Well of course, the "Affiliate Program".... why am I not surprised? I just hope callNow can pay all those affiliates, as they have some legal problems looming on the horizon. Viatel, Inc. was recently awarded a judgment, and cases filed by Technology ControlServices, Inc. and Worldcom are pending.
*** THIS DATA IS FOR INFORMATIONAL PURPOSES ONLY ***
JUDGMENT AND LIEN FILINGS FROM THE OFFICE OF THE NEW YORK COUNTY CLERK
DEBTOR: AXICOM COMMUNICATIONS GROUP INC
50 BROAD STREET
NEW YORK NY
CREDITOR: VIATEL INC
685 THIRD AVENUE
NEW YORK NY
AMOUNT: $ 99,622.65
LIEN-TYPE: JUDGMENTS DOCKET
DOCUMENT-TYPE: JUDGMENTS
EFFECTIVE-DATE: 06/01/2000
EFFECTIVE-TIME: 10:35
EXPIRATION: 06/01/2020
DOCKET-DATE: 06/01/2000
DOCKET-TIME: 10:35
INDEX-NUMBER: 125848/99
COURT: SUPREME COURT
ATTORNEY FOR CREDITOR: BRIEF JUSTICE SCHULMAN CARMEN ETC
805 THIRD AVENUE
NEW YORK NY 10022
But they have a loan from the New York Investment Corporation. Here is an excerpt from an article in the Feb. 11, 1999 New York Times:
[T]he New York City Investment Corporation, which is backed by 10 banks, has a mandate to finance minority ventures. The fund, started in 1996, acts more like a bank than a venture firm, giving out loans of $50,000 to $1 million in return for equity or royalties. Though the $25 million fund does not necessarily focus on technology companies, it has lent close to $1 million to two New York-based black-owned technology firms -- Data Industries, a computer personnel staffing company, and Axicom Communications Group, an international telecommunications firm. Howard Sommer, who manages the fund, says it is now focusing more on Internet and new-media companies. |
