Mandrewadventure Inc. (Q1) Quarterly Report June 2 - Sept 16
Due to many complaints from shareholders, regarding the poor performance of our communication staff, Mandrewadventure Inc has taken the unprecidented step of producing a full quarterly report for Q1. We hope this will give shareholders all the information that they were expecting to hear over the past 3 months.
Cheers
Mandrew
CEO/Founder
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Revenue is at 0, with costs particularly high over the first 2/3 of Q1. Offices were opened all through the Northwest US, Canada and Alaska, and a part-time employee (Kevin Wiggen) was brought in to the Valdez office. Due to the increase in beer costs and constant "sniping" problems, our Alaskan staff member was terminated only 2 weeks after being hired.
Mandrewadventure Inc. recommends the following areas to shareholders for further exploration in the US/Canada:
* Kayaking in the Queen Charlotte Islands (B.C)
* Kayaking in Valdez/Prince William Sound (Alaska)
* Bear viewing in Katmai National Park (Alaska)
* Hiking in Jasper National Park (Alberta)
* Hiking in the Grand Tetons National Park (Wyoming)
Thanks go out to those who organized temporary office space in Seattle (Mike & Julie), Vancouver (Pat), Anchorage (Tammy & Jeff), Jasper (Brent & Jen), Calgary (Unknown but friendly Australian), & Helena (Carol & Bill).
Profits this quarter took an additional hit with a one-time restructuring charge for the shutdown of our transportation department (the VW vanagon), due to low performance and rising costs within the department.
As costs were so high in the first 2/3 of the quarter, offices were closed in the US, and all opererations were moved to Europe in mid August.
After an initial office opening in London (thanks to Shareholder Sophie who financed the office lease), Mandrewadventure Inc, hit hard by the low $US were forced to quickly shut down operations and set up shop in Eastern Europe (Czech & Slovak Republics).
Expenses have decreased significantly due to the local Slovak employees (Andrew's cousins Andrea & Vlado) who have been subsidising the offices in Bratislava & the High Tatras. Foreign investment from our US/Slovak employee (Andrew's mum) has also reduced costs during the month in which she will be employed by Mandrewadventure Inc in Slovakia.
Mandrewadventure Inc. recommends the following areas to shareholders for further exploration in the Czech & Slovak republics:
* Prague (meeting andrew's great cousins Juraj, Teresa & Annelie Herz)
* Karlovy Vary (spa town in Czech R.)
* Cesky Krumlov (Czech R.)
* Castle Devin (Slovakia)
* Banska Stiavanica (Slovakia)
* Hiking in the High Tatras (Slovakia)
* Touring the Ice Caves (Slovakia)
* Orava Castle (Slovakia)
Projections for Q2 include office closures in Czech/Slovak republics and new offices opening in Spain, Portugal, Italy & Turkey. No revenue is projected, however we anticipate hiring more foreigners in Spain (Mandy's Parents).
Despite zero revenue and no revenue growth projections, Mandrewadventure Inc's board of directors has voted to continue funding the venture for another 9 months. After that point an additional round of funding may be sought.
If shareholders would like any further information about Mandrewadventure Inc. including photos and very brief and sporadic updates from the poor performing communications team, please go to www.wiggenout.com/mandrewadventure.html
(for europe pics look at http://www.wiggenout.com/2003_09_01_mandrewadventure_archive.html)
There may be additional paragraphs added to old sections from Alaska, and may be some fairly recent updates. (Nothing is being promised)
The current office phone number in Slovakia is: +421 907 172 539. We are 9 hours ahead of PST. A new office phone will be sent out when our Spanish office opens in October.
Cheers
Mandrew