Gregory Scott Newsome- Following is what ERL website states
Financial and Legal Standing
1) Bankruptcy filling 2008 ( To be verified) http://www.trollerbk.com/bankruptcy/D40CDE19-FC3C-79A8-5BF3BA566F88710C/bankruptcyrecord/
2) Criminal Record (To be verified) http://webapps6.doc.state.nc.us/opi/viewoffender.do?method=view&offenderID=605310
Yenom Inc which Scott Newsome is CEO has no functioning website. The domain www.yenominc.com is owned by
Domain name: yenominc.com
7231 Windermere Dr.
Mechanicsville, VA 23116
Olancom is a company ERL purchased
Olancom Website (http://www.olancom.com) mentions the company started in 2000 and started roomsnet.com in 2005.
However the Olancom domain was registered in 2010. I would be a record for technology driven company to operate 10 years without purchasing a domain.
Domain Name: OLANCOM.COM
Registrar: GODADDY.COM, INC.
Whois Server: whois.godaddy.com
Name Server: NS22.ROOMSNET.COM
Name Server: NS23.ROOMSNETBOOKINGS1.COM
Updated Date: 26-apr-2010
Creation Date: 24-mar-2010
Expiration Date: 24-mar-2011
The question here is how much did ERL pay for the acquisition. What was the valuation and what was the valuation method used for purchase?
I was trying to find the valuation method used for Olancom. IT company valuations can be easily manipulated.
Who started Olancom which owns all of ERL tech companies including
2) Enterprice Teclnology.
All in all it seems the strategy is
Create company A >Sell > Company B>Sell Company C
Company A > Buy Company D > Sell Company C
Last edited by Quibit on Thu Feb 17, 2011 11:07 pm; edited 1 time in total (Reason for editing : Format Condensed)