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OBDP Orbit Drop Inc (CE)

0.000001
0.00 (0.00%)
12 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Orbit Drop Inc (CE) USOTC:OBDP OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 00:00:00

Orbit Drop Issues Letter to Shareholders

06/06/2006 6:00pm

Business Wire


Orbit Drop (CE) (USOTC:OBDP)
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From Dec 2019 to Dec 2024

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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.

1 Year Orbit Drop (CE) Chart

1 Year Orbit Drop (CE) Chart

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1 Month Orbit Drop (CE) Chart

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