AppSwarm Inc (SWRM)

[califax]

Outlook Q1/2010

For the first quarter ended March 31, 2010, management expects revenue of at least $480,000, compared to revenue of $179,000 for the first quarter last year. This estimate is based on:

•Total un-audited Internet sales for its partner website www.CountyImports.com have surpassed $393,000 for the first three months of 2010. These transactions are not associated with goods sold at any Buggy World brick & mortar locations or affiliate shops. This represents a 33.5% increase compared to total, un-audited online sales for the corresponding period of 2009 and is essentially flat on a year-over-year basis compared to the $402,000 for the first quarter of 2009, which represented the highest quarterly online sales in the Company's more than five year existence. Average online orders grew nearly 21% from $1,141 per transaction over the comparative period to nearly $1,700 per order over the first three months of 2010.

•Internet sales increased sequentially for each month of 2010 thus far, indicating acceleration due to the more highly-targeted web traffic being driven to www.CountyImports.com through more innovative online advertising.

Mr. Drechsler concluded, "San West and CountyImports.com management continue to be excited about the future. As we move into the seasonally slower first quarter, we are in the strongest position in our company's history. We have diversified our product offerings to begin to mitigate the seasonal slowness in our scooter business. Like many retailers, we did not experience the large holiday season bump we had anticipated, but our weekly and monthly sales levels continue to increase from our online properties. We believe 2010 will be a record year for San West."

http://www.marketwire.com/press-release/San-West-Inc-Reports-Fourth-Quarter-and-Full-Year-2009-Results-1148919.htm