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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?


To: Roy F who wrote (5062)9/11/2002 4:13:16 PM
From: StockDung  Respond to of 6847
 
SHAWN HACKMAN SUSPENDED FROM PRACTICING BEFORE THE COMMISSION AS AN ATTORNEY

The Commission has issued an Order of Suspension against Shawn F.
Hackman of Las Vegas, Nevada, suspending him forthwith from appearing or
practicing before the Commission based on his disbarment by the Supreme
Court of Nevada. In taking its action against Hackman, the Court found
that Hackman had misappropriated over $700,000 in client funds at a time
when he was ostensibly cooperating with bar counsel concerning
allegations by other clients that Hackman had misappropriated their
funds as well.

Hackman is currently a defendant in SEC v. Kanakaris Communications,
Inc. In that action, the Commission has alleged that Hackman violated
Section 17(a) of the Securities Act of 1933 and Section 10(b) of the
Securities Exchange Act of 1934 and Rule 10b-5 thereunder by: (1)
preparing a false offering memorandum for Kanakaris; (2) selling
Kanakaris stock using the offering memorandum; (3) collecting and
distributing the proceeds of those sales while retaining $333,645 of
those funds for his own use; and (4) without authorization from
Kanakaris, preparing and filing a materially misleading registration
statement with the Commission. The Commission is seeking a permanent
injunction, disgorgement and civil penalties against Hackman. (Rel. 34-
46478; File No. 3-10887)



To: Roy F who wrote (5062)9/12/2002 4:04:31 PM
From: StockDung  Read Replies (1) | Respond to of 6847
 
..SEC suspends disbarred Mitton lawyer Hackman

2002-09-12 11:19 PT - Street Wire

by Brent Mudry

Las Vegas penny stock lawyer Shawn F. Hackman, whose career highlights include writing bogus share opinion letters for notorious Canadian career fraudster Michael Mitton's H & R Enterprises, has been suspended by the United States Securities and Exchange Commission. The SEC suspension, handled by the regulator's Salt Lake City office and announced Wednesday, is based on Mr. Hackman's disbarment by the Supreme Court of Nevada.

Mr. Hackman is the third Las Vegas-linked penny stock attorney in the past 11 months to destroy his career related to dubious penny stock dealings on Howe Street, the centre of dealings for the former Vancouver Stock Exchange. Herbert Jacobi of New York, who helped Mr. Mitton wire illicit proceeds to Panama in the H & R rig job, pleaded guilty last October to buying stolen FBI records for Mafia-linked client Robert Potter. In an unrelated case, Max C. Tanner of Las Vegas was convicted by a federal jury last November of securities fraud conspiracy and money laundering, stemming from his offshore trading through controversial Vancouver brokerage Pacific International Securities in the Maid Aide boiler room penny stock rig job in 1998 and 1999.

While staff with the Nevada State Bar were unable to immediately confirm or comment on Mr. Hackman's plight, records with the Supreme Court of Nevada show the dirty Las Vegas lawyer was ordered disbarred on April 3. Mr. Hackman had been temporarily suspended by the state court on Dec. 4, 2001, on the request of the state bar's Southern Nevada Disciplinary Board.

Mr. Hackman was disbarred for misappropriating more than $700,000 in client funds at a time when he was ostensibly co-operating with state bar counsel regarding other client complaints of misappropriation. (All figures are in U.S. dollars.) "We conclude that the documents before us demonstrate that Hackman poses a substantial threat of serious harm, and that his immediate temporary suspension is warranted," stated the court in its initial order.

Mr. Hackman was a key professional in the H & R debacle. (The Mitton ring's fraudulent OTC Bulletin Board promotion of H & R caused the collapse of a small upstate New York brokerage, Saperston Financial, in September, 1997, and left the clearing house unit of global mutual fund giant Fidelity Management, National Financial Services, with a $9.6-million loss.)

"Hackman was a primary participant in the manipulation scheme and facilitated the manipulation by arranging for the manipulators to reap huge profits from their scheme," stated National Financial lawsuit filed U.S. District Court for the Southern District of Florida in September, 1997, and amended a year later.

The Fidelity unit alleged that Mr. Hackman, who had served as H & R's counsel, prepared and provided false opinion letters to help the Mitton ring clear large issuances of H & R shares in July and August, 1997. "Hackman falsely opined that the shares ... which were newly issued to the manipulators so they could sell them into the manipulated market, were exempt from registration under the United States' federal securities laws and could be issued by a transfer agent without a restrictive legend," stated National Financial.

Barely a month after the last Hackman-assisted share issuance, and with an additional two million H & R subsequently issued to Mr. Mitton's associates, H & R shares peaked and collapsed, taking Saperston, the unfortunate New York brokerage, under with it.

While these H & R fraud allegations date back four or five years, Nevada's bar took no disciplinary action, or at least no serious action, against Mr. Hackman. (Numerous new revelations about the H & R fiasco are expected when the British Columbia Securities Commission starts a hearing on the matter. A scheduling update is set for Dec. 2, with Mr. Mitton and Canaccord Capital broker Brad Scharfe as star local defendants.)

Instead, the state bar tackled Mr. Hackman amid a criminal investigation for misappropriation of client funds several years after H & R. Documents filed in court by the bar itself confirm it had serious concerns about Mr. Hackman dating back to at least August, 1999, 14 months before he met his latest alleged victim, who is now at least $700,000 poorer.



To: Roy F who wrote (5062)9/14/2002 2:43:51 PM
From: StockDung  Respond to of 6847
 
Xybernaut, a regular fountain of "Youth". Notice the address 2224 main street which happens to also be criminal and conman Regis Possino's address. They same address these two crooks promoted XYBR from. Did Bergman get bribed to write the Xybernaut report? Or was it just a freebie? Soon all will know!!

YLNE - YOUTHLINE USA INC
Last Price: 0.001
Change: Unchanged (0.00%)
Previous Close: 0.001 on 9/5
------------------------------------------------

Access1Financial issues research report on YouthLine USA, Inc

*****************************************************
See Yahoo Finance Links

biz.yahoo.com
biz.yahoo.com
biz.yahoo.com

*******************************************************

Youthline USA, an Internet company, began trading in the public
markets August 9, 1999. Youthline's corporate focus is to continue
perfecting an education/entertainment medium that is both safe
and friendly to children. Unlike most Internet companies,
Youthline's business model actually includes strong revenues
and profits!! Through Internet and the Company's Magazine, -
Youthline USA, this public company is on track and is strongly
positioned to become the pre-eminent education provider to schools,
libraries and to responsible parents.

In this fast pace Internet era, no company can succeed without Tier-i
management running a company; this is one of the many areas; where Youthline
really shines. The Company's CEO, Neal Tomblyn is a well-known personality in
the Internet World. Tomblyn has held senior positions at Reuters-TCI, Xerox,
and Bell Atlantic. One of the most significant credits to his 20+ year career
was the launch of Yahooligans! for Yahoo (Symbol: YHOO), their
children's-destination stop. This very accomplishment makes Tomblyn's status
as CEO and the leader in heading up this rapidly growing Internet education
company a definite success' Youthline also has many other uniquely qualified
and well known Senior Management, some of which has been mentioned in
Youthline's recent press releases.

Hot Properties

The Youthline USA magazine was launched with a paid circulation of less
10,000 subscribers. Today, it exceeds 125,000 and management expects that
number to reach 500,000 paid circ. within the next several months! To put
this into perspective, Sports Illustrated for Kids, at present, has only
125,000 (approx.) in paid circulation! In addition to the explosive
circulation growth rate of their magazine, Youthline has just announced a
transaction to acquire a 20% interest in Dinozine, a bi-monthly children's
magazine with an expected base rate of 100,000 subscription costs to be
$16.95 for a year's subscription. Thru this acquisition, Youthline USA is in
a position to be considered the #1 children's media property in the country
that may can the acceptance of departments of education across the nation.
The intrinsic value of these two combined companies is difficult to evaluate,
however, on a conservative evaluation, fully matured, based on subscription
comparables, they should be!
worth over $100,000,000!

Youthline also just announced the acquisition of Ingenius,
an Internet subsidiary of Liberty media, a TCI-Reuters company.
In spite of investing a rumored multi-million dollar number
to develop, Ingenius remained a non-core asset for Reuters
compelling them divest themselves of this property and sell
it off to Youthline. This windfall for Youthline enables
the company to offer a truly unique and proprietary Internet
property that rates/grades and controls Internet content
making it SAFE FOR KIDS!! Furthermore, It offers curriculum
based lesson plan; for distance learning - a hot sector
in its own right! , and a communication venue between parents-
teachers and children. Youthline will be offering this medium
to schools and libraries nationwide, - immediately addressing
the critical need to create safe, non-harmful Internet access
to children and students all over the country.

Youthline has also announced the acquisition of Lessonstop.com,
a web site for teachers who are pressed for time and need quality
and innovative ideas for classroom activities, with links
to over 500 other lessons plan sites on the net. Lessonstop.com
a business-to-business operating model presently has over 2900
education professional subscribers with over 200 additional
professionals subscribing each month.

Now, let's talk stock price. Youthline (Symbol OTC; YLNE)
is only trading in the $9.00 - 10.00 range. At a present rate
of over $6,000,000 in revenues, combined with Youthline's fast
track growth rate, pro-forma 24mo. projections of revenues
in excess of $100,000,000, there is a compelling reason
to expect significant price appreciation of the stock price.
On a valuation basis at these current levels, using industry
common Wall Street valuation formulas of 10-15 x Revenues,
this Stock could easily justify trading in excess of $50.00
per share - right now!! While we don't expect that immediately,
Youthline is on track to get there sooner rather than later!

Following is a copy of report from Accesses Financial:

Acces1 Financial

2224 Main St., Santa Monica, CA 90405


YOUTHLINE USA (YLNE) Buy

Mark Bergman, Dir. Global Equities Research (310) 581-7997 Price: $9.688

Chris Djernaes, Associate Analyst Oct. 7, 1999

Market Cap (Mil) 96.9M 52 week range $7.50 - 10.25

Shares Out (Mil) 9.9M Avg. Vol. 3 mos. 19,826

Recommendation

The Company believes it is the only interactive multimedia;
multi-product firm focused on the K-12 market with a combination
of content, programming and distribution for both print and
Internet media. The competition is highly fragmented and
polarized between large distributors and small content producers.
Circulation for the newspaper is currently 125,000 and is expected
to reach 250,000 by the end of the year. Total subscriptions
for all media channels are expected surpass 1 million for FY 2000.
Revenues from all sources are expected to grow from $3.9 million
to $20 million over the next 15 mos.
The company has acquired Doodlebug Online, Inc., Lesson Stop,
and Ingenius in the last 3 mos. adding content, programming
and distribution capabilities. Joint ventures with large content
and distribution partners are expected to create important
online links synergy across the YOUTHLINE platform.
The current valuation doesn't account for the expanding revenue
streams from each of the new acquisitions or the incremental
revenue generated through cross-market advertising and promotion.
The Company believes it can leverage its operational
infrastructure to gain market share, brand identity and increase
shareholder value.
We highly recommend purchase of its shares for intermediate and
long-term accumulation. Our 6- and 12- month price targets
are $15.00 and $20 per share.

Access1 Financial, All rights reserved.

We are not a broker dealer, and this report is not to be construed
as a solicitation to buy or sell any securities in any jurisdiction
where such an offer or solicitation would be illegal or inappropriate.
The material is based upon information that we consider reliable
but we do not guarantee that it is accurate or complete, and
it should not be relied upon as such. Opinions expressed are
current opinions as of the date appearing on this material only.
While we endeavor to update material on a reasonable basis,
we are not obligated to do so and there may be regulatory,
compliance or other reasons that prevent us from doing so.
Our officers, directors and employees, including persons
involved in the preparation or issuance of this material
may from time to time, have long or short positions in, and
may buy or sell the securities or the derivatives (including options)
of companies mentioned herein.

The Company

YOUTHLINE USA, Inc. (YL), is a leader in providing value-added
educational content and interactive multimedia entertainment
products and services for children, parents, educators, schools
and libraries. It is currently focusing its efforts through
two divisions: the print and the Internet. The firm's rapid
intrinsic growth is accelerating due to its recent acquisitions.
Ingenius gives YL a database and 5 year of historical events,
and interactive programs for kids K-12 tying news clips from
video, audio, pictures, etc to the classroom. Doodlebug Online,
Inc. (DBO), provides YL with an integrated software solution
and server offering its subscribers safe access to the Internet
through its browser and search engine. Lesson Stop offers
YL access to teachers and parents through its website which
enables communications between teachers, students and parents
while acting as a portal linking over 500 curriculum sites
specifically for teachers.

The YL multi-media, education platform is quickly leveraging
content and programming with distribution.

Competition

The Company believes no single competitor has focused on the
K-12 market with the same combination of content and distribution
for both print and Internet media. The Company feels that
its competition is highly fragmented and polarized between
the handful of large, content hungry distributors such as AOL,
The Learning Company (a division of Mattel) and Scholastic,
and myriad small companies with niche services and products.
The YL newspaper, for example, competes with Scholastic,
the Weekly Reader and NIEs (newspapers in education or
divisions of major Newspapers), and at the same time it faces
myriad smaller content poor school papers. Doodlebug Online
competes with filter agents such as NetNanny, Cyber Patrol
and Internet Services such as AOL, Surf Monkey and MSN.
The Lesson Stop faces competition from large companies such
as The Learning Company (owned by Mattel) and many smaller
fragmented websites. The Magazine Dinozine has no direct
competitors but magazines such as Rang!
er Rick and other online magazines compete indirectly.

In any case, YL believes that its ability to produce and
systematically archive content gives the company a unique
advantage as a potential strategic partner to the larger
firms that currently dominate distribution. It also sees
the smaller firms with synergistic value as acquisition
targets incorporating them into one larger organization.
The Company believes it can leverage its operational
infrastructure to provide content, distribution to create
strong market share, brand identity and shareholder value.

Value-Added Content

Education is $300 billion a year industry struggling to
incorporate the vast content rich resources of the Internet
while maintaining safe and secure access for students.
Recognizing the opportunity, YL has sought to acquire content
with which 1) teachers can build and share lesson plans,
2) students can include in their assignments, and
3) Libraries can access and distribute without building
costly facilities.

YOUTHLINE (youthline-usa.com) is the only national weekly
newspaper for children ages 8-13 years. The paper is a full
color, 16-page weekly publication covering topics such
as current events, sports, personal interest, art & entertainment,
politics, etc. The newspaper is designed to bring children closer
together culturally, and introduce them to children of different
cultures and ethnicity around the world. Drawing from traditional
sources such as the Associated Press and Reuters News Agency,
YL tailors the material to readers' age and reading level.

Ingenius, is an important new dimension for the YL platform.
Ingenius has over 40 trademark characters, 40 mini games
through which data and content can be plugged into games
to reinforce lessons, and access to over 1,560 archived
news stories that can be integrated into lesson plans and
student reports. It also has award-winning programs for the
K-12 education market. "What on Earth?" is an interactive
current events program with hotlinks to vocabulary words,
video and audio clips, photographs and more in depth information.
"Ask ANDIE" is an interactive research and learning website
that includes stock tracking and monitoring service
for education in personal finance. JAMZ is a topical-based,
multimedia chat service for kids. These innovative programs
encourage kids to learn in a more comprehensive way.

Distribution

The YL nationally distributed newspaper is intended to be
interactive through articles introducing suitable websites
and encouraging people to meet at YL's website through email
and chartrooms. The website offers services for home and school
uses that compliment the YL newspaper and other media while
creating synergy for teachers and students seeking to expand
the academic experience.

YOUTHLINE is also in the late stages of planning to launch Dinozine,
a magazine for kids 6-12 years, in association with Dinomation
International Corp., an Irvine, CA, manufacturer of animated
robotic dinosaurs used in museums, zoos, etc. The bi-weekly
magazine is designed to be an entertaining, educational, and
interactive and will be distributed nationally by Curtis
Circulation Company, the nations largest. YL also plans
to create characters for spin-off entertainment ventures
such as videos, cartoons, and magazines that would promote
reading and learning in a fun way for children K-12.

YOUTHLINE is strongly committed to providing safe interactive
access to the Internet and multi-channel distribution for
educational value-added content. YL has positioned DBO as an
Internet service company that provides parents and educators
with the tools allowing children to explore and interact
on the Internet safely and securely. The goal is to make
the Internet a productive and entertaining experience through
two services: Doodlebug, aimed at children 3-12, and another
(named to be determined) aimed at teens 13-17. The DBO uses
profiling software to determine how each student accesses
and utilizes the Internet and simultaneously track activity
for content rating and ranking purposes. DBO's school/library
service allows schools to offer safe and secure Internet access,
and encourages communications between children, parents and teachers.

Finally, YL recently acquired the Lesson Stop website
(lessonstop.org) that is both a web stop and a biweekly
newsletter for teachers. The site gives K-12 teachers seeking
content and classroom activities through links with over
500 lesson plan sites based on national standards. The site
also allows teachers to communicate through bulletin boards
and chartrooms services. Teachers will be encouraged to develop
curriculum activities around the integrated content from the
YL newspaper, Dinozine magazine, Ingenius archives and the
DBO vehicles, creating important cross-channel demand.

Acquisitions

The Company plans to grow quickly by acquisition issuing stock
and cash for synergistic, small companies that compliment the
core strategy of keeping the print and the Internet divisions
growing and expanding. These small companies typically have
strong relationships or technologies, but are struggling to
raise capital as independent entities. YL hopes to acquire
companies with "off-the-shelf" products or services that
compliment its core growth strategy and integrate technology,
distribution, advertising, and e-commerce capabilities together
in a comprehensive alliance.

Finally, YL hopes to complete acquisition of InnovEd.net,
a one-stop shopping site for educators to browse product
offerings available to them and their institutions from vendors
seeking to sell online to the education marketplace. InnovEd.net
is a sister company of yellowpages.com and expects to leverage
the relationship to become the leading directory of the global
e-commerce gateway for education.

Reasons to Invest

Market Share:

The Company is the only cross channel value-added content
provider and distributor with no direct competition.
Newspaper subscriptions are running ahead of targets and
are expected to reach 250,000 for FY 1999 and increasing
to 500,000 -1 million for FY 2000. Dinozine magazine is
expected to have 50,000 subscribers in year one and increase
to 600,000 in subsequent years. The Websites have over
10,000 subscribers and are adding 500 per month while experiencing
500,000 first time hits per month. New advertising campaigns
in widely circulated women's and family magazines, television, etc.,
and distribution relationships with several of the nations
largest distribution firms will create increasing brand
identity and cross-channel demand for the paper, the magazine,
and the Internet websites and services. There are other
competitors with specific niches, but none are able to
build subscriptions bases around one or more integrated,
YL theme vehicles.

Management:

The Company has an experienced marketing and management team
has demonstrated its abilities to create and grow profitable media
companies for specific niche markets. For example, Chairman and CEO,
Neal Tomblyn, has an illustrative career in multimedia co-founding
educational ventures such as Bell Atlantic's "Project Explore"
a multilateral effort to network school, teachers, parents
and students to create a comprehensive learning and communications
environment. He also served as President and CEO of Ingenius,
a joint venture between Reuters and TCI in educational programming;
he is credited with integrating distribution of Ingenius through
cable, Internet and Digital Broadcast Satellite channels.

Valuation

The Company expects to be cash flow positive by year-end 1999,
and move strongly into the black for FY 2000. Revenues from
newspaper and Internet subscriptions should be complimented
by the launch of the new Dinozine magazine that is expected
to generate 1/3 of the firm's total revenues for FY 2001.
The synergistic, cross-channel platform is very appealing
to potential advertisers as they can clearly target market
segments. It is expected that national advertisers, sponsorships
from professional sports teams and products (e.g., Nike),
and grants from Educational Express (a non-profit organization
designed to support the paper) will all contribute significantly
to the firm's top and bottom-line growth with lower marginal
operating costs. Importantly, the diversified revenue streams
decrease the business risk and stock valuation as investors
are not dependent on the success of any one unit.

It is nearly impossible to compare the Company at this early
stage with other small firms as they are generally privately
held or don't have the comprehensive capabilities of content
and distribution across print and Internet media. Similarly,
it is difficult to compare the firm to the larger distributors
as they are - according to the firm - more likely to be
potential strategic partners than competitors. However, looking
at the pro forma forecast for the consolidated statements,
the Company appears poised to grow its top and bottom lines
substantially over the next several years. We therefore recommend
purchase of its shares for the appropriate investor
with 6- and 12- month price targets of $15.00 and $20 per
share respectively.
=============================

ACCESS 1 FINANCIAL, INC

*** FOR INFORMATIONAL PURPOSES ONLY ***
Copyright 1999-2001 LexisNexis
a division of Reed Elsevier Inc. All rights reserved.

BUSINESS SUMMARY REPORT

ACCESS 1 FINANCIAL, INC
6100 Neil Rd Ste 500
Reno, NV 89511-1149
County/FIPS: Washoe

Addresses Associated Entities Bankruptcy Judgments
Licenses Liens Names Other Property
Profile Info Real Property Sources Telephone

Name Variation(s)/DBA(s):
ACCESS 1 FINANCIAL, INC Source Document(s)

Address Variation(s):
* * * ORIGINAL * * * 6100 Neil Road #500, Reno, NV 89511
Source Document(s)

* * * POSTAL STANDARD * * *
6100 Neil Rd Ste 500 , Reno, NV 89511-1149
County/FIPS: Washoe
MSA: Reno, NV - 6720
PROFILE INFORMATION

Name: ACCESS 1 FINANCIAL, INC
State of Incorporation: NV
Incorporation No: 23887-1999
Duration: PERPETUAL
Status: REVOKED 06/01/2001
Type: REGULAR(DOMESTIC PROFIT)
Source Document(s)

Executive(s):
CHRIS DJERNAES, SECRETARY
CHRIS DJERNAES, TREASURER
MARK BERGMAN, PRESIDENT
Source Document(s)

Registered Agent(s):
CORPORATION TRUST COMPANY OF NEVADA STATUS: RESIGNED 01/18/2001
6100 NEIL ROAD #500 RENO, NV 89511
Source Document(s)

Company ID Numbers:
State ID(s): NV, 23887-1999 Source Document(s)

Roles and Occurrences in Data:
Creditor: 0
Debtor: 0
Bankruptcy Petitioner: 0
Other Bankruptcy Party: 0
Judgment: 0
Registered Agent: 0
Name Variation(s): 1
Real Property Owner: 0
Aircraft Owner: 0
Motor Vehicle Owner: 0
Boat Owner: 0
FID Holder: 0

ASSOCIATED ENTITIES

CORPORATE FINANCIAL ENTERPRISES
2224 Main St
Santa Monica, CA 90405-2218
Source Document(s)


CORPORATION TRUST COMPANY OF NEVADA
6100 Neil Rd Ste 500
Reno, NV 89511-1149
Source Document(s)

Bergman, Mark
2224 Main St
Santa Monica, CA 90405-2218
Source Document(s)


Djernaes, Chris
2224 Main St
Santa Monica, CA 90405-2218
Source Document(s)

SOURCES

All Original Sources

NV Secretary of State Corporation Information 1 Source Document(s)

Load Date: 07/04/2002




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