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Wednesday, March 15, 2006

EMO Saga

Why, EMO is having a saga. Apparently they were an unlicensed money-transmission service or something and there is some money unaccounted for. However, unlike Scampay, it appears their site will be back up soon and nobody need fret.

In the meantime, here's the reponses from PhoenixSurf and WiredSurf:

"Dear Phoenix and NME Members,

As many of you are aware, EMO is currently undergoing some challenges with the sate of Texas. There has been much speculation, including a press release from the Texas Attorney General.

Furthermore, as many of you are aware, many of the numbers and figures quoted in that press release are erroneous. The leadership of NME, including Jonathan Mikula, is in close communication with the leadership of EMO in an effort to help them through this difficult time. As stated earlier, Mr. Mikula and the top members of the NME leadership team will be in Texas this weekend for prior business engagements.

The large majority of our membership base does not have funds in EMO at this time. For those of you who do, we have been assured that all of your funds are safe. EMO is currently weighing their options and developing a strategy to overcome any obstacles.

Until EMO has decided on a mode of actions, their website will remain offline. As always, we have been extremely proud of the support and professionalism displayed by NME and Phoenix members.


Sincerely,

NME Compliance"

Well that was from PhoenixSurf.

"As many of you are aware, EMO is currently being placed in receivership and was operating as an unlicensed money transfer/processing company.

Wired Surf initially accepted both e-gold and EMO as a way for members to purchase ad packs, and up until the EMO website was unavailable we continued to receive funds through our EMO account.

In fact, Wired Surf has a large amount of money in EMO, and while this would typically destroy a business or prevent it from continuing, our company is focused on surviving the current situation, while taking steps to prevent any problems with processors in the future.

Effective immediately, e-gold is the only method in which we will accept money for ad pack purchases and is the only method in which we will pay out any earnings from surf activities. While EMO's website will be available in the near future, we will not be implementing EMO into our system again. When EMO is back online, we will work to move the funds from EMO into e-gold, since that is now our primary payment processor of choice.

Those who initially purchased ad packs with EMO will be paid via e-gold, however we may temporarily place these payments on hold until EMO releases further information.

Wired Surf could continue to survive despite our funds being inaccessible through EMO Corp, however our concern is that EMO will be forced to refund certain transactions, or that these funds will be inaccessible for a long period of time. In light of this, we will place any payments that were derived from EMO ad pack purchases on hold pending further information. Rest assured that we have every reason to believe that EMO will release information within a reasonable time frame and if not, Wired Surf will work out a resolution so that members who used EMO are not penalized or left behind.

The dependency on payment processors can be devastating to any business, and due to the recent situation with EMO Corp, we believe that it is better to exercise caution by not implementing them back into our program.

E-gold has established themselves after many years online and while it can be confusing when you first begin using e-gold, it is currently the safest processor to use. To help people fund their e-gold accounts we will be asking members of our community to participate within a thread set up to help members become familiar with this processor.

Wired Surf will continue to work on releasing our debit card program, and once this is complete and implemented into our website, Wired Surf members will be able to receive their funds through the debit card easily. Wired Surf debit cards will be able to be funded by credit card, e-gold as well as many other reliable and simplified methods. We will also be accepting payment for ad packs through the debit card system as well. This will release our company from ever having to rely on any outside processor. The card is still in production and Card One Inc will contact us when the cards are ready for release. We will keep our community informed as to the progress and will have an ETA in regards to our cards very shortly.

Wired Surf Administration"

Both parties are handling this well and it gives me more confidence in their administrative abilities, at least for the short - medium term.

BlackGold-Surf

Well, here's a BlackGold-Surf update (unrelated to EMO.)

"The purchase upgrade option is now open again.
If your account looks correct, it is safe for you to purchase upgrades again.


Fia and the programmer fixed about 200 accounts last night that was showing negative or something.
Programmer will be still working over the next few days until everything is perfect!

Remember, you WILL be credited all missed surf days once he has fixed the account problems.

PLEASE, do not try to purchase upgrades if your account shows negative upgrades, negative balance, double cashouts or wrong amount.

That's all for now. I will be updating you as progress is made."

I'm waiting for my payout from these guys and may re-cycle a little of the profit, but as far as I'm concerned from now on I'll be better off with Phoenix and Wired in my 'portfolio' of autosurfs.

Another update from Phoenix came out today, basically a rehash -

The key points were:

1. Big them up in the Phoenix Surf forums with some testimonials.
2. Don't use your Phoenix Surf referral URL in the Phoenix Surf rotator! Duh.

Anyway, ciao y'all.

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