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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: bob sims who wrote (289)	5/9/1999 12:41:00 AM
From: wonk	Read Replies (1) of 7056

I see that Dorian Reed is involved with this company. ...Unlike the current management at SCMI, you are going to find the management at HITS (STEVE and DORIAN) very focased on business, aggressive in building business and always keeping in mind shareholder value... exchange2000.com Has this item ever been resolved? FTC SUES SPAMMER Alleges Business Opportunity Falsely Promoted In Unsolicited Commercial E-Mail In the first law enforcement action targeting fraudulent, unsolicited commercial e-mail -- spam -- the Federal Trade Commission has asked a federal district court judge to permanently prohibit the seller of an allegedly bogus business opportunity from making false promises to tout the scheme. The FTC charged that the spam messages and Internet homepage of Internet Business Broadcasting, Inc. contained false and misleading income claims. ... Internet Business Broadcasting and its principals claimed they operated "City Edition" Internet newspapers and sold opportunities to lease "billboards" or "banners" -- essentially, slots of classified or yellow page advertising space -- that would run on the Internet newspaper sites. In "spam" sent to would-be investors, the defendants claimed that investors in the billboards could sublease advertising space and earn a guaranteed return on their investment. Their spam messages touted the billboards as the "business opportunity [that] offers a solid return potential of 100.8% the first year with only a 25% occupancy rate," and guaranteed that 25% occupancy rate according to the FTC complaint. ... Internet Business Broadcasting is a Nevada Corporation whose principal place of business is Rancho Cucamonga, California, but it did business nationwide. Thomas Maher, Dorian Reed and Audrey Reed were also named in the FTC complaint.... ftc.gov ftc.gov ww

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