There have been some big changes around our house this week. I haven't been able to go to Pilates or go volunteer at the school in the middle of the day. Jon has not been home. And while it has been an adjustment for me, I am so excited about the new adventure that has taken him away from home.
Jonathan and I made a rather large purchase last week. We bought a company and a store. Perhaps those of you in the Las Vegas area have heard of it -- Laptop Xchange? Here is the press release I wrote up about it:
---------------------FOR IMMEDIATE RELEASE---------------
LaptopXchange is Acquired by Investor Group
HENDERSON, Nevada (June 14, 2010) – Laptop Xchange
Franchising, LLC, franchisor of the popular LaptopXchange
concept announces it has been acquired. Jonathan M. Waite and a
small group of passive investors acquired the franchisor and its
corporate store located at 1381 W. Sunset Rd. in Henderson in a
deal that officially closed on June 14. Waite holds a majority
interest in the company and will be operating as the Chief
Executive Officer and President.
Co-founder Timothy Smith will remain as the Chief Operating
Officer of the franchisor and retains a minority interest in the
company. Co-founder Michael Smith was retained as a consultant
for the next year and a half to train new franchisees. Waite and
Smith are excited about their plans to grow the business
nationwide and enhance the support provided to current
franchisees.
"We will be working with new marketing partners including a
nationally renowned franchise development partner to roll the
LaptopXchange concept out across the country," said Waite. "We
will also build a new website and commence a brand new franchise
marketing campaign. Having a well capitalized franchisor like we
do now opens so many possibilities to us.”
Waite plans to leverage the already strong brand recognition in the
Las Vegas market to surrounding areas and nationwide. That
process includes working on ways to improve the lending process
for franchisees and seeking a listing on the National SBA
Franchise Registry.
"We plan on new and exciting news for LaptopXchange in the
ensuing months and years," said Waite.
About LaptopXchange:
LaptopXchange is a premier retailer of quality used, off-lease and
factory refurbished laptop computers and laptop accessories.
LaptopXchange is also a premier service center for all brands of
laptop and desktop computers. The first LaptopXchange opened in
2001 and has been committed to providing each customer with
superior service.
About Jonathan Waite:
Jonathan M. Waite, is the founder of McKay Capital Management,
LLC, an asset management company, and Precipio Research, LLC,
an investment consulting firm catering to institutional investors.
McKay Capital managed an investment fund that beat the S&P 500
by 45 percentage points during a four-year period.
Before McKay and Precipio, Jonathan was twice recognized by the
Wall Street Journal’s “Best on the Street” for stock picking as a
senior equity analyst at KeyBanc Capital Markets.
Media Contact: Stephanie Waite, public relations
stephaniewaite@gmail.com
###
We are very excited about this new adventure. My girls keep asking how old they have to be to work in the store. Jon is still doing his Precipio Research Company so he still researches restaurants and works stock market hours for that. The hedge fund, however, he closed in April so he no longer has the stress of managing other peoples money. And it looks like I am now the VP over Public Relations. I just made that title up for myself. You get to do that if you are the boss right? :)
Some may wonder if I am nervous about such a major change. Job changes can be scary especially when you put your life's savings into an investment. I, however, am not nervous about this at all. The store is already established and both it and the parent company are profitable. We hope to use the capital we bring to the company to grow it by selling franchises nationwide. I have full confidence in my husband's ability and his plans to make this happen.
So if you have an old laptop sitting around your house and you live in Vegas or Henderson, come sell it to us and take home some CASH. We take Apple or PC laptops. And if you need a new laptop, come see what we have in the store. You may just save yourself a bundle of cash!
*** If you have already used Laptop Xchange and been satisfied with your service we would love for you to go put a positive comment on any of the websites that do reviews for it. Thanks ***
*** If you have already used Laptop Xchange and been satisfied with your service we would love for you to go put a positive comment on any of the websites that do reviews for it. Thanks ***
