Orbit Drop eBay Drop-off Store Franchise Completes New UFOC and Agreements - to Start Granting Franchises This Week
May 03 2005 - 9:04AM
Business Wire
Orbit Drop, Inc. (Pink Sheets: OBDP) has announced that the new
UFOC and Franchise Agreement being developed by the Law Firm of Don
M. Drysdale has been completed. Orbit Drop will start granting
franchises in non- registration states immediately. At the same
time, the UFOC and Franchise Agreements will be filed in all 14
registration states and 5 exemption states. "There is a great need
for this type of retail store," said Cain McKnight, CEO of Orbit
Drop, Inc., "It is an expensive and lengthy process to file the
franchising documents in all 19 states, but it is imperative for
Orbit Drop to have the ability to grant franchises in all 50 U.S.
states as well as internationally. We have franchise information
requests from all 50 states and more than 15 countries." Orbit Drop
has received over 2,000 requests for single unit franchises and
more than 500 requests for area development (15 stores per area
totaling 9,500) or multi-unit agreements over the past few months.
Orbit Drop, Inc. is a principal eBay drop-off service with existing
stores in Dallas and Houston. Orbit Drop 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,
Michigan, Minnesota, New York, North Dakota, Rhode Island, South
Dakota, Virginia, Washington or Wisconsin.
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