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http://www.mundusgroupinc.com
 

Contact:
Phone: 805-416-5030
Fax: 805-426-8888
E-mail: josef@mundusgroupinc.com

Mundus Group Inc.

Mundus Group Inc.

The significance of automation and robots in most manufacturing industries keeps growing. Industrial lighting controllers have changed people inside a wide selection of industries. Robots beat humans in jobs that require precision, speed, endurance and reliability. Robots securely perform dirty and harmful jobs. Traditional manufacturing robot programs include material handling (pick and put), putting together, painting, welding, packaging, palletizing, product inspection and testing. Industrial robots are utilized inside a diverse selection of industries including automotive, electronics, medical, food production, biotech, pharmaceutical and machinery.The ISO meaning of a adjusting industrial robot is "an instantly controlled, reprogrammable, multipurpose manipulator". Based on the definition it may be fixed in position or mobile to be used in industrial automation programs. These industrial robots are moveable in 3 or more axes.

They're multi-functional items that may be custom-built and designed to carry out a number of procedures.The main benefits of industrial battery backed memory is they could be designed to match industry specific needs and may work continuously for a long time, consistently meeting high manufacturing quality standards. The economical life time of the industrial robot is roughly 12-16 years. Because of their persistent precision industrial robots have grown to be a vital a part of manufacturing.Industrial robots has sorted out into different groups according to their mechanical structure. The main groups of commercial robots are:Gantry (Cartesian) Robot: They're stationary robots getting three aspects of motion. They work from an overhead power grid having a rectangular work envelope.

They're mainly accustomed to perform 'pick and place' actions. Gantry robots have their axes over the work which makes them also ideal for meting out programs.SCARA Robots: (Selectively Compliant Articulated Robot Arm) These robots have 4 axes of movement. They move inside an x-y-z matched circular work envelope. They are utilised for factory automation needing pick and put work, application and set up procedures and handling machine tools.Articulated robots: An articulated robot has rotary joints. It may have from two to 10 or even more interactive joints. Articulated robots are suitable to welding, painting and set up.Fundamental industrial robot designs could be personalized with the help of different peripheral devices.

Finish effectors, optical systems, and motion remotes are crucial add-ons. Finish effectors would be the finish-of-arm-pedaling (EOAT) mounted on robot arms. Grippers or wrenches that are utilized to move or assemble parts are good examples of finish effectors. Finish effectors are made and accustomed to sense and communicate with the exterior atmosphere. The finish effectors' design is dependent around the application needs from the specific industry. Machine Vision systems are robot optical systems. They're built-on digital input/output products and computer systems accustomed to control other manufacturing equipment for example robot arms.

Machine vision can be used for that inspection of product which for example semiconductor chips. Motion remotes are utilized to move robots and position stages easily and precisely with sub-micron repeatability.Industrial robots fill the requirement for greater precision, reliability, versatility and production output within the progressively competitive and sophisticated manufacturing industry atmosphere.

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MNDP is an advanced aerospace technology consortium providing PATENTED Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) and has been in business since 1980.

What MNDP has done is take its patented technology and made a diversified business out of it that has HUGE potential.  I like their corporate tagline and feel that it sums up the company well:  "Mundus Group, Inc. is developing revolutionary products with real world applications".

They currently have cross-functional divisions, as follows (most based on some aspect of their patented VTOL technology):

  •  
  • Roadable Aircraft International Inc (RAI) is an advanced aerospace technology business providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV)
  •  
  • Air Intel Systems (AIS) is an advanced aerial surveillance technology company providing turnkey solutions to military and government agencies around the world. Air Intel's CamCopter technology for Unmanned Air Vehicles (UAV) has been watching over the world since 1985 through its civilian VTOL division, AirStar International.
  •  
  • Air Drone Inc. (ADI) is an advanced Unmanned Air Vehicle (UAV) manufacturer and a leader in Vertical Take off and Landing (VTOL) aerospace technology. Air Drone provides turnkey solutions to military and government agencies around the world. Air Drone's CamCopter and VariScope technology has been keeping watch over the world since 1988 through its civilian VTOL division, AirStar International.
  •  

The current state of MNDP is such that the company recently released an update that says they are expanding operations in order to exploit opportunities to increase ongoing revenue from its AirStar International business (and other businesses).

 

The release states that MNDP has formed divisions, added sales staff, and focused marketing and sales efforts on aerial surveillance, search and rescue, environmental monitoring and filming applications.  In addition, they have expanded both office and manufacturing space to accommodate the projected increased demand.

Josef Obermeier, CEO of Mundus Group, commented,

"Newly acquired subsidiary AirStar International has built a remarkable business, providing unmanned air vehicles for a wide range of customers including government agencies, television and film studios and aerial surveillance companies. AirStar's sales to date have come from word-of-mouth referrals based on its proven, 20-year track record MNDPis working with AirStar to deliver the marketing, sales and corporate expertise needed to take AirStar's business to next level. We are seeing the results in increased sales, new contacts with potential customers, new co-development opportunities and increased market awareness that we believe signal significant growth and increased value for Mundus shareholders." 

Long-Term Major Market Opportunities

As the need for alternative transportation increases and public awareness increases, MNDP will be in an excellent position to become the market leader. As sales increase over time and competition emerges, the company will be well positioned to use information acquired during production and sales, to continually improve its product to better suit the need of its customers.

MNDP continues to innovate in order to meet the needs of a large and growing market. The company has developed a fourth generation jet turbine ducted fan technology which fuses state of the art design engineering and prototype facility with computer assisted auto flight technologies, remote controlled and composite technologies industry segments. Other design modifications have been incorporated to lower the cost of manufacturing and increase economy of operation, space-efficiency and simplicity. In addition, the company reports that the relatively low power requirements for its UAV technology make it possible for alternative fuel-powered operation, broadening its applications and making it even more environmentally benign.

 


 

 

 

 

 Mundus Group Inc.

Period as of

January  26, 2012

Number of Shares Authorized

10,000,000,000

Number of Shares Outstanding

1,429,275,989
Float 1,183,909,465

Short interest

0%

 

ABOUT:

The Mundus Group, Inc. (MNDP) is a publicly-listed, advanced aerospace and technology company that is providing the best solutions to many of the world's most serious issues. Incorporated in 1992, and head quartered in Nevada, MNDP is spearheading a new industry in the surveillance and unmanned aerial vehicles industry. Through its wholly owned subsidiaries Airstar International (ASI) and Roadable Aircraft Inc. (RAI), MNDP has been providing patented Vertical Take Off and Landing (VTOL) and Unmanned Air Vehicles (UAV) technology for commercial and military use, since 1980.

MNDP is at the cutting edge of jet turbine-ducted fan technology and fuses state of the art design engineering and prototype facilities with computer assisted autonomous flight technologies, remote control, HD video wireless linkage and advance optics. From U.S. Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for multiple end uses, MNDP is currently providing and developing revolutionary products with global potential for change that offer economic protection and growth opportunities for investors.

 

Besides ASI and RAI, MNDP currently operates under four other wholly owned divisions. Air Intel Systems (AIS) is a dedicated aerial surveillance business with sales of UAV surveillance systems which provide turnkey solutions to military and government agencies around the world. AirStar Sky Productions will continue ASI's dedicated movie production and cinematography business in Hollywood, California. AirStar UAV 4 Life Search & Rescue will provide search and rescue services and sales for government agencies. AirStar Weather Systems will provide sales and service of dedicated early warning weather technology to the federal and state meteorological observation agencies. This is particularly applicable to Gulf Coast states concerned about hurricanes, and tornado prone states like Kansas, Nebraska and Oklahoma. ASI's CamCopter and VariScope technology has been keeping watch over the world since 1988 through its civilian VTOL division.

In addition, Air Drone Inc. (ADI) (www.airdroneinc.com), will become an advanced UAV manufacturer and a leader in VTOL technology, used to replace all current AirStars in service and provide the ducted fan technology under development. ADI was formed to continue the development that ASI began in 1988 with the design and manufacturing of advanced remote controlled UAV helicopters for the U.S. Army, U.S. Navy, and Northrop Grumman; and has since continued with the University of Southern California, among many others.

KEY INVESTMENT HIGHLIGHTS

  • 25 years of UAV production and established market presence.

  • Proprietary carbon-fiber ducted fan vehicles will be the first compact VTOL vehicle capable of airspeeds of 125-150 mph. (powered by a Rolls Royce 425-horse power jet turbine engine).

  • Holds "Counter Rotating Ducted Fan" patents on the VTOL vehicle: US 6,457,670 and US 2002/0104919A1.

  • All VTOL prototypes, business plans and technology were previously invented, researched, developed and built in California, and remains strategically and intellectually based in the SoCal aerospace industry.

  • High barriers to entry, low comparable competition.

  • Patented VTOL technology co-developed with the U.S. Navy at the Naval Air Warfare Center Weapons Division under a 3-year agreement and partnership with CALSTART (an advanced transportation consortium funded by Lockheed).

  • Street legal vehicle (drives as a car at a top highway speed of 95 mph); takes off and lands just like a helicopter (flying at 1,000 ft. to 14,000 ft.).

  • Ducted fan allows increased safety advantage of having no exposed blades, permitting close and safe operational proximity to pedestrian bystanders, trees, buildings, bridges, traffic and other infrastructure.

  • Innovative approach to a lift and control system for a VTOL vehicle brings a whole new era to remote control vehicles in close inner space operation

  • Stable VTOL platform (using sixteen counter-rotating propellers within a completely enclosed composite) enables the delivery of robotic devices.

  • Ducted fan UAV under development with solar nanotechnology panels could provide sustained flight with zero emissions Text in pink throughout this document will be laid out as call-outs on the website to break up the copy and highlight key information.

2003 UAV VTOL Terminator (above right) was originally proposed for deployment from Trident missile silos. RAI and ASI were the only private companies ever to have an operational presence at the U.S. Navy's secret high tech systems testing range and Naval version of "Skunk Works".

Successful Independent Performance Evaluation & Validation

  • In 2003, ASI entered into a relationship with RAI to build a secret UAV at the Naval Air Warfare Center Weapons Division. Pictured above is the ASI/RAI co- developed, built and flight tested UAV. This UAV was ADI's first prototype and was completed while engaged in a three year Cooperative Research and Development Agreement (CRADA) between 2001 and 2004, with the U.S.

  • NAVY at Point Mugu Naval Air base, in California. The project ultimately culminated in a U.S. Patent for RAI's VTOL vehicle using 16 counter-rotating propellers within a ducted fan enclosure.

  • The UAV developed in 2004 became the test bed for DARPA submissions and proposals for RAI's "Terminator" Orchestrated Remote Controlled Assault/Surveillance Systems (ORCAS); and its robotic surgeon know as Medical Emergency Deployment Aerial Vehicle (MEDAV).

Long-Term Major Market Opportunities

As the need for alternative transportation increases and public awareness increases, MNDP will be in an excellent position to become the market leader. As sales increase over time and competition emerges, the company will be well positioned to use information acquired during production and sales, to continually improve its product to better suit the need of its customers.

MNDP continues to innovate in order to meet the needs of a large and growing market. The company has developed a fourth generation jet turbine ducted fan technology which fuses state of the art design engineering and prototype facility with computer assisted auto flight technologies, remote controlled and composite technologies industry segments. Other design modifications have been incorporated to lower the cost of manufacturing and increase economy of operation, space-efficiency and simplicity. In addition, the company reports that the relatively low power requirements for its UAV technology make it possible for alternative fuel-powered operation, broadening its applications and making it even more environmentally benign.

Rising worldwide awareness of population and economic growth, industrial development, ageing equipment, global warming and increasing pollution continue to drive investments into infrastructure and clean technology.

 March 08, 2011

Mundus Group Inc. an Advanced Technology Company Announces Subsidiary, Goki Manufacturing, to Expand Its Storm Products Racing Equipment Line of Custom High Performance Motocross and All Terrain Vehicle Accessories

LOS ANGELES, March 8, 2011 (GLOBE NEWSWIRE) -- Mundus Group, Inc. (Pink Sheets:MNDP - News) subsidiary, Goki Manufacturing's Storm Products, continues its niche custom parts legacy with easy to install high performance parts available for many major motorcycle brands and All Terrain Vehicles driven by an improvement in the performance over the stock factory installed parts.

"For 40 years, Goki Manufacturing and its Storm Products brand have become well known in the Off Road Bike and All Terrain Vehicle world for their superior engineered parts and durability under the worse conditions imaginable. Storm Products provides custom engineered replacement parts for Honda, Kawasaki, Yamaha and Suzuki that are the professional's choice among top motocross, off road racing and ATV high performance equipment.

Whether it is just easier to grab or the parts provide a noticeable improvement, it is because they have been re-engineered in fundamental ways that change the geometry of your bike to improve cornering without affecting your suspension.

"This is why Storm Products was born... to constantly improve upon the factory original manufactured parts for those who are looking for something unique and tricked out, or a novel innovation that improves performance on the track and in the mud wherever you want to come out on top. Storm is here to push the limits of engineering technology," explained Larry Kirsch, Goki Group Founder/CEO.

World Land Speed Record Holder: Goki Manufacturing

Bonneville Nationals, Inc. and the Southern California Timing Association "Sponsors of the World's Fastest Automotive Speed Trials"

 

  • September 25, 1980 94.074 mph Class A-AB-125 Motorcycle
  • September 27, 1980 100.807 mph Class A-AB-125 Motorcycle


February 28, 2011
Mundus Group, Inc., an Aerospace Technology Company, Announced it Has Acquired LKKO LLC, Parent Company of the Goki Manufacturing Group LOS ANGELES, Feb. 28, 2011 (GLOBE NEWSWIRE) -- The Mundus Group (Pink Sheets:MNDP - News) has announced the acquisition of LKKO LLC ("LKKO"). LKKO will be a fully owned subsidiary of Mundus Group and along with its Goki Manufacturing Group ("GOKI"). LKKO and GOKI bring a state of the art CNC prototyping facility to the Mundus Group with over forty (40) years of experience in machining, fabrication and assembly providing custom, one-off short run and long run production capabilities.

"We are excited to have acquired the LKKO-GOKI Manufacturing Group with its CNC prototyping facility. Its strategic position in the Mundus Group will, in addition to building our patented ducted fan technology, also allow us to move forward with a broader offering of diversified industry sectors with products and sales spanning the movie production industry and high performance parts for the Off Road, All Terrain Vehicle and Motorcycle industries," stated Chairman Keith Field.

 

PRESS RELEASE(s):

Mundus Group, Inc. Announces That Vario USA, Inc., dba Airstar International Have Decided to Part Ways

 Source: Mundus Group, Inc. On Wednesday February 23, 2011, 2:38 pm EST

LOS ANGELES, Feb. 23, 2011 (GLOBE NEWSWIRE) -- After collaborating at various times over the years on projects of mutual interest, Mundus Group (PinkSheets:MNDP - News) and Vario USA, dba Airstar International have decided that the prospects for each will be better served going forward by pursuing their respective goals and interests in the aviation field independently of one another, and have completed the steps needed to implement that decision.

We wish each other well with our respective future endeavors.

 

Mundus Group, Inc. Announces "Patent Approved" for Its Telescoping Wing Locking System

LAS VEGAS, Jan 19, 2011 (GlobeNewswire via COMTEX) -- Mundus Group, Inc. (Pink Sheets:MNDP) has received a patent for the Telescoping Wing Locking System (Patent No.: US 7,832,690 B1) from the United States patent Office for the VTOL Roadable Aircraft Int. division, (RAI). The system enables reliable wing extension and retraction of a telescoping wing in flight. This novel solution to wing articulation addresses a significant challenge facing designers in their effort to offer additional safety features to RAI. The difficulty encountered with earlier designs was the inability to reliably retract the deployed wing under operating loads without reducing clearance tolerances of the mechanism.

Greater clearances between the telescoping wing surfaces had led to accelerated wear and unacceptable service lives of the wing assembly. The solution was an electrometric bladder controlled by an air compressor and valve system. In the inflated mode the assembly is far stiffer than possible with conventional methods and the lubricated gasket all but eliminates the erosion issues first encountered. Once deflated, the retraction functions free of excessive surface friction thus addressing the risk of retraction failure.

"The significance of this invention to our designers is profound. The ability to offer a wing retraction feature will improve vehicle safety with a much simpler approach than competing designs that our team has considered. It is important because it provides lift to the ducted fan's primary Vertical Take Off and Landing VTOL thrust, once in flight and the telescopic wings allow forward flight to be more effectively controlled with the additional safety benefit of being able to glide and land safely.

In the current AutoDesk Inventor 3D design, the addition of a canard winglet at the front of the aircraft would prevent stalling and as this front canard winglet would drop first the craft would nose dive enough to pick up forward motion and the telescopic wings would provide lift with airspeed and improved lifting surfaces stabilize flight control easier," said Keith Field, Mundus Group Chairman.

RAI plans to revolutionize VTOL "inner space" travel with its patented configuration utilizing counter rotating propellers within a ducted fan that are unexposed and thereby allowing take offs and landings without the inherent danger found in the typical helicopter propellers of the current technology.

About Mundus Group, Inc.:

The Mundus Group, Inc. (Pink Sheets:MNDP) is an advanced aerospace technology consortium providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) since 1990 through its fully owned VTOL division, Roadable Aircraft International (RAI). From State of the Art, RC Remote Controlled Unmanned UAV Air Vehicles for aerial camera movie production and environmental testing to advanced VTOL aerospace technology for civilian and military uses, Mundus Group, Inc. is developing broad product and service offerings to provide economic protection and growth opportunities for investors.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Mundus Group, Inc.

 

 

 

NEW YORK, NY -- (Marketwire) -- 01/12/10 -- Mundus Group, Inc.'s ( MNDP) 2010 revenues have been estimated at $75 million dollars by Grass Roots Research and Distribution Inc.

Mundus Groups subsidiary AirStar International, a market leader in Vertical Take Off and Landing (VTOL) Unmanned Air Vehicles (UAV), has had contracts with the US Army, US Navy, Northrop Grumman, and Guided System Technology, with more proposals lined up in the near future.

Applications of AirStar products show to be almost limitless. AirStar UAV's have been used in a wide range of applications from weather forecasting to film work on Hollywood blockbusters like "Terminator Salvation."

To view the entire research report, please visit www.grassrootsrd.com/grassrootsrd/Reports/mundus_group.pdf.

 

WallstreetStockReview.com on Mundus Acquisition Newly acquired subsidiary AirStar International
Latest Acquisition Paving the way for Success.

(EMAILWIRE.COM, December 22, 2009 ) Del Mar, CA -- Josef Obermeier, CEO of Mundus Group, recently commented on his satisfaction with the AirStar Acquisition, "Newly acquired subsidiary AirStar International has built a remarkable business, providing unmanned air vehicles for a wide range of customers including government agencies, television and film studios and aerial surveillance companies. AirStar's sales to date have come from word-of-mouth referrals based on its proven, 20-year track record. Mundus Group is working with AirStar to deliver the marketing, sales and corporate expertise needed to take AirStar's business to next level. We are seeing the results in increased sales, new contacts with potential customers, new co-development opportunities and increased market awareness that we believe signal significant growth and increased value for Mundus shareholders."

 

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Top Gun of UAV Aerial Cinematography for Motion Picture Industry

AirStar founder Josef Jobstl, who grew up not far from fellow Austrian Arnold Schwarzenegger, came to Hollywood at Mel Gibson's invitation in 1985. Mr. Jobstl points out, "After working with Arnold on some tight aerial action movie productions... I told him 'I'll be back,' and after that Arnold used my 'I'll be back' in the first Terminator movie," Mr. Jobstl jests with a smile. When Arnold Schwarzenegger needed impossible extreme action footage of an explosion of vehicles moving inside of a tunnel he called for AirStar Production's CamCopter.

Well AirStar is back and it worked on the Terminator Salvation feature film now playing across the US as one of the blockbuster, must see summer movies.

 


 




Chatsworth, California 01-31-2012---- Mundus Group, Inc. (MNDP) announces successful flight tests of Air Drone's Heavy Lift VTOL Ducted Fan UAV with global interest.

Previously the Ducted Fan technology was developed by US Navy and Mundus Group subsidiary, Roadable Aircraft Inc culminating with a Vertical Take Off and Landing (VTOL) ducted fan Patent under a 3-year (CRADA) Co-Operative Research and Development Agreement with US Navy at Point Mugu Navy Base (NAWCWD) Naval Air Warfare Center Weapons Division between 2001 and 2004.

Josef Obermeier CEO points out, "The Air Drone UAV, designed and built by Mundus UAV aerospace director, Justin Chapman, is a wingless wonder. The Omni Drone as we call it is amazingly quiet, with zero emissions, lifts straight up at 100 feet per second carrying 25lb payload, and will ascend 20 feet per second with a 50lb payload and hover at whatever GPS (positioning and altitude) are designated. The test vehicle is undergoing payload configuration tests and is the first in a series of "Heavy Lifting" VTOL Safety Drones planned using the ducted fan for close operation to infrastructure and pedestrian proximity.
Ease of use is made simple with joystick familiarity and the self-stabilizing counter rotating propellers within the carbon fiber duct protects the immediate vicinity from any exposure to propellers because they are completely enclosed making it ideal for close operation to buildings and infrastructure like dams and bridges which will be easier to examine with this VTOL platform. We have letters of interest from around the world and look forward to going into production and fulfilling orders".

Mundus is interested in the market potential for Ducted Fan Technology potential as a replacement for existing RC UAV helicopters in service that would allow greater access with safer unexposed propellers that can go where no helicopter can go in silence with zero emissions fully VTOL operational in municipal observation, surveillance and urgent response situations for law enforcement, public safety and protection and those government agencies charged with insuring public and private property.

Sources:
www.mundusgroupinc.com
www.mundusgroupinc.com/photos.html
http://www.zyn.com/flcfw/fwnews/fwarch/fw012.htm
http://www.roadableaircraftinc.com/rai_patents.htm
 

 

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22370 / May 16, 2012

Securities and Exchange Commission v. Nicholas Louis Geranio, et al.Civil Action No. CV-12-4257-DMG (JCx) (C.D. Cal.)

SEC CHARGES U.S. PERPETRATORS IN $35 MILLION INTERNATIONAL BOILER ROOM SCHEME

The Securities and Exchange Commission announced that the SEC filed an action today against SEC recidivist Nicholas Louis Geranio, Keith Michael Field, The Good One, Inc. and Kaleidoscope Real Estate, Inc. for their roles in a $35 million scheme to manipulate the market and to profit from the issuance and sale of certain U.S. companies’ (“Issuers’”) stock through offshore boiler rooms. The scheme ran from approximately April 2007 to October 2009. 

According to the SEC’s complaint, the scheme worked as follows:  Geranio organized eight U.S. Issuers, installed management (including Field), and entered into consulting agreements with them through his alter-ego entities The Good One and Kaleidoscope.  Geranio then allegedly set up a common system to raise money through the Issuers’ sale of Regulation S shares to offshore investors by boiler rooms that Geranio recruited.  Field allegedly drafted materially misleading business plans, marketing materials, and website material for the Issuers, which the offshore boiler rooms provided to investors as part of their fraudulent solicitation efforts. 

The complaint further alleges that Geranio directed traders, including Field, to engage in matched orders and manipulative trades to establish artificially high prices for at least five of the Issuers’ stock and to deceptively convey to the market the impression that legitimate transactions had created bona fide prices for the stock.  According to the complaint, this manipulation of the publicly-traded stock price allowed the boiler rooms to sell the Regulation S shares at a higher price to the overseas investors.   The complaint alleges that the boiler rooms, teams of unregistered telemarketers operating mostly from Spain, used high-pressure sales tactics and materially false statements and omissions to induce the investors (many of them elderly and located in the United Kingdom) to buy the Issuers’ Regulation S stock.  Investors then sent their money to U.S.-based escrow agents, who paid 60% to 75% of the approximately $35 million in proceeds to the boiler rooms as their sales markups, kept 2.5% as their fee, and paid the remaining proceeds to the Issuers.  The Issuers (or in some cases the escrow agents) then funneled approximately $2.135 million of the proceeds of the Regulation S sales to Geranio, through The Good One and Kaleidoscope, and paid Field approximately $279,000. 

Return of the boiler room: SEC sues Nicholas Louis Geranio

See the SEC’s litigation release in full below. See also the full complaint (pdf). My comments, along with excerpts from the legal complaint, are below the litigation release.

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22370 / May 16, 2012  Securities and Exchange Commission v. Nicholas Louis Geranio, et al.

Civil Action No. CV-12-4257-DMG (JCx) (C.D. Cal.)

SEC CHARGES U.S. PERPETRATORS IN $35 MILLION INTERNATIONAL BOILER ROOM SCHEME

The Securities and Exchange Commission announced that the SEC filed an action today against SEC recidivist Nicholas Louis Geranio, Keith Michael Field, The Good One, Inc. and Kaleidoscope Real Estate, Inc. for their roles in a $35 million scheme to manipulate the market and to profit from the issuance and sale of certain U.S. companies’ (“Issuers’”) stock through offshore boiler rooms. The scheme ran from approximately April 2007 to October 2009.

According to the SEC’s complaint, the scheme worked as follows:  Geranio organized eight U.S. Issuers, installed management (including Field), and entered into consulting agreements with them through his alter-ego entities The Good One and Kaleidoscope.  Geranio then allegedly set up a common system to raise money through the Issuers’ sale of Regulation S shares to offshore investors by boiler rooms that Geranio recruited.  Field allegedly drafted materially misleading business plans, marketing materials, and website material for the Issuers, which the offshore boiler rooms provided to investors as part of their fraudulent solicitation efforts.

The complaint further alleges that Geranio directed traders, including Field, to engage in matched orders and manipulative trades to establish artificially high prices for at least five of the Issuers’ stock and to deceptively convey to the market the impression that legitimate transactions had created bona fide prices for the stock.  According to the complaint, this manipulation of the publicly-traded stock price allowed the boiler rooms to sell the Regulation S shares at a higher price to the overseas investors.   The complaint alleges that the boiler rooms, teams of unregistered telemarketers operating mostly from Spain, used high-pressure sales tactics and materially false statements and omissions to induce the investors (many of them elderly and located in the United Kingdom) to buy the Issuers’ Regulation S stock.  Investors then sent their money to U.S.-based escrow agents, who paid 60% to 75% of the approximately $35 million in proceeds to the boiler rooms as their sales markups, kept 2.5% as their fee, and paid the remaining proceeds to the Issuers.  The Issuers (or in some cases the escrow agents) then funneled approximately $2.135 million of the proceeds of the Regulation S sales to Geranio, through The Good One and Kaleidoscope, and paid Field approximately $279,000.

The SEC filed its action in the U.S. District Court for the Central District of California, alleging that: Geranio, Field, The Good One and Kaleidoscope violated Sections 17(a)(1) and (3) of the Securities Act of 1933 (Securities Act) and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 10b-5(a) and (c) thereunder; Field also violated Section 17(a)(2) of the Securities Act and aided and abetted the Issuers’ violations of Section 10(b) of the Exchange Act and Rule 10b-5(b) thereunder; and Geranio also is liable as a control person of The Good One and Kaleidoscope under Exchange Act Section 20(a). The SEC seeks in its action permanent injunctions, disgorgement plus prejudgment interest, civil penalties, and penny stock bars against all defendants, and also officer and director bars against Geranio and Field. The complaint further seeks disgorgement and prejudgment interest against relief defendant BWRE Hawaii, LLC based on its alleged receipt of investor funds.

The Issuers from April 2007 through October 2009 were: Green Energy Live, Inc.; Spectrum Acquisition Holdings, Inc.; United States Oil & Gas Corp.; Mundus Group, Inc.; Blu Vu Deep Oil & Gas Exploration, Inc.; Wyncrest Group, Inc.; Microresearch Corp.; and Power Nanotech, Inc.

In 2000, the United States District Court for the Central District of California enjoined Geranio from future violations of the antifraud and securities registration provisions of the federal securities laws as part of his settlement of an enforcement action that the SEC brought against him and California Laser Company. See Litigation Release No. 16628 (July 14, 2000).

One of the more interesting things about this lawsuit is that it shows just how much control the ‘man behind the scenes’ has over penny stocks. The SEC alleges that Geranio bought up the corporate shells used in the pump and dumps, chose the CEOs, and gave those CEOs detailed instruction on what to do. He also allegedly orchestrated the boiler rooms and directed manipulative trading.

32. During the relevant time period, Geranio located and acquired shell companies through a “prospecting” system that he developed. As part of this system, Geranio sent out letters to shell companies he identified from lead-lists. Geranio found the companies that became the Issuers through these prospecting efforts.

33. Geranio then found and appointed management for the Issuers, which typically consisted ofField as a director and/or officer and a CEO who performed administrative recordkeeping duties related to Regulation S sales and prospecting for acquisitions. In some cases, Geranio appointed friends or business associates as officers of the Issuers. For example, the former CEO ofBlu Vu was someone Geranio met “kite surfing” in Malibu.

34. During the relevant time period, Geranio also hired the CEOs of Spectrum, Green Energy, Blu Vu, USOG, and Mundus; the presidents ofPower Nanotech and Wyncrest; and an interim president ofMicro research.

74. Geranio instructed Traders A, B, C and D and others to engage in a total of at least five matched orders. In addition, Geranio made at least four additional manipulative trades through The Good One.

75. “Matched orders” are orders for the purchase or sale of a security that are entered with the knowledge that orders of substantially the same size at essentially the same price have been or will be entered by the same or different persons for the sale or purchase ofthe same security.

The alleged operation of the boiler rooms is particularly interesting: according to the SEC, the boiler rooms were in Spain, and the shares that were sold were Regulation S shares (exempt from registration because they are sold to people outside the USA). These shares were mostly sold to British investors, often at a discount to the (artificially high) market price. The boiler rooms used not only high pressure sales tactics but allegedly engaged in outright fraud and lies.

 125. Geranio recruited the boiler rooms to raise money for the companies. Prior to the creation of Green Energy, Geranio traveled to Spain to talk to overseas advisors to find investors or ways to raise capital without having to go through investment bankers.

126. Geranio recruited, and negotiated the terms ofthe agreements with, at least two boiler room teams and with the persons who served as liaisons with three other boiler room teams.

127. The fonner CEOs of Green Energy ‘and Spectrum asked Geranio about one boiler room’s exorbitant 80% sales commissions and Geranio responded by claiming that the boiler room would not work for less and adding, “As we get bigger and more established, we’ll get better deals …. Trust me, this is what -this is good as you’re going to get -or we’re going to get.”

140. First, the boiler rooms made explicit additional false statements to investors about the Issuers, such as claims that:

• Mundus, Microresearch and W AM traded on the NASDAQ stock exchange when, in reality, none ofthose companies has ever traded on a listed exchange;

• Blu Vu had discovered oil seventy miles off the coast of Miami;

• the u.S. government provided research grants and the US Navy provided facilities for Mundus; • Green Energy was doing test runs with McDonalds restaurants to convert its refuse into petroleum;

• W AM had projects in South Africa and Mongolia and had received two large investments by Barclays and an additional $26 million infusion;

• Boeing had developed a 747 aircraft to run on fuel developed by Power Nanotech; and

• the U.S., German, and Swiss governments were interested in Power Nanotech’s technology.

142. Third, in telephone conversations with investors, the boiler rooms failed to inform the investors up front that their shares were restricted shares, and therefore subject to a one-year holding period pursuant to Regulation S. For example, one investor expected to receive Initial Public Offering shares and was surprised to see any restriction.

The main defendant in the lawsuit, Nichoals Geranio, is no stranger to the SEC:

13. Defendant Nicholas Louis Geranio, also known as Nick Louis, is a resident ofHaleiwa, Hawaii. During the relevant time period, he controlled The Good One and Kaleidoscope. On July 14, 2000, Geranio settled an emergency enforcement action that the Commission filed against him on April 30, 1999, consenting to an injunction against future violations ofthe antifraud provisions for his role in an alleged offering fraud involving California Laser Company. SEC v. Nicholas L. Geranio and California Laser Company, Civil Action No. 99-4702 WJR (AIl) (C.D. Cal. Jul. 7, 1999), SEC Lit. ReI. No. 16628 (Jui. 14,2000). On at least one occasion during the relevant period, Geranio used an address at a UPS Store in Calabasas, California to procure services for Green Energy Live.

 

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22865 / November 7, 2013

Securities and Exchange Commission v. Nicholas Louis Geranio, et al., Civil Action No. CV12-04257 (C.D. Calif. May 16, 2012)

SEC Obtains Final Judgment Against Defendants Charged with Perpetrating $35 Million International Boiler Room Scheme

The Securities and Exchange Commission announced that the United States District Court for the Central District of California entered a final, settled judgment against defendants Nicholas Louis Geranio, The Good One, Inc., and Kaleidoscope Real Estate, Inc. for their roles in a $35 million scheme to manipulate the market and to profit from the issuance and sale of certain U.S. companies' stock through offshore boiler rooms.

Pursuant to the judgment issued on November 1, 2013, the court ordered Geranio, The Good One and Kaleidoscope jointly and severally to pay disgorgement of $2,135,000, prejudgment interest thereon of $427,270, and a civil penalty of $500,000, barred them from participating in any offering of penny stock, and permanently enjoined them from violations of the antifraud provisions of the federal securities laws. The judgment also barred Geranio from acting as an officer or director of any public company and ordered him to pay an additional $279,000 in disgorgement plus prejudgment interest thereon of $55,835, representing monies received by another defendant, Keith Field, provided that the SEC shall not obtain double recovery from Geranio and Field. Finally, the judgment ordered relief defendant BWRE Hawaii, LLC to pay, jointly and severally with Geranio, The Good One, and Kaleidoscope, an additional $240,000 in disgorgement plus prejudgment interest thereon of $55,295.

The SEC's complaint, filed on May 16, 2012, alleged that defendants' scheme worked as follows:

  • From approximately April 2007 to October 2009, Geranio organized eight U.S. companies: Green Energy Live, Inc.; Spectrum Acquisition Holdings, Inc.; United States Oil & Gas Corp.; Mundus Group, Inc.; Blu Vu Deep Oil & Gas Exploration, Inc.; Wyncrest Group, Inc.; Microresearch Corp.; and Power Nanotech, Inc. (the "Issuers"), installed management, and entered into consulting agreements with them through his alter-ego entities The Good One and Kaleidoscope.
  • Geranio then set up a common system to raise money through the Issuers' sale of Regulation S shares to investors by offshore boiler rooms that Geranio recruited, and also directed traders to engage in matched orders and manipulative trades to establish artificially high prices for at least five of the Issuers' stock.
  • The boiler rooms used high-pressure sales tactics and materially false statements and omissions to induce the investors, many of them elderly and from the United Kingdom, to buy the Regulation S stock. The boiler rooms received 60% to 75% of investors' funds as undisclosed sales markups, while Geranio received $2,135,000 through The Good One and Kaleidoscope and BWRE Hawaii received $240,000. Defendant Keith M. Field remains a defendant in the case.

For further information, please see Litigation Release Number 22370 (May 16, 2012).

 

http://www.sec.gov/litigation/litreleases/2013/lr22865.htm


 

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#5971   Going to set a new high soon great buying HallaDurg 06/06/17 10:24:13 AM
#5970   MNDP amazing volume this week. Caveat Emptor 06/06/17 10:11:31 AM
#5969   $MNDP: About to hit $0.0007s makinezmoney 06/06/17 09:47:17 AM
#5968   When is quiet is because they still in Smarttrader25 06/05/17 08:52:31 PM
#5967   Giant slap eod. And board is extremely cbo 06/05/17 07:48:24 PM
#5966   Holly crap this just broke a 5 year Smarttrader25 06/05/17 04:17:08 PM
#5965   Looks like it is MNDP's time Wishmaster 06/05/17 04:02:16 PM
#5964   Closed on the 0005s !!!!!!!!!!!!!! makinezmoney 06/05/17 04:00:32 PM
#5963   Anyone want the last of those 4s ? HallaDurg 06/05/17 03:57:56 PM
#5962   120Million bidding $0.0003 makinezmoney 06/05/17 03:24:56 PM
#5961   another "T" trap!!!!! Buzzie 06/02/17 12:27:54 PM
#5960   $MNDP: Moving now.... $0.0004 makinezmoney 06/02/17 11:59:49 AM
#5959   Too many A/S. If this starts to attract Aarons 04/30/17 06:57:55 PM
#5958   What's up. I see some green in my MVIR 04/07/17 04:34:07 PM
#5957   tell your friends lets get this one going gh0st 04/07/17 03:33:38 PM
#5956   Definitely interesting MrK 04/07/17 02:58:13 PM
#5955   strange volume... a lot of these quiet ones gh0st 04/07/17 02:56:58 PM
#5954   $MNDP interesting grabbed a few MrK 04/07/17 02:20:46 PM
#5952   11 cent trade.... Foxwoods Man 07/26/15 03:13:12 PM
#5951   No I didn't. Looks like volume was only THEGOOGLE5 07/26/15 12:54:08 PM
#5950   Did you see this jump on friday? tmfm 07/26/15 11:46:11 AM
#5949   Did you see this jump on friday? tmfm 07/26/15 11:45:38 AM
#5948   Ummm... did anybody see this jump 9000% on friday? tmfm 07/26/15 11:43:06 AM
#5947   Makes me wonder if MNDP is getting ready THEGOOGLE5 06/12/14 02:37:52 PM
#5946   I would like to know what they do. Foxwoods Man 04/10/14 07:01:02 AM
#5945   still have a bid and ask. I guess john12341 04/09/14 07:02:43 PM
#5944   Just saw the BID ASK at EOD... BID THEGOOGLE5 04/08/14 06:08:11 PM
#5943   This is how they start. WPWR DPSM BIZM. dazetrader 04/08/14 05:31:26 PM
#5942   The way it is worded says the company Foxwoods Man 04/06/14 07:24:48 AM
#5941   that is why it is worded like it john12341 04/05/14 07:00:04 PM
#5940   You're kidding right? Foxwoods Man 04/05/14 04:50:53 PM
#5939   if some one out there knows something we john12341 04/05/14 04:32:56 PM
#5938   it's called dummies bigtoe1963 04/03/14 10:21:11 AM
#5937   I think so but don't know what. I john12341 03/22/14 10:13:55 AM
#5935   Maybe next week we will be seeing 2's THEGOOGLE5 03/22/14 02:29:26 AM
#5934   mndp is still holding a bid and ask. john12341 03/21/14 09:01:06 PM
#5933   MNDP is looking good kranthikumar 03/19/14 09:52:36 AM
#5932   Never said I was buying. Just keeping a THEGOOGLE5 03/17/14 07:31:02 PM
#5931   lol im not pissed.its pinky land,thats just the mknmoney 03/17/14 07:27:55 PM
#5930   Well if all you had was 1500 shares THEGOOGLE5 03/17/14 02:56:44 PM
#5929   You are absolutely correct...I should reconsider and pay Foxwoods Man 03/17/14 02:40:07 PM
#5928   Still not a reason to wipe out all THEGOOGLE5 03/17/14 02:34:14 PM
#5927   Well not really. I would be upset if Foxwoods Man 03/17/14 02:28:16 PM
#5926   I would be upset too if I told THEGOOGLE5 03/17/14 02:15:28 PM
#5925   Yup, remember the killer mosquito zapping drones. I Foxwoods Man 03/17/14 06:57:47 AM
#5924   d r o n e s DayTrades 03/17/14 12:16:03 AM
#5923   for all of u that have not listened mknmoney 03/15/14 03:33:58 PM
#5922   at least it looks like we might have john12341 03/15/14 11:52:35 AM
#5921   And it held a bid all week..... THEGOOGLE5 03/15/14 11:30:50 AM
#5920   mndp barchart has this at a 72% buy sentiment. john12341 03/15/14 12:42:54 AM
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