UC Hub Group Inc.(fka UCHB)

[Last Chance]

Failure: PowerFuel

Circa: 2005

Comment: Larry Wilcox’s wholly-owned subsidiary of UC Hub: “eSAFE” –

”signed a contract with PowerFuel to market and sell the eSAFE Cards at 175 retail locations which service approximately 1000 customers per day,
per store.”

”Larry Wilcox, the President and CEO of UC Hub Group, Inc., states, The significant multiple (12X-24X) of this financial services subsidiary (eSAFE)is very encouraging and we are equally excited about exposing the eSAFE card
to 175,000 potential customers a day!”

Larry Wilcox’s excitement can’t be contained---- as he continues:

”We are thrilled about combining this transactional-based business with a complementary residual revenue stream”

And You Guessed it:

That Revenue Stream Was: Z-E-R-O

Another Wilcox/UCHB Total Failure!

FAIL!

Source: http://www2.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/03-22-2005/0003239355&EDATE=

(Didn't Wilcox used that "complementary residual revenue stream" with his recent Gold & Oil "venture"?)

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