Riduur Corporation: Difference between revisions
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===Before Riduur's Incorporation=== | ===Before Riduur's Incorporation=== | ||
Before Riddur was formed, all technology, even before the formation of the Republic Of Makko Oko, had been obtained from overseas, with the tribe unable to get its ground into independence in that regard. The technology produced by the tribe at the time were woefully unstable, broken and poorly built. An individual, named William Nieves, had gone to college at the age of 17 in 1986 at the esteemed Etheinia College Of Engineering on a partial-ride scholarship, having close to 50% of his tuition covered. | |||
By the time he was 20, he had learned a lot from living and working in Etheinia, so much so that he felt he had the capability to design and manufacture well-built, stable electronics. | |||
====Partnership & Unofficial Founding==== | ====Partnership & Unofficial Founding==== | ||
William, being only 20 years old, knew that he couldn't launch a company by himself, as he had no degrees or knowledge in that field, so he enlisted the help of Etheinia Manufacturing Inc.'s own Founder, still alive at the time, Liam Haugseth. Liam had been interested in the expansion, and so Etheinia Manufacturing had entered into a partnership agreement with William, accepting a 30% share of the company and being a silent partner, helping to run the backend operations of the business such as accounting. | |||
The agreement, according to historical records, was signed on September 1st, 1990, which some consider to be Riduur's official establishment date. The name Riduur was chosen by both Liam and William as a catchy name for their partnership, and to forever signal what sparked it. | |||
===Official Incorporation & Expansion=== | ===Official Incorporation & Expansion=== | ||
The business had been under the planning phases for quite some time, but before the first factory officially came online and employees were hired, both of them knew the company had to be legitimized. So, on March 4th, 1993, the incorporation of Riduur Corporation was filed and made legal. After the incorporation, the first factory, known as "R10", had begun operation. It didn't cause nearly as much pollution as some other types of factories did, which pleased the new government. | |||
By 1994, the company had begun production on the first-ever dial-up modems in the nation, in cooperation with a deal made by the Makko Okoan Government. By 1996, the company had begun production on integrated DVD television sets, a first for the nation. Profits in 1996 exceeded $2.5M SLO's, the highest profits ever reported by a company at the time. In early 1997, Riduur had to expand to a second factory, nicknamed "R25", seemingly being named after 1995 profits. That factory opened in late 1997 in record time, on August 17th, 1997. | |||
===Publicization & Hostile Takeover Attempt=== | ===Publicization & Hostile Takeover Attempt=== | ||
===Economy Downfall & Conversion Into Private Entity=== | ===Economy Downfall & Conversion Into Private Entity=== | ||
===After The War & Jason's Exit=== | |||
==See Also== | ==See Also== | ||
Revision as of 01:39, 1 December 2022
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 | |
| Private Company | |
| Industry | Electronics |
| Founded | March 4, 1992 |
| Founder | William Nieves |
Area served |  Makko Oko |
| Website | riduur.com.mk |
Riduur Corporation, known as Riduur simply, is a privately-owned, state-authorized, electronics manufacturing company in the Empire Of Makko Oko. Riduur was one of the first companies to produce electronic hardware such as CPU's, monitors and televisions. The company was incorporated on March 4th, 1992, one of the earliest companies to be founded within the nation. The company went private in 2017 after shortfalls of the nation's economy were increasing at an ever rapid pace.
Etymology
The name "Riduur" is Makuri for Partner, which means to collaborate or to work on something with somebody else.
History
Before Riduur's Incorporation
Before Riddur was formed, all technology, even before the formation of the Republic Of Makko Oko, had been obtained from overseas, with the tribe unable to get its ground into independence in that regard. The technology produced by the tribe at the time were woefully unstable, broken and poorly built. An individual, named William Nieves, had gone to college at the age of 17 in 1986 at the esteemed Etheinia College Of Engineering on a partial-ride scholarship, having close to 50% of his tuition covered.
By the time he was 20, he had learned a lot from living and working in Etheinia, so much so that he felt he had the capability to design and manufacture well-built, stable electronics.
Partnership & Unofficial Founding
William, being only 20 years old, knew that he couldn't launch a company by himself, as he had no degrees or knowledge in that field, so he enlisted the help of Etheinia Manufacturing Inc.'s own Founder, still alive at the time, Liam Haugseth. Liam had been interested in the expansion, and so Etheinia Manufacturing had entered into a partnership agreement with William, accepting a 30% share of the company and being a silent partner, helping to run the backend operations of the business such as accounting.
The agreement, according to historical records, was signed on September 1st, 1990, which some consider to be Riduur's official establishment date. The name Riduur was chosen by both Liam and William as a catchy name for their partnership, and to forever signal what sparked it.
Official Incorporation & Expansion
The business had been under the planning phases for quite some time, but before the first factory officially came online and employees were hired, both of them knew the company had to be legitimized. So, on March 4th, 1993, the incorporation of Riduur Corporation was filed and made legal. After the incorporation, the first factory, known as "R10", had begun operation. It didn't cause nearly as much pollution as some other types of factories did, which pleased the new government.
By 1994, the company had begun production on the first-ever dial-up modems in the nation, in cooperation with a deal made by the Makko Okoan Government. By 1996, the company had begun production on integrated DVD television sets, a first for the nation. Profits in 1996 exceeded $2.5M SLO's, the highest profits ever reported by a company at the time. In early 1997, Riduur had to expand to a second factory, nicknamed "R25", seemingly being named after 1995 profits. That factory opened in late 1997 in record time, on August 17th, 1997.
