Re: Joe Logan
Looks like we have a shell game going on here, and/or variations on a theme.
Alain Chaim and Joe Logan, Jr. were friends [1]. Logan was president of both Wasatch International Corporation, Aviation Holdings Group, Inc., and Aviation Industries Corp. [2] Allen Conkling at one time was IR for Aviation Industries. Conklin was one of the two friends that found the bodies. Conklin was also involved in IR for Electro Optical, a scam that involved Lehmann, but was never charged [1].
Aviation Industries is an interesting story.
In early '98, Aviation Industries (OTC: AVIA), like Electro Optical, was touted by Future Superstock, a company in which Lehmann was actively involved. On 5/27/98, AVIA agreed to purchase Casino Airlink, Inc. (OTC: POKR), a Ft. Lauderdale, FL-based wholesale travel company [3]. On 7/29/98, AVIA agreed to buy Business Travel, Inc., a corporate travel company [4]. On 8/4/98, AVIA agreed to merge with POKR with the new entity to be called Integrated Marketing Professionals, Inc. William Forhan, CEO of POKR, was also named CEO of AVIA; only one member of AVIA remained on the board of directors, Diran Kaloustian, the CEO [5]. The companies never did merge but POKR did assume the new name.
On 8/18/98, AVIA acquired Biloxi, Mississippi-based Magnolia Tours and Transportation, a motor coach transportation company [6]. On 9/22/98, AVIA filed its Form 10 to become fully reporting [7]. On 10/6/98, AVIA purchased Cruise Society Inc., a Durham, North Carolina-based travel agency [8]. On 6/4/99, both Integrated Marketing Professionals and Aviation Industries signed a Letter of intent to be acquired by ByeByeNow.com (BBN), a recently formed company, for $.77 a share (of either company) towards the initial pricing of the upcoming BBN IPO shares [9]. The CEO of BBN is also William Forhan, and all three companies operate out of the same office [10]. Last Thursday, 10/28/99, BBN said they would now merge only with POKR, but still acquire all AVIA stock; the share exchange price is now priced at $.669, and the IPO is set for the Q2, 2000 [11]. It's interesting to note that the ByeByeNow.com site still is under construction.
Getting back to Joe Logan...
According to Nevada records, on 3/12/98, Joe Logan and Diran Kaloustian founded CITA Americas, Inc., which became a wholly owned subsidiary of AVIA. On 5/6/98, "CITA Americas entered into an exclusive agreement with CITA Institute of Australia/New Zealand to provide its patented method of Ultra-Rapid Detoxification (UROD)" [12]. A few months later, on 8/17/98, Southwestern Environmental Corporation (OTC: SWNV) closed on a previously announced agreement to acquire all the outstanding stock of CITA Americas, Inc. for $2.2M [13]. On 12/1/98, SWNV changed its symbol to DTOX. DTOX has since run into severe problems, including an apparent SEC investigation [14]. However, it appears that as of last Friday, 10/29/99, DTOX is now current in their filings.
Notes: Both Aviation Industries and Integrated Marketing Professional are Nevada companies, and each also has James Muldowney as VP. Our friends at Joseph Charles & Associates are also involved with warrants.
Getting back to KIWI...
Potential Savior of Kiwi International Has No Revenues or Assets to Speak Of
Summary: The recent Securities and Exchange Commission filings of Wasatch International Corp., the possible provider of $5 million in loans to Kiwi, show that in more than 10 years of existence, the company has conducted essentially no business aside from an attempt at a graffiti removal business that went nowhere. Currently, Wasatch hopes to buy a cruise ship from a bankrupt Florida company for $6.7 million in cash and stock and has acquired the rights to develop 15,000 acres in the Bahamas for 25 million restricted shares, according to the documents. Joe Logan Jr., recently appointed president and chief executive of Wasatch, wouldn't comment on how the company might come by the money, referring all questions to John B.M. Frohling, a New Jersey attorney representing Wasatch. Frohling, who appeared at yesterday's hearing in U.S. Bankruptcy Court in Manhattan, wasn't available. [15]
[1] Message 11761484
[2] Message 11765805
[3] Message 4610449
[4] Message 5350462
[5] Message 5404205
[6] Message 5524569
[7] freeedgar.com
[8] Message 6001006
[9] Message 9967475 and
Message 10010424
[10] Message 10863891
[11] Message 11737711
[12] futuresuperstock.com
[13] library.northernlight.com
[14] Message 11125356
[15] library.northernlight.com
- Jeff |
