next series of posts: NCDR's connection with ZZAP 'snake oil'
First post:
In 1998, there was an article in TheStreet.com:
Zzap.Net Offers Snake Oil
By George Mannes
Staff Reporter
10/15/98
This article can be found in post #9 by surelock, but I will paste it again in the next post, because you must read it to appreciate the subsequent posts.
The TSC article refers to investigations by the FTC, FBI, and the Florida Attorney General.
Among other things, ZZAP claimed to have a license to some video email technology, and some image compression that they claimed was superior to the stuff everybody uses, from RealPlayer. (sound familiar?)
Second post:
In November 1998, ZZAP announced it was SUBlicensing its video email technology to CORSAIRE. In particular, Corsaire was to get the rights to use the video email technology for PORNOGRAPHY.
Subsequently, of course, Corsaire was renamed NCDR.
ZZAP was renamed too, and it now trades for 2 1/4 on the OTC:BB under the symbol HSNS, and it churns out lots of hypish news releases, but no SEC filings.
Third post:
Oh, BTW, where did ZZAP get its technology? Well, it bought a chunk of Summus Technology, which of course is where Dunavant worked before coming to Corsaire. |
