MIAMI, Jan. 27, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Orbit Drop Inc. (Pink Sheets:OBDP), Microsoft Corp. (Nasdaq:MSFT), Sirius Satellite Radio (Nasdaq:SIRI) and Amazon.com, Inc. (Nasdaq:AMZN).
Orbit Drop Inc. (Pink Sheets:OBDP) issued a press release that may really get investor's attention. Late yesterday afternoon, the company announced that there have been additional requests for franchise information in expectation of the pending receipt of the Uniform Franchise Offering Circular (UFOC). Before the news was released, the company's stock closed at $1.30 a share.
The press release stated that the updated franchise information request numbers to date are 80 area developers (15 per developer) and 400 single store franchises for a total of 1,600 potential franchisees. These requests have come from Texas, Maryland, Illinois, Florida, Utah, California, Ohio, Wisconsin, New Jersey, New York, Arizona, Colorado, Kansas, Montana, Oklahoma, Pennsylvania and North Carolina.
Management is excited about the better-than-anticipated responses to owning a franchise. The response substantiates the belief that there is an enormous demand for Internet-based businesses that use drop-off locations. The company will continue corporate expansion plans and provide potential franchisees with all disclosure documents soon after the finalization of the UFOC.
Orbit Drop Inc. fills the demand for a professional and convenient method of participating in the eBay on-line marketing. By using experienced eBay auctioneers and actually taking possession of the items to be auctioned, Orbit Drop eliminates the hassle and wasted time associated with turning surplus goods into cash. This exciting and cost-effective method of marketing is currently available to franchisees.
Orbit Drop Inc. is a principal eBay drop-off service with existing stores in Dallas and Houston. Orbit Drop makes selling on eBay easy and convenient, giving customers the ability to simply drop off their unwanted surplus goods and turn these items into cash.
Other Stocks of interest yesterday were: Microsoft Corporation (Nasdaq:MSFT) down 0.04% on 64.9 million shares traded, Sirius Satellite Radio (Nasdaq:SIRI) down 0.9% on 116.9 million shares traded and Amazon.com, Inc. (Nasdaq:AMZN) up 0.9% on 7.6 million shares traded.
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