ComCam International, Inc.(fka CMCJ)

[kire22]

Okay lets go way back...

Since we have documented cmcj presidents last 20+ years (please see below) as a perfect record of every company failing, in fact not even in business, and all shares worthless.

Okay Pete Ianace also throws around Intelect. Well lets go way back in the time machine before the decades of failures and see what was really accomplished....hmmmm

Well he was the president of intelect network technolgies a "subsidiary" of the main company...remember not the parent company...

you know how vanilla Biz Journals are lets see what they said about Ianace...seems like ianace was starting something else at the time its hard to keep up as he fails at such a high rate...

"That could change soon, as Pete Ianace, former president of the Intelect division that handled SonetLYNX, may join the company after working out a severance package with his former employer.

Ianace, who for now is acting as a consultant to GNS, had a controversial tenure at Richardson-based Intelect. The company's revenue has taken a tumble in the last several years, largely because it chose to aim SonetLYNX at the Korean market.

The Asian financial flu largely wiped out Intelect's Korean base..."

http://www.bizjournals.com/dallas/stories/1999/04/05/story4.html

Love the part about how the flu was responsible for his failure lol...

So what could be so controversial hmmmm maybe part of it was usual ianace bag of tricks he was just starting on - lets start with the shareholder lawsuit...seems like ianace was president during that time as well...what a surprise boys and girls...geez bad things just always seem to hapen on his watch...

UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
MICHAEL MONAHAN, on behalf of himself
and all persons similarly interested,
Plaintiff, Civil Action No. 02-CV-496M
v.
ARTHUR ANDERSEN LLP,
Defendant.
NOTICE OF PENDENCY OF CLASS ACTION
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED SHARES OF
INTELECT COMMUNICATIONS, INC. N/K/A TERAFORCE TECHNOLOGY
CORP. (“INTELECT”) COMMON STOCK BETWEEN MARCH 31, 1998 AND
NOVEMBER 17, 1998, INCLUSIVE (THE “CLASS”).
PLEASE TAKE NOTICE that pursuant to Rule 23 of the Federal Rules of Civil Procedure and an
Order of the United States District Court of the Northern District of Texas dated May 5, 2004, the above captioned
action has been certified to proceed as a class action on behalf of:
All persons who purchased or otherwise acquired shares of Intelect common
stock between March 31, 1998 and November 17, 1998, inclusive, excluding
Arthur Andersen LLP; and Herman Frietsch, Edwin J. Ducayet, Jr. and
Peter Ianace, and members of their immediate families; Intelect
Communications, Inc.; and any subsidiary, affiliate, or control person of any
person or entity listed above.
THIS NOTICE IS PROVIDED TO YOU TO INFORM YOU OF THE PENDENCY OF THE
ACTION, THE COURT’S DECISION TO CERTIFY THE LAWSUIT TO PROCEED AS A
CLASS ACTION AND YOUR RIGHT TO ELECT TO OPT-OUT OF THE CLASS. THIS
NOTICE SETS FORTH A SUMMARY OF THE ACTION AND YOUR RIGHTS AND
OBLIGATIONS AS A MEMBER OF THE CERTIFIED CLASS.
PLEASE READ THE NOTICE CAREFULLY AS YOUR RIGHTS MAY BE AFFECTED
BY THE LAWSUIT.
THIS NOTICE IS NOT TO BE CONSTRUED AS AN EXPRESSION OF ANY OPINION
BY THE COURT WITH RESPECT TO THE MERITS OF THE REPRESENTATIVE
CLAIMS OR DEFENSES. THIS NOTICE IS PROVIDED MERELY TO ADVISE YOU OF
THE PENDENCY OF THE ACTION AND THE RIGHTS YOU MAY HAVE WITH
RESPECT TO IT.
DESCRIPTION OF THE LITIGATION
The Amended Complaint in this case, filed on March 3, 2003, alleges that Intelect’s 1997 financial statements
were materially overstated in violation of Generally Accepted Accounting Principles. The Amended
Complaint alleges that Arthur Andersen LLP’s (“Andersen”) audit opinion for its audit of Intelect’s financial
statements for the year ended December 31, 1997 (which was filed with Intelect’s Report on Form 10-K on
March 31, 1998) violated Generally Accepted Auditing Standards. The Class Period is defined as March 31,
1998 through November 17, 1998, inclusive.
Among other things, the Amended Complaint alleges that Andersen knew or severely recklessly disregarded:
(1) that Intelect had improperly recognized millions of dollars of revenue in 1997 from four of its
largest customers; (2) that Intelect failed to adequately reserve for uncollectible receivables; and (3) that Intelect
failed to properly accrue warranty costs for product shipped in 1997. In addition, the Amended Complaint
alleges that Andersen failed to issue a going concern qualification to its audit of Intelect’s 1997 financials.
On November 5, 2003, the Honorable Barbara Lynn of the United States District Court of the Northern
District of Texas denied Andersen’s motion to dismiss the Amended Complaint. On May 5, 2004, Judge Lynn
certified the class as described above and appointed Michael Monahan as class representative.
RIGHTS AND OPTIONS OF CLASS MEMBERS
If you are a member of the Class, as defined above, you should understand and carefully consider the
following statements and choices:
1. You will be a member of the Class unless you request to be excluded. The final judgment entered in
this case will include, and will be binding upon, all members of the Class who do not request exclusion,
whether or not the judgment is favorable to plaintiffs. YOU NEED NOT DO ANYTHING NOW TO PARTICIPATE
AS A MEMBER OF THE CLASS AND TO SHARE IN ANY POTENTIAL RECOVERY
OBTAINED IN THIS ACTION.
2. If you do not wish to be included as a member of the Class in this Action, you may be excluded if you
mail by first class mail a written request for exclusion postmarked no later than August 20, 2004, addressed to:
Intelect Securities Litigation
c/o Berdon Claims Administration LLC
P.O. Box 9014
Jericho, NY 11753-8914
Your request for exclusion must set forth: (a) your name, address and telephone number; (b) the number
of shares and dates of each purchase and sale of Intelect common stock during the Class Period; (c) the
name(s) in which such Intelect stock was registered and; (d) a signed statement that “the undersigned hereby
requests to be excluded from the Class.” If your exclusion request is timely received: (a) you will be excluded
from the Class; and (b) you will not be allowed to share in a recovery, if any, in this Action.
3. If you do not request exclusion from the Class, you may enter an appearance in the Action through
counsel of your own choice, but you have no obligation to do so. If you do enter an appearance through your
own counsel, you will bear the cost of such counsel’s fees.
All members of the Class who do not request exclusion therefrom and do not enter an appearance through
counsel of their own choice will be represented by plaintiffs’ counsel. Counsel for plaintiffs and the Class are:
2
KAPLAN FOX & KILSHEIMER LLP SCHWARTZ, JUNELL,
Robert N. Kaplan GREENBERG & OATHOUT
Christine M. Fox Roger B. Greenberg
805 Third Avenue, 22nd Floor 909 Fannin, Suite 2000
New York, NY 10022 Two Houston Center
Tel: [phone] Houston, TX 77010
Fax: [phone] Tel: [phone]
Fax: [phone]
Plaintiffs’ Lead Counsel Plaintiffs’ Local Counsel
ATTORNEYS’ FEES AND EXPENSES
The attorneys’ fees for plaintiffs and the Class are contingent on success. The expenses that are incurred
in the prosecution of the Action for plaintiffs and the Class are being advanced by the attorneys for the Class.
If you remain a member of the Class, you will have no personal liability for attorneys’ fees and expenses in
the event plaintiffs do not prevail. If plaintiffs and the Class do prevail, recovery for the benefit of the Class
will be first subject to deductions for the expenses of prosecuting the litigation and attorneys’ fees as may
be allowed by the Court.
CHANGE OF ADDRESS
If your address changes in the future, or if this Notice was sent to an old or incorrect address, please send
written notification of your new address to:
Intelect Securities Litigation
c/o Berdon Claims Administration LLC
P.O. Box 9014
Jericho, NY 11753-8914
Fax: [phone]
If the Notice Administrator does not have your correct address, you may not receive notice of important
developments in this Class Action lawsuit, and you may not receive your share of any money recovered by
the Class.
EXAMINATION OF PAPERS
All of the above descriptions of allegations, responses and other matters in this Class Action are only
summaries and do not include all important matters relating to the Action. The pleadings and other papers
filed in this Action are public records and are available for inspection during regular business hours at the
Clerk’s Office, United States District Court for the Northern District of Texas, 14A20 Earle Cabell Federal
Bldg., 1100 Commerce Street, Dallas, Texas 75242. If you have any further questions with respect to this
Class Action or about this Notice, you may direct such questions to Kaplan Fox & Kilsheimer LLP or
Schwartz Junell Greenberg & Oathout.
PLEASE DO NOT CONTACT THE COURT OR THE
CLERK’S OFFICE REGARDING THIS NOTICE.
Dated: July 7, 2004 BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT



Read more: Ex-Intelect execs start new venture | Dallas Business Journal

Documented Failure:

Read again. He was President of all these companies. Two minutes of research would prove all this. He was President. They are all out of business. Shareholder value zero. Any questions?

BUYER BEWARE:
HERE IS THE BIO OF YOUR "PRESIDENT"

This is easy for anyone to do research on the verify.

The past 20 years of Pete Ianace CMCJ President: The Real Bio:

Your Presidents Bio does not Include the last 20+ Years.

I will give it to you.

VNTK - failure - out of business - scam company - trail of misery and destruction - Principals were doing illegal activity - fake shells etc - bad stuff from bad people..one of the principals of VNTK was indicted on another stock scam while this pos was still operating and had to step down - wink wink..


EPRT - failure - out of business - kaput another absolute joke - yeah they had all kinds of contracts yada yada yada - Millions and millions...joke..another penny stock debacle..basically took the stuff from VNTK even the same jargon - it was hysterical to watch....go to raging bull and read the dysfunction - again a trail of misery and destruction for all shareholders...again company is where today? Oh yeah no longer in business - run pete run...

KIWI - I'm not even going to call this anything - the corporate office was basically a Mail Box Etc - Oh yeah they wink-wink "bought" companies as well and believe it or not this company run out of PO Box had huge contracts 8M Beta Contract in Dubai ROTFLMAO -- of course this shell failed as well - need I even have to say this - geez why do all these companies with like Millions of dollars in contracts go out of business hmmmm

How funny is this: KIWI Network Solutions, Inc., (OTCBB: KWNS - News) a broadband infrastructure and service provider working in partnership, announced today that it has completed an $8 million contract with Teltek Canada Inc. (http://www.teltekcanadainc.com/) to supply broadband platform, devices and applications for initial deployment in Kuwait City, Kuwait. All from a PO Box amazing huh....what a joke...

Every single company is no longer in business and if you hold any shares they are worth ZERO.

That is the bio - easy to search - I have given you stock symbols....they are all kaput - everything this joker touches fails - 20+ years of pure absolute failure -- ahhh but not totally as idiots get conned into buying worthless pieces of paper called shares - from here they take your money and it buys their lifestyle...

Ianace = failure

Dont believe all the bs purchase orders and all the bs press releases you will see all the companies above had the same nonsense - you will be very sorry if you buy this company - if you want a flyer go to vegas and put a few dimes on a ballgame or at some table games lol...at least their you have a chance and can have some fun...here you are just giving this career scam artist money...while they are laughing at you....