What is Crowd1 and what it is not

This post is about CROWD1 being included on the MLM companies  that are given the strong warning by SEC Commission for securing investments from members.

  Before we go into the details, what is Crowd1 ?

CROWD1, is a European company and is considered the next gig star after Netflix, Airbnb, and Uber ! As mobile phones in the world becomes more than the entire global population and far more more than taxi nor hotel units ... this opportunity starts to move like a train with no breaks. As of May 6, 2020, total affiliates stands at ~5 million worldwide and is projected to reach 50-60 million affiliates by end of the year.

   Now we go to the information received and advised on by SEC:

The Commission has received information that an individual or group of persons representing an entity named CROWD1 ASIA PACIFIC INC. (CROWD1) are enticing the public to invest their money in the said entity with the promise of high monetary rewards or profits.

Those who act as salesmen, brokers, dealers or agents of the said entity in selling or convincing people to invest in the investment scheme it is being offered including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million Pesos (Php5,000,000.00) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014).

   

         In its formal response, Crowd1 Asia Pacific Inc. (Crowd1) “strongly” objected to the advisory of SEC which stated that it was offering or soliciting securities and investments from its members.

“Crowd1 is registered with the SEC granting us juridical personality, and our operations fully operate within the legal area granted,” Regional Manager Asia Pacific Jan Frostne said.

Frostne reiterated that the terms and conditions of Crowd1 emphasized that it is not a financial institution but a paid “educational suite,” although the statement did not explain further the specifics of the suite.

“Crowd1 does not offer any token of ownership in a shared profits pool and all purchases involve a risk of full financial loss,” he added.

Prospective members were advised to do their research prior to engaging in businesses that include specific results or financial returns.

Although the statement did not explain as to what its business model is to assure profitability, its website stated that Crowd1 “does not sell any products of its own and it merely markets other companies’ digital products.”

SEC confirmed the registration of Crowd1 as a corporation on October 9, 2019 under Company Registration No. CS201917023, however, as previously reported, the entity was not able to acquire a secondary license “to issue, sell or offer for sale securities to the public nor to undertake business activities.”

According to the Securities Regulation Code, securities are “shares, participation or interests in a corporation or in a commercial enterprise or profit-making venture and evidenced by a certificate, contract, instruments, whether written or electronic in character.”

Frostne stated that they take the statements from the SEC seriously and the entity fully intends to cooperate in the proceedings especially in identifying involved individuals or groups who misrepresent Crowd1 and entice people to invest or solicit investments.

Crowd1 is fully cooperating with the SEC in order to correct any misinformation they have on the products and services the CROWD1 offers to zero out any misunderstanding.

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Why Network Marketing? 4 Business Authorities Explain.

What my virtual mentors have to say about this non-traditonal business model. 

Robert Kiyosaki- “successful people look for and build networks, while the poor look for work.”

                              

BRIAN TRACY: UNLIMITED POTENTIAL
"People don't trust conglomerates; they trust individuals. Network marketing brings trust and the quality of the relationship to the center of the business. And it enables you to expand indefinitely, simply by expanding the number of relationships.
"The future of network marketing is unlimited. There's no end in sight. It will to continue to grow, because better people are getting into it. They are raising the entire standard of MLM to the point where soon, it will be one of the most respected business methods in the world.
"Network marketing is based purely on relationship selling, which is the state of the art in selling today. Small and large companies throughout the country and the world are realizing that individuals selling to their friends and associates is the future of sales, because the critical element in buying is trust."


JIM ROHN (mentor to Anthony Robbins): THE NEW CAPITALISM
"Network marketing is the big wave of the future. It's taking the place of franchising, which now requires too much capital for the average person.
"Network marketing is really the greatest source of grass-roots capitalism, because it teaches people how to take a small bit of capital -- that is your time -- and build the American dream.
"I was involved with a network marketing company called Abunda-Vita for five years, starting when I was 25 years old. It opened up the world to me. I became a millionaire by the time I was 31. More valuable than the money were the skills it taught me. In the corporate world it's hard to rub shoulders with the megastars. Network marketing exposes people to good speakers, to positive ideas about setting goals, rendering service, managing time, training, and inspiring other people."


PAUL PILZER(well known economist, author): TREMENDOUS GROWTH    “The Next Trillion”
"For most people seeking wealth in the 1990s, the greatest opportunities lie in the distribution sector of our economy. In the future, technological developments like interactive television for ordering merchandise, and overnight or same-day shipping services for delivering it, may let many manufacturers bypass retailers entirely in physically distributing existing products to their ultimate consumers. This may one day eliminate the majority of retailers that concentrate on physical distribution, like Wal-Mart.
"I see rapid acceleration ahead in Network Marketing as more and more companies embrace it. As more companies come into being and product lines are expanded, I think growth in this industry will be exponential.
"I would be very surprised if we don't see Network Marketing sales doubling every three to five years.
"Large corporations have run into a significant bottleneck in their ability to expand -- they have reached the limit of their ability to educate consumers about new products and services and to update them about better ways to use them. The Information Highway won't solve this problem. If there are 50,000 channels, how do you know which channel you want to listen to? Network marketers, through their people-to-people focus, will custom tailor and deliver product information to the specific customers who need it." 

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