Excel Facts, News and Review

by louabbott on November 6, 2009

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 Telecom, Inc. and all  of its existing domestic subsidiaries (Excel Communications Marketing, Inc.,  Excel Management Services, Inc., Excel Products, Inc., Excel Telecommunications, Inc., Excel Telecommunications of Virginia, Inc., Excel Teleservices, Inc., Excelcom, Inc., Telco Communications Group,
Inc., Telco Network Services, Inc., VarTec Business Trust, VarTec Properties, Inc.,  VarTec Resources Services, Inc., VarTec Solutions, Inc., VarTec Telecom Holding Company, VarTec Telecom International Holding Company, and VarTec Telecom of Virginia, Inc.)None of VarTec’s international subsidiaries are involved.

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{ 2 comments… read them below or add one }

Helper December 28, 2012 at 1:57 pm Thumb up 0 Thumb down 3

This is why there is absolutely NO reason to join an MLM
from Wikipedia

On November 1, 2004, VarTec Communications (the parent corporation of Excel) unexpectedly filed for Chapter 11 bankruptcy protection. Excel sought to be released from its contracts with its independent representatives. This allowed it to continue to receive revenue from its large base of installed customers without paying eternal commissions to the franchisees

YOu run this risk EVEN if you make it to the top 1% of any MLM.

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louabbott December 28, 2012 at 3:59 pm Thumb up 1 Thumb down 0

Yes, of course there are risks in any business.
But what happened with Excel is actually quite rare.

If those of us who have earned 6 and 7 figures in lasting MLM businesses followed that advice, I guess we would never know what we missed.

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