Orbit Drop's CEO Reports on eBay Drop-Off Store Franchise Business Model
August 08 2005 - 8:30AM
Business Wire
Orbit Drop, Inc. (Pink Sheets:OBDP) announced that its new CEO,
Alan Weinstein, is working to get a new Company store opened in
Southern California. "We hope to get our store opened within a
month or two and to begin training our new franchisees in
California. We are also led to believe that we will be approved to
sell Franchises in California very soon. We have answered all
questions from the California Franchise Tax Board and our attorneys
have informed us that we should be approved shortly," Mr. Weinstein
said. "We are very disappointed that our stock price has been
falling lately and we know of no operational reason for the drop.
We have been answering calls and emails from concerned shareholders
and hope the price stabilizes soon," Mr. Weinstein concluded. Alan
Weinstein was recently interviewed by CEOCast.com about Orbit
Drop's business. To listen to the interview, you must first
register for a free account by visiting the following link:
http://www.ceocast.com/register.cfm Once you are registered, you
can listen to the interview by visiting the following link:
http://www.ceocast.com/company.cfm?cid=16205 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 For more
information about Orbit Drop, Inc.'s corporate structure visit
www.orbitdrop.net 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 or Virginia.
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