It all started in 1998 with this:
December 12, 1998 Announces Merger With PCROOMLINK.
Andrew Mazzone Mr. Merger and Acquisition expert started his scam back in 1998 having nothing but a shell called Thermal Tec International, OTC BB: THRM, started making announcements on having a merger with a company called PCROOMLINK. For over a year Mazzone made announcement after announcement how well this merger was and how it was going to be the next big internet play. Mazzone watched his stock go from $.25 to over $18.50. I personally spoke to this guy around December 1998 and all he kept saying was; "I have never sold a share" and "I love my shareholders." This is because all his major shareholders were his family members and close friends, who would sell shares and give him money. He told me there was only 800k in the public float and that is why the stock moves so quickly. As I looked into Edgars online and saw all the filings and who actually owned these so called 800k shares, I called him back and he knew all of them and said "These are my friends and they won't hurt the stock." YA that is why the stock fell from $18.50 to under .50 in a matter of weeks, I will get into that later!!!
Mazzone allowed PCROOMLINK president, James Rossi to make and publish story after story in major papers like; The Wall Street Journal. Mazzone also allowed him to act like this was a done deal and allowed him to raise over $13,000,000 using Thermal Tec stock as a guide for people like me to get in, Look at this;
http://www.zibb.com/all/search/web?t=&e=c&c=Thermaltec+International+Corp&p=&l=
Just GOOGLE PCROOMLINK and SOLAR COMMUNICATIONS (This was the company that actually owned PCROOMLINK). View all the press, even ten years later that are still there, ya Mazzone loves his shareholder, because they bought all his family and friends shares!
As Mazzone kept making announcements like it was a done deal and getting more shareholders in his stock, on December 13, 1999, one year to date of the first announcement or merging with this huge internet company, it all came to an end.
Thermaltec International Announces Cancellation of its Intended Spin Off of Panama Industries, Ltd.
http://www.allbusiness.com/company-activities-management/company-structures-ownership/6776632-1.html
The article above can still be read more than ten years later and I watched my investment of over $250,000 now worth only $3,000!!!!!!!!!
I called Mazzone and he told me Dont worry I will pull something off
This guy not only scammed me out of $243,000 but millions from shareholders who listened to him and trusted his press releases and allowed James Rossi to raise $13.5m to run his company by using Thermal Tec as collateral. I spoke to James Rossi and he said It is like taking candy from a baby, raising money at $1.00 while the stock is trading at $16.00. I then called Mazzone and asked him about this $1.00 a share crap and he said "yes" James Rossi is raising money even before the merger closes. This was scam NUMBER 1.
SCAM # 2
After the merger went bad with PCROOMLINK Mazzone announced this only a month later on January 31, 2000:
Thermaltec International, Corp. Announces merger with Edge Management
Go to http://findarticles.com/p/articles/mi_m0EIN/is_2000_Jan_31/ai_59088124
More lies from Mazzone now he watched his stock go from $.375 to over $7.00 in a matter of weeks again. Mazzone would merge with anyone to save his hyde because of the merger that fell thru after causing millions to be stolen from the shareholders. But again look at Edgar Online and see days before that announcement how all his insiders got cheap shares again, WHY NOT they all sold over $16.00 during the first scam!!!!!!!!!!!!!!!!!
HERE WE GO AGAIN, Mazzone cancels merger with Edge Management!!!!!!!!!! So now we have two for two canceled mergers, I watched the stock go from $.25 to $18.50 then from $18.50 to .375 during first scam (All of Mazzone friends and family were in on the bottom at .25) then I watched it from $.375 to over $7.00 then from $7.00 to under $.375 again. All these fake press releases, all these fake merger announcements, they all fell thru, and does the SEC even care????
NOW SCAM #3
Now Mazzone waited until June 2000 to start it all over again!!!!!
Mazzone started making announcements of all these acquistions;
*** Thermaltec International, Corp. Announces the Acquisition of High Velocity Technologies, Inc. of New Hampshire (http://findarticles.com/p/articles/mi_m0EIN/is_2000_June_12/ai_62696186) After talking to Mazzone I found out this was his cousin!!!!!!!! A family scam!!!!!!!!
***Thermaltec Announces Acquisition of Cactus Salons (http://findarticles.com/p/articles/mi_m0EIN/is_2001_April_2/ai_72615307)
*** Thermaltec Announces Acquisition of Cobex Technologies, Inc (http://findarticles.com/p/articles/mi_m0EIN/is_2001_March_29/ai_72451855)
I will stop here for now because the next scam is the best of all. See all of the above mergers he made announcements for and by the way there are allot more, THEY ALL WERE CANCELLED!!!!!!!!!
Now lets regroup Mazzone now has made 5 merger announcements from December 12, 1998 to March 2001 and they all failed.
SCAM #4 THE BEST SCAM OF ALL!!!!!!!!!
*** Thermaltec Announces Acquisition of 19 Health Care Companies (http://findarticles.com/p/articles/mi_m0EIN/is_2001_March_28/ai_72387833)
How the SEC has not stepped in yet is beyond me. This is the biggest scam yet.
Over the course of three months Mazzone made announcements that he finally closed a merger, one health care company was in. Then he started making more and more closing three at a time. Even I was thinking may be I will get my money back from this company. Here are some of the announcements showing MAZZONE telling the world he is closing all these companies and announcing earnings over $3.00 per share.
*** TTI Holdings, Inc. THRM Announces the Completion of Two Additional Healthcare Facilities, Projects a $1 EPS (http://findarticles.com/p/articles/mi_m0EIN/is_2001_May_15/ai_74508432)
Mazzone went on and on with closing and closing until the idiot Mazzone found out that THEY DID NOT EXIST.
***TTI Holdings of America Corp. Terminates Negotiations (http://findarticles.com/p/articles/mi_m0EIN/is_2001_August_29/ai_77667186)
OK that was the final straw!!!!!!!!!!!!!! Mazzone a merger and acquisition expert did what? made all false misleading announcements not only to us the shareholders but to the SEC and all false filings with the SEC!!!!!! These health care companies Mazzone was putting into our company DID NOT EVEN EXIST, how in the hell does a CEO do this. He has a right to us to do Due Diligence. I could understand if a number was off or one word was wrong, but when you announce you have closed on health care companies and announce EPS of $3.00 and your stock flys again and again to only fall like a rock, that is criminal and I am tired of this man doing this to us. SEC THEY DID NOT EXIST, WHERE ARE YOU TO HELP US!!!!
So what does Mazzone do, HIDE, now he realizes he fu**** up big this time and announces a man by the name of James Zimbler to be the front man so Mazzone can hide and hope it all goes away.
Jim Zimbler is a man who is a reverse merger expert. He walks into a company reverse splits all the long shareholders and then tries to do what Mazzone idi not do, complete a merger. Well in a nut shell the end of this story for now is Zimbler became President, again reversed split us the longs not once but twice and tried over and over to complete mergers. The only one again to make money was Mazzone, Zimbler and all there close family and friends.
To view allot more announcements on this and view all the fraud go to WWW.bnet.com and search using; TTI Holdings, Thermaltec International, TTI Holdings Health care or goto Google and do the same search.
Then Zimbler cover himself and makes this announcement.
http://bankrupt.com/TCR_Public/010206.MBX
THERMALTEC INTERNATIONAL: Future Looks Bleak As Losses Continue
-----------------------
Thermaltec International Corporation's financial statements show the company incurred a net loss of $ 1,230,225 for the year ended September 30, 2000 and has incurred substantial net losses for each of the past two years. At September 30, 2000 current liabilities exceeded current assets by $247,137. According to
the company's auditors these factors raise substantial doubt about the company's ability to continue as a going concern.
*******NOW TEN YEARS LATER*******
Mazzone is trying it again I can not believe this guy. After falling on his face, Lieing, defrauding his shareholders, making false announcements and buying companies that did not exist he is doing it again with his friend; Zimbler. People LOOK for your self on Edgar online. This guy has the most, free tradable shares again!!!!!!!!!!!!!
http://www.secinfo.com/d12TC3.tdJj.htm
This shows again how Zimbler will make money again off this scam.
Xiom Corp, Mazzones newest scam again starting out at $.80 and hit a high $3.00 on announcements of mergers and acquisitions. They even hired a PR Group to pump there stock again, LOOK.
VNTN Announces Marketing Program for Xiom Corporation.
(http://www.thefreelibrary.com/VNTN+Announces+Marketing+Program+for+Xiom+Corporation.-a0136177220)
Ending;
Please read this report and understand Mazzone is a thin float expert. He gives his good family and friends cheap shares and they control the entire float and then when the stock goes up they are the first ones out. Please I got hurt big and it ruined my life. Mazzone never called me back or tried to help me recover my losses, instead he ran and the SEC and FBI will be getting a copy of this report and I hope they will find out everything. What I stated here is true. Do not be fooled by this man or his friends. They all are stock market frauds, Look at his past before you invest in his future. He made one false press release after another and all the proof is in this report. Mazzone ruined my business and used my company to promote his stock; I was unknowing of this till I saw that the health care was a fraud. Mazzone canceled all mergers including the one with my company.I was a guy who had a successful hair salon until I met this guy. Mazzone is nothing but a liar and a fraud and SEC please read and go after this guy.
Joey
Massapequa, New York
U.S.A.