To: ISOMAN who wrote (47 ) 11/29/1998 10:18:00 AM From: ISOMAN Respond to of 539
January 20, 1998 IMPORTANT NOTICE TO ALL G.I.I.C. MEMBERS In order to provide credit cards to the members of Global Interactive Investments Club (G.I.I.C.), the Board of Directors of G.I.I.C. authorized a contract to be entered into with Mr. Ron Charlton of Fort Erie, ON, Canada. Mr. Charlton claimed he was Ready, Willing and Able to provide the services G.I.I.C. needed. In a contract which took effect August 6th, 1997 Mr. Charlton agreed to: obtain credit cards for the G.I.I.C. membership, with delivery commencing October, 1997; and, obtain credit cards for new G.I.I.C. members on a timely basis thereafter. When G.I.I.C. encountered legal restrictions which prohibited the Club from carrying out its obligations to its members, the Board of Directors of G.I.I.C. decided to transfer the assets and obligations of G.I.I.C. to Grosvenor Marketing Associates Limited, a British corporation. Relying on Mr. Charlton's word that he was able to perform according to the terms and conditions of the contract, Grosvenor developed a business plan to: finalize the delivery of credit cards to the members of G.I.I.C.; commence with the commission payments; and, enhance and expand the entire credit card program initiated by G.I.I.C. In the normal course of business, Grosvenor requested that Mr. Charlton provide verification of his capacity and ability to deliver credit cards pursuant to his contractual obligations. Mr. Charlton has not, to this date, produced independent verification of any ability to provide credit cards. Without such proof, Grosvenor was reluctant to carry on and proceed with expansion of G.I.I.C.'s former program. Grosvenor has now learned that: Mr. Charlton does not have the capacity nor the ability to provide credit cards as originally represented; Mr. Charlton intended to utilize G.I.I.C. funds to commence his own program and to issue credit cards only to his personal downline; and, Mr. Charlton has made application for a refund of his own G.I.I.C. membership fees. Since Grosvenor entered into the agreement with G.I.I.C. based primarily on the ability of Mr. Charlton to generate credit cards and since it is now evident that Mr. Charlton cannot fulfill its commitments, Grosvenor Marketing Associates Limited has decided to repudiate the contract with Mr. Charlton, terminate the G.I.I.C. program and issue refunds to all former G.I.I.C. members. EFFECTIVE IMMEDIATELY, APPLICATIONS FOR G.I.I.C. REFUNDS WILL BE ACCEPTED UNTIL MARCH 27, 1998. To apply for a refund, please forward proof of payment (copy of cancelled check(s), front and back OR a copy of your money order receipt(s)), along with a copy of your application(s) (if still available) PLUS a note or address label clearly showing your name, address, telephone and FAX numbers, to: #180, 14975 Stony Plain Road, Edmonton, AB Canada T5P 4W1.