February 3, 2006, Newsletter Issue #88: Flooz

Tip of the Week

Itīs official--Flooz is now another .com statistic as they have intentions of filing bankrupcy. This was posted on their website:

" We regret to inform you that Flooz.com, Inc. has ceased operations. The offices are closed and the company will file for bankruptcy protection.

Flooz.com has been adversely affected by dramatic changes in capital markets and the general slowdown in the economy. Flooz.com had been in merger discussions with a number of companies but was unable to find a suitable partner.

We wish to thank all of our customers, merchant partners, service providers, employees and investors for their support."

If you recently purchased Flooz using your credit card I strongly recommend that you dispute the charge with your credit card issuer.

If you have a large sum of Flooz in your account and cannot dispute the charge I recommend you file a claim with the bankrupcy court.

Good luck.

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