ED Magedson – Founder
Travelhost Magazine10701 N. Stemmons Freeway Dallas, Texas United States of America
The "Travelhost Busines Opportunity" is a huge rip-off for most investors, in my humble opinion.
Travelhost Magazine recruits unsuspecting job seekers online, and slickly sells them on the idea of becoming an entrepreneur with Travelhost, where they can "make hundreds of thousands of dollars per year running their own business.' They mislead these people into investing 60k in a local publishing operation, that has a failure rate of over 90%. Most people fail in this business because Travelhost charges double what other printing and production houses charge, and provides no real value to the overcharge. (franchise fee?)
Travelhost seemingly violates franchise laws in 15 states by not disclosing the failure rates of their associates, not disclosing any past or present litigation, and not disclosing other current or past investors contact information so that people can do their "due diligence."
The sad truth is that Travelhost makes millions of dollars per year on turnover, as more than a third of it's associates go out of business every year. Travelhost then re-sells their market to yet antother unsuspecting entrepreneur, for another 60k.
That's the Travelhost business model.
The most ludicrous thing, is that Travelhost has been doing this for over 40 years!
Please do your homework before joining this business scam...or you'll be sorry.
This report was posted on Ripoff Report on 12/19/2009 06:05 PM and is a permanent record located here: http://www.ripoffreport.com/reports/travelhost-magazine/dallas-texas-75220/travelhost-magazine-travelhost-business-opportunity-fraud-lies-deception-misleading-542426. 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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