Volume 3 Chapter 111 - Rather we suffered a loss (1/2)

The product exchange conference was scheduled for three days, but there was a shocking piece of news that came on the first day.

After learning the news of the Frestech Chamber of Commerce selling household magic machine production technology from the various newspapers, there were countless companies that rushed to Anvilmar City, arriving in time for this product exchange conference.

When the first day was over, there were seventy six companies that reached an initial agreement with the Frestech Chamber of Commerce.

According to the stats, these seventy six companies had a total of one hundred and twenty seven transfer agreements. The total for this reached an astonishing ten million gold coins!

And this was just the income from transferring the technology. If one included the added fees for training workers and providing technical guidance, the Frestech Chamber of Commerce earned thirteen million gold coins from these one hundred and twenty seven agreements!

And this was just in terms of technology. Since the companies wanted to buy the production methods for household magic machines, they would also have to buy the corresponding production magic machines from the Frestech Chamber of Commerce.

Production magic machines weren’t cheap, it would cost quite a bit to buy an entire production line.

The profit from this couldn’t be calculated for now, but the one hundred and twenty seven contracts needed at least one hundred and twenty seven production lines, so that was a profit of three million gold coins.

This meant that in a single day, the Frestech Chamber of Commerce had earned over fifteen million gold coins!

This was naturally a dazzling amount. Even the always calm Evita was shocked to the point of being unable to speak after hearing this number from Xu Yi.

As for the excitable Akali, her mouth dropped wide open and her eyes popped out as her face filled with disbelief.

“Sir……Sir chairman……This much gold coins……how will you spend it……” After a while, Akali finally stuttered this out.

Although Xu Yi’s estimates in the passion of the other companies were a bit low, he had prepared his heart ahead of time. He wasn’t actually shocked by this amount, rather he shook his head with a smile, “You think that this is a lot?”

“Of course.” Evita let out a sigh. She patted her chest like she had been shocked, “Fifteen million gold coins! Chairman, don’t you think that’s a lot?”

“That’s right, our company has been open for three years and we haven’t earned that much after adding everything up. In just a single day, we earned this much, chairman, you don’t think that’s enough?”

“It isn’t that it’s not enough, but……” Xu Yi looked at the thick pile of contracts and slowly shook his head, “To be honest, our company isn’t earning anything, rather we suffered a loss.”

“A loss?” Evita and Akali both had wide eyes, “How could that be possible!”

“You’re only looking at today’s profits, but have you thought about if our company kept this technology, when we maintain a monopoly on all these household magic machines, how much could we have earned from it?” Xu Yi asked back.

Akali and Evita looked at each other and fell into thought.

After a while, Evita said with a nod, “I understand. Chairman, we might really be suffering a loss. Our company is earning at least a million gold coins a year from the household magic machines and if we pushed these household magic machines to every part of the kingdom or even other countries, we might be able to earn several million gold coins each year. Although fifteen million gold coins is a lot, as long as our company developed smoothly, we would definitely earn much more than this in the future.”

“But what if our company doesn’t develop smoothly?” Akali thought before asking this.

Evita glared at her, “What nonsense are you saying? With the chairman here, how could our company not develop smoothly?”

Akali knew that she had said something wrong, so she stuck out her tongue in embarrassment. She then said to Xu Yi, “Chairman Xu, it was just nonsense, don’t mind it. Evita is right, with you here, our company will definitely develop well. Then in the end, sir chairman, since you know that our company can rely on this technology to earn a lot of money, why did you transfer it?”

“This is for our long term strategy……”

Xu Yi simply explained the idea of establishing a magic industrial system.

It was a bit different from the real thoughts he told Heinz and Kennard before. Evita and Akali both seriously listened to him, not asking as many questions as Heinz and not exploring how feasible it was like Kennard. Rather they looked at Xu Yi in surprise, while their eyes filled with admiration.

Before Xu Yi finished explaining, Akali grabbed Xu Yi’s arm and excitedly said, “Sir chairman, you’re really great! I love you to death!”

Although Evita didn’t act as exaggerated as Akali, based on her look, her thoughts weren’t that far from Akali’s.

Xu Yi laughed before tapping Akali’s head, “Stop that. If you keep saying this and others hear it, you might be able to get married in the future.”

“Humph, so what if I don’t get married. It’s fine if sir chairman likes me, I can just be your lover at worst.” Akali said with a smile.

“You should convince Still first.”