The CEO Report

Greetings. It is Saturday and I am still working. Running a company, whether it is public or private, means that you work Saturdays, Sundays and holidays. I noticed that new videos have been uploaded to our music website. If you have not already visited it, you should check it out. The URL is www.watchmod.com. Also, please tell your friends and family about it, and tell them to upload their music on to it as well.  Although most of the videos are professional, that is not a requirement.

The interview that I wrote about on my previous post has been released. You can listen to it on CEOcast’s  site at www.ceocast.com/(mtmabo45go3oopqs15g53h45)/company.aspx?id=2105.

If you go to the site, you will have to log in to it to get access to the interview.  Signing up to the site is free of charge, and you don’t have to buy anything at any time.  I wanted to put it on our site, but CEOcast did not allow me to do it.

If you get a chance to hear it, I welcome any comments you have (I never liked by voice).

Greetings. Today I will be interviewed by Ceocast.com. I will be talking about OBN’s start, where we are and where we are going. I hope that it will be informative, stimulating and exciting, but will be thrilled if I sound coherent. I will provide a link as soon as it is up and running.

Greetings,

We are currently working on setting up video streaming and video-on-demand for two of our websites.  There should be an announcement on them within the next few weeks.  If you have not already seen it, take a look at our music video community site at www.watchmod.com.  We have music videos featuring both legendary artists and fresh, young talent.  If you know of anyone who has music that they want to feature or people who just like music, tell them about Music On Demand (MOD).  New content is continually being added.

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 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.

Chart 2 – This chart provides a graphic representation of the reduction of OBN Holdings’ liabilities.

Chart 3 – This chart provides a graphic representation of the increase of OBN Holdings’ shareholder equity.

Chart 4 – This chart provides a graphic representation of the increase of OBN Holdings’ per-share value.

Chart 5 – This chart provides raw data used to create the graphs above.

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.

Today we filed our 3^rd Quarter 2008 financial statements.  The statements show that we increased our 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. Once our business plan is fully developed, I expect the company to have double digit growth for at least the next 5 years. Also, we expect to be back on the OTC Bulletin Board within a relatively short period of time.  You can see a graphic presentation of our growth by looking at the “OBN Holdings Financial Information” post on this blog.

Greetings.  Today we filed our 2nd quarter financial statements for 2008 with the SEC.  I expect to file the 3rd quarter numbers by early next week.  The numbers should be impressive.  Our auditors are currently working on the 2008 annual report and the 1st quarter 2009 financial statements.

Contained herein are the dates of significant occurrences in the history of OBN Holdings.

Jan 2001 - Omni Broadcasting Network, Inc., a broadcast television network is formed.

Jul 2002 - Eclectic Entertainment, Inc., a film and television production and distribution company is formed.

Jan 2003 - OBN Holdings, Inc. is formed, and all other companies are made subsidiaries of OBN Holdings.

Feb 2003 - Omni Broadcasting Network began its television broadcasting with 100 affiliates reaching 20 million households.

Feb 2004 - OBN Holdings acquires All Sports Television Network, a network focusing on airing all types of programming related to sports.

Feb 2004 - OBN Holdings approved by the Securities and Exchange Commission to offer its stock to the public

Jun 2004 - The National Association of Securities Dealers (NASD) approve OBN Holdings to begin trading on the Over-the-Counter Bulletin Board (OTC:BB)

Jul 2004 - Eclectic Entertainment produces its first major project – the 50th Anniversary and Celebration of the Four Tops singing group. Program was syndicated on television, and reached over 80 million households, sold to the Public Broadcasting Service (PBS) and released worldwide on DVD.

Jun 2006 - Omni Broadcasting ceases over-the-air broadcasting to restructure its operations.

Apr 2007 - OBN Holdings changes its business model from being a vertically integrated entertainment company in to a conglomerate focused on growth through acquisition

Nov 2007 - OBN Holdings (HK) Ltd. formed as a Hong Kong company and a wholly owned subsidiary of OBN Holdings, Inc.

Feb 2008 - OBN Holdings licenses proprietary technology that makes it possible to recycle non-recyclable plastics.

Feb 2008 - OBN Holdings licenses intelligent traffic systems technology from a Mainland China company.

May 2008 - OBN Holdings acquires Kyodo USA, Inc., an American trading company that currently specializes in buying chilled and frozen pork from Mexico and selling it to Japan distributors

Sep 2008 - OBN Holdings signs agreement with BM Intelligence (“BMI”), a Chinese consulting and accounting company, to collaborate on projects, and for the BMI to refer Chinese companies wanting to go public on American stock markets.

Oct 2008 - OBN Holdings Japan Co., Ltd formed in Tokyo, Japan as a wholly owned subsidiary of OBN Holdings, Inc.

Mar 2009 - Eclectic Entertainment launches Music on Demand (www.watchmod.com), a community website focusing on music related videos.

Greetings and thanks for visiting my blog. I have created this to provide you with updates of OBN Holdings’ activities. The company has come a very long way since we began in 2001. OBN started out as a U.S. based entertainment company, and has developed in to a multinational conglomerate. Many opportunities for growth and development have presented themselves, and we are in the process of exploiting those opportunities.

Most people never have the ability of experiencing the development of a public company – they just read about the results after it happens. Without revealing any confidential information, I want to provide you with an inside look at what goes into growing a public company.