Investments
These companies were listed in the Schedule B List of Personal Property, as filed with the court by Trustee Tod Nielson as part of his investigations into the state of Slatkin's finances. This list details companies in which Reed held shares or has made investments. This list covers companies in which Reed held an ownership stake, as well as partnerships of which he was a member.
Companies List
Connections One
Instant Video Technologies
Premier Horse Network
Chantal Pharmaceuticals Corp
Graphix Zone
Golf Star Inc.
American Wireless Systems
Churchill Technology
Santa Barbara Connected Systems
Alliance Manufacturing Software
E-Soft Inc.
Object Products Inc
Fortress Technologies
Inxsys Broadcast Networks Inc.
Jordan Pharmaceuticals Inc.
Safeguard Anti-Flame USA
Replay Networks Inc.
Crystallize Inc.
Fatpipe Inc
Café Odyssey Inc (Popmail.com Inc)
Shopping4sure.com Inc.
International Dispensing Corporation
Icebox Inc.
Bidcall Limited (Playlouder)
Seize the Day Inc.
Century Park Pictures
Healthcor Inc.
Digital Secured Networks Technology Inc.
Planet Central TV Inc.
Physicians Data Corporation
Protein Delivery Inc.
Skinmarket Inc.
Credicorp Inc.
American Technologies Group
Talking Rings Entertainment
Advanced Resin Technology Inc.
Rescom Inc.
Maxa Corporation
Compass Advisior Inc.
Price Net USA
Burst.com Inc
Telsoft Solutions Inc.
Stryker Technologies Corp
NBC Internet
Krispy Kreme Doughnuts Inc.
Headstrong Group Inc.
The Hong King and China Gas Company Ltd.
Financial choices.com
Launch Media
B.I.G.
E Memories Inc.
Enhancive c/o Richard Rosman
Receive TV/Vital Stream
Millionaire Corp c/o Thomas Kimble Trust A/C
Infoview Inc.
Agven Medical Corporation
National Micronetics
Incomnet
Earthlink Network
Promus Hotel Corporation / Holiday Inns of America
Occidental Petroleum Corporation
Sparton Corporation
Connections One
Location
PO Box 6026-194
Sherman Oaks, California 91413

Investment
Stock ownership 50%

Background
This company is related to Barry Shuman, who is also an investor and has been detailed before. Not much information about him or his company as yet. No indication that he is a Scientologist.
back to top ^
Instant Video Technologies
Location


Investment
900,000 shares

Background
This is the company behind burst.com, apparently:
http://www.burst.com/f/about/main.htm

Since its founding in 1988, burst.com has pioneered the development of Faster-Than-Real video and audio delivery. burst.com has built an international patent portfolio covering bursting, video delivery scheduling and rapid casting.

Here is info on the executives; no familiar names except Robert Lang.

The company currently trades OTB (BRST.OTB) at 9 cents a share and painfully low volume. At its high point, in November 2000, the value was $7 per share
back to top ^
Premier Horse Network
Location
Mailing Address
2740 W MAGNOLIA BLVD
BURBANK, CA 91505

Investment
$425,000

Background
This appears to have been an equestrian cable channel all horses, all the time. It seems to have been connected with www.horsenet.com at one point, but all the links pointing to information on Premier appear to be broken.

Here is the entry from the California Corporate Database:

PREMIER HORSE NETWORK INCORPORATED
Number: C1926322 Date Filed: 1/19/1995 Status: forfeited
Jurisdiction: DELAWARE
Mailing Address
2740 W MAGNOLIA BLVD
BURBANK, CA 91505
Agent for Service of Process
SCOTT ALDERTON
TROOP MEISINGER STEUBER ETAL
10940 WILSHIRE BLVD
LOS ANGELES, CA 90024-3902

This woman worked for Premier Horse Network at one point.

She says she decided to go it alone when the company moved towards more Internet-based strategies. (Apparently a wise decision, given the way things turned out for horsenet.com.)
back to top ^
Chantal Pharmaceuticals Corp

Location


Investment
$490,000

Background
Chantal Pharmaceuticals is a Los Angeles-area cosmetic firm specializing in anti-aging skin care products for men and women, according to its Yahoo! Profile.

Run by Chantal Burnison, who is not, apparently, a Scientologist, the company found itself on the wrong end of a number of lawsuits during the 1990s, mostly as a result of allegations of securities fraud and overstatement of the company's financial performance.

The embattled company was the target of a class action securities fraud lawsuit in December, 1996.
From the case summary:

According to a press released dated February 9, 1996, a class action was filed alleging that Chantal mislead investors by overstating its financial performance. The suit claims more than half of Chantal Pharmaceutical Corp.'s revenue for the past five quarters was reported improperly. The suit claims the Los Angeles-based company executed a fraudulent scheme that overstated sales in the year ended June 30 by $3 million and in the quarter ended Sept. 30 by $10 million. The suit also accuses the company and its chief executive, Chantal Burnison, of making false statements about its performance and financial condition.

The company was also embroiled in a lawsuit that included auditor firm Coopers and Lybrand, amongst others, as codefendants:

Defendants Chantal and Burnison argue that Plaintiffs' claim for securities fraud under Securities Exchange Act § 10(b) and Rule 10b-5 must fail. Defendants claim that Plaintiffs have no evidence of a fraudulent "ship and return" scheme between Chantal and Stanson leading to any illegal "insider trading" by Burnison that can form the basis for the securities fraud claim. Defendants also argue that Plaintiffs have not established that Chantal's 1995 financial statements were fraudulent and misleading due to Stanson's right to return goods under the distribution agreement. Specifically, Defendants maintain that Plaintiffs have no evidence that any goods were "returned" for any amount of credit that is material. … These admissions indicate that, contrary to Plaintiffs' allegations, there is undisputed evidence that Defendant C&L did conduct significant auditing procedures to verify the $ 3 million Stanson sale at issue.3 Nevertheless, Plaintiffs argue that C&L should have conducted further inquiries to substantiate their findings. However, this argument is not sufficient to defeat summary judgment as fraud cannot be inferred simply because Defendant C&L might have been more curious or concerned about the activity in question.

For the foregoing reasons, the Court hereby DENIES the Motions for Summary Judgment brought by Chantal Pharmaceutical Corporation and Chantal Burnison, and Stanson Marketing, Inc. and Fred Reinstein. In addition, the Court hereby GRANTS Coopers & Lybrand's Motion for Summary Judgment.

According to its last substantial SEC filing, Chantal had little hope of recovery as of 1998:

As of June 30, 1998, Registrant's current liabilities substantially exceeded its current assets. Registrant continues to experience a severe cash flow shortage and is delinquent in payment of its operating expenses. In addition, the Registrant is currently the subject of various unsatisfied judgments in the aggregate amount of $ 3,114,280.

Chantal also has a connection to another Scn-related company also listed in Reed's investment profile - American Technologies Group (see below).
ATEG president Lawrence Brady served as president of the company during the time that Chantal was facing the bulk of the lawsuits against it (a fact not mentioned in this bio from an ATEG SEC filing):

LAWRENCE J. BRADY: became President and a Director in March, 1997. In December, 1997, he became Chief Executive Officer and Chairman of the Board. From 1994 until he joined the Company, Mr. Brady was an independent consultant except for a five month period during which he served as president of Chantal Pharmaceutical Corp. From 1991 to 1994 Mr. Brady served as a director and founder of Capitoline International Group, Ltd., a consulting firm. He was a Senior Vice President of Hill & Knowlton Public Affairs Worldwide from 1987 to 1991 and Director of International Marketing for Sanders Associates, a Lockheed subsidiary from 1985 to 1987.

back to top ^
Graphix Zone
Location
Mailing Address
42 CORPORATE PARK STE 200
IRVINE, CA 92606

Investment
75,000 shares
$309,375

Background
Reed shows his investment savvy by managing to find an Internet porn company that went broke:
www.gzone.com

The links are, sadly, inactive.

Graphix Zone’s sad little corporate entry:

GRAPHIX ZONE, INC.
Number: C1972830 Date Filed: 6/27/1996 Status: forfeited
Jurisdiction: DELAWARE
Mailing Address
42 CORPORATE PARK STE 200
IRVINE, CA 92606
Agent for Service of Process
** RESIGNED ON 10/06/2000

In its halcyon days, while trying, apparently, to broaden its commercial options beyond softcore vs. hardcore, Graphix Zone entered into a partnership with Earthlink, Reed’s one successful business venture.

PASADENA, Calif., March 25, 1996
EarthLink Network, Inc., the fastest growing privately held Internet access provider, and Graphix Zone (NASDAQ:GZON), a leading software publisher, have announced the launch of ExpressNet Suite, the most comprehensive Internet access package ever. ExpressNet Suite, which retails for $49.95, includes full version software and Internet products valued at more than $250. The CD-ROM includes free Internet access from EarthLink, the company's Software which includes Netscape Navigator 2.0®, SurfWatch, Internet Phone, Internet Coach and a variety of cutting-edge multimedia plug-ins and more.


Graphix Zone also bought out CD publisher Inscape.

Graphix Zone Chairman Ron Posner was and may still be involved with Bulldog Capital Inc.

This poor software designer found himself playing PI when trying to track down Graphix Zone after the company wound up with the rights to his game, “Princess Maker”:

It took some time, but eventually the deal was concluded. Intracorp licensed the game to another company called Ignite, also known as Inscape, Graphix Zone, and probably a few other names as well. I was in touch with some folks at that company, and things seemed to be going well, other than they couldn't seem to get me a reasonable picture of their logo to put in the game. I finally redrew it myself and sent them the final disks. As it turned out, they couldn't wait for the final version, and manufactured CDs of a much earlier, unfinished version of the game which they handed out to random people at the E3 trade show. That year the show was in Atlanta, so I was not attending, which was unfortunate because if I had been there I would have known that they had fired their entire staff.

I'm not sure how it took so long for the news of Ignite's troubles to reach me, but I went on thinking that everything was alright for some time. It wasn't until a few months later at Anime Expo that Ron Scovil of Mixx Magazine told me what had happened. I suddenly became very ill. After the convention, I was staying at a friend's house in the Los Angeles area, and since Ignite was in that area, I decided to pay them a visit. First, I found Ignite's padlocked office. Questioning the neighbors, I determined that they had moved out at least 6 weeks ago. Fortunately, I was able to find some information on the internet that linked Ignite to Inscape and Graphix Zone.

Next I headed off to Inscape and Graphix Zone's headquarters in Irvine. They had several buildings in an industrial park, but all were abandoned. The last one I found had instructions for the mail to be delivered to another address. So I went to that address, a mile or so away. In a building in another industrial park marked for some other business, I finally found them. They were not too happy to see me. The woman who seemed to be in charge accused me of harassing her secretary and claimed to not even know about SoftEgg, as their agreement was with Intracorp. I did get some new contact information from them before I left.

back to top ^
Golf Star Inc.
Location
Resident Agent: LAUGHLIN ASSOCIATES, INC. (Accepted)
Address: 2533 N. CARSON STREET
CARSON CITY NV 89706

Investment
490,000 shares
$82,000

Background
This is a Rackemann venture, I believe.

Type: Corporation File Number: C1258-1994
State: NEVADA Incorporated On: January 26, 1994
Status: Revoked Corp Type: Regular
Resident Agent: LAUGHLIN ASSOCIATES, INC. (Accepted)
Address: 2533 N. CARSON STREET
CARSON CITY NV 89706
President: DONALD J. RACKEMANN
Address: 18 CORPORATE PLAZA
NEWPORT BEACH CA 92660
Secretary: LORRAINE J. RACKEMANN
Address: 18 CORPORATE PLAZA
NEWPORT BEACH CA 92660
Treasurer: LORRAINE J. RACKEMANN
Address: 18 CORPORATE PLAZA
NEWPORT BEACH CA 92660

back to top ^
American Wireless Systems
Location
Mailing Address
200 CHISHOLM PL STE 200
PLANO, TX 75075

Investment
10,000 shares
$56,000

Background
AWST.OTB
AMERICAN WIRELESS SYSTEMS, INC.
Number: C1755547 Date Filed: 12/23/1994
Status: forfeited
Jurisdiction: DELAWARE
Mailing Address
200 CHISHOLM PL STE 200
PLANO, TX 75075
Agent for Service of Process
C T CORPORATION SYSTEM
818 WEST SEVENTH ST
LOS ANGELES, CA 90017

Not much information on American Wireless Systems available (will look further later); the company experienced some shaky financials, went through several unsuccessful ‘restructuring’ changes and eventually wound up in merger discussions with Heartland, another wireless company.
back to top ^
Churchill Technology
Location


Investment
1,375,000 shares
$300,781.25

Background
Churchill was the recipient of fictitious stock purchases made by knucklerapped trader Michael Jawitz in this case before the SEC:

On May 25, 1995, at 10:11, a customer entered a limit order to sell 12,000 shares of Churchill Technology Inc. at $.75 per share. At 10:36, Jawitz entered a limit order to sell 15,000 Churchill shares at $.72 per share purportedly on behalf of Wilson-Davis, without Wilson-Davis's authorization or knowledge. At 10:44, a customer entered a second limit order to sell 12,000 shares of Churchill at $.7343. In five trades between 10:37 and 10:45, Jawitz sold from MASH's proprietary account a total of 12,100 Churchill shares at $.75 per share. As a result of these later trades, MASH's trading system partially executed Jawitz's fictitious limit order by buying 12,100 Churchill shares from Wilson-Davis at $.72 in four transactions on May 25, 1995, between 10:37 and 10:45. These four transactions were reported to the public, through ACT, between 10:45 and 10:48. At 10:48, Jawitz canceled these later transactions.

It was also mentioned in this cease and desist order against another trader, Gurban Marwan:

A. Gamal Marwan ("Marwan"), at the time of the conduct in question was 29 years old, and a resident of California.

B. Churchill Technology, Inc. is a bio-technology company. The company's securities are penny stocks and are registered with the Commission pursuant to Section 12(g) of the Exchange Act and are listed on the Over-the-Counter Bulletin Board under the symbol CHUR.

C. During the period from at least in or about August 1996 through October 1996, Marwan offered to pay, and did pay, undisclosed compensation to person(s) whom he believed to be registered representative(s) or registered principal(s), to induce such registered representatives, registered principals or persons to purchase the common stock of CHUR for the accounts of customers. For example, on or about October 2, 1996, Marwan transferred 15,000 shares of CHUR stock to a broker-dealer which was undisclosed compensation for previous purchases of 66,000 shares of CHUR at prices ranging from approximately $0.16 to $0.18 per share by the broker-dealer. Accordingly, Marwan willfully violated, and committed and caused violations of, Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.


More Churchill tidbits from a genetics listserv:

Novon later ended up in the hands of Churchill Technology, Inc., a Buffalo, N.Y. outfit that claimed to have invented a "revolutionary" biodegradable plastic. But the company sank into bankruptcy in late 1996, soon after a director and major shareholder was arrested in a stock promotion scheme. What's left of Novon was bought last year by Churchill's former president, Robert Downie.
back to top ^
Santa Barbara Connected Systems
Location
Mailing Address
126 W FIGUEROA STREET
SANTA BARBARA, CA 93101

Investment
$789,000

Background
SANTA BARBARA CONNECTED SYSTEMS CORPORATION
Number: C1787424 Date Filed: 7/17/1996
Status: active
Jurisdiction: California
Mailing Address
126 W FIGUEROA STREET
SANTA BARBARA, CA 93101
Agent for Service of Process
JOHN P LADD
126 W FIGUEROA STREET
SANTA BARBARA, CA 93101

John P. Ladd appears to be connected with Renco Encoders Inc as well.

back to top ^
Alliance Manufacturing Software
Location
Mailing Address
1253 COAST VILLAGE RD #103
SANTA BARBARA, CA 93108

Investment
$1,524,990.80

Background
ALLIANCE MANUFACTURING SOFTWARE, INC.
Number: C1887183 Date Filed: 4/26/1994 Status: dissolved
Jurisdiction: California
Mailing Address
1253 COAST VILLAGE RD #103
SANTA BARBARA, CA 93108
Agent for Service of Process
[Name removed due to out of date information]
226 E MOUNTAIN DR
SANTA BARBARA, CA 93108

Alliance Manufacturing Software has a webpage, and produces “software for small to medium-sized manufacturers.”

The Executive team is as follows:

Roger McKee Vice President,Alliance/ MFG Solutions Division
James Diamond Director of Alliance/MFG Development
Peter East Managing Director of Alliance/MFG International Sales
Paul Defalla Manager of Sales & Support Operations

Roger McKee is a Scientologist, according to Source #84, but does not appear on any other lists. There are a number of other McKees in Scientology, however.

Alliance is also involved with the Diamond Venture Forum, according to this page.

Interestingly, the management listing on the Diamond site has some notable changes, including the absence of Roger McKee:

Bob Kimball, President and CEO, >15years software mgt Hewlett-Packard, Ashton-Tate, XTree Company etc.;
Jim Diamond, VP-Development, MRP pioneer at GTE Corp, architect for Alliance/MFG;
Peter East, VP-International, MRP pioneer, former MD (UK) for Symix, computer sales mgt veteran;
William Smith, CPA, VP-Sales&Mktg, early team member at Alliance, accounting, business development and ERP market strengths;
Susan Thompson, CFO, audit and client financial mgt expertise
Ron Reiner, Director Prof. Svcs, deep MRP mgt background including Compaq, Iomega
Peter Grubstein, president, Grubstein Holdings, Dan Jacobs, Ph.D., global marketing consultant,
Bob Kimball

Note the presence of Dan Jacobs, Slatkin victim and former associate (see elsewhere in site).

Alliance is seeking $1,000,000 in funding.

Diamond Venture is, according to its webpage, a Riverside-based local economic development venture:

In early 1995, a partnership was formed between Ernst & Young LLP, Southern California Edison, the University of California Riverside, and the Inland Empire Economic Partnership to develop a program that would assist companies in the Inland Empire to gain access to venture capital. The result was the Diamond Venture Forum, which over the last three years has successfully brought together entrepreneurial companies and venture investors in Southern California.
back to top ^
E-Soft Inc.
Location
Unknown

Investment
$144,500

Background
Some possibilities, including this Canadian computer security consulting firm, E-soft Inc. at http://www.e-softinc.com - no idea if this is the firm in question. There was also an E-Soft Inc. registered in the California Corporate database, but it has been confirmed not to be the E-soft in question.
back to top ^
Object Products Inc
Location
Mailing Address
330 TOWNSEND ST SUITE 206
SAN FRANCISCO, CA 94107

Investment
36,636 shares
$100,000

Background
Two entries, this one refers to a ‘merged’ company, likely the second, active company:

OBJECT PRODUCTS, INC.
Number: C1926086 Date Filed: 1/17/1995
Status: merged out
Jurisdiction: California
Mailing Address
330 TOWNSEND #206
SAN FRANCISCO, CA 94107
Agent for Service of Process
TOMAS TOVAR
BROBECK PHLEGER & HARRISON
ONE MARKET ST, STEAR STREET TOWER
SAN FRANCISCO, CA 94105

Here is the current listing:
OBJECT PRODUCTS, INC.
Number: C1969466 Date Filed: 5/9/1996
Status: active
Jurisdiction: DELAWARE
Mailing Address
330 TOWNSEND ST SUITE 206
SAN FRANCISCO, CA 94107
Agent for Service of Process
THOMAS A BEVILACQUA, ESQ
BROBECK, PHLEGER & HARRISON LLP
TWO EMBARCADERO PLACE, 2200 GENG ROAD
PALO ALTO, CA 94303

According to this news release from Conxion, Object Products Inc. provides clinical management software:

Object Products, Inc. (San Francisco, Calif.) is an information technology company focused on providing fully Internet-enabled solutions for clinical management. Object’s strategic goal is to integrate the management of healthcare clinical and business processes into one unified system. Object develops software with the Organic ArchitectureÔ , its advanced object oriented technology, that makes applications readily adaptable to rapidly changing requirements.

As of 1997, the company was actively gobbling up other health-related high tech firms:

Hither & Yon: Object Products adds to stable Object Products Inc., a 3-year-old San Francisco-based information technology company focusing on health care, last month acquired HealthCheck Inc., a Sacramento company that verifies the professional credentials for physicians, chiropractors, dentists, podiatrists and other health-care providers.

Privately held Object Products, which last year purchased a similar company in Colorado, is building up a stable of health-care-oriented high-tech companies. Specialities so far include practice management and scheduling, outcomes management, case management, credentialing and provider profiling. Overall, the company has made seven acquisitions since its founding, including five since March of last year, and now has 85 employees.


Projected revenue for 1997 is $12 million, according to a company spokeswoman.

Here is an interview with Object Products VP Michael Meisel:

According to this SEC filing, the company has since reformed under the name Organicnet Inc.
back to top ^
Fortress Technologies
Location


Investment
$810,000

Background
Fortress Technologies is a Florida-based security software company run by Scientologist and Aharon Friedman. There are several Fortress connections to Slatkin investors. The company website is at http://www.fortresstech.com

According to this complaint of Relgious Discrimination, Ben-Zion Levy was forced out of this company by Friedman and other Scientologists because he wasn't a Scientologist.
back to top ^
Inxsys Broadcast Networks Inc.
Location
Inxsys Broadcast Networks, Inc. (INXSYS-DOM)
921 14th Ave
Longview, WA 98632

Investment
$500,000

Background
Inxsys seems to be some sort of radio broadcast network, although it’s hard to tell since there is little information about the company online, and its website at http://www.inxsys.com doesn’t appear to be working. Inxsys did receive $8.2 million in a private venture capital placement from Roth.

From Internic:
Registrant:
Inxsys Broadcast Networks, Inc. (INXSYS-DOM)
921 14th Ave
Longview, WA 98632
Domain Name: INXSYS.COM
Administrative Contact, Technical Contact, Billing Contact:
Copeland, Mark (MC512) admin@INXSYS.COM
Inxsys Broadcast Networks, Inc.
921 14th Ave
Longview, WA 98632
360-425-5000 (FAX) 360-636-1583

Aha, Washington. That’s why they weren’t listed in the California corporate database. According to this blurb from an online directory.

Our goal is to be the most productive and innovative source of non-traditional revenue for the broadcaster's industry

This fellow, Dave Spotts, lists InXsys on his online resume:

I am employed as Vice President of Software Development, Radio Personals Division, for InXSys Broadcast Networks Inc.. I also have done recent work for Interactive Television Associates doing software development for Eastman Kodak and other clients.

Oh, late-breaking news, according to another Spotts resume (thanks, Dave, for putting your life online for our voyeuristic perusal):

DATE: January 1998 - July 1998
COMPANY: InXSys Broadcast Networks Inc., Longview, WA (www.inxsys.com) {snip}

Entire staff was laid off (7/1/98) due to company financing, funding, and backing activities.

Another successful Reed venture rides off into the sunset (presumably with his money).
back to top ^
Jordan Pharmaceuticals Inc.
Location
Mailing Address
1845 TONNE ROAD
ELK GROVE VILLAGE, IL 60007

Investment
$1,300,000

Background
JORDAN PHARMACEUTICALS, INC.

Number: C1643232 Date Filed: 6/27/1989
Status: active
Jurisdiction: California
Mailing Address
1845 TONNE ROAD
ELK GROVE VILLAGE, IL 60007
Agent for Service of Process
EARL JORDAN
14 KING EIDER LANE
ALISO VIEJO, CA 92656

Jordan Pharmaceuticals is apparently in the drug business (surprise, surprise but Reed! Thetans don’t need drugs), and issued this recall of one of its products in May, 2000:

Elk Grove Village, IL (SafetyAlerts) - The Food and Drug Administration (FDA) today reported that Jordan Pharmaceuticals Inc. is conducting a recall of Jordan Epinephrine Injection, USP, 1:1000, 1 mg/mL, 1mL ampuls, because of subpotency during stability testing.

This Canadian drug company had plans to acquire Jordan Pharmaceuticals in 1998:

Bioniche Pharma
In December Bioniche announced the proposed acquisition of Jordan Pharmaceuticals Inc., a California based distributor of injectable pharmaceutical products. This acquisition supports our strategy to establish a strong position in the US injectables market. Jordan’s well established distribution network in the US, combined with the manufacturing capabilities of our FDA compliant plant in Ireland, positions Bioniche Pharma to capitalize on the significant growth opportunities in the US.

Current combined annualized sales of Bioniche Pharma and Jordan are approximately CDN $10 million. The acquisition will generate increased cost efficiencies and higher gross margins and will provide Bioniche Pharma with the critical mass necessary to pursue further acquisitions.


But according to this subsequent newsletter, the deal didn’t go through:

Bioniche Pharma
We continue to work toward establishing a strong position in the US injectables market. Our previously announced acquisition of Jordan Pharmaceuticals Inc. will not be proceeding. However, we are in the final stages of negotiations with a strategic partner to develop our US market presence by distributing our products, and who will work with us in codeveloping new products.


BioPlexus made a $600,000 loan to Jordan Pharmaceuticals:

On September 3, 1998, the Company loaned $600,000 to Jordan Pharmaceuticals, Inc. ("Jordan"), a California corporation, in exchange for a one-year promissory note. On October 31, 1998, the Company converted the promissory note into 120,000 shares of Jordan Series A Preferred Stock. Pursuant to a stock option agreement dated October 31, 1998, Jordan had a right to repurchase the shares of Series A Preferred Stock plus any paid-in-kind shares owned by the Company (in lieu of interest paid in cash), at a purchase price of $5.00 per share. On March 31, 1999, Jordan exercised its option with respect to all the shares for total consideration of $627,000.
back to top ^
Safeguard Anti-Flame USA
Location
Mailing Address
8581 SANTA MONICA BLVD
LOS ANGELES, CA 90067

Investment
$400,000

Background
SAFEGUARD ANTI-FLAME U.S.A., INC.

Number: C2032907 Date Filed: 8/8/1997
Status: active
Jurisdiction: NEVADA
Mailing Address
8581 SANTA MONICA BLVD
LOS ANGELES, CA 90067
Agent for Service of Process
CYNTHIA DE PETRIS
1545 WILSHIRE BLVD 8TH FLOOR
LOS ANGELES, CA 90017

From Nevada database:
SAFEGUARD ANTI-FLAME U.S.A., INC
Resident Agent: CORPORATION TRUST COMPANY OF NEVADA (Accepted)
Address: 6100 NEIL ROAD #500
RENO NV 89511
President: ERIC KNIPE
Address: 1977 COLDWATER CYN DR
BEVERLY HILS CA 90210
Secretary: ERIC KNIPE
Address: 1977 COLDWATER CYN DR
BEVERLY HILS CA 90210
Treasurer: ERIC KNIPE
Address: 1977 COLDWATER CYN DR
BEVERLY HILS CA 90210

Oddly, this address resolves to Albert Hill, not Eric Knipe, in Infospace.

This somewhat obscure catalogue listing suggests that whatever the company name, Safeguard Anti-Flame produces some paint-related product:

This page suggests that Safeguard is also known as Beta Technology:

Beta Technology, Inc.
Safeguard Anti Flame U.S.A., Inc.

There is this listing for Beta Technology Inc in the California database:

BETA TECHNOLOGY, INC. WHICH WILL DO BUSINESS IN CALIFORNIA AS BETA OSB
Number: C2058868 Date Filed: 10/22/1997
Status: active
Jurisdiction: NEVADA
Mailing Address
8581 SANTA MONICA BLVD
LOS ANGELES, CA 90069
Agent for Service of Process
CYNTHIA DE PETRIS
1545 WILSHIRE BLVD 8TH FLOOR
LOS ANGELES, CA 90017

Note the same RA as for the California registration of Safeguard Anti-Flame USA.

From Nevada:

Name: BETA TECHNOLOGY
Type: Corporation File Number: C9207-1996 State: NEVADA Incorporated On: April 24, 1996
Status: Current list of officers on file Corp Type: Regular
Resident Agent: CHQ INCORPORATED (Accepted)
Address: 1555 E. FLAMINGO
STE 155
LAS VEGAS NV 89119
President: ERIC KNIPE
Address: 8581 SANTA MONICA BLVD
LOS ANGELES CA 90069
Secretary: ERIC KNIPE
Address: 8581 SANTA MONICA BLVD
LOS ANGELES CA 90069
Treasurer: ERIC KNIPE
Address: 8581 SANTA MONICA BLVD
LOS ANGELES CA 90069

Mr. Knipe turns up again.
Among Beta Technology Inc.’s products is this little beauty:

The most direct,simple, and accurate method for estimating leanness-fatness is measuring the thickness of skinfolds by constant-tension calipers. The Lange Skinfold Calipers manufactured by Beta Technology Inc., are specifically designed for the simple, accurate measurement of subcutaneous tissue


Fat clippers. Yum.

Mr. Knipe is oddly difficult to trace other than his entry in the companies’ respective corporate findings. Probably worth digging a little deeper just to see what pops out.
back to top ^
Replay Networks Inc.
Location


Investment
$25,000

Background
According to this story, Replay Networks is an online data provider with some powerful players on its board of directors:

Palo Alto-based online television guide and data provider Replay Networks Inc. received $8 million in venture capital from Kleiner Perkins Caufield & Byers, Vulcan Ventures Inc., Paul G. Allen and Tribune Co. Kleiner Perkins partner William Hearst III joins the Replay Networks board of directors, which includes Netscape co-founder Marc Andreessen and former Compaq senior executive Kevin Bohren.

More money for Replay and an apparent answer to the question of how Reed found out about it:

Replay Networks Inc. announced Wednesday it received a $57 million strategic investment from media giants Time Warner Inc., Walt Disney Co. and NBC. High-tech luminaries Marc Andreessen, Sky Dayton and Paul Allen have also bought into the company. The announcement comes one day after Replay's chief rival, TiVo Inc., announced a partnership and equity investment from America Online. And TiVo announced last month its own who's who of media investors as backers continue to line up behind the two chief manufacturers of "personal TV" systems.
back to top ^
Crystallize Inc.
Location


Investment
109,090 shares

Background
Yet another vague-sounding enterprise management software company, Crystallize has a website which states:

Crystallize is a pioneer and leader in automating enterprise change. Crystallize software solutions enable companies to rapidly complete information technology projects driven by business change. Our patent-pending software allows companies to provide a stronger alignment between their business processes and application infrastructure

Company executives are as follows: Helene Abrams, Rich Earley, Jeff Barron, James A. Stewart, William Frame, John DeBoer and Mark Fuller. They all appear to be from Michigan, which could explain the connection to Reed.

According to this page, Crystallize was the recipient of $4,100,00 in venture capital funding from the M Group:

This press release, from the M Group itself, discusses the deal as well as giving a little more information about Crystallize:
back to top ^
Fatpipe Inc
Location


Investment
$300,000

Background
Hey, it’s Fatpipe! Any relation to the Feshbach’s FatpipeU, an amorphous high tech labour supply company?

Why yes, FatpipeU is a DBA for Fatpipe, Inc., according to its webpage:

TRADEMARK INFORMATION
The training method used by FatPipeU, Inc. was developed by L. Ron Hubbard and is used with the permission of Effective Education Publishing™. Effective Education Publishing is a trademark used with permission of the Association for Better Living International™.

TERMS AND CONDITIONS OF USE
PLEASE READ THESE TERMS AND CONDITIONS OF USE CAREFULLY BEFORE USING THIS SITE.

FATPIPE, INC. dba FATPIPEU, INC. makes available any and all information on this website (as well as the HTML files and codes that enable this site, including its hypertext features) (collectively, the “Site”) exclusively under the terms and conditions of use specified below:

FatpipeU’s officers are as follows:

Matthew Feshbach Founder and Chairman of the Board (Scientologist)
Howard B. Gelt Corporate Counsel
John R. Rose
Michael Howe
Stanley Chapman (Scientologist)
Sandra Chapman (Scientologist)
back to top ^
Café Odyssey Inc (Popmail.com Inc)
Location


Investment
$1,000,001

Background
Oh yeah, I remember these guys now. Weirdest business model I’d seen in a while, in fact. Café Odyssey was a Bloomington, MN based restaurant of some notoriety that suddenly went all gaga over the Internet, and merged with California-based dotcom-failure-in-the-making Popmail.com, as per this 1999 news story:

Cafe Odyssey shareholders approve merger
Bloomington-based Cafe Odyssey Inc. shareholders approved the merger with Sunnyvale, Calif.-based PopMail.com Inc. at the Aug. 19 shareholders meeting. They also approved the name change from Cafe Odyssey Inc. to PopMail.com Inc. The transaction is expected to be completed this quarter.


Some background originally, Café Odyssey was in the restaurant business, specializing in “theme” dining experiences, as explained in this article:

The company's first Cafe Odyssey restaurant (the Kenwood location remains named Hotel Discovery) opened in May 1998 at Minneapolis' Mall of America. It offers three theme rooms that take diners to Africa's Serengeti Plains, the ruins of Machu Picchu in Peru and the Lost City of Atlantis. The concept is similar to other themed eateries, such as Rainforest Cafe and Hard Rock Cafe. But King maintained Cafe Odyssey's quieter, less intrusive atmosphere and more sophisticated menu would differentiate Cafe Odyssey in the eyes of consumers.

The company went public in 1997 with the aim of building a nation-wide chain of similar eateries. Then along came the internet (from same article):

King is asking Cafe Odyssey shareholders at the company's annual meeting in Minneapolis later this month to endorse the new strategy by approving the company's merger with Popmail.com Inc., a privately held Dallas-based company that sells e-mail services to radio stations. Shareholders are also being asked to change Cafe Odyssey's name to Popmail.com Inc. In addition, King has inked agreements to acquire two other Internet commerce companies once the merger goes through. And he's pursuing at least two additional acquisitions. Using the three new properties, King hopes to assemble a network of millions of e-mail users who will provide a ready market for advertisers and e-commerce vendors. "E-mail in the future is going to be like telephone is now. Everybody's going to have multiple e-mail accounts," said King. "We see a large opportunity in front of us here."

Wall Street wasn’t wild about the new venture, but investors didn’t seem to mind:

The company's filings with the SEC indicate the risks associated with the strategy are plentiful. And the company that served as Cafe Odyssey's principal underwriter in November 1997 has indefinitely suspended its "buy" rating on Cafe Odyssey shares. But investors seem to like King's moves. Cafe Odyssey's stock price has risen from a low of 75 cents per share in April to $3 per share at the close of trading on Aug. 3.

Popmail.com, alas, doesn’t appear to have been a stunning success, according to its charts.

The stock is currently hovering at 9 cents, from a 52-week high of $7.19. Ouch.

According to its most current profile on Yahoo!, Odyssey is no longer in the restaurant business:

PopMail.com, Inc. consists of two divisions, the restaurant division (which has been presented as discontinued operations) and the Internet division. The restaurant division develops, owns and operates restaurants with multiple-themed dining rooms designed to appeal to the upscale casual dining market. PopMail has Cafe Odyssey restaurants at the Mall of America in Bloomington, Minnesota, which opened in June 1998, and in the Denver Pavilions, which opened in March 1999. In March 2001, the Company executed a definitive purchase agreement to sell the net assets of the restaurant division, with closing expected to occur on or about April 30, 2001. With the sale of the restaurant division, along with the sale of two of its three Internet companies, the Company will focus its financial and other resources on operating and growing PopMail Network, Inc.

From the same page, the financial summary:

PopMail.com is an online fan club marketing company that provides fan clubs and fan club services for recording artists, sports teams, and clients in the broadcast and entertainment industry. For the fiscal year ended 12/31/00, net sales totaled $3 million, up from $107 thousand. Net loss from continuing operations applicable to Common totalled $116 million, up from $22.3 million. Results reflect a full 12 months of EnewsNotifer revenues, offset by an asset-impairment charge and loss on asset sales.

Here’s something you don’t see everyday a news release announcing the move from NASDAQ to OTC trading:

PopMail.com to Trade on OTC Bulletin Board

IRVING, Texas - Jan. 22, 2001--Effective immediately, PopMail.com's common stock (POPM) will begin trading on the OTC Bulletin Board. On January 19th, the company was notified by the Nasdaq that, although it has failed to comply with all of the Nasdaq's continued listing requirements, it met all of the requirements for listing on the OTC Bulletin Board.


And we know just how stringent those requirements are.
back to top ^
Shopping4sure.com Inc.
Location
Headquarters:
6 Cambridge Drive, Trumbull, CT 06611
Main Line: (203) 615-7000

Investment
9,000 shares
$270,000

Background
Why does this website have the distinct feel of a Rackemann venture?

The company is located in beautiful Connecticut:

Headquarters:
6 Cambridge Drive, Trumbull, CT 06611
Main Line: (203) 615-7000

Ah, this article makes it all clear:

When competitors pay out millions on catered dinners, splashy ad campaigns and car giveaways, Shopping4Sure.com Inc. Chief Executive Bruce Martin just shrugs his shoulders and grins. Shopping4Sure.com, the CRN E-Star in computer products e-tailing, has taken a different approach to the market. Martin and his partner, Chip Lacy, former chief executive of Ingram Micro Inc., are stalking the small- and midsize-business market with good old-fashioned outbound sales calls, an attention to customer service and a tight rein on costs.

"Our focus has always been about finding efficient ways to get businesses to try us," Martin said. It is the same formula that helped Lacy build Ingram Micro into a distribution powerhouse. And Martin, who was one of Lacy's right-hand men at Ingram Micro, is counting on that distribution experience to help Shopping4Sure.com go the distance in a market already showing signs of a shakeout.


“Chip” or Linwood Lacy was one of the founding investors of ELNK, which explains why Reed invested in this company.
back to top ^
International Dispensing Corporation
Location


Investment
$375,000

Background
KNOWN
back to top ^
Icebox Inc.
Location


Investment
73,529 shares
$100,000

Background
From the California Corporate Database:

ICEBOX, INC. (WHICH WILL DO BUSINESS IN CALIFORNIA AS DELAWARE ICEBOX, INC.)
Number: C2222508 Date Filed: 3/9/2000
Status: active
Jurisdiction: DELAWARE
Mailing Address
300 S GRAND AVE 29TH FL
LOS ANGELES, CA 90071
Agent for Service of Process
C T CORPORATION SYSTEM
818 WEST SEVENTH ST
LOS ANGELES, CA 90017

I’m not sure if it’s a great sign when the first hit on Google for your company is a letter of complaint from the Organization of Chinese Americans:

Icebox, Inc. - the parent company of www.icebox.com - currently runs a weekly program on their website entitled "Mr. Wong" which features a stereotypical Chinese American man who serves as a butler for a rich white American socialite named Miss Pam. The portrayal of this Asian Pacific American character is stereotypical in every way. He speaks with an unrealistic accent and has no pride, allowing his boss to step all over him.


According to the angry Chinese Americans, Icebox’s executive team is as follows:

Steve Stanford, CEO and Co-Founder, Icebox, Inc.
Jonathan Collier, Co-Founder and Co-of Production, Icebox, Inc.
Howard Gordon, Co-Founder and Co-President of Production, Icebox, Inc.
Rob LaZebnik, Co-Founder and Co-President of Production, Icebox, Inc.
Gary Levine, President, Icebox, Inc.
Pam Brady, Creator, Mr. Wong
Kyle McCulloch, Creator, Mr. Wong

Actually, as it turns out, Icebox had a fairly impressive masthead, including former writers and producers from the Simpsons, King of the Hill and other successful animation projects.

Unfortunately, according to a little box on their webpage, the site was forced to shut down in February, and is currently in re-development mode as three of the original founders try to get it up and running again. You can donate to Icebox through an Amazon clickie on the site’s front page, which just seems vaguely pathetic.

Here’s a press release on the company’s new business plan:

April 10, 2001
Icebox Plans Relaunch as a B-to-B Operation
Executives and founders of shuttered Web-animation firm Icebox Inc. plan to relaunch the business to develop programming for other companies. The executives said they acquired the rights to much of the content developed by Icebox, which before its February shutdown created several series of short, cartoon episodes. The closely held Los Angeles company, formally called Icebox 2.0 LLC, hopes to syndicate its programs to online destinations and other media and has reached such a pact with closely held digital-entertainment distributor Mondo Media, San Francisco. Icebox won't maintain its entertainment Web site for consumers and will have only five employees.

back to top ^
Bidcall Limited (Playlouder)
Location


Investment
163 shares

Background
Hmm, could be this online music site.

Except that it appears to be a UK company, and somehow that doesn’t sound like Reed. But you never know. There don’t appear to be any other likely suspects.
back to top ^
Seize the Day Inc.
Location
Seize the Day, Inc.
P.O. Box 833
Calistoga, CA 94515

Investment
202,797 shares
$448,880.73

Background
Seize the Day, Inc. was an ‘artistic daily planner’, according to various spots on the web that discuss the product, such as this review:

If you are beginning to think about Christmas shopping I would recommend this unique calendar/journal/scheduling/address, phone list/to do/alarm program. It answers all the needs of such a program and much more. If only for the scheduling portion, it contains just what I find desireable in such a program -- ease of use, day, week, monthly or yearly calendaring and the best "repeat" scheduling function I have used.

Here is the address for the company:

Seize the Day, Inc.
P.O. Box 833
Calistoga, CA 94515
Phone (707) 942-2983 (24 hrs. daily) or FAX (707) 942-2998.

Sadly, according to the CCDB, the company has had its corporate licence suspended:

SEIZE THE DAY, INC.
Number: C1524472 Date Filed: 7/29/1992
Status: suspended
Jurisdiction: California
Mailing Address
*P O BOX 833
CALISTOGA, CA 94515
Agent for Service of Process
JOHN FRUIN
3380 HIGHWAY 128
CALISTOGA, CA 94515
back to top ^
Century Park Pictures
Location


Investment
45,000 shares

Background
Century Park Pictures is the Minneapolis-based theatre company owned by Thomas Scallen, according to this article:

Chanhassen Dinner Theatre, the 30-year-old dining and drama institution that was sold by its founders to Minneapolis businessman Thomas Scallen's company, Century Park Pictures, has a new owner -- Thomas Scallen himself.

The publicly traded Century Park, which has endured a string of losses and is attempting to recast itself as a player in the media industry, turned control of the theater -- its only remaining business operation -- to Scallen, who will run the enterprise privately. Although Century Park Pictures seems to have at one point been traded OTC, there is no record of it on Yahoo!.

back to top ^
Healthcor Inc.
Location


Investment
$35,000

Background
Unsure at the moment will come back to it.
back to top ^
Digital Secured Networks Technology Inc.
Location


Investment
$588,262

Background
See Fortress Technologies
back to top ^
Planet Central TV Inc.
Location
Mailing Address
6815 WILLOUGHBY AVE., #202
LOS ANGELES, CA 90038

Investment
$25,000

Background
PLANET CENTRAL TV, INC.
Number: C1944109 Date Filed: 7/17/1995
Status: forfeited
Jurisdiction: DELAWARE
Mailing Address
6815 WILLOUGHBY AVE., #202
LOS ANGELES, CA 90038
Agent for Service of Process
RICK COHEN
COHEN, NELSON & MAKOFF
501 SANTA MONICA BLVD., STE. 501
SANTA MONICA, CA 90401

Planet Central TV is a specialty network dedicated to earth-related subjects, according to this news release from 1995 which discusses its impending launch:

Planet Central is the first contemporary, globally focused channel dedicated to broadening our vision of the possibilities and realities of life on Earth through unusual news, entertainment, unfettered discourse and imaginative fun, giving a place to voices and visions rarely seen on TV. The network's major programming themes are the environment, human development, positive global solutions and the way we live on the planet. This is television for the emerging new mainstream of the 21st century.


The same address links to this closed captioning company:

Visual Sound
6815 W. Willoughby Ave., # 202
Hollywood, California 90038
Phone: (213) 962-5990
Fax: 213-962-5992
Email: VISUALSND@aol.com
Service:Offline
back to top ^
Physicians Data Corporation
Location


Investment
$5,881,399

Background
The infamous Intellego.
back to top ^
Protein Delivery Inc.
Location


Investment
$25,000

Background
Protein Delivery Inc. is a North Carolina-based drug company specializing in oral delivery of medicines. It has since changed its name to Nobex Corporation:

Nobex Corporation (formerly Protein Delivery), located in Research Triangle Park, North Carolina, is a privately held, developmental stage company specializing in applying medicinal chemistry to therapeutic drug delivery. Their primary focus is enabling the oral delivery of protein, peptide and small molecule drugs currently available only through injection.


According to this press release, which explains the reasons behind the name change, the president and CEO is Christopher H. Price:

"While the Company will continue its important efforts to enable oral delivery of protein drugs, we made a strategic decision to broaden the application of our proprietary technology to address the oral delivery challenges of peptide and difficult small organic molecule drugs," said Christopher H. Price, Ph.D., Chief Executive Officer of Nobex Corporation. "With the early success of these efforts, it became clear that the name Protein Delivery did not adequately describe our business anymore."
back to top ^
Skinmarket Inc.
Location
Mailing Address
PO BOX 231158
SACRAMENTO, CA 95823

Investment
$1,715,696.19

Background
SKINMARKET, INC.
Number: C2231206 Date Filed: 4/27/2000
Status: active
Jurisdiction: DELAWARE
Mailing Address
PO BOX 231158
SACRAMENTO, CA 95823
Agent for Service of Process
NATIONAL REGIST ERED AGENTS, IN C.
2030 MAIN STREET STE 1030
IRVINE, CA 92614

http://www.skinmarket.com

Skinmarket is a Santa Barbara-based cosmetic store targeted at teens, according to its website. This story describes the founder’s ambition:

Entrepreneur Tony Hirsch got the idea for the store after finding 79 bottles of nail polish lined up in his stepdaughter's medicine cabinet. He and his wife, Patsy, developed the concept of SkinMarket, a place where the hottest cosmetics and body care products merge with a selection of CDs and magazines geared toward teens. The environment, they say, is more like a girl's bedroom than a store.


Teen-agers can try on 1,001 different shades of lipstick, get a makeover and then freeze the moment with instant cameras, and drop a line to a friend with a SkinMarket postcard.

According to this story, Hirsch (who does not appear to be a Scientologist) was the ‘marketing maven’ who brought HMV to New York:

Hirsch, the marketing maven who brought HMV Music Ltd. to New York, opened SkinMarket in March at the Beverly Center in California. His philosophy was simple: teens like hanging out with their friends and buying cosmetics, so give them a place to do both.
back to top ^
Credicorp Inc.
Location


Investment
205 shares

Background
Credicorp is the company belonging to Slatkin investor Jeffrey Schwartz of Chicago.
back to top ^
American Technologies Group
Location


Investment
37,500 shares

Background
The infamous ATEG, a company currently under attack from angry investors claiming fraud as well as launching its own attack against what it calls a conspiracy orchestrated by the Church of Scientology, has long been of interest to those who watch Scientologist-associated business ventures and has even earned its own critical website:

http://www-2.cs.cmu.edu/~dst/ATG/

Interestingly, ATEG’s Vice President is Michael Kobrin, husband of noted Scientology attorney Helena Kobrin and also a Slatkin investor.
back to top ^
Talking Rings Entertainment
Location


Investment
5,000,000 shares

Background
Number: C1386209 Date Filed: 9/17/1986
Status: dissolved
Jurisdiction: California
Mailing Address
13856 BORA BORA WAY #216C
MARINA DEL REY, CA 90292
Agent for Service of Process
ARNOLD LEIBOVIT
13856 BORA BORA WAY #216C
MARINA DEL REY, CA 90292

Talking Rings’ website is here:

http://www.scifistation.com/

It appears to be a fairly conventional entertainment product retailer, with a particular interest in George Pal.

Arnold Leibovit, the principal, is also a filmmaker who has produced a documentary about Pal’s work.
back to top ^
Advanced Resin Technology Inc.
Location


Investment
155 shares

Background
Can’t find this one.
back to top ^
Rescom Inc.
Location
Mailing Address
2222 CORINTH AVE.
LOS ANGELES, CA 90064

Investment
12,500 shares

Background
RESCOM, INC.
Number: C1841539 Date Filed: 2/17/1993
Status: dissolved
Jurisdiction: California
Mailing Address
2222 CORINTH AVE.
LOS ANGELES, CA 90064
Agent for Service of Process
SHERI L. JENSEN
2222 CORINTH AVE.
LOS ANGELES, CA 90064

This address also seems to resolve to Oakwood Worldwide, a relocation company:

Oakwood Worldwide
2222 Corinth Avenue
Los Angeles, CA 90064

Here is its corporate record, for interest:

OAKWOOD CORPORATE HOUSING, INC.
Number: C1740048 Date Filed: 3/2/1994
Status: active
Jurisdiction: California
Mailing Address
2222 CORINTH AVE
LOS ANGELES, CA 90064
Agent for Service of Process
GAIL STARKS
R&B REALTY GROUP
2222 CORINTH AVE
LOS ANGELES, CA 90064
back to top ^
Maxa Corporation
Location


Investment
175,000 shares

Background
MAXA CORPORATION
Number: C1671890 Date Filed: 9/4/1990
Status: suspended
Jurisdiction: California
Mailing Address
40 EAST VERDUGO AVE.
BURBANK,, CA 91502
Agent for Service of Process
BRENT LUCKMAN
1933 CAMINTO DEL VAL
GLENDALE,, CA 91206

Hey, it’s BrentI’m not a Scientologist, damnit; do I have to sue you into the dust to prove it?Luckman, formerly of Luckman Interactive.

A former employee made allegations that staff were forced to attend Scientology courses by the company, and Luckman itself was sued by Canadian securities firm Yorkton Securities over claims that Brent Luckman had mismanaged funds, including donating large amounts of money to the Church of Scientology:

...Forced Company employees to attend Church of Scientology seminars paid for and held at the Company during business hours. Attendance at such seminars has not only interfered with the employees working on Company business but also seriously damaged employee morale;


Brent Luckman has threatened to sue various individuals for libel for referring to him as a Scientologist. According to this letter, from his Canadian law firm, Luckman claims not to have been associated with Scientology for several years:

However, the LA Times (April 15, 1997) published a lengthy article detailing allegations from several former employees who suggested that Luckman had, indeed, tried to pressure them to join the church:

Dozens of former company employees have gone several months without being paid. Creditors have filed suit. And one major backer of the firm alleges in a lawsuit that the company and its founder and chairman, Canadian-born Brent Luckman, have squandered nearly $1 million in company assets on first-class airline tickets, home stereo systems and donations to the Church of Scientology. Luckman, 38, insists that despite the company's current financial and legal troubles, Luckman Interactive is poised to ride the Internet boom to a big financial payoff. 'We've got a great future ahead of us,' says the charming, charismatic Luckman. 'High tech is the kind of thing where I've never had a shortage of ideas.'

"Employees say their troubles began with a company wide 'staff training and enhancement day' at the Church of Scientology's Celebrity Center in Hollywood, organized by Luckman himself. The purpose of the meeting, according to an Aug. 10 memo, was to reward employees for several months of rapid expansion and prepare the group for an 'upcoming expansion' by reviewing new management techniques that would be instituted at Luckman. 'I strongly urge you to attend,' the memo concluded.

back to top ^
Compass Advisior Inc.
Location


Investment
230 shares

Background
Compass Advisories was mentioned by Reed in his deposition before the SEC; it is an Oregon-based investment firm in which he owns a small interest. See other research notes for more on Compass.
back to top ^
Price Net USA
Location


Investment
500,000 shares

Background
Price Net, one of Don Rackemann’s enterprises, has been documented at length elsewhere.
back to top ^
Burst.com Inc
Location


Investment
3,423 shares

Background
See other entry.
back to top ^
Telsoft Solutions Inc.
Location


Investment
9469.8036 shares (we have no idea what that number means)

Background
“Dynamo” Don Simons, software millionaire, racecar enthusiast, yacht owner and longtime Scientologist weaves in and out of the Slatkin affair like a silver thread. The owner and current CEO of Telsoft Solutions, Simons is a Patron of the International Association of Scientologists, as is his wife, Karen.

Simons’ name does not appear on the current list of investor, nor is there any direct evidence of his involvement with any of Reed’s many business ventures.

So why, we ask, has his name popped up in relation to the Slatkin Affair?

In this post, ex-Scientologist Michael Pattinson recalls talking to Simons about Slatkin’s investment ‘club’ while a guest on Simons’ yacht:

Other tipsters and ex-Scientologists have confirmed that Simons was a friend of Reed.

He also been mentioned as an associate of other notorious Scientologists, most noteably Robert Cefail, currently in bankruptcy in Florida and the object of the infamous Raul Lopez lawsuit.


TELSOFT SOLUTIONS, INC.
Number: C1585131 Date Filed: 4/27/1987
Status: merged out
Jurisdiction: California
Mailing Address
100 N BRAND BLVD #400
GLENDALE, CA 91203
Agent for Service of Process
NORMAN COHEN
12301 WILSHIRE BLVD #550
LOS ANGELES, CA 90025

TO

TELSOFT SOLUTIONS, INC.
Number: C1650722 Date Filed: 10/13/1989
Status: active
Jurisdiction: California
Mailing Address
100 N. BRAND BLVD., #400
GLENDALE, CA 91203
Agent for Service of Process
DONALD L. SIMONS
100 N. BRAND BLVD., #400
GLENDALE, CA 91203

Norman Cohen is also one of Reed Slatkin’s attorneys, and was an early investor in Earthlink.

Don Simons:
Random Telesoft info, names, etc:
http://telsoft-solutions.com/pressrel.html

Contact Information
KAREN RITZ, V.P. OF SALES & MARKETING
TELSOFT SOLUTIONS, INC.
100 N. BRAND BLVD. SUITE 400
GLENDALE, CA 91203
818/ 545-8680 ext 280 Fax: 818/ 545-9704
E-mail: press@telsoft-solutions.com

Telesoft uses Tim Bowles’ law firm:

Law Offices of Timothy Bowles
One South Fair Oaks Avenue, Suite 301
Pasadena, California 91105
(Los Angeles Co.)
Telephone: 626-583-6600
Fax: 626-583-6605
Email: Contact Us
Web Site: http://www.lawyers.com/tbowles

Statement of Practice:
Health Care Fraud, Employment Law, Business Law, Civil and Constitutional Litigation.
Firm Size: 1
Clients: Applied Scholastics International, Inc; Atkinson-Baker Court Reporters; Bang & Olufsen of Beverly Hills, Inc.; CD Associates, Inc.; Dohring & Company, Inc.; Estey International, Inc. (True Colors); Executive Software International, Inc.; The Football Network; McPhee & Associates, Inc.; Mission Renaissance, Inc.; National Foundation of Women Legislators; Omnitronix, Inc.; Sterling Management Systems, Inc.; Telsoft Solutions, Inc.
back to top ^
Stryker Technologies Corp
Location


Investment
681.6089 shares

Background
Stryker Technologies Corp shares the same address as Telsoft Solutions.
back to top ^
NBC Internet
Location


Investment
6,220 shares

Background
Well, this, at least, is a fairly good investment. Must have been a typo.
back to top ^
Krispy Kreme Doughnuts Inc.
Location


Investment
1 share

Background
mmm. donuts.
back to top ^
Headstrong Group Inc.
Location


Investment
7% convertible sub debt due 7.31.00

Background
Headstrong Group is a helmet manufacturing company who apparently revolutionized the industry with the concept of pricing their product lower than the going rate, according to this article:

Headstrong Group
The Headstrong Group was the first helmet manufacturer to significantly reduce helmet prices. In fact, their price revolution - begun in 1993 - is responsible for our ability today to find plenty of high quality helmets - from all manufacturers - at prices under $30.00. Headstrong manufactures certified and sport specific helmets for bicycling, mountain biking, inline skating, skateboarding, skiing, snowboarding, horseback riding, hockey, and baseball. Headstrong has a nonprofit group that targets hospitals, schools, government agencies, and community groups, and its helmet line is endorsed by the Brain Injury Association. Toddler and bike helmets that meet Snell and ASTM standards sell for $6.85 (solids) - $7.85 (graphics). Their catalogue describes pricing and colors for a variety of other types of helmets. The multisport helmet meeting the Snell N-94 costs $9.85. Prices include shipping, and the minimum order is 24 helmets. Larger quantity pricing is available. Delivery within 2 weeks. Call 732-254-3433 and ask for Mary Ellen Kelly.

Headstrong was formerly known as Renaissance Marketing, according to this story:

EAST BRUNSWICK, NY -- As helmet prices in the mass market tumbled over the last two years, suppliers pointed to one company driving the trend-- Headstrong Group, formerly known as Renaissance Marketing.

While other suppliers hustled to meet Headstrong's low prices, the company kept staying one step ahead of the price curve.


Eventually, Headstrong wound up in bankruptcy:

Headstrong Helmets
Headstrong cracked open the bottom of the helmet market in 1993 when they entered, then known as Renaissance Marketing, and began marketing helmets from their own and other manufacturers' plants. They sold through department stores, discount stores, grocery stores and any other mass merchandising channel they could find. They had an almost immediate effect on the pricing structure of the helmet industry, and are part of the reason you can find $10 helmets in most areas of the U.S. today. When we last heard in 1999 they were in bankruptcy proceedings.


Coincidentally, Headstrong was also indirectly involved in this tale of insider trading and online securities fraud:

The complaint states that John Freeman, a temporary graphics worker, lost money in an investment in Headstrong Group, a helmet manufacturer, in 1997.

While visiting an AOL chat room at that time, he began to commiserate with other investors who lost money in Headstrong. Freeman then allegedly offered to pass information to his two online friends -- James Cooper of Kentucky and Benton Erskine of West Virginia -- in return for a cut of whatever profits they made.

back to top ^
The Hong King and China Gas Company Ltd.
Location


Investment
620 shares

Background
This is pretty much what it sounds like:

http://www.towngas.com

It’s a gas company that seems to service most of Hong Kong, and also features a recipe club on its website.
back to top ^
Financial choices.com
Location


Investment
$250,000

Background
FINANCIALCHOICES.COM, INC.
Number: C2235017 Date Filed: 5/18/2000
Status: active
Jurisdiction: California
Mailing Address
1550 W COLORADO BLVD
PASADENA, CA 91105
Agent for Service of Process
ROSSER COLE
200 N MARYLAND AVE STE 302
GLENDALE, CA 91206

Rosser Cole! We know you. You’re a Scientologist attorney and a Slatkin investor. Now let’s see what that address resolves to:

Three names, two of which are Scientologists:

Mark Loweree
1550 W Colorado Blvd
Pasadena, CA 91105
Phone: 323-255-8800
Neil Willner
1550 W Colorado Blvd
Pasadena, CA 91105
Phone: 323-255-8800
Paul Finchamp
1550 W Colorado Blvd
Pasadena, CA 91105
Phone: 323-255-8800

Notice the same phone number for all three; presumably this is an office of some sort. Or a commune.

Anyway, Neil Willner and Mark Loweree are both Scientologists, and Neil is a Slatkin investor.

From Neil’s entry on the 2001 Investor List:

Wilner, Neil & Eve
2,432,057.29
Neil Willner is on 1993 WISE Directory
He was a trustee of Foundation for Religious Freedom and a Patron with Honours
Foundation for Religious Freedom
He is also listed in WISE 2009:
Consolidated Financial & Ins.
Neil Willner
1550 W. Colorado Blvd.
Pasadena, CA 91105-1415
United States

Paul Finchamp does not appear to be a Scientologist, but is associated with The Guardian, a Glendale-area insurance company, according to this alumni profile:

Paul Finchamp:

A.B. Occidental '80
A two position All-American as a receiver and punter, Paul's accomplishments since leaving Occidental parallel his gridiron success. An insurance executive with The Guardian in Glendale, Finchamp's approach to life is simple, decide what's important to you and give it 100% effort. A proponent of service above self, Paul is the youngest president-elect and chairman of the board in the 107-year history of the Pasadena YMCA. He serves on the St. Luke Hospital Advisory Board, is president of the Life Underwriters Association of the San Gabriel Valley and is involved with the Planned Giving Department at Occidental.

"My Occidental experience is one that I will always cherish," says Finchamp. "I remember the relationships I developed with the teaching faculty. People like Jim Halstead, Ben Culley and Mike MacAleenan were exceptionally approachable, low key people who took a sincere interest in your academic performance." An economics major, Paul credits athletics with keeping him interested in Oxy. "I've learned to use athletics as a metaphor for setting goals and satisfying my need to compete. The liberal arts education I received at Oxy has helped me to become a well rounded, socially skilled person."


Mark Loweree is listed as a WISE member in 1993 and 1997; Carol and Jimmy Loweree are also Scientologists. Mark also has an OS page, and credits Scientology for keeping his marriage “clean”.

He also describes himself as a “businessman”.

On to financialchoices.com the business!

Well, not surprisingly, it has a website at http://www.financialchoices.com.

It’s kind of difficult to tell exactly what they do, however; it appears to be domain hosting and web design, but it’s hard to tell with the giant (and vaguely disturbing) Under Construction graphic in the middle of the page.

Last October, however, financialchoices.com signed a deal with Network Commerce, a company that has turned up during other Scientology-related investigations:

Our goal is to provide the site's users with practical, pertinent financial information, explained in layman's terms, that can be applied to their everyday lives," said Doug Walker, president and chief operations officer of FinancialChoices.com Inc. "An important part of this site involves engaging the user, which leads to more traffic and return visits. Network Commerce's customer acquisition engine technology does this while adding a fun, creative element to financial information, which is often considered a dry subject."

Doug Walker is, of course, a Scientologist and Slatkin investor.

If you sign up with financialchoices.com, you’ll get cash.

Other than that, I can’t find out much about financialchoices.com.
back to top ^
Launch Media
Location


Investment
$325,000

Background
LAUNCH MEDIA, INC.
Number: C2164031 Date Filed: 5/11/1999
Status: active
Jurisdiction: DELAWARE
Mailing Address
2700 PENNSYLVANIA AVE
SANTA MONICA, CA 90404
Agent for Service of Process
JEFFREY M MICKEAL
2700 PENNSYLVANIA AVE
SANTA MONICA, CA 90404

Well, this site at http://www.launch.com appears to be a web-based music marketing venue of some sort.

It also seems to have recently been bought by Yahoo!:

All in all, Launch sounds pretty legitimate.
back to top ^
B.I.G.
Location


Investment
$1,000,000

Background
Uh, yeah. I’ll get right on that.
back to top ^
E Memories Inc.
Location


Investment
$100,000

Background
Could be this California corporation:

EMEMORIES, INC.
Number: C2182380 Date Filed: 11/16/1999
Status: active
Jurisdiction: DELAWARE
Mailing Address
461 2ND STREET STE 332
SAN FRANCISCO, CA 94107
Agent for Service of Process
NATIONAL REGIST ERED AGENTS, IN C.
2030 MAIN STREET STE 1030
IRVINE, CA 92614

According to this case study, it’s likely that this is the company in which Reed invested, as it was apparently incubated by eCompanies:

ememories.com is the first service from ememories, Inc. It solves the problems that have, up until now, kept the average person's photographic experience out of step with the Internet and digital photography revolutions. Understanding that photos and photo albums are important windows into treasured memories, ememories.com provides users with an easier way to share memories and send prints directly to family and friends. According to PC Data, ememories.com is one of the fastest-growing online photo-sharing Web sites. Founded in 1998 and based in Los Angeles, ememories.com is an eCompanies-incubated company.

ememories began with a single server attached to a DSL line in the San Francisco apartment of one of the company's founders. After a year of operations, it became an incubatee of eCompanies, and proceeded to grow from three to 50 employees and to serve over 1000% growth in registered users.

Unfortunately, there’s nothing at www.ememories.com, which makes it seem likely that the company was yet another victim of the the dotcom decimation of the new millennium.


The site was eventually bought by Seattle-based PhotoWorks:

PhotoWorks to purchase ememories.com
PhotoWorks Inc., Seattle, Wash., will acquire the ememories.com website from ememories Inc. During the transition period, ememories will continue to operate the website and will contact its users to notify them of the changes in services and products. PhotoWorks will transition ememories' photo archives into the PhotoWorks online photo archives.


Earthlink invested in ememories too:

Our investing activities used cash of approximately $289.5 million during the nine months ended September 30, 2000. Capital equipment purchases were $97.1 million during the nine months ended September 30, 2000. In March 2000, the Company invested $6.0 million in eCompanies Venture Group, LP and invested $1.1 million in eMemories Inc. In September 2000, the Company acquired OneMain for approximately $302.8 million including transaction costs. The aggregate purchase price included cash of $155.4 million, an estimated $200,000 in cash payments in lieu of fractional shares and $10.3 million in cash payments related to transaction costs. The Company purchased the subscriber bases of other small ISPs for an aggregate amount of approximately $21.6 million.
back to top ^
Enhancive c/o Richard Rosman
Location


Investment
$1,500,000

Background
Just no luck at all on this one.
back to top ^
Receive TV/Vital Stream
Location


Investment
$375,000

Background
Vital Stream is, not surprisingly, a streaming TV venture, with familiar executive names like Alexander Eckelberry (Bulldog Capital and a Slatkin investor) and Peter Grubstein (Alliance Manufacturing Software) on the masthead.

Most of the executives seem to be from Anaserve Inc., likely a predecessor company.

Hey! This is neat. From Vital Stream’s press release archive, some details about from whence they received their startup cash:

IRVINE, Calif., April 6, 2000 VitalStream, Inc. which provides media streaming services including syndicated content distribution, said it received over $2 million in its seed round of funding. Investors in the seed round include Bulldog Capital Management, NetCatalyst LLC, Financial Growth Company LLC represented by Tony C. Lonstein. Individual investors also participated in the round including Scott Davis, Peter Grubstein, Pete Summers and Chris C. Corpuz of IP.Muse LLC. The company said it would use the funding for startup costs, working capital and general operating expenses. VitalStream expects to launch its product and service mix later this year.


Bulldog Capital, of course, is the firm to which Reed planned on directing his investors once he ‘liquidated’ (nudge nudge, wink wink); it is run by Scientologists. Tony Lonstein is a well-to-do Scientologist and Slatkin investor. Scott Davis is a Slatkin investor (although not a Scientologist); Peter Grubstein is associated with Alliance Manufacturing Software; and Pete Summers is a Slatkin investor.
back to top ^
Millionaire Corp c/o Thomas Kimble Trust A/C
Location


Investment
133,334 shares
$333,334

Background
The only Millionaire Corporation I can find appears to be this website dedicated to products and publications for the very wealthy.

The company is run by Douglas Lambert, who does not appear to be a Scientologist, however there are a few Scientologist Lamberts, but I have no idea if they are actually related.

Name: MILLIONAIRE CORPORATION
Type: Corporation File Number: C33223-2000 State: NEVADA Incorporated On:
December 13, 2000
Status: Initial list of officers filed
Corp Type: Regular
Resident Agent: CORPORATION SERVICES OF NEVADA,INC. (Accepted)
Address: 3311 SOUTH RAINBOW BLVD.
SUITE 133
LAS VEGAS NV 89146
President: DOUGLAS LAMBERT
Address: 3311 SO RAINBOW BLVD STE 133
LAS VEGAS NV 89146
Secretary: DOUGLAS LAMBERT
Address: 3311 SO RAINBOW BLVD STE 133
LAS VEGAS NV 89146
Treasurer: JENNY LAMBERT
Address: 3311 SO RAINBOW BLVD STE 133
LAS VEGAS NV 89146

There is a mention of a Thomas Kimble as sole officer and shareholder in Codestream Holdings, Inc., a Texas corporation, in this SEC filing.

I have no idea if this is our Tom Kimble.
back to top ^
Infoview Inc.
Location


Investment
20,000 warrants in 20 certificates of 1,000 each

Background
It isn’t entirely clear what this company is, but my guess is that it isn’t the following, since it appears to be too recently incorporated (but is included for the sake of completeness):

INFOVIEW, INC.
Number: C2195473 Date Filed: 8/1/2000
Status: active
Jurisdiction: California
Mailing Address
7431 POMELO DR
WEST HILLS, CA 91304
Agent for Service of Process
ALEX GOROKHOV
7431 POMELO DR
WEST HILLS, CA 91304
back to top ^
Agven Medical Corporation
Location


Investment
60 shares

Background
The only listing for Agven that can be found is this reference to the company’s syringes, which appeared in a government document dealing with needle safety.
back to top ^
National Micronetics
Location


Investment
5,000 shares

Background
National Micronetics appears to have been a computer supply and parts company that eventually went out of business in 2000 after years of financial instability, according to its SEC filings:

NMIC apparently fell off the OTC bulletin board in February 2000.
back to top ^
Incomnet
Location


Investment
66,6677 shares

Background
Another Rackemann venture
back to top ^
Earthlink Network
Location


Investment
1,000 shares

Background
Gee, I wonder what this company does?
back to top ^
Promus Hotel Corporation / Holiday Inns of America
Location


Investment
75 shares / 50 shares

Background
Promus is one of the world’s largest hotel companies, as is Holiday Inn, another one of Reed’s few tiny but profitable holdings.
back to top ^
Occidental Petroleum Corporation
Location


Investment
25 shares

Background
Occidental, at www.oxy.com, is a major US fuel company.
back to top ^
Sparton Corporation
Location


Investment
3-1 share certificates

Background
Sparton Corporation :

Sparton Corporation (NYSE:SPA), a 100-year-old company, provides high product mix and low to medium volume electronic manufacturing services. Sparton utilizes fourteen manufacturing service centers located in Florida, Michigan, New Mexico, Canada, New Hampshire, Scotland, Minnesota, Texas and North Carolina. In addition to strong core manufacturing capabilities, Sparton provides a complete range of pre-manufacturing and post-manufacturing services. Sparton's focus is on rapid response, high mix, high value-added manufacturing services. A full-service provider, Sparton's capabilities range from product design and development through after-market support, specializing in total business solutions for the medical, telecommunication, industrial and avionics markets.
back to top ^