Rene Eringaard - Timeline - 2011

XS2 - Year 2011 - Dismantling subsidiary XS2 Europe BV and dissolving all subsidiaries

November 2nd 2010 until Januari 31st 2011.

Dismantling subsidiary XS2 Europe BV:

On November 2nd 2010 subsidiary XS2 Europe BV has been voluntarily liquidated by Mr. Rene Eringaard. In cooperation with and with final approval of the Trustee and the Court Commissioner Mr. Rene Eringaard has dismantled subsidiary XS2 Europe BV by:
1:
Rene Eringaard returned all unpaid goods to the suppliers.
2:
Rene Eringaard sold the complete stock and assets to competitors.
3:
Rene Eringaard and ING-Comfin collected almost all outstanding invoices from resellers who had received goods on a credit line.
Some resellers refused to pay after several demands because:
a:
Resellers were claiming that they lost their warranty.
In this situation Rene Eringaard proposed a payment arrangement and deducted around 20% - 30% of the outstanding invoice. Besides that he explained how and where the resellers could claim warranty from all manufacturers.
b:
Resellers assumed not to pay outstanding invoices to XS2 Europe BV, because their supplier XS2 Europe BV stopped its activities.
and/or:
Resellers did not want to return the goods to XS2 Europe BV to get a full credit note.
In this situation Rene Eringaard transferred the outstanding invoices and a complete debt collection file to the lawyers of professional debt collector Bierens Collections Agency.
4:
Competitors approached the Trustee and the Court Commissioner because they wanted to buy the domain names and trademarks for a low price. These competitors did not succeed in acquiring the domain names and trademarks because XS2 Europe BV was a domain name and trademark licensee. To keep it simple: Mr. Rene Eringaard was / is / remains the owner and licensor of around 50 domain names and 5 trademarks.



May 2011:
The remaining company structure became as following:

XS2 Holding BV
The shareholders of this company are:
100%
Mr. Rene Eringaard

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:
80%
XS2 International BV
20%
Belonged to former XS2 Europe BV marketing manager, but has been sold in May 2011 to XS2 International BV.



June 2011:
To simplify the structure of above companies Mr. Rene Eringaard decided to dissolve the companies XS2 Investments BV and XS2 International BV.
After that only the below company remained active:

XS2 Holding BV
With trade names registered at the Dutch Chamber of Commerce:
XS2
XS2 Services
XS2 Investments
XS2 International
XS2 Europe
The shareholders of this company are:
100% Mr. Rene Eringaard



Was it a wise decision to stop XS2’s activities as assembler of desktop and notebook computers ?
Was it a wise decision to stop XS2’s activities as importer/distributor of computer components and peripherals ?
The answer is yes.

Some reasons are mentioned below:
There is a decline in the sales of personal computers in favor of “post-PC mobile devices”such as smartphones, tablets, wearables and ubiquitous computing. There is a shift towards mobile devices as the primary method of computing, as a complement to the PC.
These devices emphasize:
a: portability and connectivity
b: the use of cloud-based services
c: more focused “apps” to perform tasks
d: the ability to synchronize information between multiple devices seamlessly without the need of a desktop computer.

The threat of so called “post-PC” devices have also affected the producers of the x86 processors typically used by PCs:
Many smartphones and tablets use low-power ARM processors instead of the x86 processors sold by companies such as Intel and AMD. The decline in PC sales has directly affected the sales of these x86 processors.

Several sources have identified Amazon, Apple, Google and Microsoft as the four platform cloud companies which will be the key competitors in the post-PC era of computing. Tech companies with a heavy dependency on PC sales such as Hewlett-Packard and Dell have seen their earnings suffer. IBM has also struggled due to slowing demand for hardware and consulting services.

The global market share of games (software) for PC’s is still reasonable stable.
(28% in the year 2015 and forecasted to have 26% in the year 2017 in a growing market)
The global market share of games (software) for smartphones, tablets, handhelds is growing.
(36% in the year 2015 and forecasted to increase to 41% in the year 2017 in a growing market)
Showing a shift to mobile gaming.

Below:
Unit Sales Global PC Market
(Desktops, Notebooks and not including "post-PC" smart devices)

Year

 2008 

 2009 

 2010  

 2011 

 2012 

 2013 

 2014    

 2015  

Units (Million)

  302  

  305  

  351  

  353  

  353  

  316  

  315,9  

  289  

Growth (pct.)

 11.4

 1.2

 14.7

 0.5

 0.0

 -10.4

 -0.2

 -8.0



August 2011:
Rene Eringaard agrees that Taiwanese company Yuhuan Global Co., Ltd becomes a licensee free of charge of the trademark XXODD for smartphone and tablet accessories:
Such as chargers, portable power banks, battery powered HDMI pocket projectors, battery powered Bluetooth speakers, Bluetooth smart wristbands and other Bluetooth devices.
By doing so, the XXODD trademark and the respective domain names are active and in use, and cannot be claimed by former competitors.


December 2011:
Rene Eringaard agrees that Taiwanese company Yuhuan Global Co., Ltd becomes a licensee free of charge of the trademark VIBIAN for watches, smart watches and smart bracelets.
By doing so, the VIBIAN trademark and the respective domain names are active and in use, and cannot be claimed by former competitors.

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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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