To: Israel who wrote (1490 ) 3/5/1999 1:00:00 PM From: jccodez Respond to of 13776
MAKO info: An email from a previous investor. Having witnessed the debacle of MAKO and ASTG, I feel compelled to alert any would-be investors who might get sucked into the hype of "new" Mako Capital. I offer the following "clarifications" to the recent news releases: ...."Mako Capital Inc. Acquiring Financial Publication and Web Site" …."Mako Capital Inc. Continues Growth Strategy Into TechnologicalMarketplace" For all intensive purposes, "MAKO" is totally illegitimate company with no true assets, no sales and no SEC filings, and is descendant from a long list of equally worthless public shells. Consequently, it is erroneous to state that it is "acquiring" Profit Magazine. Similarly, Profit Magazine is nothing more than a slick propaganda tool which since inception has been used to disseminate false and misleading information about companies promoted by or associated with Joseph Lanza. Managed by Jane Lanza and produced entirely with third-party vendors, Profit Magazine has no real staff, other than Ms. Lanza and her secretary. And despite publishing up to a dozen issues, all of which were financed by Joseph Lanza, the magazine has no meaningful circulation and generates no revenue, other than an occasional subscription fee from an unsuspecting consumer. On the other hand, the company does have a healthy list of creditors, including Ace Printing Company, who have been largely compensated with worthless ASTG and/or MAKO stock and still owed thousands of dollars for past publications. Claims made in the recent press releases regarding circulation and readership should be regarded as total fabrication, as should any assertion about their expertise in the publishing trade. A reasonable person should conclude that the principals of Profit Magazine and Mako Capital have neither the funds or expertise to develop any legitimate business venture, let alone one having to dowith the Internet or communications businesses. Regarding the announcement of it's acceptance into the Barnes & Noble "Affiliate Network ", it should be noted that anyone who has a web site is eligible to participate in the program. There is nothing exclusive about this program. For clarification, see the followinglink:barnesandnoble.com It is implied that the principals of Profit Magazine will draw on their publishing expertise in developing their new web site (http://www.profitmagazine.net). However, it is the profound absence of publishing expertise and operating history that should alert any potential MAKO investor of the deception being perpetrated in the recent press releases.Please feel free to post this on SI.