LAS VEGAS, Jan. 22, 2013 (GLOBE NEWSWIRE) -- Zippy Bags, Inc. (OTCBB:ZPPB), a specialty hybrid sporting goods bag manufacturing company, announced today that the Company's Management has projected to generate approximately $5 million in additional sales revenue from expected agreements that are currently under negotiations for the sales of their revolutionary products. Management believes this figure will approximately double to $10.4 million in revenues by the second quarter of 2014.
Revenues will be derived from the Company's breakthrough hybrid snowboard, bicycling and auto racing industry bags along with the additional products currently being developed by the Company.
"The Company is the first and only manufacturer to offer multi-functional products such as ours in the sporting goods industries. We are confident that we will meet or exceed our sales projections," said Janet Somsen, CEO of Zippy Bags, Inc. "Taking into consideration the unique designs of our products, explosive growth, partnerships and unmatched sales force, we believe that our estimates are totally obtainable."
Safe Harbor Disclaimer
This material includes forward-looking statements based on management's Current reasonable business expectations. In this document, the words "can," "anticipates," "believes" and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities Act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future.