From the category archives:

Defunct Companies

XELR8 Discontinues MLM Business Model

by Adrian Armstrong01.21.2010 Defunct Companies

This kind of decision by a company damages the industry as a whole and doesn’t even give the reasons why the board of directors have pursued this course of action. My heart goes out to all the XELR8 associates who have had their hard work and dreams stolen through this action. Perhaps some of the [...]

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Emerald Passport MLM

by louabbott11.17.2009 Defunct Companies

Emerald Passport website is GONE!  Company is gone.
If you know what happened, leave a comment below – for all of our edification.
“Emerald Passport is a cyberspace masterpiece, a company very few insiders know about that has been [...]

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Wealth Pools Facts, News and Review

by louabbott11.06.2009 Defunct Companies

Company Site – Closed by SEC as Ponzi Scheme December 11, 2007

“The Term “HOME BASED BUSINESS” Has a Whole New Meaning when it comes to Wealth Pools
International … [yes - FRAUD!]

Others talk about being different, we are at the top, literally revolutionizing our industry, making a serious difference. Our goal is to create a paradigm [...]

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Excel Facts, News and Review

by louabbott11.06.2009 Defunct Companies

Company Site – gone.
Excel, once a billion dollar operation is now defunct – at least as far as their MLM operations are concerned.  All distributor agreements were canceled.

Petitions for protection under Chapter 11 of the U.S. Bankruptcy code were filed in the Northern District of
Texas on November 1,2004.  The joint administration case number is 04-81694-11-SAF.
VarTec [...]

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XELR8 / Vitacube Facts, News and Review

by louabbott11.02.2009 Defunct Companies

XELR8: formerly Vitacube
“Founded in 2000 and headquartered in Denver, Colorado, V3S PROformance Network is a forward-thinking nutritional supplement company aimed at offering the highest quality products for complete health management. The goal is for our customers to include V3S (VitaCube) as part of a system of good nutrition that will enhance their ability to achieve [...]

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Seasilver Facts, News and Review

by louabbott10.31.2009 Defunct Companies

Closed by legal action of the FTC for illegal product claims

“At its peak, Bela Berkes said that before the 2003 complaint, the company had 700,000 customers and distributors and had monthly sales as high as $20,000,000.”
Founded: 2003
Founder: Bela Berkes
President& CEO: Jason Berkes
Company Site

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Maxxis Facts, News and Review

by louabbott10.30.2009 Defunct Companies

Company Site – in bankruptcy since 2003
“MAXXIS 2000, based in Atlanta, Georgia was founded in March of 1997 with the goal of helping Americans
increase their income and assets. We refer to this concept of building income and assets simultaneously as Wealth Creation.” — Company Website
Financials

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ITV Facts, News and Review

by louabbott10.29.2009 Defunct Companies

Changed to non-MLM format 9/2008
“Ready to escape the “rat race?” If you crave financial independence and dream of a better lifestyle, then the newly formed ITV Ventures™  wants to hear from you today.
The truth is there’s no limit on how much money you can earn as an ITV Ventures™ Independent Business Owner. With ITV’s simple [...]

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IGI Facts, News and Review

by louabbott10.29.2009 Defunct Companies

International Galleries Inc. / IGI —Bankrupt 1/31/2006
“IGI has procured the exclusive rights to selected works of numerous up and coming artists whose subjects reflect the classic themes; still-life, landscapes, interiors, wildlife, abstract, religious, portraiture, etc. The wide range of mediums utilized from pencil, charcoal, acrylics, watercolors, oils, pastels.., further differentiates diverse artistic styles, techniques and [...]

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1-StepSystem Facts, News and Review

by louabbott10.06.2009 Defunct Companies

Company Site – Gone!
“Finally, the long awaited launch date for the 1StepSystem has been announced! Emails and phone calls have been pouring in at an unbelievable volume all day as a result of this exciting news.” The announcement was made today in a posting to all members of the 1StepSystem. According to the announcement, which [...]

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