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AWKS Mentioned by INSIDE BULLS October 6th:
AmeriWorks Financial Services, Inc. (PINKSHEETS: AWKS) has been in the debt collection business since its inception and currently offers several other financial products?.The Company has been in the debt collection business since its inception and currently offers several other financial products?.The Company has been in the debt collection business since its inception and currently offers several other financial products? For the Best Penny Stock Picks Subscribe to http://www.insidebulls.com/
AWKS: February 28th 2012 PR:
AmeriWorks Financial Services, Inc. (AWKS) Plans to Launch A Series of Debentures Collateralized by Debt Portfolios
SCIOTA, Pa., Feb. 28, 2012 /PRNewswire/ -- AmeriWorks Financial Services, Inc., (symbol "AWKS") has today announced a major shift in the business priorities of the Company. "Since becoming a public Company on December 16, 2010, we have been seeking capital to market certain financial products we have developed," said Louis Perosi, Jr. President of the Company. "The arbitrary price of our Common Stock by market makers has made it impossible to raise equity capital at a reasonable price." The Company started out as a collection Company approximately 10 years ago and has continued to collect all forms of debt while specializing in the collection of bad checks. The Company's annual report shows a small profit for the year ended December 31, 2011 as a result of collection income. "Our foundation business has always been collections," said Perosi. "Therefore, in a Board of Directors meeting held on Monday, February 20, 2012, the Board made a decision to focus on collections and fund the marketing of its other financial products through the expansion of its collection business."
"To do this," said Perosi, "we have decided to sell Debentures with the funds used to purchase a debt portfolio to be owned by the Debenture Holders. The debt portfolio will be collected under a contract between the Debenture Holders and the Company with 60% paid to the Debenture Holders and 40% paid to the Company. Debt portfolios will periodically be sold and new portfolios purchased on behalf of the Debenture Holders." Perosi continued, "Debenture Holders will receive electronic quarterly payments until the Holders receive 150% on their original investment. Debenture Holders will also receive Common Stock Purchase Warrants exercisable at the option of the Holder according to a sliding scale." Perosi stated, "We are no longer going to deal with the arbitrary pricing of our Common Stock by market makers who continually show unrealistic prices, making it impossible for us to raise equity capital. We are going to use our own ability to collect debt as a cash return investment vehicle by which we will grow our Company."
The Company is currently developing the documents for this offering. Interested investors who would like to review the documents when available should contact the Company. AWKS is a public company trading in the OTC Pink Sheets with the symbol AWKS. For more information contact Louis Perosi, Jr., President of AWKS at 1-888-282-2802 or email Mr. Perosi at smallstock@verizon.net.
This press release is not an offer to sell or a solicitation to buy the shares of stock, which offer to sell or solicitation to buy can only be made through a prospectus or an offering memorandum. For more information, contact ADW and the contact person shown above.
SOURCE AmeriWorks Financial Services, Inc.
Louis Perosi Jr. "How to Stay Alive in Combat" Link:
http://www.americastandstall.org/alive-in-combat.html
Louis Perosi Jr Vietnam Veterans of America Link:
http://vva678.net/Louis-Perosi-Jr-Home-Page.html
Louis Perosi Jr. Additional Information per Linkedin:
Current
President at AmeriWorks Financial Services, Inc.
Previous
SmallStock Capital, Inc., Axxexs Capital, Inc., First Summit Securities, Inc.
Education
Economics, Business Economiics at William Paterson University of New Jersey
33
connections
Louis Perosi Jr. Education per Linkedin:
Education
William Paterson University of New Jersey
Economics, Business Economiics
1970 – 1975
Louis Perosi Jr Honors & Awards per Linkedin:
Honors and Awards:
Who's Who Award 1985
Financial Speaker at NYU School for Business
Various military awards
Published writer
Louis Perosi JR Experience Per Linkedin:
President
AmeriWorks Financial Services, Inc.
December 1992 – Present (19 years 11 months)
Collections, SoftBill Financing, POS-University, Casino Acceptance and ChekXcept.
President & CEO
SmallStock Capital, Inc.
January 1982 – March 2011 (29 years 3 months)
Consulting firm that raises capital for small business, helps to take them public and provides other corporate governance and business startegy consulting.
President & CEO
Axxexs Capital, Inc.
March 1991 – August 2004 (13 years 6 months)
Public holding company operating broker/dealer division; Internet division and business consulting division.
President
First Summit Securities, Inc.
January 1991 – March 2001 (10 years 3 months)
OTC Broker/Dealer and member of the NASD. Conducted private placements for small businesses seeking to become public. Notable issues were: Manhattan Bagel; Air Trax and Digital Radio.
President
Imagine America, Inc.
April 1982 – January 1991 (8 years 10 months)
Public company specializes in family entertainment.
Vice President Corporate Finance
First Momouth Securities, Inc.
July 1980 – April 1982 (1 year 10 months)
In charge of developing equity underwritings for the firm.
Executive Vice President
Friedman-Manger & Company, Inc.
February 1976 – July 1980 (4 years 6 months)
Principal and in charge of retail business and market making.
Louis Perosi Jr (Pres.) Linkedin Account:
http://www.linkedin.com/pub/louis-perosi-jr/9/4b0/b4b
AWKS Legal Counsel:
Daniel Luciano, Esq.
Legal Counsel
242A West Velley Brook Rd
Caliton, NJ, 908-832-5546
dhlu@earthlink.net
Associated Companies/Securities
Name City Country Symbol Tier
Alpha Lujo, Inc. Port Melbourne Australia
ALEV
OTC Pink No Information
AmeriWorks Financial Services, Inc. Sciota United States
AWKS
OTC Pink Limited
Note 3 - Commitments and Contingencies
The Company leases office space in Sciota, Pennsylvania for operations in connection with its
business. The lease has a term of five years and the minimum future rental payments under the
lease at December 31, 2011 are summarized as follows:
2012 23,730
2013 24,071
2014 24,793
2015 4,152
The Company is not involved in any legal proceeding nor is it a defendant in any lawsuit.
Based on the PRs and Share Structure this is shaping up to be Swing Play
Note 8 Securities:
Note 8 – Securities
As of the twelve months ended June 30, 2012 the company had the following securities issued
and outstanding.
Authorized Issued & Public Float Shareholders
Outstanding of Record
Common Stock 30,000,000 18,814,934 13,487,804 652
Voting Pref. Class A 1,500,000 1,500,000 0 2
Voting Pref. Class B 141,351 141,351 0 1
Preferred Stock 358,649 0 0 0
Class A Warrants
Exercisable at $1.50 780,000 652,000 0 300
Fixed Assets:
Note 6 - Fixed Assets
December 31, 2011 June 30, 2012
Furniture & Equipment 83,328 83,328
Leasehold Improvement 0 0
Computer Equipment & Software 134,076 134,076
Total Fixed Assets 217,404 173,201
Accumulated Depreciation/Amortization (43,808) (44,203)
Net 391,000 346,402
AWKS Excerpt shown on Notes to Financial Statements:
Organization
The Company is a New Jersey corporation with facilities in Sciota, Pennsylvania. Originally
incorporated as Axxexs Capital on May 30, 1995; the Company was in the financial services
business. In August of 2004 the Company completed a reverse merger with Shanghai Super
Industrial, a Chinese corporation, and new management took over, changing the name of the
corporation to U.S. Shanghai Chemical Corporation. In July of 2007, the shareholders sued the
corporation to regain control of the books and records in Superior Court in New Jersey. In
October, 2009, the shareholders successfully recovered the books and records of the corporation
and elected a new Board of Directors. The new Board of Directors filed all back tax returns and
brought the corporation up to date regarding regulatory filings. The corporation was then merged
with American DebtWorks, Inc, a Pennsylvania Company on December 16, 2010 and changed its
name to AmeriWorks Financial Services, Inc. The surviving company is the New Jersey
Company, AmeriWorks Financial Services, Inc. The Company is now commercializing its
financial products which include: (1) a debt collection service, (2) StaBILLity™ Payment
Solutions, a medical and retailer credit extension program, (3) POS-university.com, an on-line
cashier training course with on-line certification, (4) DOT.Chek, an anti-fraud identification and
payment system using a driver license at the point of sale to identify the consumer and pay for
goods and services, and (5) a subsidiary company called Casino Acceptance Corporation dba
Charity Roads, Inc., developing a kiosk to collect charitable donations for various charities. The
kiosk can be placed in casinos, theme parks, resorts, malls, airports, arenas and casinos.
AWKS Excerpt from Profit & Loss Statement:
Profit & Loss Statement
Six Months Ended June 30, 2012
Unaudited
Twelve Months
Ended 12/31/11
Six Months
Ended 6/30/12
Revenue
Debt Collections 219,922 162,126
Agency Collection Fees 7,887 24,925
Skip Trace Fees 211 1,134
Stock Transfer Fees 8,105 3,517
Other Fees 310 4,973
Interest Income 15 6
StaBILLity Income 1,543 78
POS University Tuition Fees 1,676 438
Capital Gains from Stock Sales 4,825 0
Transfer Fees 8,105 0
Total Income 252,599 197,197
According to OTC Market Last Change in Share Structure came nearly 8yrs ago!!! Hence not a RS machine
Think about 2 PRs within one week time. Hearing more NEWS on DECK
AWKS Latest Report October 5th Link: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=92076
AWKS OTC Pink Limited 3,990 10 day avg. volume 52 wk high .20
AWKS Contact Information from Website:
AmeriWorks Financial Services, Inc.
P.O. Box 187
Sciota, PA 18354
1-888-282-2802
Hours
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
Contact AmeriWorks Financial Services, Inc.
At AmeriWorks Financial Services, Inc., our attentive staff is available Monday through Saturday to answer your questions and ensure you are 100% satisfied.
9 AM - 4 PM
9 AM - 4 PM
9 AM - 7PM
9 AM - 7 PM
10 AM - 4 PM
10 AM - 2 PM
Closed
AWKS Clients from Website:
AmeriWorks Clients
ShurSAV Supermarkets
A&A Auto Parts
Shop Rite Supermarkets
IGA Supermarkets
HomeOwner Building Centers
NAPA Auto Parts
Hallmark Gift Stores
The Company collects all forms of debt including checks; rents; wholesale accounts; garbage
disposal; municipal and county; overdue invoices; student loans; credit cards; over drawn bank
accounts and any other form of debt.
The Company is a member of the American Collectors Association and is also HIPPA certified.
The Company collects medical invoices and is equiped to collect all other forms of medical and
hospital debt.
AWKS Products from Website:
AWKS Products & Services
AWKS offers our customers unique financial products and services that are based on our knowledge of the debt collection industry and our ability to recognize this industry and related businesses have not seen major changes in more than 50 years. The debt collection industry is a reacitve industry meaning nothing happens until there is a default. Instead, our concept for a membership program based on a driver license is a proactive approach to a growing monetary and credit problem in this country.
POS-University
POS-university is a cashier training website providing a four hour, on-line course with ten chapters and chapter quizes and; a two hour final exam. If the student passes the final exam with 80% or better, they receive a certification on-line. This training site is a result of our first hand experience dealing with bad checks that have illegible or incorrect information written on them by improperly trained cashiers. This training course can be purchased at Amazon.com as an e-book or is available through he following websites:
www.cashierjob.us www.cashier training.biz
www.pos-university.com www.cashierduties.info
www.twitter.com/cashierjob
Course Price: $39.95
Corporate licensing bundles available
StaBILLity Payment Solutions is a proprietary e-payment program for professional and non-professional businesses allowing consumers without cash, credit or medical insurance to pay for goods and services through an extended payment program. StaBILLity™ Payment Solutions is an alternative payment solution that is a pro-active approach to reducing payment defaults. StaBILLity™ allows doctors, hospitals, dentists, veterinarians and retail business establishments (“Providers”), a sophisticated method to comfortably extend credit to approved consumers. The program gives consumers who have no credit or cash to pay for retail purchases, the opportunity to request an extended payment plan from a participating Provider. Based on the consumers Client Profile using alternative lifestyle parameters, a participating Provider can allow an extended payment program for the consumer with interest. The same program can also be offered by medical professionals where the procedure is not covered by any insurance or; the patient is uninsured or under insured. StaBILLity™ was designed to protect participating Providers when extending credit to consumers; provide an APR for each Provider loan and; attract business from approximately 70,000,000 Americans who are non-bankable.
?The DOT.chek system is a patent pending program designed to minimize consumer check fraud at the point of sale and allow payment using a driver license or State ID card to initiate a DOT-Chek transaction. DOT means Department of Transportation. The system requires consumers to pre-register in a data base and provide their banking information. This information is linked to their driver license number. At the point of sale a registered consumer swipes their driver license and if approved, signs a receipt and leaves with their purchase. Approximately 36 hours later, the same time that it takes for a paper check to clear, the funds are electronically transferred from the consumer’s bank account to the merchant’s bank account. The program serves two important purposes. Since every driver license now has a photo ID, the program virutally eliminates fraud at the point of sale. The DOT.chek program also eliminates the use of paper checks. The system is expected to be tested as a pilot program by June, 2012.
AWKS About us from Website
About Us
Founded in 2004, AmeriWorks is a New Jersey corporation and is a licensed and bonded member of The American Collectors Association. The Company has been in the debt collection business since its inception and currently offers several other financial products?.
AmeriWorks is a public company with 650 shareholders as of November 1, 2011. The shares of AmeriWorks trade in the OTC Market Pink Sheets with the symbol AWKS.
The Company's goal is to become a large integrted servicer of consumer and business related financial products.
Interested in learning more?
The basic business concepts developed and/or acquired by AWKS are (i) the collection of consumer debt; (ii) reducing fraud at the point of sale; (iii) educating point of sale personnel and (iv) providing data base e-payment solutions. The multiplicity of business concepts and business practices has grown and matured from the Company’s basic collection business. AWKS is now beginning to commercialize two of the new concepts, StaBILLity™ Payment Solutions and POS University.
Payment solutions and collection processes form the basic foundation for financial transactions throughout the U.S. All forms of business enterprise from Main Street to Wall Street rely upon them. The complexity of financial transactions has forced technology developers to constantly improve and update software to meet changing economic demands. Political changes in debt collection laws have also kept pace with these economic changes. Identify theft, counterfeiting and other forms of fraud pervades our economy and in particular our retail and banking industry.
AWKS Hours of Operation from Website:
Business Hours
Monday-Tuesday- Friday 9AM - 4PM EST
Wednesday - Thursday 10AM - 7PM EST
Saturday 10AM-2PM EST
Sunday and all Bank Holidays - Closed
AWKS Website Home Page:
Welcome to AmeriWorks
A Public Company - Symbol AWKS
We're Committed To Bringing You Powerful Financial Tools From Debt Collection Programs to Alternative Payment Solutions to Point of Sale Identifcation & Electronic Check Payment!
AmeriWorks began as a debt collection company in 2004 and from this, the Company has expanded its financial product base to include unique tools that answer the challenge of today's difficult economic times. The Company has developed an on-line training program for cashiers; a consumer extended payment program for businesses to offer to today's 70,000,000 consumers without credit; a driver license program that eliminates fraud and uses a virtual check process that replaces paper checks at the point of sale; a licensed and bonded debt collections department; a QR code program to assist businesses in marketing their products and services and; a subsidiary company that is developing a kiosk for the collection of penny slot machine vouchers in casinos.
Our Company is located at:
AmeriWorks Financial Services, Inc. 1.888.282.2802
One Linden Court
P.O. Box 187
Sciota, PA 18354
AWKS Website: http://www.ameriworks.net/
AWKS full OTC Markets information:
Contact Info
One Linden Court
P.O. Box 187
Sciota, PA 18354
Website: http://www.ameriworks.net
Phone: 1-888-282-2802
Email: smallstock@verizon.net
Update Company Info
Business Description
The Company has been in the debt collection business since its inception and currently offers several other financial products?.
The Company has been in the debt collection business since its inception and currently offers several other financial products?.
The Company has been in the debt collection business since its inception and currently offers several other financial products?
Financial Reporting/Disclosure
Reporting Status Alternative Reporting Standard
Deregistered a/o Nov 21, 2002
Audited Financials Not Available
Latest Report Oct 05, 2012 Semi-Annual Report
Regulatory Agency Not Available
CIK 0001128730
Fiscal Year End 12/31
OTC Market Tier OTC Pink Limited
Profile Data
SIC - Industry Classification 6199 - Finance Services
Business Status Development Stage Company a/o Mar 31, 2011
Incorporated In: NJ, USA
Year of Inc. 1997
Employees 7 a/o Dec 30, 2011
Company Officers
Louis Perosi, Jr. President
Matthew Perosi Managing Director, IT Operations
Glenetta Perosi Corporate Secretary
Company Directors
Louis Perosi, Jr. Chairman
Matthew Perosi
Company Notes
Formerly=U.S. Shanghai Chemical Corp. until 12-2010
U.S. Office & Contact: Mr. Robert Jeffery, 61 Berdan Ave., Wayne, NJ 07470. Phone #: 973-595-0682
Formerly=Axxexs Capital, Inc. until 10-04
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Daniel Luciano, Esq.
242A West Velley Brook Rd
Caliton, NJ, United States
Investor Relations Firm
Not Available
AWKS Security Details
Share Structure
Market Value1 $2,220,162 a/o Oct 10, 2012
Shares Outstanding 18,814,934 a/o Jun 30, 2012
Float 13,487,804 a/o Dec 30, 2011
Authorized Shares 30,000,000 a/o Dec 30, 2011
Par Value No Par Value
Shareholders
Shareholders of Record 650 a/o Dec 30, 2011
Security Notes
Capital Change=shs decreased by 1 for 15 split. Pay date=01/27/2004.
Capital Change=shs increased by 2 for 1 split. Ex-date=10/15/2004. Rec date=09/30/2004. Pay date=10/14/2004.
Short Selling Data
Short Interest 0 (-100%)
Nov 14, 2008
Significant Failures to Deliver No
Transfer Agent(s)
Yet another key detail from October 5th PR (recruiting talent)
Within six months of beginning its marketing campaign, AWKS believes it will sell 500 to 1000 cashier training courses per month, including classroom versions of the course. The company will also hire an in-house sales executive to solicit sales of the course to industry executives, employment agencies and supermarket chains across the country as well as set-up and manage the classroom courses around the country.
Another key detail from October 5th PR:
For the first time, AWKS plans to launch several advertising and promotion campaigns regarding the cashier course, targeting retail and grocery print media as well as local television.
Key detail from October 5th PR: $750 x 100 = $75,000
The on-line EFR Course will cost $750 and AWKS projects the sale of 100 courses per month within six months of introduction
AWKS October 5th PR:
AmeriWorks Financial Services, Inc. (OTC - AWKS) announced it has developed a classroom version of its Cashier Training Course and is also developing a Spanish version of the on-line course. In addition, a new study course, called the "Executive Fiduciary & Responsibilities Course", is being added to the on-line curriculum for executives of companies seeking capital through the crowd funding regulations of the JOBS Act.
The on-line cashier training course was introduced by AWKS on March 1, 2011 and consists of an online testing and certification site; a secondary course material website; a mobile website for students who want the freedom to learn the course material using a smartphone or iPad; a downloadable eBook version of the course and; an Amazon Kindle version of the course. Facebook , Twitter and two additional website properties are also provided as additional education and job resources for those seeking employment as a cashier. Two of the Company's websites are www.pos-university.com and www.cashiertraining.biz. The on-line course is approximately 3 hours long, consists of ten chapters with quizzes and a final exam of 64 questions taken randomly from a pool of 264 questions. The final exam takes about 2 hours to complete. The on-line course is $39.95.
The classroom version, being introduced on November 1, 2012, consists of three forty-five minute sessions by an instructor with quizzes and a final exam. Once complete, the student receives a classroom certification. The classroom version can be taught all across the country by qualified instructors who get paid per student. The classroom course is $150. Each student will pay $50 up-front and AWKS will finance the balance through four equal ACH payments of $25 per month. The instructor will be paid $30 per student and be provided all the necessary materials to teach the course.
For the first time, AWKS plans to launch several advertising and promotion campaigns regarding the cashier course, targeting retail and grocery print media as well as local television. Within six months of beginning its marketing campaign, AWKS believes it will sell 500 to 1000 cashier training courses per month, including classroom versions of the course. The company will also hire an in-house sales executive to solicit sales of the course to industry executives, employment agencies and supermarket chains across the country as well as set-up and manage the classroom courses around the country.
AWKS has also been developing an "Executive Fiduciary & Responsibilities Course" ("EFR Course"), which will target executives and principals of companies seeking to raise capital through the crowd funding regulations of the JOBS Act. Crowd funding is a new small business funding approach, the purpose of which is to create business financing opportunities through investments by many small investors via the Internet. "Although the JOBS Act attempts to provide funding platforms for businesses seeking funding from the public, the fact is that management of a private company usually has no idea what their fiduciary responsibilities become once shareholders are added into the equation", said Louis Perosi, Jr. President of AWKS. "There are numerous risks involved in crowd funding and one of the most significant risks is management's ability to understand there is now a family of shareholders to report to", continued Perosi. This course will be introduced on December 1, 2012 representing the second in a series of job courses to be added over the next nine months. The on-line EFR Course will cost $750 and AWKS projects the sale of 100 courses per month within six months of introduction. Crowd funding investors should insure that before they invest , the company executives understand their responsibilities to the public.
AWKS is currently working on several other courses for POS-University besides the EFR Course. Some of these courses may be available by March, 2013 or earlier. These courses include (i) debt collector functions and responsibilities, (ii) entry level understanding of stock transfer processes, (iii) proper procedures for drive-up window POS personnel, and (iii) proper waitress/waiter customer service & etiquette.
Investor relations inquiries should be made to Louis Perosi, Jr., President of AWKS at the corporate offices of the Company at 570-801-7800 Ext. 19.
AWKS Share Structure:
Share Structure
Market Value1 $2,220,162 a/o Oct 10, 2012
Shares Outstanding 18,814,934 a/o Jun 30, 2012
Float 13,487,804 a/o Dec 30, 2011
Authorized Shares 30,000,000 a/o Dec 30, 2011
Par Value No Par Value
About 5-10k in solid volume this breaks 20 and runs.
AWKS
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