search.thunderstone.com anyone check out paid stock promoter Steve Samblis web site and see just how he has been hyping and pumping the stock?
Letter From The Editor,
We have seen an amazing amount of media and individual attention to our recent client Millionaire.com. In a recent release the company announced that it had sold $8 million of advertising space to the New York base international trading giant SGD International Corp. Some of you have asked for clarification and, have mistakenly thought this was a barter transaction. I went right to the source to asked the question and get the answer. Just today I spoke to Jerry Galuten, President of SGD International Corp. My goal in the call was to keep it simple and get to the point. Mr. Galuten was gracious is offering his time and the following answer to my questions.
SCJ: In a recent service it was mentioned that you were not aware that MLRE had a web site. We both understand that the site is not currently up and running, but once the site is fully functional, will you take advantage of web advertising as well as the magazine?
Mr. Galuten: Yes after reviewing the web site and the plan for the site, we will definitely use the web site.
SCJ: What kind of transaction is this?
Mr. Galuten: A cash purchase.
SCJ: Is it this a barter?
Mr. Galuten: No. I don't understand the question of barter as it has no barring on this transaction.
SCJ: Lets talk about an accounting view of this these transactions. Is this an asset?
Mr. Galuten: Yes
SCJ: Who else have you worked with using this type of transaction?
Mr. Galuten: We have done this with many companies around the globe. We have done this with Manufactures Hanover & Trust, Wang Lab, (both of which did over 25 million), Home Depot, Loews, Turner Publishing, Ever-Fresh Beverage Company, Minolta, Good Year Tire and Rubber, Stanley Tools, and Crystal Clear Corp. These are just a few and I feel this may be the wave of the future for many firms.
SCJ: Do you feel this is an isolated transaction with Millionaire.Com, or do you see future business with the company?
Mr. Galuten: I believe this will be the first of many transactions. I Have a great deal of respect for Rob White and his management talents, as a matter of fact I'm looking to begin acquiring stock in the company.I have worked successfully with Rob White when he owned the The Robb Report and look forward to similar results with Millionaire.Com
SCJ: Thank you for your time.
Mr. Galuten: My pleasure.
So there you have it right from the source. We thank Mr. Galuten for his time!
Steven Samblis
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