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XnE expects $1M+ in annual sales from each new Hawaii team

XnE, the publicly traded firm with the rights to up to four independent Golden Baseball League teams in Hawaii, expects each team to be grossing more than a million dollars annually.

XnE, the publicly traded firm with the rights to up to four independent Golden Baseball League teams in Hawaii, expects each team to be grossing more than a million dollars annually.

That information came in a filing for shareholders made public today. In the release, XnE laid out a three-year projection for revenues for the GBL's St. George Roadrunners, four Hawaii teams and an unnamed fifth team.

For the record: XnE is expecting sales for St. George to be $801,257.40 in 2010, $885,000.00 in 2011, and $925,000.00 in 2012. For the Maui team –slated to play at War Memorial after a lease was signed last week — sales are projected as $938,246.00 in 2010, $1,100,000.00 in 2011, and $1,250,000 in 2012. For a second Hawaii team, sales are projected as $938,246.00 in 2011 and $1,100,000.00 in 2012. For a third Hawaii team, sales are projected as $938,246.00 in 2011 and $1,100,000.00 in 2012. For a fourth Hawaii team, sales are projected at $1,050,000.00 in 2012. For an unnamed sixth team, sales are projected as $940,000.00 in 2012.

The firm is projecting a loss of $60,191.41 in 2010 and profits of $284,852.63 in 2010 and $865,528.05 in 2011.

You can read the fuil statement to shareholders here.

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