UC Hub Group Inc.(fka UCHB)

[Last Chance]

Failure: GreenZap

circa: 2008

Comments: Larry Wilcox/UCHB purchased all the assets of GreenZap in early 2008. (GreenZap was an online payment system.)

On Feb 25, 2008 Wilcox put out a Press Release that contained the following QUOTES:
- "Revenue of More Than $600,000"
- “producing over $50,000 a month in revenue”
- “currently generates in excess of $600,000 annually”
- “UC Hub will also inherit more than 500,000 customers”
- “is similar to PayPal”
- “similar to craigslist”

The Press Release can be found here:
http://www.globenewswire.com/newsroom/news.html?d=136956

Larry Wilcox/UCHB NEVER MADE A DIME WITH GREENZAP

In Fact – GreenZap, owned by Larry Wilcox/UCHB, turned out to be one big SCAM!

See: http://www.bbb.org/san-diego/business-reviews/internet-shopping/greenzap-inc-in-san-diego-ca-20007693/

GreenZap is now Defunct!

Here is an excerpt of Wilcox/UCHB SEC Filing concerning GreenZap:

”On March 31, 2008 the Registrant acquired all of the assets of GreenZap Inc which included the software, backup, and code for online transactions, a 750,000 database, trademarks, and all such related intellectual properties per press release dated February 25, 2008.”

Taken from :UC HUB’s Form 10Q Filed: 2008-06-16
Source: http://www.sec.gov/Archives/edgar/data/1072935/000127100808000016/f10q4302008.htm

For Fun
Google +”UC HUB” +GreenZap +Scam