Re: Als je het goed bekijkt wat is mlm telecom toch fijn.Worden
Geplaatst: 19 okt 2004 15:36
Dit is een berict wat ik ontvangen heb van een collega MLM'er.
Doe er je voordeel of nadeel mee!
Hier is de ontslagbrief van Carlos Rey + een krantenbericht over wat er gaande is bij eurexcel.
Letter of Resignation from Carlos Rey
My Very Dear Excel Family:
I cannot begin to tell you how difficult it has been to write this email, this is by far the hardest one I have ever had to write. As most of you who know me, will understand that I speak and lead from the heart; and even up to this moment, I never believed that I would have to be writing such an email.
I have today resigned my position as Ambassador, Top Performance Council Member (TPC) and Executive Senior Director (ESD) from Excel/EurExcel after 9 years of dedication.
With the information that I know, I cannot continue to lead people in this opportunity with a clear conscience.
I am not only an Independent Representative but a leader of people, and I can not lead people without personally believing in the company I am involved with. The Company I work with and devote my life to must have vision; have the highest integrity, ethics and moral standards.
I personally, along with my leaders no longer have faith in the company and its management, and there are many other changes that have yet to be exposed and uncovered, which I believe will be - just the “tip of the iceberg.”
I want you all to know that if you ever need my help or guidance in any way, I will always be there for you as I always have been in the past – no matter what you decide to do in the future.
I would like to take this opportunity to thank all of you for your incredible efforts over the years, and recent months, you are ALL to be commended for your excellent achievements, and for the commitment you have shown.
Should any of you wish to discuss this with me, please send me an e-mail @ [email protected].
My very best to you all, and God Bless you.
Your friend
Carlos Rey
Bron : www.thedigest.com/articles/167/33.html
VarTec Telecom and Excel Communications are in a tight spot these days. Although the company's annual "Excelebration" begins this week, few at the company have much to celebrate about. The company recently had its status with the Dallas, Texas, Better Business Bureau downgraded to "unsatisfactory", and the reseller is reportedly having a difficult time paying its bills. Earlier this year, VarTec/Excel laid off approximately 400 employees, in an attempt to slash their mounting losses. According to filings that were just recently made public, VarTec reported that it and Excel together lost $20.2 million in 2003 on revenue of $942 million. The companies lost $45.2 million in 2002 on revenue of $1.2 billion. In addition to its mounting financial losses, the company is also in danger of defaulting on a $340 million loan with the National Rural Utilities Cooperative Finance Corp. this week. VarTec is also in the middle of arbitration with Teleglobe, which claims that it is owed $227.5 million for the purchase of Excel. Add to that the company's pending financial losses over its investment in entering the UNE-P market, and you have a total meltdown just waiting to happen. If we had to speculate (and we will), look for the reseller to file for Chapter 11 Bankruptcy Protection within six months. We just don't see anything even remotely positive on this company's horizon.
By VIKAS BAJAJ / The Dallas Morning News
VarTec Telecom Inc., the troubled Dallas phone company, has two engagements today that could help determine its fate.
A Washington finance cooperative may declare the company in default of $340 million in loans, if it doesn't make a principal payment today or renegotiate the debt.
Also today, thousands of anxious independent sales representatives for the company's Excel Telecommunications subsidiary will begin their annual convention, Excelebration, in Dallas.
Once a highly profitable reseller of long-distance phone service, privately held VarTec has fallen on hard times. It has already told the National Rural Utilities Cooperative Finance Corp. that it can't make the payment.
"VarTec is in close communications with our senior secured lender and is hopeful it will reach a mutually accepted resolution," the company said.
An executive with the utilities cooperative said last week that it hoped to work out new payment terms with VarTec.
"I can't tell you what's going to happen between now and Aug. 31," said Steve Lilly, chief financial officer. "Our goal is to try to accomplish that arrangement, to put in place the facilities for successful conclusion in the longer term."
Mr. Lilly indicated that VarTec has made regular interest payments on its loans and the cooperative hoped to restructure the loan.
The cooperative, a private institution owned by member companies, lends money to rural electricity and telephone companies and their affiliates.
About 80 percent of VarTec is owned by Telephone Electronics Corp., a company in Jackson, Miss., that owns eight rural phone companies. Senior executives, including chief executive Joe Mitchell and his wife, Connie Mitchell, own the rest.
The utilities cooperative has stumbled in the past in lending money to North Texas companies. In 2002, Coserv, the Denton County electricity and telephone service provider, filed for bankruptcy after borrowing more than $1 billion from the finance cooperative.
As a privately held company, VarTec isn't required to disclose financial details. But court and regulatory filings provide a bleak picture:
•The most revealing information about its performance comes from filings it has made before the Wisconsin Public Service Commission, which requires companies that want to sell local-phone service to file annual reports.
VarTec reported that it and Excel together lost $20.2 million in 2003 on revenue of $942 million. The companies lost $45.2 million in 2002 on revenue of $1.2 billion, according to the reports.
•VarTec is awaiting an arbitrator's ruling on a disputed $227.5 million debt the company owes to Teleglobe Communications Corp. for the 2001 purchase of Excel. VarTec asserts that Teleglobe owes it money for not fully disclosing Excel's liabilities.
Teleglobe officials didn't return calls Monday. In court filings, Teleglobe has said VarTec owes as much as $260 million with accrued interest.
•Filings in the bankruptcy case of Lightyear Communications, a company VarTec tried to buy in 2001 and 2002, show that it lost an $87.4 million investment in that firm in August 2003. The proposed acquisition fell apart in early 2002, shortly before Lightyear filed for bankruptcy.
Several Excel representatives, who sell the company's communications services and recruit others to do the same, said they were worried about their future. All of them spoke on condition that their names are not used, because they said they feared reprisals from the company.
"Some of us want to know bottom line – is this company going to survive," said one Excel representative.
The morale and loyalty of Excel representatives are critical to VarTec, because they bring in a big share of the company's revenue.
According to the reports filed in Wisconsin, Excel accounted for 35 percent of the companies' combined revenue in 2003, up from 33 percent in 2002.
Excel vaulted to national prominence and a soaring initial public offering in the 1990s, but it has lost a lot of ground in the last five years after trading hands several times.
In 2001, the company said it had as many as 200,000 independent representatives, down from a 1996 peak of 650,000. VarTec hasn't provided a current number.
Attendance at Excelebration this week should be an important indicator of the company's wellbeing.
"We are excited about celebrating the accomplishments of our sales force and building for an exciting future with them," the company said.
The event is often the venue for executives to make big announcements about new products that representatives will have to sell. Excel also hands out big bonus checks to top salespeople.
This year, Excelebration will be held at the Wyndham Anatole Hotel and will run through the weekend.
Some representatives said they were hoping that management would lay concerns about the company to rest and unveil new products for them to sell.
"We are very anxious about what our future is going to be," said one out-of-state representative who plans to fly in for the event. "We are excited to go. They do always make new [product] announcements."
Doe er je voordeel of nadeel mee!
Hier is de ontslagbrief van Carlos Rey + een krantenbericht over wat er gaande is bij eurexcel.
Letter of Resignation from Carlos Rey
My Very Dear Excel Family:
I cannot begin to tell you how difficult it has been to write this email, this is by far the hardest one I have ever had to write. As most of you who know me, will understand that I speak and lead from the heart; and even up to this moment, I never believed that I would have to be writing such an email.
I have today resigned my position as Ambassador, Top Performance Council Member (TPC) and Executive Senior Director (ESD) from Excel/EurExcel after 9 years of dedication.
With the information that I know, I cannot continue to lead people in this opportunity with a clear conscience.
I am not only an Independent Representative but a leader of people, and I can not lead people without personally believing in the company I am involved with. The Company I work with and devote my life to must have vision; have the highest integrity, ethics and moral standards.
I personally, along with my leaders no longer have faith in the company and its management, and there are many other changes that have yet to be exposed and uncovered, which I believe will be - just the “tip of the iceberg.”
I want you all to know that if you ever need my help or guidance in any way, I will always be there for you as I always have been in the past – no matter what you decide to do in the future.
I would like to take this opportunity to thank all of you for your incredible efforts over the years, and recent months, you are ALL to be commended for your excellent achievements, and for the commitment you have shown.
Should any of you wish to discuss this with me, please send me an e-mail @ [email protected].
My very best to you all, and God Bless you.
Your friend
Carlos Rey
Bron : www.thedigest.com/articles/167/33.html
VarTec Telecom and Excel Communications are in a tight spot these days. Although the company's annual "Excelebration" begins this week, few at the company have much to celebrate about. The company recently had its status with the Dallas, Texas, Better Business Bureau downgraded to "unsatisfactory", and the reseller is reportedly having a difficult time paying its bills. Earlier this year, VarTec/Excel laid off approximately 400 employees, in an attempt to slash their mounting losses. According to filings that were just recently made public, VarTec reported that it and Excel together lost $20.2 million in 2003 on revenue of $942 million. The companies lost $45.2 million in 2002 on revenue of $1.2 billion. In addition to its mounting financial losses, the company is also in danger of defaulting on a $340 million loan with the National Rural Utilities Cooperative Finance Corp. this week. VarTec is also in the middle of arbitration with Teleglobe, which claims that it is owed $227.5 million for the purchase of Excel. Add to that the company's pending financial losses over its investment in entering the UNE-P market, and you have a total meltdown just waiting to happen. If we had to speculate (and we will), look for the reseller to file for Chapter 11 Bankruptcy Protection within six months. We just don't see anything even remotely positive on this company's horizon.
By VIKAS BAJAJ / The Dallas Morning News
VarTec Telecom Inc., the troubled Dallas phone company, has two engagements today that could help determine its fate.
A Washington finance cooperative may declare the company in default of $340 million in loans, if it doesn't make a principal payment today or renegotiate the debt.
Also today, thousands of anxious independent sales representatives for the company's Excel Telecommunications subsidiary will begin their annual convention, Excelebration, in Dallas.
Once a highly profitable reseller of long-distance phone service, privately held VarTec has fallen on hard times. It has already told the National Rural Utilities Cooperative Finance Corp. that it can't make the payment.
"VarTec is in close communications with our senior secured lender and is hopeful it will reach a mutually accepted resolution," the company said.
An executive with the utilities cooperative said last week that it hoped to work out new payment terms with VarTec.
"I can't tell you what's going to happen between now and Aug. 31," said Steve Lilly, chief financial officer. "Our goal is to try to accomplish that arrangement, to put in place the facilities for successful conclusion in the longer term."
Mr. Lilly indicated that VarTec has made regular interest payments on its loans and the cooperative hoped to restructure the loan.
The cooperative, a private institution owned by member companies, lends money to rural electricity and telephone companies and their affiliates.
About 80 percent of VarTec is owned by Telephone Electronics Corp., a company in Jackson, Miss., that owns eight rural phone companies. Senior executives, including chief executive Joe Mitchell and his wife, Connie Mitchell, own the rest.
The utilities cooperative has stumbled in the past in lending money to North Texas companies. In 2002, Coserv, the Denton County electricity and telephone service provider, filed for bankruptcy after borrowing more than $1 billion from the finance cooperative.
As a privately held company, VarTec isn't required to disclose financial details. But court and regulatory filings provide a bleak picture:
•The most revealing information about its performance comes from filings it has made before the Wisconsin Public Service Commission, which requires companies that want to sell local-phone service to file annual reports.
VarTec reported that it and Excel together lost $20.2 million in 2003 on revenue of $942 million. The companies lost $45.2 million in 2002 on revenue of $1.2 billion, according to the reports.
•VarTec is awaiting an arbitrator's ruling on a disputed $227.5 million debt the company owes to Teleglobe Communications Corp. for the 2001 purchase of Excel. VarTec asserts that Teleglobe owes it money for not fully disclosing Excel's liabilities.
Teleglobe officials didn't return calls Monday. In court filings, Teleglobe has said VarTec owes as much as $260 million with accrued interest.
•Filings in the bankruptcy case of Lightyear Communications, a company VarTec tried to buy in 2001 and 2002, show that it lost an $87.4 million investment in that firm in August 2003. The proposed acquisition fell apart in early 2002, shortly before Lightyear filed for bankruptcy.
Several Excel representatives, who sell the company's communications services and recruit others to do the same, said they were worried about their future. All of them spoke on condition that their names are not used, because they said they feared reprisals from the company.
"Some of us want to know bottom line – is this company going to survive," said one Excel representative.
The morale and loyalty of Excel representatives are critical to VarTec, because they bring in a big share of the company's revenue.
According to the reports filed in Wisconsin, Excel accounted for 35 percent of the companies' combined revenue in 2003, up from 33 percent in 2002.
Excel vaulted to national prominence and a soaring initial public offering in the 1990s, but it has lost a lot of ground in the last five years after trading hands several times.
In 2001, the company said it had as many as 200,000 independent representatives, down from a 1996 peak of 650,000. VarTec hasn't provided a current number.
Attendance at Excelebration this week should be an important indicator of the company's wellbeing.
"We are excited about celebrating the accomplishments of our sales force and building for an exciting future with them," the company said.
The event is often the venue for executives to make big announcements about new products that representatives will have to sell. Excel also hands out big bonus checks to top salespeople.
This year, Excelebration will be held at the Wyndham Anatole Hotel and will run through the weekend.
Some representatives said they were hoping that management would lay concerns about the company to rest and unveil new products for them to sell.
"We are very anxious about what our future is going to be," said one out-of-state representative who plans to fly in for the event. "We are excited to go. They do always make new [product] announcements."
) in de downline van Art En George zitten. Ik weet wel dat Goerge Zallucki en Martin bevriend zijn 
. Dus hij weet zeker of het verhaal klopt of niet.