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CEP produced their first videocast at Moboking. Someone there was listening to what bloggers were saying about listening impaired and non-English speaking readers, because they also published a transcript.

As I watched the videocast, I couldn’t help but thinking that here’s yet another reason why CEP and TriStar are worlds apart from each other. While it included some cheerleading, it had a number of updates as well. First they talked about Trevor’s health and a new drink that has been helping him recover his energy. They also give updates on AS49, DSM and 4NM. In addition, they announced that a new CEP store for CEP logo products will be open soon. They also talked about the voting contest for Coasting88. They didn’t say much about a new site, PSE.

IMO, the most important part of the video, apart from health issues, was the following two topics…

They described what is most important for a Profit Share model to work. I’d say that the three key points are needed for ALL programs to work.

1. Pour all of the initial profits back into the business, at least until it is self-sustaining. Then very slowly take out profits, increasing as the business grows and stabilizes.
2. Have an outside income stream. Preferably, the income stream should generate all profits. At the very least, it should generate enough to bolster revenue. See an article that I wrote earlier this year.
3. Develop a loyal membership base. How does one do this? See an article that I wrote last year. It isn’t rocket science, folks.

Lastly, they talked about their move to New Mexico and the status of obtaining money transmitter licensing. Here is an excerpt from the transcript:

As for the members who may be fearful due to the misinformation on the web from uneducated bloggers and others who are not familiar with the laws, all we can tell you is to stop listening to these people. If you are really concerned with what you’ve heard, look it up. There are reputable sites that have all the information one could want. The tricky part with this, is discerning which laws apply to CEP and CEP Trust. Getting the help of a qualified attorney to help with the interpretations is a good idea, though we won’t suggest paying out of pocket to hire someone. We’ve already done that, and I honestly don’t think we could have found a better, more informed attorney than Noel. She really knows her stuff, and is in no way a ‘yes man’. She tells it to Trevor like it is, regardless of how he may react to it. She is doing a fantastic job in making sure CEP and CEP Trust adhere to all the laws.

That is good news for those of us waiting to find out about the legality issue. The only part I don’t agree with is “uneducated bloggers” and “stop listening to these people.” I actually had to laugh! None of us ever claimed to be lawyers, however what we did was go out to the state websites and read the laws. Curt, PonziScams, went so far as to talk to an official at an office that issues money transmitter licenses. Next we raised the issue and let you, our readers, know what we found. When I read the CEP forum about this issue, the first post was a link back to an article here about the legality of CEPTrust. So, it’s safe to assume that we brought the issue to the forefront.

I must say that after following the two giants, CEP and TriStar, the differences are growing wider. My respect for CEP is growing. My disdain of TriStar is growing even faster.

JMO - Sharon

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