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I have just learned that BBZ Resource Management, the company we purchased
the GROCERY COUPONS from, has filed for Chapter 11 reorganization. We are
stunned to say the least. The company was checked out, but it seems that
BBZ Resource Management entered into a partnership with Kidz Idz, who was to
purchase $340 million in certificates, over a 15 year period. Based on that,
BBZ purchased new headquarters and hired new people to handle all the
business. KIDZ ID then reneged on the deal and both companies have now filed
law suits against each other. We have filed a letter to get our money back,
however, we do not know if this will happen.
What it means to us:
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First, we are
suspending all further sales of the GROCERY COUPONS.
Second, if you
are still able to register your coupon or if you are able to get your
redemption coupons for July and the up-coming months, keep sending them in.
Third, if you
just purchased the coupons, or you are a leader who has recently sent in
your check, we are going to return the checks to you as they have not been
cashed. |
As for
everyone else I have several options for your return –
-
I would like to
encourage you to consider this a donation to the 56th State Convention and
for your contribution you will
receive a
dangle that says “Grocery Rip-off”.
-
If you have not
already purchased your Ribbons for the State Convention, I will roll back to
the Early Bird Price of $25.00 for those who purchased the coupons and give
you credit towards the ribbons. (Please note that refunds will not
be given for these Exchange Ribbons should you not be able to attend the
Convention in May 2010.)
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If you want your
money, I will issue you a check for $32.00. This is the amount from your $50
purchase that we retained – the remaining $18 went to the company which we
no longer have.
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I will record
your name, address and phone number if you choose options 2 or 3. Then if by
some strange luck BBZ Resource Management returns our money before 5/31/10,
you will be able to get back your other $18.00 per coupon.
Take time to
think about these options and let us know how you would like this situation
handled for you. You can contact our Convention Treasurers, Dave & Shirley
Nihart by phone (904-641-5218), by mailing to 11346 Trotting Horse Lane
South, Jacksonville, FL 32225 or via email at
dsnihart@comcast.net.
Please accept my humblest apologies for this mess. We saw it as a way to
help fund this and future conventions. I do need help in raising money for
next year's convention. Right now I have signed a contract for $15,000.00
for the Convention Center. The funds I had are going backwards. I need each
and everyone's help in raising this money and we have about 9 months.
Please attend each fund raiser in your area. Thank you for your
understanding,
Anita and Bud Taylor
General Chairmen, 2010 FL State Convention |
