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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