• Report: #808903

Complaint Review: ITONIS, inc.

  • Submitted: Tue, December 13, 2011
  • Updated: Tue, December 13, 2011

  • Reported By: nlightn — pembroke pines Florida United States of America
ITONIS, inc.
98 Discovery Irvine, California United States of America

ITONIS, inc. ,ITNS, looks like EMCO /Hanover Group and ITNS are in bed together... Irvine, California

*REBUTTAL Owner of company: Itonis Report

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ITNS has recently had a slew of press release:

Itonis, Inc. Acquisition Positions Company in a $95 Billion Market
Date :

11/30/2011
http://ih.advfn.com/p.php?pid=nmona&article=50241784

Itonis, Inc. (ITNS) Projects 75%-85% Net Earnings in 2012 From Paramount Discoveries' EMFT Licensing Revenues
Date :

12/09/2011
http://ih.advfn.com/p.php?pid=nmona&article=50372291

ITNS Receives $128 Million Dollar Valuation on Newest Acquisition
Date :

12/12/2011
http://ih.advfn.com/p.php?pid=nmona&article=50390374http://ih.advfn.com/p.php?pid=nmona&article=50390374

Itonis, Inc. (PINKSHEETS: ITNS) New Acquisition Increases Value and Could Potentially Revolutionize Several Industries
Date :

12/13/2011
http://ih.advfn.com/p.php?pid=nmona&article=50402567


======================================================================

they are promoting a technology that is unproven yet they are informing the investing public of this technology as if it were the next best thing.

ITNS has also hired several stock promotion sites with a $40,000+ incentive to pump this the same week that the press releases came out...coincidence ?

=====================================================================

here is some extensive due diligence to elaborate how ITNS is misrepresenting;

a press release was generated today...but lookie here==>

"Itonis, Inc. (PINKSHEETS: ITNS) today released a valuation report showing the post-acquisition combined value of ltonis, Inc., and Paramount Discoveries to be $128,796,000.
The report was prepared by Hanover Federal Capital Corporation"

What better source of a valuation than a revoked Nevada company, which is what Hanover Federal Capital Corporation is:

but...what about this ? how can an evaluation report come from a company that does not have the license to oerate...and who else EMCO/Hanover

HANOVER FEDERAL CAPITAL CORPORATION


This information is current as of September 19, 2011.

Entity Name: HANOVER FEDERAL CAPITAL CORPORATION
Status: Revoked File Date: 01/28/2002
Entity Type: Domestic Corporation File Number: C2217-2002
Qualifying State:
Annual List Due: 01/31/2007 List Fees Due: $125.00 (Estimate)
Managed By: Expires On:
Entity Age: 10 Years, 11 Months


Registered Agent: Csc Services Of Nevada, Inc.

2215-b Renaissance Dr
Las Vegas, NV 89119
Phone: Fax:

No Par Shares: 1,500 Capital Amount: $0.00"


http://www.nvannualreport.com/entities-DPC-HANOVER-FEDERAL-CAPITAL-CORPORATION.aspx

Some familiar names to the fraud cognoscenti here, too:

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=XU8fwj13X1v7vqEfjxeMwA%253d%253d&nt7=0
=====================================================================

ITNS - Paramount Discoveries Inc - EMCO/Hanover ...Seriously?

$128,796,000 valuation? Seriously?

The Paramount Discoveries Inc website was just registered as a domain name on 7/27/11:

Domain Name: PARAMOUNTDISCOVERIES.COM
Created on: 27-Jul-11
Expires on: 27-Jul-12
Last Updated on: 31-Aug-11

Administrative Contact:
Robbins, Stuart mail@inlandempireweb.com
Paramount Discoveries
24771 Rittenhouse Drive
Laguna Hills, California 92653
United States
+1.7149233414

According to that website Paramount Discoveries was established in 1995 with more
than 16 years of dedicated research - Seriously?

http://www.paramountdiscoveries.com/index.php/about

I found the business entity filing for Paramount Discoveries Inc in the California SOS data base.

It was only just registered as a business entity on 8/29/11

Also I found Itonis Holdings Inc which was registered in the state of Nevada on 8/10/11 to help with the acquisition of the infant company called Paramount Discoveries Inc

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=hFwpmvPsNSjcQ%252bjkVdOPOw%253d%253d&nt7=0

The business listing for Paramount Discoveries gives the following address:

http://www.paramountdiscoveries.com/index.php/contact-us

7700 Irvine Center Dr
Suite 800

Which is a virtual office

http://www.pbcenters.com/locations/california/orange-county/executive-suites-irvine-spectrum/

I'm curious how does all this research get conducted in a virtual office?

Sure doesn't seem like a company worth much of anything let alone the laughable total of $128,796,000.

The 98 Discovery address in Irvine is a condo owned by Mark Cheung.

Cheung runs his law business out of that address:

http://members.calbar.ca.gov/fal/Member/Detail/150690

Wu & Cheung The Law Office
(949) 251-0111
98 Discovery
Irvine, CA 92618

Since ITNS stopped doing SEC filings in 2008 you'll never see them validate the numbers.

-------------------------------------------------------------------------------------------------------------------------

The acquisition of Paramount Discoveries allegedly worked like this:

1) Paramount Discoveries, Inc. will be acquired by Itonis Holdings,
Inc., a wholly owned subsidiary of Itonis. Itonis Holdings, Inc. will
hold 100% of Paramount.

2) Itonis, Inc. will issue 4 million
ITNS shares to Stuart Robbins, and 28 million ITNS shares to Quantum
Capital Funding, LLC.

3) Stuart Robbins assigns all rights to
his electrical frequencies technology for Carbon, Silver, and Salt to
Paramount Discoveries.

4) A management agreement will be structured for Stuart Robbins to be the day-to-day manager for Paramount Discoveries.

28 million shares to Quantum Capital Funding LLC. That is over $1.4 million worth of stock.

And who paid for the promotions ?

Bullrally.com has been compensated by a third party QF LLC forty
thousand dollars for a one week ITNS advertising services contract

Hototc.com has been compensated by a third party QF LLC forty thousand
dollars for a one week ITNS advertising services contract

Coolpennystocks.com has been compensated by a third party QF LLC forty
thousand dollars for a one week ITNS advertising services contract.

--------------------------------------------------------------------------------------------------------------------------

Is this Quantum Capital Funding LLC?

Quantum Capital Funding, LLC

It was incorporated in California on 10/22/10:

I know it is the right one because of the address:

24771 RITTENHOUSE CIR
LAGUNA HILLS CA 92653

That is the address that Stuart Robbins used when he registered the domain PARAMOUNTDISCOVERIES.COM

Domain Name: PARAMOUNTDISCOVERIES.COM
Created on: 27-Jul-11
Expires on: 27-Jul-12
Last Updated on: 31-Aug-11

Administrative Contact:
Robbins, Stuart mail@inlandempireweb.com
Paramount Discoveries
24771 Rittenhouse Drive
Laguna Hills, California 92653
United States
+1.7149233414

24771 Rittenhouse Drive is a residential address. So who lives there? Stuart Robbins or Charlie Z Abujudeh?

Charlie Z Abujudeh has used that address for other companies not connected to Stuart Robbins

Cza, Inc
President: Charlie Z Abujudeh
24771 Rittenhouse Circle
Laguna Hills, CA 92653-4308
Orange County, CA Metro Area
Phone: (949) 215-4525

Charlie Z Abujudeh lives at 24771 Rittenhouse Drive

---------

The California business entity tells us that Jurisdiction for Quantum Capital Funding LLC is ARIZONA

So we next go to the Arizona SOS and here it is:

http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/names-detail.p?name-id=L11428768&type=L.L.C.

The entity recently filed an amendment on 9/1/11

The amendment was to remove Charlie Z Abujudeh as an officer and to add Dr. D Ayub

D AYUB
25432 ALICIA PKWY
LAGUNA HILLS,CA 92653

So we have 3 possibilities for the owner of those 28,000,000 shares:

Stuart Robbins
Charlie Z Abujedeh
D. Ayub

I get the sense that Ayub is intentionally misspelled and somebody is trying to hide who really owns those 28,000,000 shares.

One of the reasons I get this feeling is because 25432 Alicia Pkwy, Laguna Hills, CA does not exist as a real address.

-----------------------------------------------------------------------------------------------------------

The person that owned the Arizona business entity before Charlie Z Abujedeh was Adam Sheafe

Until September of 2010 the entity was called J&J Home Solutions LLC

On September 3, 2010, Adam Sheafe resigned and Charlie Z Abujedeh
became the sole officer/director and the name of the entity was changed
to Quantum Capital Funding LLC:

------------------------------------------------------------------------------------------------------------------------

The paid promo makes it obvious what is probably really going on.

People should obviously be very cautious with ITNS. 

Pleae feel free to contact me should any inquiries be needed.

Respectfully,

Earl V


This report was posted on Ripoff Report on 12/13/2011 03:36 PM and is a permanent record located here: http://www.ripoffreport.com/r/ITONIS-inc/Irvine-California-92618/ITONIS-inc-ITNS-looks-like-EMCO-Hanover-Group-and-ITNS-are-in-bed-together-Irvine-808903. 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.

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Updates & Rebuttals

#1 REBUTTAL Owner of company

Itonis Report

AUTHOR: bruce barren - ()

Obviously, the person making this accusation did not take the time to read the report rendered which in turn was filed with the Securities and Exchange Commission and accepted by them plus the Company's independent accoutants and lawyers. Perhaps, the Complaintant should had before making such a false accusation. Also, I would like this person to real himself, come to Court, testify under penalty of perjury and make his accusation there. As the saying goes: "One often shows his inexperience and naivety when hiding behind a false accusation."

Then, let's see who is right or wrong!!!

Bruce Barren, Chairman

The EMCO/ Hanover Group

 

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