The REAL Story
Halberd Corporation is a shell corporation out of Nevada. It was recently used to run a fraudulent UAV business and the current board is being sued for posession of the shell.
LOS ANGELES, July 7, 2014 (GLOBE NEWSWIRE) -- Shareholders of 10.8 million shares of common stock of Halberd Corporation (HALB), today announced that on May 30th, 2014, the District Court for the Central District of California found Halberd liable for securities fraud in violation of Section 10(b) of the Securities Exchange Act and Rule 10b-5 in Case No. CV 13-01412 BRO, according to plaintiff SMSW Enterprises. A trial to determine damages for the fraud has been set for October 14, 2014 in federal court. http://www.globenewswire.com/news-release/2014/07/07/649080/10088304/en/SMSW-Enterprises-Announces-Halberd-Corporation-Found-Liable-for-Securities-Fraud-in-California-Shareholders-go-to-Hearing-on-Custodianship-in-Nevada.html
The same shareholders have petitioned a Clark County Nevada Court in Case No. A-14-697936-P to appoint their Managing Member the Custodian of Halberd Corporation pursuant to NRS 78.347 on the grounds of abandonment of its business and that the corporation is threatened with irreparable injury because it cannot obtain the required vote of its board to directors to continue its business, or, alternatively, as receiver under 78.320(2) and NRS 78.630 or NRS 78.650, based on irreparable harm to the business, abandonment and/or insolvency of the corporation. The petition, set for hearing on August 18, alleges that the duly elected board of directors abandoned the corporation and the current acting management is acting without approval of the shareholders.
John C. Maddox claims he is going to turn HALB into a holding company. He originated the shell as a holding company in 2009 and ran "sellmybusiness.com" out of it - it is now defunct.
Maddox currently runs Serious Startups and claims to be able to provide consulting and startup funds for new tech companies.
Sep 16, 2013 - Will Schmidt for the Nashville Edition http://tech.co/john-maddox-launches-serious-startups-nashville-2013-09
Today John Maddox launched his new Nashville-based company, Serious Startups, to somewhat alleviate entrepreneurs’ need for design and development funding. His newest venture since Ten Fast Feet, Maddox has designed Serious Startups as a central, one-stop shop for startups looking to embark on ventures of their own.
To that end, Serious Startups combines interactive agency with tech startup investing, featuring a professional team of developers, designers, digital marketers, and public relations personnel. Placing all of these individuals together helps accomplish Maddox’s goal of eliminating the capital needed to build a prototype application or idea in exchange for equity.
Serious Startups will handle all aspects of the startup process, including branding, UI/UX design, content strategy, mobile app and website development, explainer videos, and marketing strategies. All of these tasks, per the one-stop shop mantra, will be managed and executed in house.
“Too often great ideas are never brought to fruition due to lack of capital and that’s where Serious Startups steps in,” said Maddox. “We do not leave entrepreneurs to muddle through the quagmire of developing their ideas; we only benefit if our clients succeed.”
Maddox has managed over 800 tech projects working with publicly traded companies, and his experience has led him to success over his ten-year tenure. He and his team are hoping to impart their wisdom and experience onto younger entrepreneurs who want to bring their dreams to life.
In spite of his claim to have managed "over 800 tech projects working with publicly traded companies" there is no evidence that any of his "projects" has ever made money. In fact, Mr. Maddox declared bankruptcy in 2009, citing a few credit card debts and a first and second mortgage on a modest home.
At this time, Mr. Maddox's supposed business acumen seems to be HALB's only asset
The company's claims......
20750 Civic Center Drive
Southfield, MI 48076
HALB Security Details - http://www.otcmarkets.com/stock/HALB/profile
Shares Outstanding - 159,374,381 - a/o Jun 30, 2014
Float- 82,816,676 - a/o Jun 30, 2014
Authorized Shares - 600,000,000 - a/o Jun 30, 2014
Interstate Transfer Co.
1671 Roycroft Place
Salt Lake City, UT 84124
SIC - Industry Classification 6719 - Holding companies, misc
Business Status Development Stage Company a/o Jun 04, 2010
Incorporated In: NV, USA
Year of Inc. 2007
Employees 1 a/o Jul 01, 2014
John Maddox CEO
Chuck Townsend Accountant
Securities Counselors, Inc.
Deerfield, IL, 60015
HALB - filings and Disclosures: http://www.otcmarkets.com/stock/HALB/filings
HALB - Chart - http://scharts.co/1qcDQKU
Halberd Corporation Acquires Crowd Connex Corporation and Its Subsidiary Aspyre.com
SOUTHFIELD, Mich., July 9, 2014 /PRNewswire/ -- Halberd Corporation (OTC Market: HALB) acquires Tampa Bay based Crowd Connex Corporation. Crowd Connex Corporation owns Aspyre.com a secure online video conferencing company created for the ever growing virtual education and mentoring market place.
Aspyre.com's President Jeffrey S. Stanislow states, "This is a 50 plus billion dollar industry. Surveys from Mentoring.org state that there are more than 60 million people in the US alone that either need a mentor or want to mentor other people. Add to that the number of people starting new careers, or new areas of interest like hobbies and sports that need coaches. And we cannot forget tutoring and other types of counseling. We are excited about all the possibilities."
CEO John C Maddox states, "We love the growth potential in the education space for virtual solutions. We look forward to helping Aspyre.com reach its full potential."
Halberd Corporation is a Holding Company and Incubator for early stage high growth businesses. They are located in Southfield, Michigan. Halberd Corporation trades on the OTC Market under the ticker symbol HALB.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
SOURCE Halberd Corporation
Copyright © 2014 PR Newswire. All Rights Reserved
Our goal is to be the internet destination for virtual education
Aspyre, LLC is a Michigan limited liability company that is a wholly owned division of Crowd Connex Corporation. Asprye, LLC operates a video conferencing tool and enterprise solution which may be found at Asprye.com.
Aspyre.com is a place where people with common goals and dreams can connect to learn and share information and expertise. Aspyre.com’s technology is positioned to support and enhance multiple Education Sectors.
Halberd Corp. — a holding company and incubator for early-stage, high-growth businesses in Southfield — has acquired Tampa Bay, Fla.-based Crowd Connex Corp., which owns Aspyre.com, an online video conferencing platform that will launch this summer.
It’s the first acquisition for Halberd, which started after CEO John C. Maddox had difficulty launching his own business — a website he describes as “a Craigslist for business” — in 2008. While Sellmybusiness.com is no longer in the picture, Maddox says Aspyre.com has great potential.
“We’re asking, ‘Do they have something that has a big enough market that with the right coaching and access to capital they can get a good foothold and grow in it?’ ” he says.
And the answer is probably yes. The new website will target the virtual education and mentoring marketplace — a $50-billion-plus industry, says Jeffrey S. Stanislow, Aspyre’s president.
“Surveys from Mentoring.org state that there are more than 60 million people in the U.S. alone that either need a mentor or want to mentor other people,” Stanislow says. “Add to that the number of people starting new careers, or new areas of interest like hobbies and sports that need coaches. And we cannot forget tutoring and other types of counseling. We are excited about all the possibilities.”