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Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX) -- Ignore unavailable to you. Want to Upgrade?


To: WWS who wrote (1252)11/10/1999 8:51:00 AM
From: jjbucci  Read Replies (1) | Respond to of 1286
 
bill_Schicht,

This paragraph from the company's form 10 filing may explain the problem that you had.

ASW Logistics, Inc. ("ASW") served as the Company's storage, shipment,
packaging and credit card processing center. It served the Company in this
capacity since 1997. Under an agreement dated October 1997 and revised April
1998, the Company had available to it 2,500 square feet of storage for
palletized product, as well as 750 square feet of work area for labeling and
shipping preparation. As revised, the cost of this facility was a minimum weekly
payment in the amount of $175 with a handling charge of $1.70 for each basic
unit Backstroke(TM) shipped plus a handling charge of $1.50 for each upsell
item. ASW received an order information from telemarketing phone centers via
electronic download, processed the order through a credit card processing center
and, if the card was approved, shipped the product using United Parcel Service.
This contract was discontinued as of July 1, 1999. Sare Plastics, Inc. ("Sare")
now serves as the Company's fulfillment house.

You may want to contact Sare Plastics to get this resolved.

This is not an excuse... This should have been handled better.

jjbucci