Romar CEO Takes Back Control of Highly Creative Design and Production Business
President and Chief Executive Officer of The Romar Group, Inc., a 100 million dollar Los Angeles based company, said today, "It is necessary to take back day to day control of Romar in an effort to build a more productive and efficient business."
Don Polk, majority shareholder, who worked very hard for over 26 years to parley his experience to build a company whereby shareholders, investors and associates could be proud to be associated, was stunned and appalled to learn about the awful dishonesty, contempt and mischaracterization of Romar's current management team, executive committee and Don Polk.
Polk, who sits on Boards of three of the most powerful civil rights and political organizations in the world, has been an advocate and champion for fair treatment of employees and communities both domestically and abroad.
Mr. Polk said, "It is my philosophy and Romar's policy that we must inspire and instill hope and positive empowerment not inferiority and despair."Romar's shareholders and investors have asked for an investigation of accusations made by a recent unknown group of presumably ex-employees, that Romar management mismanaged funds, mistreated employees, inflated numbers and intentionally issued bad checks.
Preliminarily, the presumed ex-employee claims are grossly misstated, exaggerated and unfounded.
Romar's combined sales and interest for Romar US and Romar International are almost 100 million dollars.
Romar operated business on very low margins, with hopes to increase its overall revenue and profits through its design studio, advertising/ marketing agency and off-shore production business.
Romar's investigation also revealed that many of its ex-employees were involved in outside businesses that conflict with Romar's business units and interests, although each employee signed confidentiality and non-competing agreements.
Some ex-employees were operating their businesses while they worked at a Romar office; and collected higher than market salaries of 75,000 to 415,000 annually, health benefits and expense accounts.
It was also discovered that some of Romar's managers possibly compelled staff to perform duties for their outside businesses, paid unauthorized vacation pay, theft of equipment, used Romar resources to manufacture products for their own benefit and created fictitious businesses and generated invoices while Romar paid for them."I trusted many of our employees to run operations day to day.
To add insult to injury, some of these "nameless and faceless" people are part of a payback Romar scheme to distribute or circulate erroneous information." said Polk.These practices and other problems created a temporary set back for Romar.
Romar's accounting department was a separate unit of long time accountants located in Woodland Hills, California.Romar accountants role have been to keep the books, issue payroll checks, pay vendors and suppliers and pay all applicable tax.
Apparently, Romar's accountants failed to pay a small portion of its payroll tax roughly 180,000 out of one million dollars.
Consequently, through further accountant negligence of failed payments and penalties, a lien was place on Romar's account at Manufacturer's Bank unknown to Romar's managers; and New Jersey accountants who handle the main financial business of Romar's shareholders/ investors.
After Romar's accountant's agreed to pay its tax, a "surprise" lien was placed on Romar's account at Manufacturers Bank which left Romar, who was already experiencing cash flow problems, with four depleted accounts.
Payroll and expense checks were returned to employees from their banks. Bank checks were issued.
Romar's New Jersey certified public accountants have made arrangements with the IRS to pay back tax."If any current or ex-employee of Romar or companies where checks were cashed are owed monies and we can verify the information, we would be more than happy to make necessary arrangements to we pay what owe", said Gerry Pavo, accounting department.Romar financed and finances its businesses mainly through private funding from its multi-millionaire shareholders.
Romar shareholders/ investors will continue to support its businesses and are expected to increase Romar's budget by five million in 2005. "Romar is a unique organization and private.
Maybe we are too private and should communicate better with employees and the public." says Polk.Please contact us at e-mail protected from spam bots if you have questions or visit, www.romargroup.com.
You may also contact Romar's general counsel and/or labor attorney by appointment.Contact:
Linda Haithcox213-621-4403.
Florida Background Checks Bill Hits Boiling Point ? Online Personals Watch Interviews the Bill's Sponsor
R-Kevin Ambler is house sponsor of the Florida background checks legislation.
This legislation requires online dating companies to clearly indicate on their sites whether or not they provide background checks on their users.
See http://tinyurl.com/abau3 for the amended legislation.The bill is due to pass into the next committee phase Tuesday 26th April.
It will then head to the house and senate for final vote.Why the need for legislation? ? "I have a 15 year old daughter and a 17 year old son who live on the internet.
It's their tool for communicating.
Background checks sounded like a good idea for protecting their interests in the future.
Many online daters have a false sense of security.
Clear disclosure is required in this case, along with the meaning of 'background checks' and limitations.
I want my daughter to know, and have the ability to identify felons...
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Internet Nostalgia - Remember "This Dumb Little Ad?"
Internet Nostalgia - Remember "This Dumb Little Ad?"by Copyright 2003http://www.homebizjunction.comWatch out - if you do, you're showing your "Internet Age!"I am, of course, referring to the now infamous "Cookie Cutter"marketing program which was all over the internet when I firstbegan exploring the online business world (circa mid-1999).If you have no idea what I'm referring to, then you can consider yourself a relative newbie to the internet. I bringup Cookie Cutter as an example of how things can change sodramatically online in such a relatively short period of time.No kidding - if you were at all involved in the businessopportunity area of the internet at that time, you willdefinitely remember those "cc-pages" - they were EVERYWHERE!What I remember most vividly about Cookie Cutter was the ubiquitous ad headline that invariably heralded an invitation to investigate this program."THIS DUMB LITTLE AD Can Put $200 in cash in your mailbox...EVERYDAY!" It was followed by an ad that almost...
Internet Nostalgia - Remember "This Dumb Little Ad?"
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ClickBank Affiliates Discovering Bigger Checks With 1stPromotion
ClickBank affiliates in over 110 countries are discovering that members of 1stPromotion have a definite advantage over other ClickBank affiliates. Through a single web site, 1stPromotion members can earn commissions of up to 75% on over 10,000 products and services offered through the ClickBank Marketplace. 1stPromotion offers the finest searchable ClickBank storefronts (online mall) available on the market today, and is an ideal solution for those that are looking to learn how to profit online. Members of 1stPromotion find that not only does 1stPromotion offer the most powerful and accurate ClickBank search utilities available, the storefronts are also customizable by each member and require no web-mastering experience whatsoever to manage and maintain.Jennifer J., Vice President of ClickBank's Client and Customer Services, stated that 1stPromotion offers "...serious tools for serious ClickBank affiliates."1stPromotion also offers a wide variety of search boxes (plug-ins) that webmasters...
ClickBank Affiliates Discovering Bigger Checks With 1stPromotion
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Paid Subscription May Limit Growth of Online Dating Services
Fort Wayne, IN (ContentDesk) July 7, 2006 -- Ranked amongst the leading matchmaking sites online, Loversplanet.com (http://www.loversplanet.com) specializes in pairing men from the US, Canada, Australia, and Western Europe, with marriage-minded women from Russia and Eastern Europe, and recently conducted a survey of new visitors needs and expectations to improve their service.What the survey revealed: most visitors wanted to experience a trial membership before agreeing to become a paid subscriber of an online dating service. In particular, they wanted to email members and review deliverable results as part of their Free Trial Membership.In response, Loversplanet.com has launched a special offer for visitors from US, Canada, Australia and countries of Western Europe. With trial membership, users can exchange messages during the initial seven-day period and validate the quality service of the site. If satisfied, the trial subscription...
Paid Subscription May Limit Growth of Online Dating Services
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