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Perhaps, but I didn't bash it like janice. I lost money - so what. No one is a perfect investor.
And I am bearish on the stock now. eom
FlashQuotes for: Nasdaq-100 Nasdaq Financial-100 DJIA
IFTA INFOTOPIA INC IFTA
Jan. 4, 2002 15:50 ET Market Open
Last Sale: $ 0.029 Net Change: 0.016 35.56%
Today's High: $ 0.045 Today's Low: $ 0.027
Best Bid: $ 0.028 Best Ask: $ 0.029
Volume: 5,392,400 Previous Close: $ 0.045
More flooding, and now below 3 cents.
Too bad they don't release another promise to quit flooding the market with new shares, and keep the promise this time. Without the flood, this stock price would be much higher. I only hold a few free shares from a run last Summer, but others are not so lucky. Continued releasing of shares and more reverse splits will ruin the stock, if it hasn't already.
Too bad the PR doesn't tell the investors the true story, and you can see the lack of impact the "news" had on the stock price.
Chitosol - An unfortunate choice, since "fat absorbers" are what brought the FTC down on Mark Levine & co.
Chitosan is not a wonder product, and Chitosol is nothing special.
Infotopia, Inc. Forms TrenDirect Marketing, Inc.
TrenDirect Marketing Inc. Acquires Certain Assets of Danmark Inc. and Beacon Marketing Services, Inc.
CANFIELD, Ohio, Jan. 3 /PRNewswire/ -- Infotopia, Inc. (OTC Bulletin Board: IFTA - news; ``Infotopia'' or the ``Company''), announces today that it has formed TrenDirect Marketing, Inc., (``TrenDirect Marketing'') a wholly owned subsidiary of Infotopia. TrenDirect Marketing has acquired certain assets of Danmark Inc. and Beacon Marketing Services, Inc. These assets include a 150-seat call center and a portfolio of licensed products. TrenDirect Marketing acquired the rights to purchase these assets from Vitaquest International Inc. (``Vitaquest'') under an order of the United States Bankruptcy Court, District of Maine. Current Infotopia Chief Operating Officer Jane Aggers has assumed the position of President of TrenDirect Marketing.
In connection with this acquisition, TrenDirect Marketing has also entered into a license agreement with Lehigh Drive, LLC, a subsidiary of Vitaquest. Under this agreement, Lehigh Drive has agreed to license the intellectual property rights of the Chitosol(TM) brand, a known dietary supplement, to TrenDirect Marketing. The acquisition also includes the license rights to 26 other nutritional and dietary supplements from Danmark, Inc. and Beacon Marketing Services, Inc.
``The acquired products, and the Chitosol(TM) brand, have had success in the past,'' said Infotopia President Ernest Zavoral. ``TrenDirect Marketing's formation will enable Infotopia to integrate its resources and create a full service marketing entity, providing all elements of well-planned and executed campaigns for direct response, retail and direct selling. We feel we are now strategically positioned to leverage our existing infrastructure for continued success.''
The acquired assets also include an established media-buying agency that purchased in excess of $30 million in media time last year. The addition of this agency will lower Infotopia's media buying costs by reducing its dependence upon third party agencies and is expected to provide a significant savings in Infotopia's overall operating expenses.
Zavoral also stated, ``Infotopia is exploring its options with regard to these assets including the potential spin-off of TrenDirect Marketing as a separate public entity. Infotopia anticipates making a final decision on this in the first quarter.''
ABOUT INFOTOPIA
Infotopia is a direct-to-retail marketing company that is becoming a leader in the electronic retailing arena. Its mission is to produce, market and distribute an expanding line of high quality, innovative health, dietary and nutritional, fitness and consumer products, which deliver superior value at competitive prices.
Specializing in Direct Response Television (DRTV), Infotopia uses an effective combination of electronic media, such as television, radio and the Internet to present its branded products to the consumer for purchase. These well-recognized products are marketed through infomercials, distributor alliances, retail, e-commerce and direct mail campaigns allowing customers to make an immediate, informed buying decision.
This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation, the Company's ability to produce and market products and/or services and other risks detailed from time-to-time in the Company's reports filed with the Securities and Exchange Commission.
Capital Advisory Partners is also a Georgia limited liability corporation. Its registered agent is the law firm of Briskin & Associates, LC, whose founder, Alan Briskin, used to be a partner in the Alpharetta, Georgia law firm of Briskin & Rinde. His partner in that firm was named Jeffrey Rinde.
There may be some more connections worth noting. Judith Adler is identified as the Managing Member of Kilkenny. Mrs. Adler was also listed in her individual capacity as a selling shareholder (along with Capital Advisory Partners and Gata) in a Registration Statement filed by Delsoft Consulting, Inc. in October 2000. Bondy & Schloss acted as attorneys for Delsoft in connection with that registration. And Bondy & Schloss partner, Jeffrey Rinde, served as Chief Financial Officer and a Director of Delsoft from 1997 through November 1999.
According to the Merger Agreement between Grand Enterprises and EC2000, Ms. Adler resides at 420 East 79th Street, New York, N.Y, Apt. 12-D,an apartment building on Manhattan’s Upper East Side. That is also the address that we found listed for an individual named Gerald Adler (a lawsuit filed against Bondy & Schloss, Mr. Adler, Mr. Rinde and Infotopia by J Group Holdings lists Apartment 12-D at 420 East 79th Street as Mr. Adler’s address. See Infotopia, Inc., The Professionals – Playing Defense). Is that the same Gerald Adler who is a partner in the law firm of Bondy & Schloss? If so, is he related to Judith Adler? As best we can determine, the Delsoft and Grand Enterprises Registration Statements do not disclose any relationship between Ms. Adler or Kilkenny on the one hand and Gerald Adler or the law firm of Bondy & Schloss on the other.
One more thing. Benjamin Giacchino, Managing Member of Monkstown, also served as a Director of Delsoft, and reportedly sold Delsoft shares under Rule 144. Prior to that time, between 1991 and 1993, Giacchino was a stockbroker at Greenway Capital Corp. (later Cortlandt Capital Corp.), a brokerage firm that lost its license in 1998 after the SEC charged Greenway with securities manipulation.
We Shell Overcome
Stock Patrol has uncovered still more connections among Kilkenny, Finglas, Monkstown, Rathgar and Capital Advisory Partners. These entities have joined together repeatedly to acquire interests in companies, including several “shells. Consider the following:
• On November 19th Infotopia, Inc. filed a Form 10-Q disclosing that its wholly-owned subsidiary, East Side Venture Partners LLC, had acquired shares of DLD Group, Inc., a public company, formed in Delaware in April 2000 as a “blank check” shell without any operations. At the time DLD was formed its sole director and officer was Patricia Meding. Like Grand Enterprises, DLD had retained Meding’s firm, Capital Advisory Partners, to find a reverse-merger partner.
The original shareholders of DLD were Capital Advisory Partners; Kilkenny; Rathgar; Finglas; and Monkstown, each of which had initially been issued 800,000 shares of DLD stock for $80 – just as they had when Grand Enterprises was formed. This time, however, each of those entities subsequently sold 760,000 of their DLD shares to East Side Venture (the Infotopia subsidiary) in March 2001 for an aggregate sum of $200,000. That constituted a profit of $199,600, which seemed considerable since the Company still had no business.
In April 2001, DLD found a business – or at least a potential one – acquiring rights to a pending patent application relating to water filters and purifiers. But DLD apparently does not have a patent just yet. It says it has the rights to a pending patent application, and there can be no assurance when, or even if, the patent will be issued. After the acquisition, Ms. Meding resigned as an officer and director of DLD. Infotopia’s President Ernest Zavoral, who also serves as Managing Member of East Side Venture, is now the Chairman of the Board of DLD.
Despite considerable uncertainty about the prospects for the patent, DLD has filed a Registration Statement covering all shares owned by East Coast Venture (3.8 million shares); Capital Advisory Partners (40,000 shares); Kilkenny (40,000 shares); Rathgar (40,000 shares); Finglas (40,000 shares); and Monkstown (40,000 shares). DLD’s lawyers for the offering? Jeffrey Rinde and Bondy & Schloss.
• On August 7, 2001, an OTC Bulletin Board company called Millennium Direct, Inc. filed a Form 8-K disclosing its acquisition of Blue Capital Associates, Inc. (BCA), a private company whose shareholders were East Side Venture; Monkstown; Finglas; Rathgar; Kilkenny; and Capital Advisory Partners. It is unclear what, if any assets, Blue Capital had at the time of the acquisition. Millennium has now changed its name to Blue Capital Associates, Inc.
• Freeman Technologies Corporation is another “blank check” shell company with the same cast of characters. It has yet to acquire an operating business, although, like DLD, it has retained Capital Advisory Partners for that task. Patricia Meding remains Freeman’s sole officer and director. Its shareholders consist of Capital Advisory Partners (800,000 shares); Kilkenny (800,000 shares); Rathgar (800,000 shares); Finglas (800,000 shares); and Monkstown (800,000 shares). Freeman’s attorneys are Bondy & Schloss.
• This group of shareholders got together once again to form another shell corporation, Castle Hill Associates, Inc. Like Freeman, Castle Hill still has no operating business, although it has retained Capital Advisory Partners to find one. Patricia Meding is Castle Hill’s sole officer and director. Its shareholders consist of Capital Advisory Partners (200,000 shares); Kilkenny (200,000 shares); Rathgar (200,000 shares); Finglas (200,000 shares); and Monkstown (200,000 shares).
The DLD Registration Statement is still pending, so there is no telling when this band of shareholders will be free to start selling their DLD stock. And shares of Freeman and Castle Hill could eventually hit the market as well, once those companies finally find a business – or at least the rights to a patent application.
Those prospects should keep investors on their toes. We know we’ll be watching for developments.
http://www.stockpatrol.com/schlock/articles/zero3.html
ZERO DEGREES OF SEPARATION, PART III – WERE THOSE IRISH EYES SMILING, OR IS GEORGIA ON THEIR MIND?
December 6, 2001
As we have seen in the first two installments of this series, there is an abundance of cross-pollination when it comes to the investors, attorneys, and consultants involved with public companies such as Infotopia, Ives Health, HIV-VAC and Grand Enterprises. Some of the players, like Teodisio Pangia, Alan Berkun and Joseph Blumenthal, have been the subject of serious regulatory scrutiny. Other names are far less familiar, but they all certainly seem to be well-connected.
Luck of the Irish
Remember Kilkenny Group LLC; Rathgar LLC; Finglas LLC; and Monkstown LLC? They have something in common – in addition to the fact that each of the entities acquired 800,000 shares of Grand Enterprises common stock for $80. Rathgar, Finglas and Monkstown are also the names of three villages in Dublin, Ireland. And Kilkenny is the name of a town in Central Ireland.
Could that be a mere coincidence? We have found no disclosure suggesting that the four companies are under common ownership and control. To the contrary, each identifies a different individual as its “Managing Member”: Judith Adler of New York City for Kilkenny; Dr. Stuart Erner of Slingerlands, New York for Rathgar; Irwin Goodman of Alpharetta, Georgia for Finglas; and Ben Giacchino of Woodstock, Georgia for Monkstown (Finglas has also provided an address in Boynton Beach, Florida.
What do they have in common – aside from an apparent affinity for Irish names? We discovered that two of the entities, Rathgar and Monkstown were created as New York limited liability corporations on May 10, 2000. In both cases Jeffrey Rinde of Bondy & Schloss is listed with the New York State Division of Corporations as the person who has been designated to accept service of papers – like civil complaints and other court documents – on behalf of the corporation.
On the other hand, Kilkenny and Finglas were both formed as limited liability corporations in Georgia on that same date, May 10, 2000. Both list their address as 6 East 43rd Street, New York, N.Y., – the same location as the offices of Bondy & Schloss.
Capital Advisory Partners is also a Georgia limited liability corporation. Its registered agent is the law firm of Briskin & Associates, LC, whose founder, Alan Briskin, used to be a partner in the Alpharetta, Georgia law firm of Briskin & Rinde. His partner in that firm was named Jeffrey Rinde.
There may be some more connections worth noting. Judith Adler is identified as the Managing Member of Kilkenny. Mrs. Adler was also listed in her individual capacity as a selling shareholder (along with Capital Advisory Partners and Gata) in a Registration Statement filed by Delsoft Consulting, Inc. in October 2000. Bondy & Schloss acted as attorneys for Delsoft in connection with that registration. And Bondy & Schloss partner, Jeffrey Rinde, served as Chief Financial Officer and a Director of Delsoft from 1997 through November 1999.
According to the Merger Agreement between Grand Enterprises and EC2000, Ms. Adler resides at 420 East 79th Street, New York, N.Y, Apt. 12-D,an apartment building on Manhattan’s Upper East Side. That is also the address that we found listed for an individual named Gerald Adler (a lawsuit filed against Bondy & Schloss, Mr. Adler, Mr. Rinde and Infotopia by J Group Holdings lists Apartment 12-D at 420 East 79th Street as Mr. Adler’s address. See Infotopia, Inc., The Professionals – Playing Defense). Is that the same Gerald Adler who is a partner in the law firm of Bondy & Schloss? If so, is he related to Judith Adler? As best we can determine, the Delsoft and Grand Enterprises Registration Statements do not disclose any relationship between Ms. Adler or Kilkenny on the one hand and Gerald Adler or the law firm of Bondy & Schloss on the other.
One more thing. Benjamin Giacchino, Managing Member of Monkstown, also served as a Director of Delsoft, and reportedly sold Delsoft shares under Rule 144. Prior to that time, between 1991 and 1993, Giacchino was a stockbroker at Greenway Capital Corp. (later Cortlandt Capital Corp.), a brokerage firm that lost its license in 1998 after the SEC charged Greenway with securities manipulation.
We Shell Overcome
Stock Patrol has uncovered still more connections among Kilkenny, Finglas, Monkstown, Rathgar and Capital Advisory Partners. These entities have joined together repeatedly to acquire interests in companies, including several “shells. Consider the following:
• On November 19th Infotopia, Inc. filed a Form 10-Q disclosing that its wholly-owned subsidiary, East Side Venture Partners LLC, had acquired shares of DLD Group, Inc., a public company, formed in Delaware in April 2000 as a “blank check” shell without any operations. At the time DLD was formed its sole director and officer was Patricia Meding. Like Grand Enterprises, DLD had retained Meding’s firm, Capital Advisory Partners, to find a reverse-merger partner.
The original shareholders of DLD were Capital Advisory Partners; Kilkenny; Rathgar; Finglas; and Monkstown, each of which had initially been issued 800,000 shares of DLD stock for $80 – just as they had when Grand Enterprises was formed. This time, however, each of those entities subsequently sold 760,000 of their DLD shares to East Side Venture (the Infotopia subsidiary) in March 2001 for an aggregate sum of $200,000. That constituted a profit of $199,600, which seemed considerable since the Company still had no business.
In April 2001, DLD found a business – or at least a potential one – acquiring rights to a pending patent application relating to water filters and purifiers. But DLD apparently does not have a patent just yet. It says it has the rights to a pending patent application, and there can be no assurance when, or even if, the patent will be issued. After the acquisition, Ms. Meding resigned as an officer and director of DLD. Infotopia’s President Ernest Zavoral, who also serves as Managing Member of East Side Venture, is now the Chairman of the Board of DLD.
Despite considerable uncertainty about the prospects for the patent, DLD has filed a Registration Statement covering all shares owned by East Coast Venture (3.8 million shares); Capital Advisory Partners (40,000 shares); Kilkenny (40,000 shares); Rathgar (40,000 shares); Finglas (40,000 shares); and Monkstown (40,000 shares). DLD’s lawyers for the offering? Jeffrey Rinde and Bondy & Schloss.
• On August 7, 2001, an OTC Bulletin Board company called Millennium Direct, Inc. filed a Form 8-K disclosing its acquisition of Blue Capital Associates, Inc. (BCA), a private company whose shareholders were East Side Venture; Monkstown; Finglas; Rathgar; Kilkenny; and Capital Advisory Partners. It is unclear what, if any assets, Blue Capital had at the time of the acquisition. Millennium has now changed its name to Blue Capital Associates, Inc.
• Freeman Technologies Corporation is another “blank check” shell company with the same cast of characters. It has yet to acquire an operating business, although, like DLD, it has retained Capital Advisory Partners for that task. Patricia Meding remains Freeman’s sole officer and director. Its shareholders consist of Capital Advisory Partners (800,000 shares); Kilkenny (800,000 shares); Rathgar (800,000 shares); Finglas (800,000 shares); and Monkstown (800,000 shares). Freeman’s attorneys are Bondy & Schloss.
• This group of shareholders got together once again to form another shell corporation, Castle Hill Associates, Inc. Like Freeman, Castle Hill still has no operating business, although it has retained Capital Advisory Partners to find one. Patricia Meding is Castle Hill’s sole officer and director. Its shareholders consist of Capital Advisory Partners (200,000 shares); Kilkenny (200,000 shares); Rathgar (200,000 shares); Finglas (200,000 shares); and Monkstown (200,000 shares).
The DLD Registration Statement is still pending, so there is no telling when this band of shareholders will be free to start selling their DLD stock. And shares of Freeman and Castle Hill could eventually hit the market as well, once those companies finally find a business – or at least the rights to a patent application.
Those prospects should keep investors on their toes. We know we’ll be watching for developments.
http://www.stockpatrol.com/schlock/articles/zero3.html
How childish can you get? Have we seen the full extent of your immaturity yet? Will you grow up soon?
I don't know. I told you before that I don't even like this company anymore, so don't spout your basher lies at me.
I'm going to start TOSing your posts for spam. I believe you have some sort of connection with stockpatrol. You only post here when they have an update.
You need to be removed from any position of power until you are old enough to stop sucking your thumb.
Insider Trades (Sellers) Reported on Form 4 Description
Click on the column header links to resort ascending () or descending ().
Insider
Select an insider below for more information. Relation Last
Date Trans
Type Shares
Traded Last
Price Shares
Held
BONDY & SCHLOSS LLP B 11/21/2001 Sell
547,000 $0.180 1,594,008
BONDY & SCHLOSS LLP B 10/31/2001 Sell
803,582 $0.410 1,140,828
LOZOWICKI MAREK VP 6/18/2001 Sell
1,880,000 $0.030 1,228,861
ZAVORAL ERNEST P 6/9/2001 Sell
11,000,000 $0.030 1,106,780
LOZOWICKI MAREK VP 5/31/2001 Sell
2,055,000 $0.020 3,108,861
LOZOWICKI MAREK VP 4/27/2001 Sell
3,745,000 $0.050 5,663,861
HOYNG DANIEL CB 4/16/2001 Sell
14,640,440 $0.050 570,000
HOYNG DANIEL CB 4/16/2001 Sell
14,640,440 $0.070 570,000
ZAVORAL ERNEST P 1/31/2001 Sell
2,366,788 $0.170 0
SMITH CLINTON OD 1/22/2001 Sell
200,000 $0.200 992,500
LOZOWICKI MAREK VP 1/22/2001 Sell
1,795,000 $0.180 0
HOYNG DANIEL CB 1/22/2001 Sell
1,931,200 $0.170 -
DELOTT MARK A SH 8/29/2000 Sell
773,388 $0.490 -
DELOTT MARK A SH 6/15/2000 Sell
109,500 $0.150 913,388
DELOTT MARK A SH 5/23/2000 Sell
33,000 $0.250 1,022,888
Why has there been no activity on this IFTA thread since 21 Nov 01?
I blame you.
CITRYE, Why is it that every post you make on iHub gets deleted? Look at your profile.
I don't know anything about that, and since I'm not a basher, I don't care to learn because I have decided not to invest in the company. Only a basher would learn about a company he/she did want to invest in. I believe your just a basher who has nothing better to do. I however, actually invest in companies, and those are the ones I pay attention to.
I don't know. I told you before that I don't even like this company anymore, so don't spout your basher lies at me.
How's this? Can you explain why this company suddenly has no viable products, is bleeding cash, and is involved with investments in a bunch of other worthless penny stocks like Millennium and DLD?
Or what role Bondy & Schloss may have played in introducing any or all of these companies?
I'm going to start TOSing your posts for spam. I believe you have some sort of connection with stockpatrol. You only post here when they have an update.
so you probably haven't bothered reading today's article on stockpatrol about the failure to file a 10-q?
I clearly said that I sold IFTA, look at my posts. Am I pumping or are you bashing?
You have never mentioned anything but stockpatrol on this thread. I consider that bashing and spam.
And by you calling me a pumper, your obviously a basher.
are you only here to pump IFTA?
Are you only here to promote stockpatrol? That is all you post about. Please quit spamming.
what's happening with the lawsuits? Have you seen the article about the New York case on stockpatrol.com? When is the hearing?
Infotopia Announces Six-Week Body Makeover Hits #1 in Infomercial Rankings
Two Others are Rated in the Top 25
CANFIELD, Ohio--(BUSINESS WIRE)--Oct. 31, 2001--Infotopia, Inc. (OTC BB:IFTA - news; ``Infotopia' or the ``Company'), today announced that the 6-Week Body Makeover was the highest-ranking infomercial in the country for the week ending Sept. 29, 2001 as reported in the October JW Greensheet Direct Response Television Monitoring Report. This is the 23rd straight week that the infomercial has been ranked on the charts compiled by Jordan Whitney, Inc.
Also ranked in the top 25 are the Total Tiger program at #16 and the Body by Jake Bun & Thigh Rocker, ranking #21. The Bun & Thigh Rocker spot has consistently placed in the rankings for the past 43 weeks.
``We are extremely pleased,' said Infotopia CEO and Chairman Daniel Hoyng. ``Having the number one rated infomercial in September during a non-diet season is very promising. Diet programs consistently are top performers during what is considered the true diet season from January through May. We're very encouraged by the results shown in September and look forward to continued success during the upcoming diet season. Combined with Infotopia's other current products that are performing well, and the anticipated release of new infomercials featuring such products as the SpudWizz, the Cooking Saddle and Perfecta Cookware, the Company is optimistic about its results for the fourth quarter,' he added.
ABOUT INFOTOPIA
Infotopia is a direct-to-retail marketing company that is becoming a leader in the electronic retailing arena. Its mission is to produce, market and distribute an expanding line of high quality, innovative health, fitness and consumer products, which deliver superior value at competitive prices.
Specializing in Direct Response Television (DRTV), Infotopia uses an effective combination of electronic media, such as television, radio and the Internet to present its branded products to the consumer for purchase. These well-recognized products are marketed through infomercials, distributor alliances, retail, e-commerce and direct mail campaigns allowing customers to make an immediate, informed buying decision.
This news release includes ``forward-looking statements' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation, the Company's ability to produce and market products and/or services and other risks detailed from time-to-time in the Company's reports filed with the Securities and Exchange Commission.
http://biz.yahoo.com/bw/011031/312270_1.html
Reporting Owner Files Form SC 13D, Statement of Ownership for Infotopia, Inc.
CANFIELD, Ohio--(BUSINESS WIRE)--Oct. 24, 2001--Infotopia, Inc. (OTC BB:IFTA) (``Infotopia' or the ``Company'), announces that Thomson Kernaghan & Co., Ltd. (Thomson Kernaghan or TK) has filed Schedule 13D under the Securities and Exchange Act of 1934, as amended (the ``Exchange Act'), disclosing beneficial ownership of common stock of Infotopia, Inc. Schedule 13D reports such acquisitions resulting in five percent or more of ownership of registered equity securities. Thomson Kernaghan's beneficial ownership of more than 10 percent of Infotopia's common stock subjects it to the requirements of Section 16(b) of the Exchange Act. As required by Section 16 (b), Thomson Kernaghan intends to hold this position for at least six months.
``This is a very significant move by Thomson Kernaghan. It certainly shows the confidence that they have in Infotopia, its long term potential and its continued growth,' said Daniel Hoyng, Infotopia Chief Executive Officer and CEO. ``TK has recognized that Infotopia is a solid organization, with a bright future that has recently been strengthened by the addition of key management personnel, a solid infrastructure and a lineup of new products that will positively influence the bottom line.
``This is definitely an endorsement of Infotopia's business plan and a vote of confidence for its management. We are very pleased by Thomson Kernaghan's endorsement,' Hoyng added.
ABOUT INFOTOPIA
Infotopia is a direct-to-retail marketing company that is becoming a leader in the electronic retailing arena. Its mission is to produce, market and distribute an expanding line of high quality, innovative health, fitness and consumer products, which deliver superior value at competitive prices.
Specializing in Direct Response Television (DRTV), Infotopia uses an effective combination of electronic media, such as television, radio and the Internet to present its branded products to the consumer for purchase. These well-recognized products are marketed through infomercials, distributor alliances, retail, e-commerce and direct mail campaigns allowing customers to make an immediate, informed buying decision.
ABOUT THOMSON KERNAGHAN & CO., LTD.
Thomson Kernaghan was established in Toronto in 1949 and is one of Canada's oldest investment banks. As a boutique investment bank, TK offers clients investment banking services, research, institutional sales and trading, retail sales and trading and fund management. Staffed by over 200 employees, TK has offices in Toronto, Montreal, Vancouver and Calgary.
This news release includes ``forward-looking statements' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation, the Company's ability to produce and market products and/or services and other risks detailed from time-to-time in the Company's reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Strategic Investor Relations, LLC
Bart Purser
(801) 292-0201
http://biz.yahoo.com/bw/011024/240448_1.html
stockpatrol.com has it right all along. And now they have the info on Berkun, Jacobi et al
now there's a story about the civil suit against IFTA and its lawyers at Bondy & Schloss. On www.stockpatrol.com today.
Infotopia Appoints Chief Operating Officer
Jane Aggers Named to Post
CANFIELD, Ohio--(BUSINESS WIRE)--Oct. 24, 2001--Infotopia, Inc. (OTC BB:IFTA) (``Infotopia'' or the ``Company''), announces that veteran retail executive Jane Aggers has been appointed Chief Operating Officer for Infotopia, Inc., effective immediately. Ms. Aggers was the architect of the marketing and merchandising strategies that helped Jo-Ann Stores, Inc. become the leading specialty retailer in the fabric and craft industry. She will report to Ernest Zavoral, President of Infotopia, and will also chair the Executive Committee of the Company.
As COO, Ms. Aggers will be responsible for strategic initiatives and the management of daily operations of the business. Her prior executive experience in marketing, product development, new business development and executive management of a high growth NYSE company is expected to enhance the existing management team at Infotopia and to contribute significantly to the organization's future success.
``Jane Aggers is well recognized throughout the retail industry as an outstanding merchant and creative business leader,'' said Daniel Hoyng, Infotopia Chairman and CEO. ``Her leadership experience in Jo-Ann's rapid growth and diversification will benefit Infotopia, as well as further our growth initiatives. We look forward to gaining her strategic and organizational expertise.''
Ms. Aggers was formerly Executive Vice President of Jo-Ann Stores, Inc. Since 1988, she progressively served as Vice President, Senior Vice President and Executive Vice President with numerous operating roles, including chief marketing officer, chief merchandising officer and chief supply chain officer. During that period the business grew from just under $300 million to approximately $1.5 billion
Ms. Aggers holds a Bachelor of Science degree in business administration from Bowling Green State University majoring in marketing and retailing. She is a member of the 50 Club of Cleveland, a graduate of Leadership Cleveland, and a trustee for the Cleveland Institute of Music. Ms. Aggers was also the recipient of the Rainmaker Business Award from Northern Ohio Live Magazine in 1999 and was named a Woman of Influence by Crain's Cleveland Business Magazine in 1998.
About Infotopia
The Company's mission is to produce, market and distribute high-quality, innovative, consumer-focused products. (``Better Products for a Better World.'') Infotopia markets its products through multiple marketing channels, including direct response television, Internet e-commerce and retail outlets. The Company's website is located at http://www.infotopia.tv. This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation, the Company's ability to produce and market products and/or services and other risks detailed from time-to-time in the Company's reports filed with the Securities and Exchange Commission.
http://biz.yahoo.com/bw/011024/242309_1.html
I was in, now I'm out. eom
Hi Joemoney,
You in or out of this one?
Just asking?
Anthony
Didn't I read somewhere the company had stopped releasing shares? If so, how did the o/s move from 4M to 11M? anyone know why?
Don't get me wrong people, I like IFTA as a longer term investment, but I'm losing faith in them very quickly.
Joe
The lawsuit and the dead Entreport merger are the focus of a new article today on stockpatrol.com
The chance of IFTA to win the case... not high, they can settle though. If PeopleSoft's statements are misleading... then you can gauge the chance of IFTA's case... pretty simple.
SAN FRANCISCO (AP) - A federal judge approved a $15 million settlement Friday between PeopleSoft Inc. and shareholders.
Shareholders were seeking millions from the Pleasanton, Calif.-based business that makes software to assist businesses automate their operations. They accused the firm of making false and misleading statements regarding its products, sales and growth prospects.
The class includes investors who acquired PeopleSoft common stock or call options from May 27, 1998, through Jan. 28, 1999.
signed,
Bernard
Ross thanks for asking. We are not the same person. JoeMoney spells better than I.
and of course... the management didn't tell any lie at all ROTFLOL
signed,
Bernard
Law Firm Goodkind Labaton Rudoff & Sucharow LLP Announces Class Action
Lawsuit Against Infotopia, Inc.
NEW YORK--(BUSINESS WIRE)--Aug. 23, 2001--Goodkind Labaton Rudoff &
Sucharow LLP (GLRS) announced today that it has filed a suit in the United
States District Court for the Northern District of Ohio against Infotopia,
Inc. and four members of the company's senior management for stock fraud.
The plaintiffs, twenty-six stockholders of Infotopia, are seeking a minimum
of $5 million in damages and have asserted a claim for punitive damages.
Named in the suit aside from Infotopia (OTCBB:IFTP) are Daniel Hoyng,
Infotopia's chief executive officer and chairman of the board, Ernest
Zavoral, the company's president and a director, Marek Lozowicki, an
officer and a director, and Clinton Smith, an attorney who is also a director.
Infotopia, located in Canfield, Ohio, is in the direct marketing business
and sells various products through televised infomercials. The products
include home exercise equipment (the "Total Tiger" and "Body by Jake Bun
and Thigh Rocker"), a line of herbal formulas (the "Hot Mommies System"),
and a kitchen device (the "Cooking Saddle").
The complaint alleges that the plaintiffs were induced through a series of
false and misleading statements made by the company's senior management
between June and September 2000 to exercise warrants to purchase Infotopia
stock. The stockholders exercised their warrants in mid-September by
surrendering promissory notes issued by Infotopia that provided for the
return of principal within 270 days together with 10% interest.
The stockholders claim that they relied on statements by Hoyng and other
officers and directors that the "Torso Tiger" sales "will continue for many
years to come" and that earnings of 20 cents per share could be "safely
projected" "for this fiscal year." In fact, according to the complaint,
Infotopia discontinued the sale of this product as of December 31, 2000 and
the company reported a loss of over $16 million dollars for the three
months ending November 30, 2000 and a loss of over $26 million for the ten
months ended December 31, 2000. Other false and misleading statements
alleged in the complaint relate to an announced Letter of Agreement for a
$20 million financing package that was characterized in an August 4, 2000
press release as a "real home run for our company." In a letter to the
shareholders on September 28, 2000 Hoyng disclosed that the Letter of
Agreement was in fact only a letter of intent that never materialized into
any financing for Infotopia.
The stockholders further assert that the false and misleading statements
had the effect of causing the stock price to rise from 12 cents per share
on August 23, 2000 to $1.12 per share on September 12, 2000. Several of the
insiders sold hundreds of thousands of shares through September 20
realizing substantial profits. The suing stockholders' stock was not
registered by the company until over a month later when the stock price had
dropped to the 20 cent per share range. Adjusted for a recent 200:1 reverse
split, the stock is currently trading at less than a half a cent per share.
The plaintiffs are represented by Mark S. Arisohn, Esq. of the New York law
firm, Goodkind Labaton Rudoff & Sucharow LLP, a national leader in
securities fraud litigation. For almost 40 years, GLRS has practiced at the
trial and appellate levels in the federal and state courts For a copy of
the complaint, please go to the GLRS web site, www.glrs.com. For additional
information or comments, please contact Mr. Arisohn. at 212-907-0840.
www.glrs.com
CONTACT: Goodkind Labaton Rudoff & Sucharow LLP, New York
Mark S. Arisohn, Esq.
212/907-0840
arisohm@glrs.com
or
Media Contact:
Jeanine Magsitza, 212/907-0659
magsitj@glrs.com
TICKERS: OTCBB:IFTP
signed,
Bernard
the changing 10-Q numbers are the subject of an article today on stockpatrol.com
ok, that's fine. JoeLong and I just happen to have the same first name.
Thanks,
joe
ok, i was just curious. i just wasn't sure. i had no intent of insulting you.
Why would we be the same person??
To DECEEEEEIVE you? Us IFTA investors are evil, aren't we?
Think about it....Is "Joe" a popular name???
Now if my name was "Gilber", I can understand your concern, but I see no reason for creating false aliases.
joe
hey, who said i was here to bash? I was just curious as to whether if or if not Joemoney and Joelong are the same people. Are you both named Joe?
Thank You
We are not the same people. And stay off the board if your here to bash.
Thx Joe. There has been a lot of talk that the shares going out would slow down now. I just wondered if anyone was keeping track. Joe L
I'm following them, but I just think that getting too involved in the stock can lead to mixed feelings about the stock and would just make it more work. I just figure that I should leave the suer indepth research to the company workers, unless IFTA has an job opening with a good stock plan, lol.
Joemoney
Joe are you keeping track of o/s numbers? I hear a lot of crap about share releases and the numbers posted in the usual places are never right. TIA Joe
Infotopia Announces Production Schedule
Company Anticipates New Projects to Generate in Excess of Two Hundred Million in Sales for Fiscal 2002
CANFIELD, Ohio--(BUSINESS WIRE)--Aug. 1, 2001--Infotopia, Inc. (OTC BB: IFTA - news; ``Infotopia' or the ``Company'), announced today that it has finalized its production schedule with Modern Interactive Technologies, Inc. (``MIT') for the balance of this fiscal year. Final editing is being completed on ProstaNorm and CalVantage this month with the television launch set for September. The Company has two additional products featuring Dick Van Patten. They were developed by Natural Science Corporation of America and are scheduled to debut on television by December 2001. The Company has begun production of both the Perfecta Cookware and an additional product in partnership with Mirro, a division of Newell Rubbermaid Inc. A scheduled November television rollout will poise these products to take advantage of the holiday sale's season. The Company also recently began production of the Tiger Gym Infomercial and an additional, yet to be named Tiger Fitness Product. Both products follow up the highly successful Torso and Total Tiger products. The Company has also begun production of the Spud Wizz; it too should debut in late November. In addition, Infotopia has approximately twenty additional projects in various stages of development and continues to explore the possibility of acquiring proven products as it has done in the past with the Body by Jake, Bun and Thigh Rocker, Michael Thurmond's Six Week Body Makeover and the Torso Tiger.
Infotopia's CEO and Chairman, Daniel Hoyng, stated, `` We are very pleased that production is moving so rapidly on many of our new products. With two strong quarters now under our belt and the third quarter off to a strong start, it is imperative that we look to the future and make sure that our success will be sustained. The projects currently in production have gone through focus groups, creative development and in some cases are relying on the proven methods that have produced our previous successful shows. I am quite confident that these new projects will establish a new benchmark for the success of Infotopia.'
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv.
This news release includes ``forward-looking statements' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
It is being said that the CEO of IFTA will be in a WillyWizard chat within the next month or so. If that happens, I will try to provide a transcript of the event.
Thanks,
Joe
very kewl, boss. I have a list somewhere of about 2500 emails from an old momo email list I was in. If I can find it, you can have it.
JoeLong,
It might be another week or so before we get some people in here. I have about 450k (Yes, four hundred thousand) or so emails on my newsletter database, but I cannot find a company to host my mailing list with costing me a grip. I should have it going real soon though, I'm still looking. I will promote IFTA with that list and bring more people to this board.
Thanks,
Joemoney
There's another story on IFTA out today. An update on www.stockpatrol.com
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