• Report: #40804

Complaint Review: Options Talent, Tc Talent, Transcontinental Talent, Tctalent, Trans Continental Talent

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  • Submitted: Thu, January 09, 2003
  • Updated: Sat, July 24, 2004

  • Reported By:orlando Florida
Options Talent, Tc Talent, Transcontinental Talent, Tctalent, Trans Continental Talent
1701 Park Center Orlando, Florida U.S.A.

options talent, tc talent, transcontinental talent, tctalent, trans continental talent Rip-off MORE INSIDE STUFF read the truth it's out there now! orlando Florida

*UPDATE Employee: Someone had to say this ...

*UPDATE Employee: Someone had to say this ...

*UPDATE Employee: Someone had to say this ...

*UPDATE Employee: Someone had to say this ...

*UPDATE Employee: THE REAL REASON I GOT FIRED

*UPDATE Employee: THE REAL REASON I GOT FIRED

*UPDATE Employee: THE REAL REASON I GOT FIRED

*UPDATE Employee: THE REAL REASON I GOT FIRED

*UPDATE EX-employee responds: Keep It Real!!! It's one big lie!!!

*UPDATE Employee: Read this! TCTalent filed this bogus report above... I am the Good Scout with NEW information!

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HERE IT IS IN BLACK AND WHITE_ so here's how the deal goes down- Lou Pearlman only has a contract for 5 years- so guess what- in a few years he can just up and leave or they can tell him bye-bye and keep his company's name and all their musicians.

THE SAME THING HAPPENED TO FAMOUS AMOS of famous amos cookies. did you know that wally amos gets no money from any famous amos cookies anymore- he sold off his shares until he was no longer the majority shareholder and then the majority got together, kicked him out and kept the name don't get fooled people! read it all here....

6.4 Chairman of the Board. The Parties agree that Mr. Louis J. Pearlman shall serve from the Closing Date as Buyer's Chairman of the Board for no less than sixty (60) months following the Closing Date. Mr. Pearlman covenants and agrees that during such period:

6.4.1 he shall be actively involved in the promotion of Buyer;

6.4.2 he shall use his best efforts to launch an episodic television show that will support the credibility and business objective of Buyer;

6.4.3 he shall allow or cause to be allowed, as necessary, links from websites maintained by Buyer to websites controlled or maintained by Mr. Pearlman, Transcontinental Records, and/or their respective Affiliates, including, without limitation, loupearlman.com; naturalofficialsite.com; o-townrecords.com; otownbands.com; t-con.com; and makingthehit.com;

6.4.4 Buyer shall be permitted to include the successes of Mr. Pearlman, Transcontinental Records, and any of their Affiliates in the promotional and marketing materials and efforts of Buyer; subject to Mr. Pearlman's review and reasonable consent with respect to such inclusion of any specific matter; 14

6.4.5 upon the reasonable request of Buyer, Mr. Pearlman shall arrange for personal/promotional appearances of artists and other Persons represented by Transcontinental Records and/or Mr. Pearlman at events held or arranged by Buyer, including, without limitation, one-time events and office guest appearances, the cost of which shall be on a most favored customer basis;

6.4.6 he shall fully participate in any "road show" or other promotional activities permitted under applicable securities Laws;

6.4.7 he shall fully participate in the development of strategy and execution of operations of Buyer;

6.4.8 Mr. Pearlman shall use their best efforts to facilitate the establishment of join ventures and licensing arrangement in the United States, Canada, Europe and Asia with respect to the objectives of Buyer;

6.4.9 he shall fully participate in the development and launch of a music-based franchising division of Buyer (similar to the current modeling-based franchise business of Buyer) in 2002 with the goal of 60 sales of such franchises by Buyer at approximately $20,000 during the first half of 2003; and

6.4.10 Mr. Pearlman shall, and shall cause any Affiliate of Mr. Pearlman to, enter into a license agreement, the form of which is attached hereto as Exhibit J (the "License Agreement"), which grants a royalty-free, worldwide license in any right, title and interest he and such Affiliate(s) have or will acquire in the name "Trans Continental" and related marks and trademark applications therefor to Buyer, which license shall be exclusive for all modeling related activities of Buyer and non-exclusive for other uses, which license Buyer may further sub-license to any wholly-owned subsidiary of Buyer.

6.5 Other Officers. The Parties agree that immediately following the Closing, Buyer shall appoint and shall cause TCTI to appoint the following persons to the following executive positions: Louis J. PearlmanChairman of the Board of Buyer and TCTI; President of Buyer and TCTI; Mark R. TolnerChief Executive Officer of Buyer and TCTI; and Anthony RubenChief Operating Officer and Acting Chief Financial Officer of Buyer and TCTI.

6.6 Fairness Opinion. The Parties agree to obtain promptly after Closing, but in no event later than fifteen (15) days after Closing, an opinion of a firm unaffiliated with any of the Parties as to the fairness of the Merger and the other transactions contemplated by this Agreement to Buyer and to its stockholders generally. To the extent said firm is unable to issue the fairness opinion because of one or more issues, the Parties agree to take all commercially reasonable measures to address such issues.

6.7 Reverse Stock Split; Conversion of Series C Preferred.

6.7.1 As soon as permitted following the Closing Date by applicable Law, including the Corporation Law and relevant federal securities laws, Buyer shall effect a reverse stock split at a ratio of one to 100 or as otherwise determined by Buyer's Board of Directors, in consultation with Mr. Pearlman, as Buyer's Chairman, to increase the trading price of Buyer's Stock for the purpose of potentially gaining admittance for such stock to trade on the NASDAQ National Market, NASDAQ SmallCap Market, or any of the national stock exchanges.

Buyer may elect to effect said reverse stock split (i) upon such terms and conditions so as not to require approval of Buyer's stockholders pursuant to Section 78.207 of the Nevada Revised Statutes, in which case, Buyer shall promptly thereafter obtain the approval by written consent of Buyer's stockholders to increase the authorized shares of Buyer Stock to 500,000,000 (par value $0.001 per share) subject to compliance with the Requirement for an Information Statement or (ii) upon the approval by written consent of the holders of the required number of shares of the issued and outstanding capital stock of Buyer (without any reduction in the authorized share capital of Buyer), subject to compliance with 15 the Requirements for an Information Statement (the effective date of the increase of Buyer's authorized shares of Buyer Stock pursuant to clause (i) of this sentence or the effective date of such reverse stock split effected pursuant to clause (ii) of this sentence, the "Reverse Stock Split Effective Date").

6.7.2 Within five (5) business days following the Additional Share Distribution Date, Buyer and the Series C Holders agree that the Series C Preferred shall be converted into shares of Buyer Stock, at a rate reflecting said reverse stock split, in accordance with the terms and conditions of the Certificate of Designations.

6.8 Future Private Capital Raises. Mr. Pearlman shall use his best efforts to enable Buyer to facilitate one or two private debt or equity capital raises for Buyer in order to rapidly permit Buyer to achieve the financial and business objectives determined by Buyer's Board of Directors.

6.9 Series C Holders Standstill. Until such time as the reverse stock split provided for in Section 6.7.1 has been effected, but in no event later than December 31, 2002, the Series C Holders hereby (i) waive the requirement of Buyer that sufficient numbers of shares of Buyer Stock be reserved for issuance upon conversion of the Series C Preferred, (ii) agree not to enforce their respective rights to the payment upon liquidation set forth in Article Second, Section 4 of the Certificate of Designations solely to the extent such payment is payable as a result of the Merger, and (iii) agree not to enforce the adjustment to Conversion Price (as defined in the Certificate of Designations) set forth in Article Second, Section 6(d)(iv) of the Certificate of Designations solely to the extent such Conversion Price would be adjusted as a result of the Buyer Stock issued in the Merger.

Janet
orlando, Florida
U.S.A.

Click here to read other Rip Off Reports on Trans Continental Talent AKA Options Talent

This report was posted on Ripoff Report on 01/09/2003 02:06 PM and is a permanent record located here: http://www.ripoffreport.com/r/Options-Talent-Tc-Talent-Transcontinental-Talent-Tctalent-Trans-Continental-Talent/Orlando-Florida-32835/options-talent-tc-talent-transcontinental-talent-tctalent-trans-continental-talent-Rip-40804. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Options Talent, Tc Talent, Transcontinental Talent, Tctalent, Trans Continental Talent

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Updates & Rebuttals

#1 UPDATE Employee

Someone had to say this ...

AUTHOR: Strut Hurley - (U.S.A.)

Janelle, sorry to make you eat your own words, but it's "pursue," "pursued" in past tense.

Who needs to invest in a dictionary now?
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#2 UPDATE Employee

Someone had to say this ...

AUTHOR: Strut Hurley - (U.S.A.)

Janelle, sorry to make you eat your own words, but it's "pursue," "pursued" in past tense.

Who needs to invest in a dictionary now?
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#3 UPDATE Employee

Someone had to say this ...

AUTHOR: Strut Hurley - (U.S.A.)

Janelle, sorry to make you eat your own words, but it's "pursue," "pursued" in past tense.

Who needs to invest in a dictionary now?
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#4 UPDATE Employee

Someone had to say this ...

AUTHOR: Strut Hurley - (U.S.A.)

Janelle, sorry to make you eat your own words, but it's "pursue," "pursued" in past tense.

Who needs to invest in a dictionary now?
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#5 UPDATE Employee

THE REAL REASON I GOT FIRED

AUTHOR: Janelle - (U.S.A.)

dear Courtney,



I read with an aching heart your tragic story of 6 whole weeks with TCT. You don't answer the following questions, however: how much were you paid during that time, why did it take you almost 2 months to 'discover' the 'scam' as you call it, and what did you do to address your concerns to the office staff or corporate.



I will tell you, without knowing you, why you may not have succeeded at TCT.



Completely, Persued, Prestigious,Substantiate.



These are common words in the English language that you apparently cannot spell correctly.



It's called a dictionary. Invest in one.



And then ask yourself, "gee, if I knew from day one that customers had to pay money to be on the site, and I, being a 'real' musician don't think people should have to pay to have their music heard, then why the hell did you start working there?" Did you think TCT would just let your 'peeps' enroll for free because you don't think people should have to pay?



(By the way, did the recording studio and sound engineers who cut your CD work for free or did you have to pay them?) Just wondering.



Keeping it free and real.

Dictionary Boy
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#6 UPDATE Employee

THE REAL REASON I GOT FIRED

AUTHOR: Janelle - (U.S.A.)

dear Courtney,



I read with an aching heart your tragic story of 6 whole weeks with TCT. You don't answer the following questions, however: how much were you paid during that time, why did it take you almost 2 months to 'discover' the 'scam' as you call it, and what did you do to address your concerns to the office staff or corporate.



I will tell you, without knowing you, why you may not have succeeded at TCT.



Completely, Persued, Prestigious,Substantiate.



These are common words in the English language that you apparently cannot spell correctly.



It's called a dictionary. Invest in one.



And then ask yourself, "gee, if I knew from day one that customers had to pay money to be on the site, and I, being a 'real' musician don't think people should have to pay to have their music heard, then why the hell did you start working there?" Did you think TCT would just let your 'peeps' enroll for free because you don't think people should have to pay?



(By the way, did the recording studio and sound engineers who cut your CD work for free or did you have to pay them?) Just wondering.



Keeping it free and real.

Dictionary Boy
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#7 UPDATE Employee

THE REAL REASON I GOT FIRED

AUTHOR: Janelle - (U.S.A.)

dear Courtney,



I read with an aching heart your tragic story of 6 whole weeks with TCT. You don't answer the following questions, however: how much were you paid during that time, why did it take you almost 2 months to 'discover' the 'scam' as you call it, and what did you do to address your concerns to the office staff or corporate.



I will tell you, without knowing you, why you may not have succeeded at TCT.



Completely, Persued, Prestigious,Substantiate.



These are common words in the English language that you apparently cannot spell correctly.



It's called a dictionary. Invest in one.



And then ask yourself, "gee, if I knew from day one that customers had to pay money to be on the site, and I, being a 'real' musician don't think people should have to pay to have their music heard, then why the hell did you start working there?" Did you think TCT would just let your 'peeps' enroll for free because you don't think people should have to pay?



(By the way, did the recording studio and sound engineers who cut your CD work for free or did you have to pay them?) Just wondering.



Keeping it free and real.

Dictionary Boy
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#8 UPDATE Employee

THE REAL REASON I GOT FIRED

AUTHOR: Janelle - (U.S.A.)

dear Courtney,



I read with an aching heart your tragic story of 6 whole weeks with TCT. You don't answer the following questions, however: how much were you paid during that time, why did it take you almost 2 months to 'discover' the 'scam' as you call it, and what did you do to address your concerns to the office staff or corporate.



I will tell you, without knowing you, why you may not have succeeded at TCT.



Completely, Persued, Prestigious,Substantiate.



These are common words in the English language that you apparently cannot spell correctly.



It's called a dictionary. Invest in one.



And then ask yourself, "gee, if I knew from day one that customers had to pay money to be on the site, and I, being a 'real' musician don't think people should have to pay to have their music heard, then why the hell did you start working there?" Did you think TCT would just let your 'peeps' enroll for free because you don't think people should have to pay?



(By the way, did the recording studio and sound engineers who cut your CD work for free or did you have to pay them?) Just wondering.



Keeping it free and real.

Dictionary Boy
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#9 UPDATE EX-employee responds

Keep It Real!!! It's one big lie!!!

AUTHOR: Courtney - (U.S.A.)

Iwas employed with tctalent for about 1.5 months. During those weeks I found myself wondering why Am I doing this? I'm in the music industry and I have one full length lp to show for it. My music is completly real to me and it made me realize why I actually haven't persude fame.



It's one big lie!!!



One of their prestiges director's of operations even told us during training that he made over 100k annually and I'm still tryin to figure how and why??? Here at the jacksonville division, they don't have regular workdays that substanuate having a 100k salary!!! Nobody's salary is my concern and the veil of lies make my skin crawl. I'm a black man in a very white city. My main goal was to go back to the community and scout to bring some hope, excitement, and possibly start a new hotbed for talent.



I hate to sound racist in any way, it's not intentional, but talent doesn't designate between rich and poor, or black and white. What hurts is to know people out here that really need to be heard but can't cause they don't have money and fact is money doesn't mean talent. So to all you hopefuls out there remember, it does take money to be heard or seen sometimes, but you can't buy fame and fortune!!!!



Do something that tct told us to do, next time someone steps to about modeling or anyother talent, tell them show me the money and pay attention to detail because money can't buy you love!!!!!
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#10 UPDATE Employee

Read this! TCTalent filed this bogus report above... I am the Good Scout with NEW information!

AUTHOR: Good Scout - (U.S.A.)

TCT filed this bogus report... I am the Good Scout

I feel I need to inform the public of those reports which were filed by TCT in an effort to create a reason to sue ripoffreport. This is just wrong. Now they are making up the story that someone tried to extort a quarter million dollars to take reports down from this site. I wonder if they actually expect people to believe them.

JUST SO YOU ALL KNOW, everything I have posted, I either have personal knowledge of, or have confirmed with other employees. These claims/stories that TCTalent is passing around and including in false postings, is an attempted smear campaign against ripoffreport.com.

Another interesting bit of information: Several employees remember that about 10-12 months ago, members of our organization left messages with ripoffreport.com to call us at Options Talent. Options wanted to make an arrangement with Ripoff Report, offering to pay them money so they would delete reports about Options Talent and Emodels, because Ripoff Report was getting higher priority on search engines. There are witnesses to this at our company.

Who do you think is actually behind this? Yes, JASON HOFFMAN and ALEC DEFRAWY. Jason goes by the name JAY WALLACE now, for some reason. Alec also uses the name BRIAN ENDERSEN. Alec even used an alias when calling Ripoff Report and instructed people at the office that the call was for him if the people from ripoffreport.com had called back. I was told that when the people from Ripoff Report called back they refused any offers made by Alec, but told him that he could file a rebuttal.

More to come soon. Keep an eye on these postings.

Scamsters make such interesting BedFellows

Seeing is believing!

Why am I still here at TCTalent? I have bills to pay, just like anyone else. I sincerely feel I am doing a good thing by trying to bring them down. After all, I'm helping you, hopefully stopping YOU from becoming a potential victim. I feel good about what I am doing now and get a good night sleep. After reading many of the posting by those who were helped by this web site. It motivated to help. I can best help by staying inside and providing information. This is how I must say thank you to the people at this web site.

Anonymous for now.

P.S. You should also know, that TCT is going nuts trying to figure out the identity of all those who are inside the company who are working against them. Office doors are locked, even when someone goes to the bathroom for only two minutes.

They watch everyone and even question why one might be talking with someone outside their department! People work in fear. This is more like Nazi Germany or the Soviet Union.
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