Sunday, August 26, 2012 1:08:49 PM
Paul F. Lovito Jr. has been the Chairman, President, Chief Executive Officer and Director of the Company since September 2001. Mr. Lovito has been President and Chairman of LBI Group, Inc., a business consulting company, since June 1994. Mr. Lovito is Chairman and Chief Executive Officer of LBI Properties, Inc., a development stage real estate holding company, a position he has held since February 1998. He also serves as Chairman of LBI E Web Communities, Inc., an internet holding company, a position he had held since June 2000. Mr. Lovito has been the Chairman and President of LBI Asset Management, LP, a Delaware partnership, which provides management, services to the related companies, a position he had held since July 1998. Mr. Lovito is also the general partner in LBI Capital Partners, LP, a hedge fund, a position he has held since July 1998. All of the foregoing entities are located in Coral Springs, Florida.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=GDSM.PK
Paul has been in financial difficulties most of his adult life, and I mean total failure.
In 2/14/1985 Paul and Maryann lived at 7885 NW 1st St. in Margate, FL.
http://www.gosur.com/map/?gclid=CNOl2tGkhbICFchgTAodiEAAOA
In 2/15/1996, Paul & Maryann lived at 10918 Royal Palm Blvd in Coral Springs and took out a mortgage for $99,900 for a property at 10922 NW 45th Drive, Coral Springs.
They re-financed their home in Jan of 2002.
On 5/6/2009, their home in Kensington Green in Coral Springs was mortgaged with Countrywide. Paul also failed at his marriage to Maryann. They lived at 6573 NW 127 Terrace in Parkland, FL.
https://www.broward.county-taxes.com/public/real_estate/parcels/484108-11-0830
https://www.broward.county-taxes.com/public/real_estate/parcels/484108-11-0830/bills/5430066
Paul doesn't believe in paying taxes either!
Paul also has a long history of debt. On 1/28/2008, a Lien was filed on their home at 10922 N.W. 46th Dr. in Coral Springs for $1,255 by the Kensington Green Homeowners Assoc.
Another lien was filed by the HOA on 2/5/2009 for $1,340.00.
2009, Judgement for over $25,000.
2011 - Judgement has grown to $27,000!
And the liens continue with his new wife.
Paul and Kimberly live here.
https://www.broward.county-taxes.com/public/real_estate/parcels/484108-11-0830
There is more but I believe this shows enough to prove that Paul was a failure at both his personal and business failures of LBI, Brass Bulls and others and was totally unfit to be the CEO of GDSM!
Stay tuned - Marc coming up next!
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