Jun 2nd 2009, 02:33 MLS MiLOS Designs
by firstdesigns Milos
MLS Posts Dividend to Shareholders
The Month of May has been a steady period. I am beginning to see confirmation that the Summer does indeed bring a reduced number of sales. Total revenues for May were L$100,163 which is an okay amount but over the duration of MiLOS the average is slipping slightly. Now that I have finished University I have more time than I normally would to spend in SL. May has seen a preparation for the coming months ahead and there are a number of activities which are currently being put into place.
During May 7 new franchise stores have been established, using a commission based setup, with no rent to pay on the locations. However, some of these locations are undergoing trial periods to assess the effectiveness of such a setup.
Anyone who has been into a MiLOS store recently will have noticed that I am currently looking for new faces in MiLOS, with regards to advertising, store management and building design. Currently I have a select few who I think would make great additions to the development of the MiLOS brand.
L$8,000 this month was attributable to the costing of product posters. MLS is currently looking to restyle its product posters and a graphic designer is underway in presenting the products in a new and improved way. This though will see a continuation in costing for the next coming months. In addition to the development of the product posters, new products will be brought onto the shelves as there are currently a number of products that I in my inventory and not in sold in store.
With regards to a marketing strategy I have spoken with a RL based marketing business and I can see the benefits of having this in place, however I think that this would be better executed once the store has consistency.
In the next coming months there will be continued expenditure and I hope that this development will gear MiLOS up for the future. I really don't see why MiLOS cannot produce the reported earnings of HBK to which it would continue to provide sufficient returns to its shareholders.
This is MiLOS' goal.
Dividends of 1.5 cents per share will be paid shortly.
With kind regards,
Firstdesigns Milos
Chief Executive Officer - MiLOS Designs
Dividend Report
| Total Amount of Dividend | L$30,000.14 |
| Number of shares outstanding | 2000000 |
| Dividend per share | 0.015 |
Dividend posted successfully, and all shareholder accounts have been credited.