The CEO Report

I just realized that the last post, prior to the one just made, was back on May 10. I apologize for not posting information more often. It is not because nothing is happening at OBN Holdings.  In fact, the delay in posting information is because so many things have been occurring, which has resulted in me not having the time to update the blog more frequently.

I will do everything that I can to take time out to provide updates on a more regular basis.

Satori Beverages International LTD was recently formed as a wholly owned OBN Holdings subsidiary. The purpose of the company is to handle our beverage marketing and operations activities.  Currently, Satori offers Highland Axe Scotch Whisky (www.highlandaxe.com), Emerald Isle Irish Whiskey and Malcolm House California Wines, which are trademarks owned by OBN Holdings.  We will soon be offering our own London gin and French vodka as well as non-alcoholic beverages.  The products will be distributed by Kyodo USA (www.kyodo-usa.com), our trading company.

The Davis Research Group recently preformed an analysis of OBN Holdings.  A copy of their research report can be viewed at obnholdings.com/news.htm or Davis Research Report.

Kyodo USA, our trading company, has been performing well since we acquired it. Over the past months we have been working very hard to increase the company’s product line and the territories.  Shortly, we will be introducing a new line of product and announce the new countries that we are targeting.

Our partner from China just returned to America and we had a long meeting yesterday.  There are a number of major projects that we have in the works in China.  Some of them are related to the 2010 World Expo that will be held in Shanghai, China.  The Expo is scheduled to begin May 1st and will run for 6 months.  It is estimated that 70 million people from around the world will attend.  You can read more about the 2010 World Expo at en.expo2010.cn.  I will keep you updated about OBN’s activities as things progress.

I am happy to say that OBN Holdings has finally moved back to the Over-The-Counter Bulletin Board (“OTC: BB”). It has been a long process.  We originally planned to move back in 2007, but had to put it on hold because we had just began working on our first acquisition in China.  Now that we are back, we are working even harder to increase the value of the company and the price of the stock.  I believe that the move back will result in increased interest by both institutional and retail investors.  My goal is to move to the NYSE Amex Equities Exchange by next year.

I am happy to report that we just filed our first quarter financial statements for 2010.  Everything is now up to date.  No more filings until January.  Now, we can focus on the job of building up the company.

Since we are now fulling reporting, a market maker has submitted our paperwork so we can move from the Pink Sheets back to the Over-The-Counter Bulletin Board (OTC:BB).  We expect it to take no more than 30 days, but it depends on the amount of time it takes FINRA to approve the application.

Finally, our 10-K was completed and will be filed today. It has taken a bit longer than expected because, in part, there were new regulations imposed by the government.  Our auditors wanted to make certain that we were in total compliance.  We plan to file the 10-Q very soon.

Yesterday I was interviewed by the Wall Street Reporter. The interview can be heard at www.wallstreetreporter.com/2009/10/obn-holdings-otc-obni-ceo-interview.  During the interview I talked about our plans for growing the company and our plans for moving back to the OTC Bulletin Board and the NYSE Amex Equities Exchange (formerly the American Stock Exchange).