Corporate Acquisitions Group of Englewood, CO has posted a self made press release on numerous sites on the web. This "press report" states that Corporate Acquisitions group brokered the sale of two smaller companies to a larger company in Chicago.
Firstly, CAG says that they valuated Telecom Affiliates and acted on "their" behalf in the sale. Ty Tymkovich, the president of CAG is the registrar for CAG's website and the internic records clearly show Telecom Affiliates as being the agent along with Tymkovich's old email address. So what involvement did Tymkovich have with Telecom Affiliates, and what role did he play as president of CAG in valuating Telecom Affiliates?
The second company reportedly involved in the deal was E-Telco Agents... supposedly an Illinois corporation according to CAG's press release. Records at the Illinois Secretary of State clearly show that there is no corporation listed as E-Telco Agents, however there is a Colorado company doing business as E-Telco Agents and they are registered in the Colorado Secretary of State's database as being owned by Satori Marketing, whose address just happens to be the same as Corporate Acquisitions Group. And the E-Telco Agents web site lists a Sam Levine as one of their principle's, and the CEO of Corporate Acquisitions Group just happens to be a guy named... Sam Levine.
Chain Telecom, the Illinois corporation for whom CAG supposedly brokered the deal does not appear in the Illinois S of S database either, and a thorough internet search does not show them in existence either. So who is Chain Telecom?
So what do we have here? Corporate Acquistions Group, a company that sells businesses a valuation service to help sell their business, posts it's own press release stating that they brokered the multi-million dollar sale of two companies apparently owned or heavily tied to their own execs, to a company who apparently doesn't exist, or at least they don't know that it is really not an Illinois corporation as they state it to exist.
This very web site has links to complaints on a defunct corporation named Alliance Acquisitions, some of whose execs are now tied to Corporate Acquistions Group. These complaints basically alledge that these businesss "valuation" companies charge high fees to value your company in preparation for sale and that they then put you in touch with the correct market for buyers (sale not guaranteed). That sounds great... but what if the company who is telling you that they will accurately and capably target your business sale publishes totally false or highly misleading press releases that claim they have brokered sales that they actually artificially manufactured, not brokered? Well, then you have to ask yourself, "Why does this company need to create press reports of such a false or misleading nature?" I don't know. Ask yourself.
With two new course studies at major universities now focusing on these types of issues, it should be an interesting case study to see how these companies progress and how well they can hide with a thousand bright college students watching their every move. Some day telemarketers, spammers, and internet fraud experts will be taught in history classes as the 21st century snake oil salesman of older times. But for now, there are enough bright, hard working independent business people still behind the learning curve of the what is supposed to be the promised land of the internet and modern business. All that glitters is not gold.
Good luck, Ty, Sam, et al. We'll be watching and hoping the best for your continued success. You continue to be a big help to those of us whose lives depend on being able to find every bit of data there is to be gotten. Who knows? You may find yourselves, your companies, or your tactics in text books some day.