OBN Holdings Financial Information In 2007, in order to increase OBN Holdings’ shareholder value, we elected to shift our business model from a vertically-integrated entertainment company into an internationally diverse multi-industry conglomerate. Since the shift was made, the value of your company has grown significantly. The statements show that the company increased its net worth from the previous fiscal year by nearly $5 million, resulting in a positive shareholder value of $3.5 million. The earnings per share increased from a negative $0.15 to a positive $0.19 per share. Moreover, total assets rose from $0.45 million to over $5.4 million while total liabilities were reduced from $2.0 million to under $1.8 million. The charts below provide information of that growth. For a complete copy of OBN Holdings’ financial statement, click here to go to the SEC link. Chart 1 – This chart provides a graphic representation of the growth of OBN Holdings’ assets.
Our new business model has been in place for a very short time. We expect significant growth to continue at a rate of at least 10% to 15% per year for a minimum of 5 years. Moreover, since we are, and will continue to be, diversified internationally, economic downturns should not have significant effect on our growth and development.
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