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Q: Company background research (just thru google) ( Answered 5 out of 5 stars,   4 Comments )
Subject: Company background research (just thru google)
Category: Business and Money > Small Businesses
Asked by: johnny50-ga
List Price: $30.00
Posted: 07 Nov 2006 07:41 PST
Expires: 07 Dec 2006 07:41 PST
Question ID: 780790

I'm thinking of doing business with the followin company, JRCG, LLC. 
Its a private holding company.  Any information (good or bad) that you
can find would be great.

Request for Question Clarification by pafalafa-ga on 07 Nov 2006 15:43 PST

We need a bit more to go on to really do a good address,
state, phone number, website...something.

Any more info you can provide?


Request for Question Clarification by scriptor-ga on 07 Nov 2006 17:06 PST
I suspect you mean JRGC Holdings, LLC.?


Clarification of Question by johnny50-ga on 21 Nov 2006 12:46 PST
Yes, JRGC Holdings, LLC.?

They are out of NY.  Any information on them would be great.
Subject: Re: Company background research (just thru google)
Answered By: pafalafa-ga on 21 Nov 2006 20:15 PST
Rated:5 out of 5 stars

JRCG Holdings appears to be a real company.  

But there are so many warning flags that go up when looking into their
internet presence, that I would urge a strong note of caution before
doing any business dealings with them.

For starters, their website has many of the characteristics of
less-than-reputable businesses.  They describe themselves as a
substantial company with global leadership in many areas of business. 
Yet, they provide absolutely no specific details -- Who are their
clients?  What contracts have they worked on?  Who are the principles
in the company, and what are their backgrounds?

Even getting JRCG's phone number is a mind-numbing challenge.  When
you click on their "Contact Us" page, here's what they tell you:


...JRCG Holdings LLC's phone and fax numbers both US and International
are available to existing clients and associates only or by request.
We do apologize for this policy. We previously posted our contact
numbers however due to call volume from merely curious prospects, the
vast number of telemarketers, and hang-ups we have removed our contact
numbers from our website. We were simply inundated with calls in the


At the same link, they also offer the capability for a live, online interaction:

"If you have any questions please feel free to utilize the below
addresses or our "Live Chat" feature, if available. We are more than
happy to assist!"

but a note at the page bottom reads that the service is out of
commission until (get this) August 2005!

"LIVE CHAT - CLICK HERE (returns August 1st, 2005 after system update)"

By the way, I checked the history of their website on the Internet
Archives back to 2003, when they began operations:*/

I did not find any version of their website that actually provided a
phone number for the company, despite their statement to the contrary.


The company is properly registered as a business with the state of NY:
Department of State
Division of Corporations
Corporation and Business Entity Database

By searching on [ jrcg ] you can pull up the company's listing, which
shows that it has only been in existence since 2003:

Current Entity Name: JRCG HOLDINGS LLC 
Initial DOS Filing Date: JULY 02, 2003 
County: ERIE 
Jurisdiction: NEW YORK 
Current Entity Status: ACTIVE 

Selected Entity Address Information DOS Process (Address to which DOS
will mail process if accepted on behalf of the entity)

Similarly, the JRCG website was first registered in 2003:

   Created on: 06-Sep-03 
   Expires on: 06-Sep-07 


The company claims to be a major player in various businesses.  For
instance, here is their description of their government services:


JRCG's government services consulting expertise covers advising on and
implementing new government policy, improving existing government
services, outsourcing, modernizing government projects, e-government,
developing IT systems to deliver government services' targets,
managing large scale complex programmes, and developing government
people and their leadership capability to deliver.

As one of the leading government consulting firms, JRCG draws on its
independent standing, commitment to excellence, and intense focus on
client value. For years, JRCG has provided practical support to
governments around the world in developing and improving public
services locally and nationally - often contributing to policy
thinking from the beginning.

That's quite a blurb, specially for a company that's only been around
since 2003.  Yet they don't name a single government agency or
department that they do business with.  Furthermore, I checked the
federal US government's central database of contractors:
Central Contractor Registration

and came up with this message for a search on [ jrcg ]:  "0 Companies
Found for Company Name JRCG"

Whatever governments they're doing business with, it's not the federal
government in the US!

Next, there's this description of their business activities:
JRCG Holdings Llc

Jrcg Holdings Llc - Detailed Company Profile 
Year Started: 2003 
State of Incorporation: N/A 
Location type: Single Location  
Stock Symbol: N/A 
Stock Exchange: N/A 
Trade Style Names: N/A 
NAICS: Offices of Other Holding Companies 
Est. Annual Sales: $85,000 
Est. Employees: 2 
Est. Employees at Location: 2 
Contact Name: James Rotterman 
Contact Title: Principal 

Annual sales $85,000????   Two employees?   This hardly sounds like
the global financial enterprise described on the company's website.

One last thing.  I searched a number of in-depth newspaper databases
for mention of JRCG Holdings and came up empty-handed (which probably
explains why the site does not have a "Press" section).  Again, a
company as globally-important as they say they are should have popped
up somewhere, I would think.

None of this is to say that JRCG Holdings might not have a dynamite
business plan and are just waiting to explode into greatness.

But for the moment, I would certainly suggest finding out a great deal
more about their actual company -- who is involved, and what have they
actually done -- before getting involved with them.

I trust this information fully answers your question.  

However, please don't rate this answer until you have everything you
need.  If you would like any additional information, just post a
Request for Clarification to let me know how I can assist you further,
and I'm at your service.

All the best,


Request for Answer Clarification by johnny50-ga on 22 Nov 2006 07:42 PST
And you take a stab at this other question I have?

Question on Merchat Account Processing/credit cards

Clarification of Answer by pafalafa-ga on 22 Nov 2006 09:52 PST

Thanks for the kind feedback.

As for your other question, I took a look, but it's not an area I know
very much about.  And with the holiday pending, I don't think I'll the
opportunity to look into it anytime soon.

Hopefully, though, another research with more background in this area
can dive in and assist you.

Thanks again, and all the best...

johnny50-ga rated this answer:5 out of 5 stars
Thanks...great information.

Subject: Re: Company background research (just thru google)
From: pinklady10-ga on 26 Nov 2006 15:52 PST
Thanks for infomation around JRCG Holdings.  I am in the process of
working with them too, so any additional information regarding
negative/fraudulent activities would be helpful.

Subject: Re: Company background research (just thru google)
From: houlijr8-ga on 28 Nov 2006 10:33 PST
I also was looking into doing business with JRCG (VIP Cashier for
sale)...but when I search on, there is only
one hit.  This seems odd to me since "enables thousands
of businesses to accept payments on the internet".  Wouldn't you think
that enabling thousands of businesses would get you more than one
reference on google?  I'm not going to pursue this opportunity after
reading this answer and researching JRCG and 
Something smells funny with these two.
Subject: Re: Company background research (just thru google)
From: jeff1200-ga on 29 Nov 2006 19:59 PST
It appears that this guy which owns JRCG Holdings (The Global leader
in helping governments around the world) is a one man part time
operation, and you could never reach the guy during the day only after
work hours, in other words he is an employee elsewhere. All
information from above and with all my research into the VIPCashier
financial statements it seems to a total fraud, be smart and don't
handover your $150,000. We should really advise BizBuySell that this
listing seems to be fraudelent.
Subject: Re: Company background research (just thru google)
From: houlijr8-ga on 30 Nov 2006 07:30 PST
I also got a copy of the financials for VIPCashier.  Looked like a
great deal...didn't it?  Until I realized that it's a scam.  I wonder
how many businesses for sale are like this?  From what I've learned,
it is very hard to find a decent online business for sale that is
priced reasonably and that isn't a complete ripoff.  Any advice?

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