The FTC announced that it completed its actions against Jubilee Financial Services, a provider of debt negotiation services, including forfeiture of personal residences, and a ban from advertising, marketing, or providing debt negotiation services. The FTC’s original complaint alleged that Jubilee Financial Services, Inc., related company Jabez Financial Group, Inc., and others lured consumers with false promises that consumers who enrolled in their debt negotiation program would be able to pay their debts at a substantially reduced rate and that consumers would stop receiving collection calls from creditors. According to the FTC, consumers who enrolled in the defendants’ program and paid substantial fees continued to receive phone calls and collection letters from creditors because the defendants did not negotiate substantial debt reductions for consumers. The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to (Jubilee Financial3-01/26/05) help consumers spot, stop, and avoid them.
CA-based ISO U.S. Merchant Systems, Inc. says it has signed an LOI to partner with Global Links Corp. The objective of the strategic partnership is to introduce new proprietary electronic products and expand the sales force for both companies. US Merchant Systems is a Merchant Service Provider for VISA, MasterCard, American Express, Discover and Diners Club. USMS’s customer base accounts for 11,000 businesses and a 170 member sales team.
United Trading.Com d/b/a Global Links Corp. has inked a deal with Valutec Card Solutions to offer gift and loyalty card programs to merchants. Global Links Corp. (“GLC”) plans to offer a suite of comprehensive electronic products to the retail, restaurant and hospitality industries. Strategic relationships will be developed with the nation’s leading electronic processing platforms.
CasinoBuilders.com, signed an LOI to acquire Global Cash, Inc., which is located in the Netherlands Antilles, operating as an Internet merchant gateway for e-commerce transactions.
The acquisition will include existing e-commerce client accounts, with growth forecasted to exceed $125,000,000 annually. CasinoBuilders.com will offer the customer friendly Global Cash e-commerce system to the Internet entertainment and gaming industry.
“The acquisition of Global Cash completes our operational strategy to service Internet casino owners with the responsive business solutions they need to be competitive, but more importantly it provides the cornerstone for our strategic growth into “entertaining” e-commerce. All of our five major revenue services (licensing, hosting, software, banking and marketing) are now online and revenue producing. CasinoBuilders.com will now take steps to file our Form 10 to become a fully reporting company,” commented Andy Ruppanner, President and CEO of CasinoBuilders.com. He continued, “Our services business model is now paying dividends with continuing sales of gaming software at $200,000 and ongoing license fees at 30%, as well as annuity revenues with margins exceeding 15%. We are now confident of our ability to attain our year-end business plan.”
Already known for providing the most entertaining Internet casinos, CasinoBuilders.com plans to extend their high standards to the e-commerce processing sector of the Internet entertainment and gaming industry. In addition to ensuring safety and security of funds, CasinoBuilders.com will initiate new standards in Client service for Internet casinos, including fully protecting any personal information, not selling player’s personal information to mailing lists and most importantly, providing accurate and timely payments. Global E-Cash is a legal form of computer-based currency which can be securely purchased with credit cards, wire transfers, and withdrawn (“cashed-out”) via credit card, check or ATM.
The Company believes that this industry exclusive financial service enhances CasinoBuilders.com’s market leadership. Some companies in the same industry are: Cryptologic (TSE: CRY.TO), Casinolive.com (OTC BB: YBET), GLC Limited (NASDAQ: GLXW), Starnet (OTC BB: SNMM), YouBet.com (NASDAQ: UBET) and GIC Global Entertainment (OTC BB: GGNC).
CasinoBuilders.com provides innovative services to the Internet entertainment industry. The services are designed to provide client segmented or turnkey solutions, and include e-commerce, licensing, hosting, marketing, and operational support services in an “off-shore” environment. Recognized for creativity and innovation, the company is dedicated to “Helping Internet gaming entrepreneurs turn their visions into successful companies.” For additional information about our company, please visit our website [www.casinobuilders.com].