SNWT - Today's News
NEWS: San West Announces Major Online Sales Increase for_January_and_February
SAN DIEGO, CA--(Marketwire - March 3, 2011) - San West Inc. (OTCBB: SNWT), an emerging leader in the off-road vehicle (ORV) industry, today announced that preliminary unaudited sales for its burgeoning e-commerce business increased by 40% during the first two months of 2011.
Preliminary unaudited online sales for January and February of 2011 reached approximately $242,000 or 135 units versus $168,000 and 103 units during the corresponding period of 2011. This represents overall sales growth of approximately 44% and unit sales growth of 32%. Moreover, the average per-unit sale for the period reached $1,795, representing a 10% increase over $1,633 during the first two months of 2010.
"2011 is shaping up to be a record year for San West, Inc., especially our fledgling online segment. Unaudited Internet sales logged thus far this year represent a very positive indicator of what's to come and I believe that the first quarter and more importantly this calendar year could likely end up being the best for our company and its leading value-added partner, www.CountyImports.com," commented San West, Inc. CEO Frank Drechsler.
Mr. Drechsler concluded: "Over the past 12 months, we've undertaken a massive effort to optimize our e-commerce business and I'm proud to state that these efforts continue to bear fruit as sales surge and online traffic remains at very favorable levels. I look forward to discussing future successes with the public as new developments transpire."
