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Re: lasernat post# 187

Tuesday, 05/15/2007 11:34:31 PM

Tuesday, May 15, 2007 11:34:31 PM

Post# of 539
I think the biggest asset the company has is the CEO himself, Joseph R. Cellura. This man knows how to make deals, he has created or expanded on several subsidiaries in the past and got several big-time people to partner with him. Can you imagine signing Gene Simmons (KISS) up on your management team? Or signing up the creator of "The Happy Meal"? His problem was he expanded too fast and then the creditors sued to force him into bankruptcy instead of trying to work though it. Joseph sold off most of the subsidiaries to pay off the creditors and get the company back on track. I know he sold Malibu Beach Beverages and SMARTVoice Telecommunications. I haven't found anything saying that Malibu Entertainment or the Floating Bed have been sold. Still a lot of information to sort through.

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