To: Tech Advisor or Kent Robertson
From: Dianna Hubert, Chairman of the Board - Gala-Bari International Inc.
Re: Scam - Evidence is here
The following will provide the readers of this chat line with information refuting the frivolous drivel posted earlier today. It is important to note, however, that the above mentioned composers may in fact be ex-employees of Gala-Bari who must have extra time on their hands to slander and libel others.
1. The company has more than $720,000 in cash and in excess of $500,000 in assets. Our inventory of $305,000 is comprised of raw materials, base components with a resale value of approximately $3million.
2. Although the company has more than 40 distributors, this is of minimal significance. Our revamped 'classified' plan, to be launched October 1, 1999 is projected to draw more than 1,000,000 distributors to our site over the next 18 months and will grow expedientially thereafter.
3. Our classified plan will pay between 10% to 60% depending on each individual product's gross margins. Our in-house proprietary brands, such as Enzo Trevi, are marked up 10 to 15 times and yet remain competitive.
4. Our e.commerce software actually cost well in excess of $100. However this cost is insignificant compared to all of the other associated costs to build an impeccable site which will be launched on July 1, 1999. Imagine the expense of the talent required to launch such a project - artists, designers, copy-writers, technicians, management information system people to handle the hundreds of technical details, product and vendor managers, distribution, logistics and so on. In addition, these individuals require state-of-the-art equipment to execute their jobs flawlessly and a desk and chair to work from. To say we are expanding is an understatement!
5. Offering recognizable brand names equivalent to Dell is simply a convenience for those who wish only to purchase items that are not available to us on a wholesale basis. Please note #3 above and watch for the hundreds of products and vendors over the next six months to locate on www.galamall.com, (opening July 1, 1999) our retail mall and www.galabari.com, our network marketing mall.
6. The actual amount of $50,000 invested by subscribers, not $250,000, are friends and families of the above mentioned ex-employees. This money and the more than $750,000 recently invested in the company is being used solely for working capital, equipment, wages, marketing, expansion, advertising and so on. This is not embezzlement. This very strong word has been used out of context and incorrectly. Please contact the Vancouver Stock Exchange and/or the British Columbia Securities Commission to verify that any wrongdoing occurred. The monies will be returned upon advisement by the Company's attorneys at McCarthy, Tetrault in Vancouver, B.C.
7. There have been a fair number of individuals hired by the company over the past fifteen years. Please note that some individuals have been dismissed within a relatively short time period after commencing with their employment. Unfortunately some people, despite their resumes, are simply not capable of performing the job.
8. We have never bounced a check. We had more than 500 distributors. Richard Hix and the above three mentioned ex-employees started their own network marketing company and convinced some of our distributors to leave with them. This matter has been turned over to our attorneys. See #2 above - this is insignificant to the long term success of the Company.
9. The company has 'working' Visa and Mastercard point of sale equipment.
10. This comment is too silly to even comment on. However, would anyone blame me for selling a few shares at $10, $15, or even $25?
11. The company does not owe the Sunset Station hotel in Las Vegas any monies. The writers may be referring to the fraudulent use of my personal credit cards by the ex-employees which is presently being investigated by Visa.
12. David Michaud, Wisam who?, and Cash Money are not employed by the company. Cameron King, our Vice President of Finance, as part of his many responsibilities handles all Investor Relations inquiries.
In closing, it important to note that the ex-employees and Richard Hix sold their shares at 3-4 cents a few months after paying 10-14 cents for each share. Now the shares trade significantly higher. Sour grapes??!!
|
