OBDP Orbit Drop Inc (CE)

Cain McKnight has resigned as CEO of Orbit Drop, Inc. (Pink Sheets:OBDP) and has made the following statement: "Orbit Drop, Inc. has come a long way from its inception. With the new management team now in place and the company currently granting franchises, Orbit Drop, Inc. is positioned to become a leader in this field. Orbit Drop, Inc. and its investors and franchisees deserve a leader with experience in the management and financing of successful companies. Alan A. Weinstein has a track record in those areas that speaks clearly for itself and I am confident that he is the right person to lead the Company forward." Mr. Weinstein has over 35 years of finance and business experience with an extensive background in the specialty, franchise and department store retail industry. He has expertise in companies from startups, to large public and privately owned companies and in turnaround situations. A few of Mr. Weinstein's accomplishments are two successful Initial Public Offerings, numerous debt refinancing, successful negotiations in M&A transactions and the right-sizing in several successful turnarounds. Mr. Weinstein served as Senior Vice President, CFO of Bugle Boy Industries, a $250 million manufacturer, importer and retailer of men and women's clothing. Mr. Weinstein spent five and a half years as Senior Vice President, CFO of Gottschalks Inc (NYSE:GOT), a $550 million Fortune 500 Company. He was responsible for all accounting functions, SEC reporting, IR and information technology. Mr. Weinstein led a successful IPO at the Wet Seal, Inc. (Nasdaq:WTSLA) and was Wet Seal's first CFO. Mr. Weinstein commented, "I am excited to be joining the management team of Orbit Drop. The company is poised to take the next step in their evolution in the dynamic drop-off store arena. They have done a great job putting it together and we are now ready to move it forward." Orbit Drop, Inc. is a principal eBay drop-off service with existing stores in Dallas and Houston and a store in Orange County, Calif., currently being developed. Orbit Drop makes selling on eBay (Nasdaq:EBAY) easy and convenient, giving customers the ability to simply drop off their goods and turn them into cash. For more information about Orbit Drop, Inc. go to www.orbitdrop.com. Matters discussed in this press release are "forward-looking" statements. Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. The information provided on this release should not be construed as an offer of a franchise. Offers of franchises may only be made by delivery of a franchise offering circular (prospectus), and in certain states the offering circular must first have been registered with a state agency that regulates the offers and sales of franchises. The franchise is presently not being offered in the following states: California, Illinois, Maryland, Minnesota, New York, North Dakota, Rhode Island, Virginia or Washington.