Orbit Drop Announces Strategic Growth and Expansion Plans
08 Juli 2005 - 2:30PM
Business Wire
Orbit Drop, Inc. (Pink Sheets: OBDP) recently appointed Alan A.
Weinstein as Chief Executive Officer to guide it successfully to
the next level. One of Mr. Weinstein's initial goals will be to get
Orbit Drop's financials up to date and become a fully reporting
company. As a publicly traded entity it is important to let the
community know exactly what is going on at all times. When Orbit
Drop becomes fully reporting it will give investors the visibility
they're demanding, as well as allow Orbit Drop to proceed up to the
bulletin boards (OTCBB). Starting in August, Mr. Weinstein will be
setting up investor and analyst conference calls. "Our
shareholders, potential investors, and analysts deserve to know
what is happening with Orbit Drop," stated Mr. Weinstein, "I will
be conducting quarterly conference calls and releasing webcasts to
keep the public informed." The Orbit Drop franchise model works.
Over the past three months the company has made strategic
acquisitions to add value to the stores, appointed a new management
team, and most importantly it has begun to award franchises in
states it is approved in. "We are currently in negotiations with
many franchise prospects throughout the US and Internationally,"
said Dain Turner, VP of Franchising, "Granting franchises is not
like any other business, it takes time to build a relationship with
the prospects and approve them to be an Orbit Drop store
franchisee." Orbit Drop is also planning to host open house
franchise seminars starting in September. Each event will most
probably entertain anywhere from 75 to 150 people interested in
opening OrbitDrop eBay drop-off stores. About Orbit Drop: Orbit
Drop, Inc. is a franchisor of retail eBay (NASDAQ: EBAY) drop-off
stores. Orbit Drop franchise locations offer an easy and convenient
way to sell items online. The concept is a store where people come
to make money, not spend it. Orbit Drop stores handle the entire
selling process whether it is one or many items, a small piece of
jewelry, a car or a house. The highly talented and trained staff in
each store knows exactly how and when to list items to achieve the
best sales price. A customer provides Orbit Drop with an item;
Orbit Drop researches the value, cleans, takes several photos,
lists on eBay, answers buyer questions, processes payment, packs
and ships the item then mails a check to the seller. For more
information about Orbit Drop, Inc. visit 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, Illinois, Maryland, Minnesota, New
York, Rhode Island or Virginia.
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