Rene Eringaard - Timeline - 1997

XS2 - Year 1997 net sales: € 8 million

1997:

In this 1st full year of activities the net sales of XS2 is € 8 million.
XS2 Europe BV i.o. is importing/exporting/distributing computer components, peripherals.
Introduction of the A-Trend Voodoo 3D graphics accellerator in the Dutch market.

XS2 Europe BV i.o. is assembling private labeled computer systems.
Introduction of private labeled desktop computers "XS2" and "Promedia" mostly using AMD and Cyrix processors.

XS2 Europe BV i.o. becomes a direct customer and/or distributor for following manufacturers:
A-Trend (Taiwan), Acer Peripherals (Taiwan), Ovislink (Taiwan), Epson (Japan), Promise (Taiwan), Sung-il (Korea)

 

Rene Eringaard decides to change XS2 Europe BV i.o. to XS2 Europe BV.
Thus changing it from sole proprietorship to a limited company or so called Ltd.
The abbreviation “BV i.o.” is meaning that it is a "one-man business" or “sole proprietorship”.
The abbreviation “BV” without the “i.o.” is meaning that the legal form is a Ltd.

Changing XS2 Europe BV i.o. to XS2 Europe BV will give the company advantages:
a: No personal liabilities for Rene Eringaard anymore
b: More favorable tax rates
c: Employees can become shareholder of a “BV” company.

In 1997 the company structure becomes as following:
XS2 International BV
The shareholders of this company are:
51%  XS2 Holding BV (= Rene Eringaard)
44%  A-Trend Technology Co (= Mr. Andrew Chen, Mr. Wu Pei-yao)
5%   Mr. Yu Shen Lin (= A-Power Technology Co)

A-Power Technology and A-Trend Technology support XS2 International BV with loans and special payment terms, thus financing XS2 International BV.
XS2 International BV has the exclusive rights to distribute A-Power and A-Trend products in the Netherlands and Belgium.

XS2 International BV transfers above loans, special payment terms to XS2 Europe BV, thus financing XS2 Europe BV.
XS2 International BV transfers above exclusive rights to distribute A-Power and A-Trend products to XS2 Europe BV.

 

XS2 Europe BV
The shareholders of this company are:
60% XS2 International BV
40% Employees

The 40% has been given to 3 employees.
In other words:
Rene Eringaard gave these 3 employees the amount of money to be invested, so that they could become a shareholder.

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© XS2, Sourcing, Factory Audits, Branding, Marketing, Sales Channel Development, Consultancy, Taiwan Republic of China, the Netherlands, Rene Eringaard.

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