It’s always a shame to see a network marketing company go under. Especially one as promising as ITV Ventures was.
This was a company with a really bright idea; use infomercials to bring leads and customers in. Other NM companies had used infomercials before, but ITV Ventures was the first to put their own IBOs/Distributors on the other end of the phones to answer calls from those infomercials. Leads simply don’t get any more qualified than someone calling hot off an infomercial.
But like many things, it had to come to an end. And a rather sudden one at that! ITV Ventures will shutter on October 3, 2008 and cease to exist. Taking its place will be a company called Elite Virtual Services (EVS). I have very little information on EVS at this point, but it does not look like the Network Marketing component will be part of EVS.
MLM Watchdog has a rather brutal write-up (link below) which ties the shutdown to a large judgment against Donald Barrett the CEO of ITV Ventures. At any rate, this is hardly the ending I envisioned for this company – especially considering there were rumors of an IPO earlier this year!
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September 15, 2008 at 5:10 pm
jake jacob
Soon the spiderweb marketing system will be out of beta. Even in beta we have one guy making over $10,000 a month and last time I heard he wasn’t even a partner.
As a partner – right now half price – you receive a proportional amount of 6% of the entire companies profits from every income stream depending on how many recruits and leads you have developed.
It is the most dynamic, organic self funded program on the market today.
All the best,
Jake
Click Here Now!
September 26, 2008 at 3:30 pm
More on ITV Ventures Spinoff - EVS « The Church of Network Marketing
[...] in Other MLMs | Tags: Elite Virtual Systems, EVS, ITV Ventures, network marketing business In this blog post,I reported that ITV Ventures would cease to exist on October 3, 2008 and it would be replaced by a [...]
October 2, 2008 at 11:34 pm
ghost hunter
Yes, Oct 1st was it for ITV Ventures. DB has pulled the plug, good luck if you are owed any $$. Way too many problems, Ventures was bleeding $$, so just like a light-switch…poof…gone. There goes the big dream of being in the informercial business up in smoke. Many people are upset at being left in the cold, some of them out thousands of dollars…the repercussions should be interesting.