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SD1527

04/22/10 3:35 PM

#7530 RE: booooyah #7510

But, weren't their Q4 sales of $500,000 some of the best in company history? San West also expects sales of that magnitude during Q1 2010 -typically the weakest period of the year for the company.

The Spring/Summer season should lead to higher revenues than what was generated during both Q4 & Q1. A few more steady quarters of revenue and annual losses in the sub $1M range should be manageable in my opinion and profit margins look pretty healthy. Obviously, dilution is always a concern with emerging BB stocks, but, all in all, I though the 10K was promising in many ways.