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Thursday, April 24, 2008 9:10:07 PM
Looks like a cash-drainer, from swvc, directly to the
maybe-profitable stuff that WAS NOT INCLUDED in the
NCH 'acquisition' .
Just google "Quantified Purchasing Resources"
and ONLY 10 THINGS POP UP.
All 'connected' to the CEO of NCH.
Here's the best of the ONLY 10 Results :
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[DOC] "WALL STREET CORNER"File Format: Microsoft Word - View as HTML
Purchasing -- Quantified Purchasing Resources negotiates long-term purchasing contracts. with national food distributorships to bring lower food costs to ...
www.wallstreetcorner.com/ss2.html?Symbol=UFSJ - Similar pages - Note this
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And, here's the best part, of the best of the 10 google hits :
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On 6/5/2006, CEO Christopher Swartz said: "In the past nine months Ultimate Franchise Systems has made a number of organizational changes to correctly align our operational activities with our business model. We feel it's a good time to start informing the investment marketplace about these changes & the recent additions to the company's portfolio."
UFSJ is now operating from the following four distinct platforms that diversify the company's revenue streams:
1. Finance -- through its affiliation with Heathrow Equity Partners, which has raised over
$5 million in investment capital in the last 12 months, resulting in over $20 million in
additional market valuations for affiliate companies. See www.HeathrowEquity.net
2. Management -- assisting & managing its network of over 600 franchise affiliates & 14
brands.
3. Purchasing -- Quantified Purchasing Resources negotiates long-term purchasing contracts
with national food distributorships to bring lower food costs to its network of franchises.
QPR purchases over $100 million per year of food products for its network of franchise
affiliates.
4. Franchising – FransAction provides a seasoned team of franchising experts to help increase
each brand’s network of area developers and franchise affiliates.
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So, it appears that Swartz still owns "QPR" , but
DID NOT SELL IT TO swvc, as part of the NCH+swvc 'merger'.
And, from now on, swvc + NCH must pay cash to QPR, just
to buy stuff that NCH should be able to buy cheaper, all
by itself. Since, QPR seems to have only 1 'customer' ,
which Swartz just 'sold' to swvc.
We will just let the SEC decide if this is OK.
extra, Sincerely. But, just IOO, as always.
P.S. ; We wonder who else gets paid in cash from swvc.
Maybe some of that stuff should be in the missing half
of the not-quite-balanced iBox.
Averaging-down is profitable, for shorters, only.
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