2008 3rd Quarter Financials Filed
Today we filed our 3rd 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.