Complaint Review: A-1 Leasing - E-commerce Exchange - Internet

Cautionary Warning before you go into an internet business that includes a "non-cancellable lease" on any associated software or equipment. Cautionary warning not to sign any agreement before you examine the physical document to see that it is legible in its entirety. Cautionary warning not to follow telephone instructions to immediately fax a signed top Page of any agreement that says "non-cancellable".

The Lease was initially represented to me as saleable.

Nobody in the company represented otherwise to correct this impression.That is a false representation in two aspects. (go to "http/www.ecnow.com/forms/lease.pdb")

read capital letters under bold face '. . Non-cancellable. . ", i.e.ASSIGNMENT. . . here, 'you' is the lessor

A. It is not saleable but only reassignable according to restrictions. note also lessor may reassign without notice even if it affects lessee:

B. It cannot be marketed because it similar apparati are available free.

Narrative:

In the initial interview Clarke Wilson called me up and sold me a dealership and told me it was accompanied by a three year noncancellable lease of the credit card software but said that any time I would have the option to sell the lease and told me he had resold one to his cousin.

But that one conversation was the last I heard from Mr. Wilson. Ray Folland took over negotiating my dealership. Ray Folland proffered me the lease documents and hurried me to sign them. A thorough reading would have taken two days. But I thought it was like the lease of an apartment while Ray Folland said something like "Dont bother about what's in all the pages."

Subsequently as my dealership had only one customer in five months and that customer wanted an illegal purchase I opted out of the dealership for $200 in the sixth month. Then I contacted both A-1 Leasing and Ray Folland on how to put the lease up for sale but no concrete advice was forthcoming except, "You might put it on Ebay". The fact that sites such as "twizzle.com" offer free internet credit card software renders the entity in question zero on the market.

Commentary:

Sweet talk or not I need to tell the truth.

A-1 Leasing and/or e-commerce exchange found me as a mark to get some bucks out of me. I was in heavy credit card debt but with a clean record while a possible candidate for personal bankruptcy. Here comes this home based business for an old man on pensions who can't travel very far for gainful employment and probably would be barred because of a pentuple bypass history! What a deal! In one month I would have paid for my initial setup. Just go out on the bus and put up a some posters. Set up a website and get advice on keywords and Zing! they come to me (in spite of the fact that ony 5% buy this kind of product on line)

All the people making that fabulous money! No, I did not take time to figure, as I eventually observed about other businesses that it takes about 100 postings to get one customer, and the expense of advertising is what the Small Business Administration advises for startup capital, like $100,000 in the first year. For $100,000 I would have 20,000 postings or 200 initial customers or an initial return of about $40,000, considering that the average purchase was $200.

But the hositility to the internet is so great in this region as posters and cards in five different places were torn down in two weeks. The internet walks like a racket and quacks like a racket.

The companies made $200 on closing the dealership and what I so far paid on the Lease and possible commission on the web trainer's $5000. How many dealerships turn over in this manner and is that how you really make your money?

Frank

Bradford, Vermont
U.S.A.