CRIMINAL PHILLIPPE HABABOU WEBSITE REVEALS INSIDETRUTH PREVIOUSLY EXPOSED COMPANY Burrard Technologies, Inc A/K/A BLUE Industries Inc AS CLIENT AS WELL AS l-air (otc bb lair). SLOPPY WORK INSIDETRUTH. LOL Contact: Moe Fuelondefia Title: Security Specialist
January 16, 2002
Attention All Business Editors: Insidetruth.com initiates Burrard Technologies, Inc. (OTCBB: BTGS), with an Immediate Sell / Sell Short Recommendation @ 2.25
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All of the material contained herein has been prepared by Universal Capital Partners or one of its affiliates, based on information supplied by the client or other sources believed to be reliable. This information is not guaranteed to be accurate. The companies' actual results could differ materially from those described in any forward-looking statements contained herein. All material is provided for information purposes only. Universal Capital Partners has been retained by all of the clients listed herein for dissemination of news on the companies' behalf. Universal Capital Partners's affiliates, officers, directors and employees may have also bought, or may buy the shares discussed in this report and may profit in the event these shares rise in value. Universal Capital Partners intends to sell these shares should a rise occur.
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Universal Capital Partner Corp (UNIVERSAL-CAP-DOM)
130 King St W, S 3670
North York
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Domain Name: UNIVERSAL-CAP.COM
Administrative Contact, Technical Contact:
Solomon, Philippe (YXKGLAEBSI) info@UNIVERSAL-CAP.COM
Universal Capital Partner Corp
130 King St W, S 3670
North York, Ontario M9N 1L5
CA
416-863-0101 999-999-9999
Record expires on 09-Jan-2004.
Record created on 09-Jan-2002.
Database last updated on 25-Apr-2003 20:37:52 EDT.
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=====================================
January 16, 2002
Attention All Business Editors: Insidetruth.com initiates Burrard Technologies, Inc. (OTCBB: BTGS), with an Immediate Sell / Sell Short Recommendation @ 2.25
NOTE TO EDITORS: The following is an investment opinion issued by InsideTruth.com
San Diego, CA * January 16, 2002 InsideTruth.com initiates coverage on Burrard Technologies, Inc. (OTCBB:BTGS), with a STRONG SELL rating and a price target of 0.01 pennies in next 6 to 9 months.
COMPANY DESCRIPTION:
Burrard Technologies, Inc. develops and markets Internet domain name registration services. The Company is developing a computer software program that translates domain names from Chinese into English and will automate the domain name registration process.
FINANCIAL DATA & STATS:
Shares Outstanding : 17.19 million
52 Week High/Low : $ 2.75 / $ 0.65
Closing price today: $ 2.20
Market Cap: $ 37.8 million !
Gross Revenue ( since inception ) FY : Nada
Cash / cash per share: (Ummmm... All of em?) 46 bucks *
* Per 10-Q Nov 19, 2001 as of Sept 30, 2001
sec.gov
OVERVIEW :
Also from the Form 10Q filed 11/19/2001: BURRARD TECHNOLOGIES (OTCBB: BTGS)
Plan of Operations
Our plan of operations for the twelve months following the quarter ended September 30, 2001 is to complete the following objectives within the time period specified, subject to our obtaining financing for the development and marketing of our International Reg portal web site:
· Complete the development of the Chinese language domain name registration software;
· Complete the development of the International Reg Internet web portal site;
· Complete the development of our network operations and our Internet services provider infrastructure;
· Commence marketing of our International Reg domain name registration services;
· Hire additional employees and engage third party consultants to enable us to complete development of our business plan.
The balance sheet shows $46 in cash as the only asset and two liabilities payable of $47,151 and an amount due a "related party" another $42,607, for a total of $89,758.
The Profit and Loss statement shows no income and expenses of $8239. These expenses are related to management fees, rent for the office (or that part of the office or filing cabinet occupied by Burrard Technologies) and professional fees.
"During the three-month period the Company has incurred rent and office services in the amount of $3,000 ($9,000 for six months - see Note 3). These services are provided to the Company, by the President of the Company, on a month to month basis at $1,000 per month and can be terminated by the Company without notice. "
Given the fact that no apparent progress has been made toward their stated business objectives and as evidenced by recent events, a logical conclusion can be drawn that Burrard Technologies, Inc. was created singularly in order to bring the stock public so that a reverse acquisition could be subsequently accomplished.
Following a 3 for 1 forward split of the common stock, there are currently 17,187,000 shares outstanding with William Robertson and his partner Nick Sirsiris owning 3,750,000 shares each. The balance was originally owned by the following shareholders with a cost basis (post split) of $.033.
Note that the numbers represented below are pre-split numbers.
MARCELA KAM 270,000 270,000 NIL NIL
Casilla 997,
Correo La Serena, Chile
ROBERT ROSNER 265,000 265,000 NIL NIL
349 W. Georgia St. #3362,
Vancouver, BC V6G 3Y3
FRANCOIS MACKAY 250,000 250,000 NIL NIL
73 Water Street #400,
Vancouver, BC V6G 1A1
BARB ST. ELOI 270,000 270,000 NIL NIL
11725 - 84 Avenue
North Delta, BC
V4C 2M2
WILLIAM CHANG 270,000 270,000 NIL NIL
4275 Lancelot Drive
Richmond, BC
V7C 4S4
LAURENCE SOOKOCHOFF 265,000 265,000 NIL NIL
#4463 West 1st Avenue
Vancouver, BC V6R 4H9
WALLY BOGUSKI 250,000 250,000 NIL NIL
Suite 1001,
543 Granville Street
Vancouver, BC V6C 1X8
GEORGE DELMAS 235,000 235,000 NIL NIL
Suite 510,
910 Burrard Street
Vancouver, BC V6C 3A8
KENNETH R. TANGEN 230,000 230,000 NIL NIL
15156 Buena Vista Avenue
White Rock, BC V4B 1Y3
MARK TODOROVIC 235,000 235,000 NIL NIL
3245 East 16th Avenue
Vancouver, BC V5M 2M8
LANCE MORGINN 215,000 215,000 NIL NIL
P.O. Box 18008
2225 West 41st Avenue
Vancouver, BC V6M 4L3
SCOTT A. YOUNG 245,000 245,000 NIL NIL
2816 Bellevue Avenue
Vancouver, BC V7Y 1E8
ABBEY INVESTMENT 1,000 1,000 NIL NIL
MANAGEMENT LTD.
P.O. Box 2973,
#11 Old Parham Road
St. Johns, Antigua (Beneficial Owner: Ian Woods)
JEANETTE AU 7,000 7,000 NIL NIL
#7 - 11511 Cambie Road
Richmond, BC
MARSHALL BERTRAM 10,000 10,000 NIL NIL
15652 Aster Road
Surrey, BC V4A 1Y5
JASON BUCK 10,000 10,000 NIL NIL
145 West 44th Avenue
Vancouver, BC V5Y 2V3
JORDAN BUCK 12,500 12,500 NIL NIL
11671 Astec Street
Richmond, BC V6X 1H9
PAMELA BUCK 12,000 12,000 NIL NIL
11671 Astec Street
Richmond, BC V6X 1H9
FERNANDO CATALA 9,500 9,500 NIL NIL
#410 - 1850 Eighth Avenue
Vancouver, BC
JAYE GAZELEY 1,000 1,000 NIL NIL
C-3, 238 East 10th Avenue
Vancouver, BC V5T 1Z5
INVERSIONES MARQUIS 15,000 15,000 NIL NIL
DEL OESTE S.A.
75 Meters Oeste Villas
Cariari Pasa Numero 1
Belem Heredia, Costa Rica
Beneficial Owner:
Jose Pablo Flores Barahona
MICHAEL IVERSON 500 500 NIL NIL
24549 53rd Avenue
Langley, BC
STEFANIE LATSOS 1,000 1,000 NIL NIL
C-3, 238 East 10th Avenue
Vancouver, BC V5T 1Z5
JAMES LI 10,000 10,000 NIL NIL
3498 Falaise Avenue
Vancouver, BC V5M 4C1
GARY LO 15,000 15,000 NIL NIL
1868 West 61st Avenue
Vancouver, BC V6P 2C4
MONA LO 12,000 12,000 NIL NIL
3232 East 49th Avenue
Vancouver, BC V5S 1C3
DIANA LUI 10,000 10,000 NIL NIL
3402 Amberly Place
Vancouver, BC
JODY MORITA 10,000 10,000 NIL NIL
145 West 44th Avenue
Vancouver, BC V5Y 2V3
SUSAN MORITA 14,000 14,000 NIL NIL
145 West 44th Avenue
Vancouver, BC V5Y 2V3
DON ROGELSTAD 9,000 9,000 NIL NIL
1006 Ogden Street
Coquitlam, BC V3C 3P1
NADELAY ROGELSTAD 7,500 7,500 NIL NIL
1006 Ogden Street
Coquitlam, BC V3C 3P1
GRAEME ROWLAND 9,000 9,000 NIL NIL
Box 2, 416 Avenue
Bruguann, 1180 Uccle
Bruxelles, Belgium
DAWN SAXON 500 500 NIL NIL
#26, 3295 Sunnyside Road
Anmore, BC V3H 4Z4
GEOFFREY SAXON 1,000 1,000 NIL NIL
#26, 3295 Sunnyside Road
Anmore, BC V3H 4Z4
MICHAEL SOLONIUK 15,000 15,000 NIL NIL
3248 Adanac Street
Vancouver, BC V5K 2P1
MELANIE STOKES 7,000 7,000 NIL NIL
#216 - 1220 Falcon Drive
Port Coquitlam, BC V3E 2E5
THOMAS STOKES 15,000 15,000 NIL NIL
#216 - 1220 Falcon Drive
Port Coquitlam, BC V3E 2E5
GINO VARNIER 1,000 1,000 NIL NIL
5470 Meadfeild Lane
West Vancouver, BC V7W 3G3
SANDRA VARNIER 1,000 1,000 NIL NIL
5470 Meadfeild Lane
West Vancouver, BC V7W 3G3
HERB C. WONG 12,500 12,500 NIL NIL
3401 Amberley Place
Vancouver, BC
THE PRINCIPALS
This is not the first public venture for Mr. Robertson and Mr. Sirsiris. According to their resumes in the SB2 they joined up to create Knoway Ventures, Inc. (From the SB2)
"Mr. William Robertson is our president and chief executive officer and is a member of our board of directors. Mr. Robertson was appointed to our board of directors on April 5, 2000. Mr. Robertson was appointed as our president on April 5, 2000. Mr. Robertson was an investment advisor with Canaccord Capital of Vancouver, British Columbia from May 1993 to November 1997. Mr. Roberston was an investment advisor with Southwest Securities from November 1997 to November 1998. Mr. Robertson has been engaged in providing financial consulting services to private and public companies since December 1998 through his private company, Billco Trading Co. Ltd. Mr. Robertson is a director and the president and secretary of Knoway Ventures Inc., a company formerly traded on the OTC Bulletin Board. Mr. Robertson joined Knoway Ventures in March 2000.
Mr. Nick Sirsiris is our secretary, treasurer and chief financial officer and is a director of the Company. Mr. Sirsiris was appointed to our board of directors on April 5, 2000. Mr. Sirsiris was appointed as our secretary, treasurer and chief financial officer on April 5, 2000. Mr. Sirsiris is a self-employed entrepreneur and businessman. Mr. Sirsiris was the sole proprietor of the Delphi Restaurant in Vancouver,Canada from 1974 to July 1998. Mr. Sirsiris has been a self-employed business consultant since August 1998. Mr. Sirsiris is presently a director of Knoway Ventures, Inc., a company that is publicly traded on the National Quotation Bureau pink sheet market. Knoway Ventures is involved in the development of proprietary secured transaction technology for Internet electronic commerce transactions. Mr. Sirsiris has been a director of Knoway Ventures since December 1999. "
It is noteworthy that Mr. Robertson was a stockbroker with Vancouver brokerage houses for at least 5 ½ years prior to beginning this venture and Mr. Sirsiris owned a restaurant for 24 years in Vancouver.
Knoway Ventures was also a shell company that acquired a company. Subsequent to the reverse acquisition, Knoway Ventures fell from the Bulletin Board onto the Pink Sheets then quit trading altogether.
Knoway acquired Inexsis Inc. and ASDI of Seattle, Washington
businesswire.com
Here are the web sites for these companies:
epageone.com
inexsis.com
More information on these companies:
ASDI (EPAGEONE2-DOM)
225-13500 MAYCREST WAY
RICHMOND, BC V6V 2N8
CANADA
Brent-Bater, Jamie (BJ1032-ORG) jamie@CBI.BC.CA
ASDI
225-13500 Maycrest Way
Richmond, BC V6V 2N8
CANADA
604-270-6825
Fax- 604-270-0134
Conversations with Jamie Brent-Bater reveals that the companies never actually merged with Knoway Ventures. They canceled the merger when Knoway failed to meet any of its obligations. It was further learned that the company has received numerous calls from France and Switzerland among others looking for the principals regarding money or stock owed them. We suggest you contact Jamie or preferably his boss James Bohdi for more particulars regarding this failed merger.
THE ACQUISITION TARGET
(Please note the press release states its location as Las Vegas yet there is no Burrard Technologies in Las Vegas.)
biz.yahoo.com
LAS VEGAS--(BUSINESS WIRE)--Nov. 18, 2001--BURRARD TECHNOLOGIES, INC. (the "Company")(OTCBB:BTGS - news) announces that it has reached an agreement in principal to acquire 100% of the issued and outstanding shares of Technocall SA in consideration of the issuance of 7.6 million restricted shares of the Company’s common stock. The acquisition is subject to the completion of a definitive acquisition agreement and customary due diligence that are anticipated to be concluded in the next few days.
Technocall SA is a Swiss company incorporated in 1992 whose primary business is research and development of electronic devices. It has developed and manufactured a smart chip designed to manage and control water treatment systems called the e-BI. (Electronic Intelligent Management Module). This proprietary technology is currently in use in water treatment systems around the world by a European water treatment company.
The Company intends to hold a shareholder’s meeting to approve a change of its corporate name to "Blue Industries, Inc." in connection with the acquisition of Technocall SA and to approve other corporate matters. The Company encourages all shareholders to register their shares in order that shareholders can receive timely information regarding the meeting.
A second press release was published regarding Technocall and Cartis (Pink Sheets CART)
pinksheets.com
$62 Million Agreement Between CARTIS and Technocall SA
PALM BEACH, Fla., Nov 23, 2001 (BUSINESS WIRE) -- CARTIS Inc.(The Company) (CART) is pleased to announce that it has reached an agreement for technical cooperation with Technocall SA estimated at USD 62 million. This agreement reached on September 28th 2001, and confirmed today, will ensure CARTIS revenues of USD 17 million and Technocall revenues of USD 45 million over a period of 5 years. It is estimated that the Company will reach revenues of USD 10 million in 2002 with a net profit of USD 4 million. Technocall SA, which is in the process of being acquired by Burrard Technologies,Inc. (BTGS) , supplies Cartis with its "e-BI" (Electronic Intelligent Management Module) smart chip technology, necessary for the management of all water treatments.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1955: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations ,beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward- looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
CONTACT: CARTIS Inc., Palm Beach
Fernand Leloroux, 011 33 4 50 66 98 61
We cannot proceed without a close look at this last press release for herein lies a most interesting financial arrangement. The math just does not compute!! According to the release Technocall "supplies Cartis with its "e-BI" (Electronic Intelligent Management Module) smart chip technology, necessary for the management of all water treatments". This means that this d-BI chip is included in all or some of Cartis’ models. Accordingly, it would be financially irrational to think that Technocall would gross $45 Million selling Cartis electronic componants to put into machines that Cartis would subsequently only be able to sell for $17 Million. To do so would create a loss to Cartis of $28 Million plus the cost of the remainder of the machine.
Another accounting deception results from the claim that the total value of the agreement amounting to $62 Million, the total of $45 million plus $17 million. Since Technocall is a supplier to Cartis of parts Cartis incorporates into its water filters, the same revenues which Cartis realizes from the sale of its product are used to pay Technocal for the componant they provide. It is both false and misleading the same as if Intel added into its press releases the retail value of all Dell computers sold with Pentium chips when reporting on the value of agreement with Dell to supply Pentium chips to them. This is something that needs to be brought to the attention of the SEC as this goes beyond the scope of complaint advertising.
THE SEARCH FOR TECHNOCALL, SA.
A phone call to Cartis to Fernand Le Loroux (Leloroux) (from the Burrard Press release) revealed that Burrard intends to acquire both Technocall and ATD, a supplier to Technocall and or Cartis. The conversation also determined that Mr. Leloroux has an ongoing and real time interest in Burrard stock prices. Mr. Leloroux provided an address for Technocall, SA. The address given was Ru du marche 28, Geneva, Switzerland. A visit to that location, however proved fruitless. There was no Technocall SA located at that address. Mr. Leloroux also indicated that ATD was located in Annecy, France. We have been unable to locate anything in Annecy using that name except for the Tourist Bureau. They call themselves ATD. We have located an ATD Electronic in the outskirts of Paris however. We have yet to determine if this company is affiliated with Mr. Leloroux or the elusive Technocall. Research, however, turns up the fact that ATD is connected at the hip to Cartis as disclosed in this paragraph from one of Cartis’s SEC filings.
"In February 2000, the Company purchased the machinery and equipment necessary to manufacture the Company's products from ATD. Herve Gallion is an officer, director and also the beneficial owner of ATD. For such products, the Company issued 3,000,000 shares of its Common Stock to ATD. In February 2000, the Company purchased the remaining twenty percent (20%) of the issued and outstanding common shares of CIL. As a result, CIL became a wholly owned subsidiary of the Company. The remaining shares were owned by Herve Gallion and Cyril Heitzler, each owning ten percent (10%)"
Now SEC filings have revealed the missing ingredients. The proxy filed on 12/6/01 shows the new directors of Burrard to be none other than Heitzler and Leloroux.
The Share Purchase Agreement contemplates a change in the majority of the board of directors of Burrard. Subsequent to closing, the board of directors will consist of directors nominated by Technocall. These new directors are proposed to be Mr. Fernand Leloroux and Mr. Cyril Heitzler. To give effect to this agreement, Burrard's current board of directors, consisting of Mr. William Robertson and Mr. Nick Sirsiris, will resign on the day following the tenth day that this Schedule 14f information statement is mailed to the shareholders of Burrard, subject to the completion of the acquisition of Technocall. "
A subsequent visit to Technocall headquarters at Rue du Marché 28, 1204 Geneve led us to a building with no mention of Technocall on the exterior signage. An office on the 4th floor was shown on the mail box to belong to Cartis, Europe. The dirty door had a piece of Cartis letterhead on it showing the Geneve address with a French phone number. It indicated renovations were underway and would be completed in September. No one answered when we knocked on the door.
Further disclosures in the Burrard proxy show Mr. Heitzler and Leloroux to be the officers and directors of Cartis as well. OTCBB – CART.
sec.gov
Mr. Leloroux is currently the president of Technocall. Mr. Leloroux received his law degree from the National Insurance School of France in 1957. Mr. received his bachelor's degree in philosophy in 1953. Mr. Leloroux has been a director and the chief financial officer of Cartis Inc., a company involved in the treatment of water, since April 2001. Mr. Leloroux was one of the co-founders of International Business Trading SA, a Swiss company specializing in business, industrial and financial engineering, management and debt collection, company domicilation and the import and export of goods, in 1998. Mr. Leloroux has been involved in International Business Trading S.A. since 1998. Mr. Leloroux was one of the co- founders of R.M.J. Conseils S.A., a Swiss company specializing in insurance and reinsurance consulting services, in 1994. Mr. Leloroux was chairman of R.M.J. Conseils S.A. from 1994 to 1998.
Mr. Heitzler received his qualification in production engineering in 1991. Mr. Heitzler is currently the industrial director of Cartis Group Inc., a position that he has held since 2000. Mr. Heitzler was previously technical director of Cartis International Ltd. from 1998 to 2000 where he was involved in the design and pre-industrialization of water treatment stations. Mr. Heitzler was technical director of Tedeco Ltd., a company involved in the design of domestic water treatment stations, from 1995 to 1999. Mr. Heitzler was a manager for SARL CEFCA, a manufacturer of powders for Cartis, since 1997.
This brings up an interesting conflict. The press release Burrard put out about Technocall entering into an agreement with Cartis not only produced numbers that don’t make any sense, it also failed to disclose that this agreement was a less than arms length transaction between companies owned by the same two people.
SUMMARY
What we have here is a shell company, most likely created simply to find a merger candidate. This empty shell is currently trading at a market capitalization of $45,201,000. That’s right, $45 MILLION!!! This shell has cut a deal to acquire a company with no address and no verifiable business. Furthermore the company has published false and/or misleading press releases in order to stimulate buying in the stock. These releases suggest that Technocall, and hence Burrard is "ensured" $45 million in revenues yet. Careful reading of the announcement however suggests these numbers are bogus. Furthermore, Technocall and Cartis are owned and controlled by the same people. Lastly, Burrard Technologies offices are located in Vancouver and with the acquisition of a European company, there are no representatives involved in this transaction located in the United States. This will hamper the abilities of the regulatory agencies should they decide to look into this particularly questionable deal.
Pacific Equity Investigations is an equity valuation research center. It may and often does have positions that are consistent with its reports. Anthony Elgindy is a professional trader and analyst, and one of the most well-known investment commentators on the internet. His work has been featured in numerous financial news media. He has appeared on TV shows "20/20" and "Justice Files" speaking out to warn the public about the risks of fraud and overvalued equities. He is the #1 most bookmarked person on the #1 financial discussion site, Silicon Investor siliconinvestor.com , and he is known as the " Mad Max of WallStreet " by WIRED MAGAZINE, wired.com
CONCLUSION:
BTGS, is a giant nothing with lying and deceptive losers handling the whole thing,If i were a shareholder Id immediately consult the psychic hotline in order to discover which foot willbe inserted into my sphincter first.
Cheers
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Contact: Moe Fuelondefia
Title: Security Specialist
Phone: 760-635-5900 |
