Dear Shareholders and Friends,
I am still working on integrating our new accounting system WHMCS but I do have the old accounts imported in and I have enough information to pay dividends. Domain name sales are not reflected here because for this quarter we were buying them and selling them at the same price - however as part of our new WHMCS system I have applied for a registrars reseller account that will automate into this system and we will be able to make profits from domain sales.
Here is our Q2 Breakdown
Jan 2012 - 3 Starter Accounts Carried Over from Previous Quarter - $15
Jan 2012 - 5 x Starter Account Signups - $25
Jan 2012 - 1 x Deluxe Account Signup - $10
Jan 2012 - 1 x Ultimate Account Signup - $20
Feb 2012 - All Customers Renew in Feb - $70
Feb 2012 - 4 x Starter Account Signups - $20
Feb 2012 - 2 x Ultimate Account Signups - $40
March 2012 - 1 Starter Package Customer Does Not Renew ($5)
March 2012 - All Other Customers Renew - $130
March 2012 - 3 x Starter Account Signups - $15
March 2012 - 1 x Deluxe Signup - $10
March 2012 - 1 x Ultimate Signup - $20
Gross Income for Q2 - $170
Expenses for Q2 (ISP Fees) - $74.85
Net Profits for Q2 - $95.15
I feel very good about this quarter, we are the #1 Bitcoin web hosting service and we are gaining momentum. We now own all of the BEST Bitcoin related web hosting domains and Our new WHMCS system is incredible not only does it improve our accounting it gives us full automation and a much better way to make sales, keep customers, offer technical support, sell domains and so much more! I thank all of the share holders who have been supporting us and I encourage you to hold onto those shares so we can celebrate an even better quarter three months from now! Exciting things are sure to come!
mtgox/last price right now is 4.94000 - I will now calculate $95.15 in dividends denominated to that value and pay share holders on the GLBSE
thanks again for supporting the Bitcoin Web Hosting Company!
Thomas Van Riper
Bitcoin Web Hosting Companyhttp://www.BTCWebHost.comhttp://www.BitcoinWebHost.comhttp://www.BitcoinWebHosting.com