Wow, this company is either quite the scam or has the worst luck I have ever seen. What's perhaps more amazing about the sheer number of failed ventures is how unconnected each seems to be with any other. Mining, drilling, credit cards, long distance telephone service. Amazing.
Here's the details from an old 10K
"In February 1999, United Communications Hub, Inc., a California corporation, was formed as a telecommunications company that initially began as a switchless long distance reseller. It was our initial intent to also become a certified local exchange carrier in order to provide a full range of local and long distance vertical services. This was to be the foundation of our electronic distributive concept of the "Digital City" where integrated services could be distributed and billed from digital hubs over fiber and in the future, wireless mediums. The original corporate strategy was to develop or acquire the technologies as well as those products and services necessary to support the "Digital City" concept which would subsequently drive electronic transactions.
In September 2002, we acquired AllCom USA, Inc., a Nevada corporation, which is a licensed carrier that had approximately $2.6 million a year in revenue. AllCom USA had a support infrastructure in place as a switchless reseller of long distance and related services before we closed this business.
In September 2003, we formed a new wholly owned subsidiary, eSAFE, Inc, a Nevada corporation, as our financial services arm to provide electronic payments, cash cards and related custom transactional based services to local communities.
In March 2004 we merged with a wholly owned subsidiary of Expertise Technology Innovation, Inc., which resulted in a change of control of that company as discussed below. See "Change of Control."
In July 2004, we acquired the assets and intellectual properties of Govt.com and created an operating division to write, re-work and market municipal government software under the name OurTown2. This acquisition helped fill a void for software support in the Digital City vision.
In September 2005 the company sold the limited customer base of AllCom USA to AFN Inc The move was done to consolidate operations and focus on more profitable business.
In April 2006, the company sold its interest in eSafe, Inc., a wholly-owned subsidiary, to PSPP Holdings, Inc. and in 2007 rescinded this deal and eSAFE Inc was returned to the parent UC Hub Group Inc.
March 31, 2008 we acquired the assets of GreenZap Inc and began a marketing program with their staff. and subsequently demanded a rescission agreement due to conflicts of interest and disagreements on the representations and warranty of the software and asset base.
In 2007 and 2008 we spent a considerable amount of time setting up the “Africard” in West Africa and strategically aligned with BIB Banks in Burkina Faso and Cote D’ Ivoire and Visa Interantional before capital infusion was no longer available for planning and execution of the business plan.
In 2008 in May we signed an LOI for a plan to merge with Votecom. We attempted to find consensus among our creditors and were unable to do so, therefore, terminated the future negotiations."
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