Another year draws to a close and despite the gloomy forecasts and fear being seen in the media, the future looks bright for Paradise Publishers.
I wanted to touch base with you and update you on our plans and progress.
First and most importantly, we ARE moving forward with our public listing, although at a slower pace than we once hoped.
While our core business has only felt mild effects from the current worldwide economic situation, these present conditions have had a more profound impact on public markets and therefore any new entrants.
Despite this, we shall proceed and continue to take the steps necessary to ensure our success. To clarify, here a several factors that are lengthening this process including:
- The exchanges themselves are backed-up and all new listings are taking longer to go through
- New regulations are being put into place on a (nearly) daily basis, making submissions more complicated and time intensive
- Our "sponsors", as most investors, are preoccupied with their current undertakings which have suffered, and therefore can place less priority on new ventures including ours.
We have recently submitted the application for our Market Maker to the exchange and are now waiting to hear back from them. This is one of our final steps and I hope to have more on this shortly.
In addition, you'll soon be receiving an in-depth review of our progress in 2008, including Paradise's plans for the upcoming year.
We have also translated it for you. For the German version please see the attached document.
The New Year brings a fresh start and new perspective as we continue to focus on our core strengths and grow from there. At this time, I'd like to wish that your Holiday Season be a safe, joyful and prosperous time.
All our best,