Orbit Drop Update on Financials, Conference, Franchising, and Other Current Developments
07 September 2005 - 5:46PM
Business Wire
Orbit Drop, Inc. (Pink Sheets:OBDP) has come a long way since its
inception. With the franchising division moving along and
developing projects such as LiveVisual and VehicleMan, OrbitDrop is
establishing itself as a leader in the eBay (NASDAQ:EBAY) drop-off
industry. Financial Statements and Reporting: OrbitDrop has a CPA
working full time on the financials and our outside SEC attorney
finalizing the 15c211 disclosure. Alan Weinstein, CEO of OrbitDrop,
commented, "We understand the public is anxious to see the
financials, but they must be accurate first. We are trying to have
the statements filed by the end of the week." Shareholder
Conference Call: The highly anticipated shareholder and investor
conference lead by Mr. Weinstein will tentatively be held on
September 13th. Details on the conference will be released later
this week. Franchising: OrbitDrop has three corporate (one opening
next week) and one franchise store open. Contracts are currently in
place for 7 franchise stores. To date, over 100 UFOC's have been
sent to selected prospects. On August 25th OrbitDrop began a
marketing campaign placing listings in some of the top franchise
lead generation websites like www.franchisegator.com,
www.franchiseopportunities.com, and www.franchisedirect.com. Dain
Turner, VP of Franchising, commented, "These ads are not only
bringing OrbitDrop outstanding leads, they are also helping
establish our brand identity." LiveVisual and VehicleMan: Both
LiveVisual and VehicleMan are undergoing development at this time.
OrbitDrop expects a release to all franchisees of LiveVisual by
December 2005 and VehicleMan by February 2006. About OrbitDrop:
Orbit Drop, Inc. is a franchisor of retail eBay drop-off stores.
OrbitDrop 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. OrbitDrop 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 OrbitDrop with an item; OrbitDrop
researches the value, takes photos, writes a description, 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
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