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Luxuries Closes Without Notice
World News Today
Company website is down, phones are disconnected.
Owners and/or Executives:
A class action
suit was filed by investors againt the two founders of the company, Charles
Culver and Charles Michel. No other employees were named in this suit.
Summary: According to the press release dated Friday May 11, 2001, a complaint was filed against PrimeBuy Network.com, Inc. The complaint alleges that, during the class period, PrimeBuy and its co-founders, Charles Michel and Charles Culver, violated multiple sections of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Idaho Securities and Consumer Protection Acts, by misrepresenting and omitting material facts in connection with the operation, financial condition and prospects of PrimeBuy, and in connection with PrimeBuy securities. The complaint further alleges that defendants were conducting a classic 'pyramid' scheme, in which the PrimeBuy Internet Mall was simply a multilevel marketing scheme, offering an array of shopping 'opportunities' already available on the Internet. In addition, it is asserted that defendants misrepresented that the memberships and/or stock issued by PrimeBuy complied with applicable state and federal securities laws, and that the Company would be holding an initial public offering of its stock during September 2000. As a result of these false and misleading statements and omissions, investors are left holding worthless shares of unregistered stock in an allegedly illegal pyramid scheme.
Owners and/or Executives:
J. Stewart Borie,
(source: otcheadquarters.com, a stock promotion company that also promoted techlabs (TKLB), the public company behind 121.tv (also closed without notice))
ClickIncomes.com gathered leads through an affiliated site called YouWinIt.com, which promised to pay winners over a period of 25 years. Both companies have folded. ClickIncomes was part of Executive Help Services, Inc.
Richard Slaback, President and CEO.*
Principals: Mark Tahiliani and Harry Tahiliani
* Richard Slaback
resigned as CEO prior to final company closure.
Jerry Ballah, CEO
Steve Templeman, Senior Vice President
iPowerBiz filed bankruptcy amid a flurry of complaints ranging from unpaid commission checks to unauthorized credit card charges.
Kelly M. Thayer, Chairman of the Board and co-founder.
David N. Nemelka, CEO, Director, and co-founder.
David Bradford, Director.
Richard Robles ( R. Robles ) President
Company website atr www.thepayline.com was down briefly, and now is up with message: "The PayLine has transformed into PayLine Gold Travel and Lifestyle Rewards. Join us for fun and for profit. PayLine Miles are now "PayLine Gold MegaBucks", the ultimate travel currency."
Skellern ( Mike Skellern ), Interim CEO**
The company website is down, "profit portals" are unavailable online, and phones are not being answered. Anyone with any info on this closure please forward it to email@example.com. If you are a representative of 121.tv, please let us know if any notice was given prior to or following the closure.
Reps have reported that the company closed without notice, and without refunding rep fees.
comments in an email request for correction that he "was interim
CEO on a consulting assignment and departed the
ECB4U, PowerCard International
January 25, 2001 | BALTIMORE, USA -- The Securities Division of the Maryland Attorney General's office has issued a 'cease and desist order' against Powercard International (doing business as ECB4U), its founder Stewart Giardina, Ed Lamont and seven other distributors who promoted ECB4U from an office called E Commerce Solutions in Timonium, Maryland.
6483 Van Buren, Suite 203
Daphne, Alabama 86008
Stewart Giardina President/CEO
No information on closure, website is no longer active. This information was provided online elsewhere:
PowerCard International Inc., formerly doing business as KM.NET, is pleased to announce that, after many months of hard work and negotiation, it has arranged to preserve your original dream of e-commerce and network marketing.
Under the new name ecb4u.com (e-commerce business for you), the continuation of an assured One-Stop Shopping Mall facility is available, in a new and improved e-commerce package (ECP).
to your KM Mall site, for the last time, and gather your original
10 digit ID# and password. Bring those with you to your new Web addresses:
http://www.ecb4u.com - Your New Online Business Office
Closed by FTC
Bill Gouldd, Founder
Manufacturer of wooden utensils and Shaker boxes.
Web site states that effective 2/15/00, Mountain Gourmet is closed.
At Home (division of Wilton Industries)
Closing of the Wilton at Home division.
(Professional Resources System International)
Closed under restraining order by Floriday Attorney General.
Principles: John T. Polk, Patrick Farah, Peter Hirsch, USAsurance Group, Inc., AKAHI Corp., AKAHI.COM, Inc., 2XTREME Performance International, LLC., and AFEW, Inc. The businesses are based in Englewood, Colorado; Dallas, Addison, and Carrollton, Texas.
Principals and Executive Staff/Technical staff : J. Albert Sweeney ( Jim Sweeney, James Albert Sweeney ), Richard Croft, Don De Los Rios, Rick Shea, Kevin Allen
Bankruptcy, FTC Injunction
Principals: Alan J. Setlin, Robert Depew, Chris Lobato, David Soto, Larry Huff
Jerry Heald, President
Former reps have
stated they received no notice from ProTravel prior to the closing.
Two companies, YourTravelBiz and TotalTravel4Less have apparently
offered to service former reps travel businesses.