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As expected and anticipated (I was long out in this one), AlienTrust is closing (Thanks to Mel for informing), the official blog entry is here, but I’ll drop it here for our readers to take a look as well.

Didn’t like Vince in the first place, and definitely many lame excuses to close the business as well.

Good Afternoon,

First and foremost I’d like to say thank you to all the AT members worldwide who have come to us in our time here as your advertising venue of choice. It’s been a pleasure working with you all and we’ve enjoyed every single day of our journey here.

We’ve spent last 2 days arguing and fighting over terms and conditions with the potential buyers of AT and those negotiations are now at a close and were unsuccessful. We made every effort to accommodate the buyer’s requests while still protecting your memberships and current commissions but it seems clear now that their intentions were less than honorable in reference to any sort of commitment to you the members.

Strangely they failed to see that by not living up to their commitment to your commissions there would be no database to utilize, but I guess that’s the way it rolls out. We simply weren’t going to compromise with our request to keep the program running, and that was not something that they would agree to so we were forced the close the negotiations and vacate the non-disclosure agreement.

We asked for a minimum of at least 6 months of program continuation to ensure that members would have to opportunity to move away from AT in case they weren’t satisfied with the program, or the industry. We agreed to stay on as the management company so that they would not need to train or hire anyone to accomplish this, we agreed to take on ALL administration tasks and to NOT promote any opportunities whatsoever to the membership during this time frame.

It seems to all of us here at the office knowing full well how much work this requires that this was a pretty sweet deal for them, UNLESS they were going to simply dump all the members commissions and use the database for their own marketing needs. By them NOT agreeing to this deal, it seems pretty clear that this was their intention from the very beginning.

So - that being said, and with no other potential buyer on the horizon, Alien Trust will begin the process of closing down effective immediately. Over the course of the next week we will be going through the database and eliminating Ad Viewer members who don’t meet the following criteria:

1. You must have no history of any fraud or possible fraud.
2. You must have made at least one Ad Buy purchase from real money.
3. You must have a Virtual Money card on file with us.
4. Your account must be Verified.
5. Your entire profile be must filled in and complete.

Once this process is completed we can then get an accurate depiction of money on accounts and finalize a realistic strategy for potential compensation.

We realize your number one question will be, “How and when will I be paid?” Once we have an accurate accounting of cash on accounts we’ll let you know what the process will be.

We understand that this is certainly not what anyone hoped for, but unfortunately that’s the way it is.

On a personal note…

Alien Trust did not die, it was murdered by ***holes who lie, steal and cheat, and you can thank them for wrecking what was a wonderful program and a tremendous community of business builders, all of whom had the notion somewhere in the back of their heads….”Hmmmm…. maybe I can find a way to earn a living for myself, and not have to waste my time in the Corporate, Dog eat Dog, back-stabbing world of the traditional 9-5. Maybe, just maybe, I can make something great for my future and for my family.”

To all of you, I’m truly sorry that we couldn’t stop the hackers from screwing that dream up for you. But we will continue to try.

Even though AT has had it’s run, we’ll continue to forge ahead with new ideas and new opportunities that will keep the dream alive, and we’ll continue to look for a solution that EVERY person can do no matter what your financial, social, educational, or ethnic background may be.

Good people flock together, and we’ll continue to seek out those people and try our best to help them build a future they can depend on.

95% of all businesses fail within the first year, Alien Trust is not immune to that. We did our best to hold it together for as long as we could throughout all the attacks, bad press, hacking and down right fraud, and we’ll continue to hold our heads high knowing that for a time, we helped out a bunch of people.

We’ll be in contact with you again on Monday afternoon with additional details on the progress of the closing.

Sincerely,

Vince Kronlein
Executive Director
W3MA, LLC.
Ali

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