Orbit Drop Announces It Has Been Approved to Franchise Retail Ebay Drop off Stores in Michigan
03 Juni 2005 - 2:00PM
Business Wire
Orbit Drop, Inc. (Pink Sheets: OBDP) is proud to announce it is now
able to grant franchises in the state of Michigan. There are 14
states with federal franchising regulations that require Orbit Drop
to file the UFOC and Franchise Agreements. Cain McKnight, CEO of
Orbit Drop, Inc. stated, "We have filed the Offering Circular in
all 14 registration states. The approval and our expansion into
Michigan allow us to continue positioning ourselves as the leader
in this industry." Orbit Drop is still waiting on approval from 13
states but expects to be able to franchise in all 50 states within
the next two weeks. Orbit Drop launched its franchising program
late last week and has been contacting prospects as fast as
possible while still ensuring the ability to support each and every
one. "It is the first phase of a long journey," said Dain Turner,
Vice President of Franchising for Orbit Drop, Inc. "We are now
registered in Michigan and can commence speaking to potential
franchisees right away." Orbit Drop, Inc. is a principal eBay
drop-off service with existing stores in Dallas and Houston, Texas
and a store in Orange County, California currently being developed.
OrbitDrop makes selling on eBay (NASDAQ: EBAY) easy and convenient,
giving customers the ability to simply drop off their goods and
turn them into cash. For more information about Orbit Drop, Inc. go
to www.orbitdrop.com. Matters discussed in this press release are
"forward-looking" statements. Statements describing objectives or
goals or the Company's future plans are also forward-looking
statements and are subject to certain risks and uncertainties,
including the financial performance of the Company and market
valuations of its stock, which could cause actual results to differ
materially from those anticipated. The information provided on this
release should not be construed as an offer of a franchise. Offers
of franchises may only be made by delivery of a franchise offering
circular (prospectus), and in certain states the offering circular
must first have been registered with a state agency that regulates
the offers and sales of franchises. The franchise is presently not
being offered in the following states: California, Hawaii,
Illinois, Indiana, Maryland, Minnesota, New York, North Dakota,
Rhode Island, South Dakota, Virginia, Washington or Wisconsin.
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