Complaint Review: Millennium Capital Quest Corporation AKA Digital IPO Dagdollars And Horizon

I would like to add an addendum to my last post and address Mr. Nolan's statement about them bringing many investors to us but that we could not pass due diligence. We were only presented three opportunities by Millennium to attempt Due Diligence. Two were with CBS Comprehensive Business Solutions, and with investor Stuart Taylor. We completed both and have written documentation from both stating that we were approved and naming dates those funds would be released by. The third was for a $50,000.00 loan by one of their partners, George Norman. The first two investors then committed fraud against us, and the third lender requested Loan Shark like terms. All three were as mentioned in the original post.

At NO other time, did Millennium Capital Quest Corp. nor their partners offer us ANY opportunities to attempt Due Diligence. I do admit as in the original post, that Millennium informed us on countless occasions that they had investors ready to sign. But when we would question who they were, ask to meet with them or at least have a conference call with them, or ask why they would be willing to sign when they have not even met us nor looked at our financials other than our business plan, they would ALWAYS simply disappear. When we would bring up these investors at a later time, Millennium would state they did not know who we were speaking about or you brought those people to us despite having many, many e-mails from Mr. Nolan referencing them!
Thanks,
D. Garrard

Like all dealing with this company, they seem to be very confused of what is the truth and what are lies. We stand whole hardily by the original posting that was filed and we can provide ANYONE with documented proof of the actions originally reported! Furthermore, we can provide the contact information for several additional Millennium Capital Quest clients who have suffered and lost thousands of dollars by contracting Millennium to raise capital for them, just as our company had done!

I very much admit that we did not fully pay for our contract with Millennium because it was a performance based arrangement and since they failed to complete ONE SINGLE performance goal, they received NOTHING after their initial contract fee. We did in fact only contract Millennium but we were listed as clients on the Subsidiaries websites. Mr. Nolan did state the truth when he said he had spoken on our behalf to creditors. Our creditor's CONTACTED HIM on our request. These were creditors because he had assured us that the Letter of Commitment from Stuart Taylor was legit and that we should use it to obtain bridge loans until the funds would be released. Furthermore, when he spoke to our creditors, he gave them Investment Funds Release Dates which he had no reason what so ever to believe would ever come to pass. It appears he simply pulled these dates out of thin air. Therefore, when these date came and went without us receiving any funds, it only made things worse for us.

As for Mr. Nolan stating Yes We Do Have Offices, I am not sure why he wrote this because I never mentioned anything in the report regarding their offices. But, since that time it has been brought to my attention that the CT office is operated out of Mr. Nolan's residence and the FL office is operated out of Mr. Margeott's wife's on-site residential real estate office. I have been unable to find evidence to either support or deny this information. However, utilizing both Google Earth and Mapquest Aerial internet sites, it appears that both addresses are in residential areas.

Regarding the remainder of the information he has stated about us in his rebuttal, appears that once again he simply created things to cover his actions. We have filed complaints along with reportedly several other clients, against Millennium Capital Quest Corp. with the Connecticut and Florida Attorney Generals. These are the states in which Millennium has offices. We have furthermore files a complaint with our home state of North Carolina's Attorney General. The Chairman can say all the lies he likes about me and our company because we have documentation of their lack of action and the lies he has told us! For the documented proof of what was originally reported, we may be contacted at (((ROR REDACTED))).

We wish no ill will towards Millennium Capital Quest Corp., its Officers, or subsidiaries. We only hope that no one else will have to suffer and have their dreams torn to shreds. Our company was a humanitarian company that provided much needed air ambulance services through a region. If these people would take such advantage of our company, I can only imagine what they could do to others!

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

I am responding to the inaccurate data that Mr. David Garrard posted on your site. Dave was a client (of Millennium Capital Quest Corp.). First we advised him not to start his operations without adequate funding. He did not take our advice and as a result incurred substantial debt and accounts payable, rent payable, leases payable, vendor bills, wages and the like. The operations were not successful because he had operating expenses that were too high (ask him about the $350.00 sandwichs). We continued with his project and introduced a number of lenders and investors. He could not satisfy their due diligence requiresments and as a result did not close the funding. We satisfied all aspects of our agreement to structure a program and supplied continuing services even after the contract term. We invited him to meetings to meet investors and he did not show up. He evolved into a more problem account as he began to write bad checks, have legal problems with the District Attorney, default on his leases, credit cards and the like. We still stuck with him and tried to help. We spent countless hours speaking with his directors who wanted him out. We spoke with his creditors to hold off actions against him. We spoke to the authorities to prevent his arrest. We spoke with the State Government to prevent action for wages and taxes due.

Dave is a troubled man and his statements on this site are just totally inaccurate. Regarding those statements, I would invite anyone interested to call me personally at 203-879-4675, visit any of our offices to insure that yes, we do have offices, request any due diligence on our firm which has operated for 60+ years, visit us, call our other satisfied clients, Google us and read all the positives about our firm, check any legal or other site and see that we have a sterling reputation for services and conduct, speak with any member of our management team or employees to verify these statements.

We have spoken to Dave to request that he remove these negatives and conduct himself in a business like fashion. We did not cause his problems, he did and all we tried to do was save his ship from sinking. He was the CEO of the failed venture, and he did an absolutely poor job of managing the operations. His failure is his fault and no negative statements on sites like this can change the truth. He never did business with all the entities he mentioned, which are divisions and affiliates of our firm. He never paid the full contract to us. He never satisfied his creditors, he mislead and misrepresented his business status and operations from the beginning. We don't wish him ill will and would apprecaite his taking the time to correct his inaccurate posting on this site.

Gregg R. Nolan, Chairman/CFO
for Millennium Capital Quest Corp.