Feb 3rd 2011, 06:01 MLS MiLOS Designs
by firstdesigns Milos

MLS Posts Dividend to Shareholders

Dear Shareholders,

Below is a link to the January 2011 financials:

https://spreadsheets.google.com/pub?key=0AkT05yzFcPpUdGhMZ0VFSi1SVC11N05TSEg3YVU4c1E&hl=en&output=html

January 2011 has seen a continuation of increased performance.

The Net Profit for January has decreased from L$33657.24 in December to L$28,437.27 this month; primarily due to an increase in 'product poster' expenses. These 'product poster' expenses will be continually occuring in the coming months as more and more products are packaged consistently and placed onto XStreet.

The performance for 'Revenue' for each section is described as follows:

Xstreet
Xstreet sales have continued to increase in January from L$21,051 in December to L$35,721; up 59%. As mentioned in previous months I do not want to state that there has been overall growth as this may be just a 'spell of good fortune' but things are certainly looking good.

I am continuing to generate consistency in the product posters and descriptions. In January I have placed the complete male range of tattoos onto XStreet, with the complete female range soon to be added.

The Franchise
Sales from the franchise/affiliate/vendor setups have increased in January to L$5,298 from L$4,281 in December (up 23.7%).

There continues to be a considerable interest in the franchise packs and I have therefore increased the price of the packs. I will be attempting to spend any available time looking at the businesses that are affiliated with the MiLOS Designs products.

The Store
In-store sales continued as normal up until the 12th of January. Since this date the main in-world store officially no longer exists. In-world sales will now only consist of any personal sales that I may manage to generate.

Even though there is noone to thank in particular I would like to thank all of the customers who have shopped at the MiLOS main-store during the past 3 years. I have personally gained so much experience during this time and who knows, maybe a new main-store will appear once again at some stage.

Financial Performance
The Net Profit of L$28,437.27 is a healthy one for January. I am forecasting that the coming months will bring a net profit of similar amounts; due to the continued 'product poster' expenses. The product posters are a key development for the presentation of MiLOS Designs and is a key driver in generating growth on XStreet and the MiLOS Franchise.

A dividend of L$28,000 and will be paid shortly.

In addition, I apologise for a lack of an annual shareholder meeting as one was due around October/November. In the coming days I will post the finalised date and time on the SLCapex website.

Kind Regards,

firstdesigns MiLOS
Chief Executive Officer - MiLOS Designs

Dividend Report

Dividend posted successfully, and all shareholder accounts have been credited.