| Anatomy of a kiosk suit |
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You might also be interested to read the following eBooks: HomeGrown Business. How to Start and Run a Successful Christian Business. Brainstorm: Get Easy, Quick Ideas! Discover How To Explode Ideas for business, inventing or creativity. A complete Ideas Creation System that works: try it now. Photo Restore 247. Professional & creative photo restoration services for business,companies,and individuals! For investors, it must have seemed like a can’t-miss investment. For a fee of $14,250 to $24,950, they could enter the world of interactive technology with the opportunity to reap the benefits of a strong advertising platform. Better yet, the investment involved one of America’s best-known brands. The technology was public access Internet kiosks. Located at McDonald’s restaurants nationwide, the kiosks would attract customers with free Web access, which would in turn attract advertising. Kiosk development firm Web Booth Inc., through its sales associate Emerging Business Concepts Inc., sold the kiosks. The kiosks were then leased back to Waterstones Ltd., which would maintain them and sell advertising. The investors would then receive a guaranteed annual return on the kiosks from Waterstones. But for 179 investors, the investment has become a painful financial lesson. On May 1, the investors filed suit in Los Angeles Superior Court against McDonald’s, Web Booth, Waterstones, and Emerging Business Concepts, seeking actual and punitive damages. |
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