Rene Eringaard - Timeline - 1999

XS2 - Year 1999 net sales: € 18 million

1999:

In this 3rd full year of activities the net sales of XS2 is € 18 million.
Introduction of “Promedia” high performance notebooks.
 
Introduction of “Promedia” desktop computer systems with integrated MPEG2 decoding, integrated Dolby Digital 5.1 sound amplifier, integrated subwoofer, integrated center speaker, external left+right satellite speakers, external satellite left+right surround speakers.

 

XS2 becomes a distributor for following manufacturers:
MSI - Micro Star International (Taiwan), Minton (Taiwan), CoSonic (China), EzKey (Taiwan), Clevo (Taiwan), Jetway (Taiwan), Unifosa (Taiwan)

 

VNU Belgium (publisher of the Yellow pages) starts complaining about the fact that XS2 is using Promedia as a brand name for computers.
Rene Eringaard decides to change the brand name "Promedia" to "Promedion" and registers it as a trademark in Benelux.
XS2 starts to sell desktop and notebook computer using the brand name "Promedion".

In 1999 the company structure becomes as following:
XS2 International BV
The shareholders of this company are:
95%  XS2 Holding BV (= Rene Eringaard)
5%    Mr. Yu Shen Lin (= A-Power Technology Co)

XS2 Investments BV
The shareholders of this company are:
60% XS2 International BV
40% Belongs to holding companies of 3 employees

The 40% has been given to 3 employees.
In other words:
XS2 Europe BV financed the amount of money to be invested by these 3 employees to get the 40% shares.

XS2 Europe BV
The shareholders of this company are:
100% XS2 Investments BV

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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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