Orbit Drop Issues Letter to Shareholders
June 06 2006 - 1:00PM
Business Wire
Orbit Drop Inc. (Pink Sheets:OBDP) Dear Fellow Shareholders: As the
newly-appointed Chief Executive Officer of Orbit Drop, Inc., I want
to share our business strategy as we strive to maximize Orbit Drop
shareholder value with some bold and exciting new business
strategies. Since being named CEO in December, I have worked
closely with management to implement changes necessary to increase
our growth and profitability. At the same time, aggressive and
thorough reviews of all strategic alternatives to the current
business model have been examined. At this time, we are ready to
begin an operational transformation that we believe will improve
our ability to compete and better serve our clients and customers.
Our marketplace can be cruel and unforgiving to companies that are
slow to react and respond to the continually changing landscape in
the world of e-commerce. We realize that although some of our
competitors in the eBay drop-off store arena are doing well, most
are subject to costly rent and prohibitive startup costs. Many of
our competitors' stores have already failed due to poor location,
stiff competition, inexperienced management, and an overall lack of
support from franchising operations. We are pleased to say that all
Orbit Drop franchises are still functioning at this time. That will
not, however, preclude us from making radical changes to our
current business model as we choose to be proactive in streamlining
our operations to insure the success of our company, our current
stores and the new hybrid business model we are ready to roll out.
The most significant change in our business model is the
termination of our eBay drop-off store franchising efforts. Instead
we plan to market and sell a proprietary software package branded
the Orbit Drop Associate Sales Kit, to what will be a new group of
Orbit Drop Associates. This software will enable the purchaser to
become an Orbit Drop Sales Associate and compete with the many eBay
drop-off businesses at a fraction of the start up cost and with
little or no recurring overhead. In addition, there will be no
residual royalties payable to Orbit Drop for our new Sales
Associates, further cutting the cost of operations in this
competitive market sector. Orbit Drop will, however, receive
residual income from a percentage of sales generated from the use
of our new software program. We will also offer additional products
which will serve to enhance our associates' sales ability. We are
in further development of multi level kits to be released over time
which will appeal to different markets, including international
customers, with the same residual incomes coming to Orbit Drop. In
conclusion, we are extremely excited about our new business model
and the many opportunities and advantages it will afford our
company. We feel that the Orbit Drop Associate Sales Kit is an
innovated, practical and affordable product with unlimited
potential. I thank you for your patience during this transitional
period and assure you that Orbit Drop is focused on continued
success that will benefit our company and our shareholders. Marisa
A Wolfcale CEO, Orbit Drop Inc.
Orbit Drop (CE) (USOTC:OBDP)
Historical Stock Chart
From Nov 2024 to Dec 2024
Orbit Drop (CE) (USOTC:OBDP)
Historical Stock Chart
From Dec 2023 to Dec 2024