Press Releases for Odinsdagrting [ODNDT].

Saturday, October 31, 2009

Monthly Statement, October, 2009

Odinsdagrting has completed its first full month, with 341,615,495.12 ISK in net sales. This represents just over 21% of the company worth. After monthly dividends, the corporate balance sheet raises to 1,888,330,599.42 ISK. This represents an 18% growth for the month.

This growth may not be entirely accurate. There were some Tech 2 Blueprint copies included in the assets transferred from Vol Jbolaz. These BPCs were not accurately valued at the time, and thus were not included in the initial 1.6 Billion ISK capitalization. It is not believed that these BPCs represent a large portion of the growth.

It is expected that the corporate growth would be greater than that of net sales. The computed cost of goods produced is based on the highest cost paid for raw materials, not the average. This will result in some gains not reflected in sales.

Dividends for the month of October are 53,377.42 ISK per share. This is a 10.68% return on the initial stock purchase price of 500,000.00 ISK.

The growth and sales for October are below desired levels for steady state operation, but they are quite remarkable giving that most of the month was spent bringing products online and refining internal efficiencies. It is hoped in the future that more capital could be dedicated to production.

About Odinsdagrting

Odinsdagrting [ODNDT] is an industrial corporation based in Metropolis currently building Gallente Tech 1 and Tech 2 ships, turrets, and ship modifications.

Odinsdagrting was founded by Vol Jbolaz, Marten Scholen, and Fyllyn Dwyn, a group of three friends that routinely met on Wednesday evenings, Odin's Day.

Odinsdagrting has chosen for its logo Odin's two ravens, Huginn and Muninn.

Odinsdagrting is based in Metropolis, and is looking to improve its relations with the Minmatar Republic, working closely with Republic corporations such as Core Complexions and the Republic Parliament.

The company was funded by a limited stock release, issuing 3,200 shares at 500,000 ISK per share, capitalizing at 1.6 Billion ISK. It currently holds a number of Tech 1 BPOs, and is looking to expand its holdings and sales offerings to include a complete listing of Gallente and Minmatar ships, turrets, and ship modifications.

Odinsdagrting current pays out dividends to stock holders of one half of monthly net sales.