X Nations - GloboSale out of business

Thanks for Cyndalie for pointing this out to me!

http://www.globosale.net

Globosale Out of Business

To all our clients, friends, enemies and Webmasters

What happend to others in this industry in the past happend to us today. What we think is an unfortunate example from Visa, we have been advised that our bank was instructed today to terminate our processing in order to avoid threatened fees in the hundreds of thousands of dollars.

Starting as of 1700 hours today GMT time, we can not accept any more transactions for your website but the user management will be alive until the expiration of the last user subscription.

As over 6000 Webmaster will be affected by this, we will not be able to answer the incoming calls and e-mails. Therefore we kindly ask you to respond in writing to our corporate address. In order to receive our settlement documentation and other pertinent information, you must send us a letter detailing your payee name, contact information and all site IDs that you held under the Globosale.net by October 8, 2003. Please ensure your letter includes the following necessary information:

Your full name or full name of the company
Your Webmaster ID and Security Code
Complete mailing address
Telephone number with area codes and email address
Your Website ID's

Given the volume that we anticipate receiving, please allow up to 6 weeks for us to respond to your correspondence. Please do not phone or fax or email us because these methods of contact have now been automated. We will respond only to written communications that contain the information set forth above.

In order to receive your correspondence in due time, send it not later than Ocotober 8, 2003 to:

GloboSale.net AG
P.O. Box 501
8702 Erlenbach
Switzerland

We are very disappointed with the sudden situation which termindated GloboSale.net AG operations within a matter of hours. Not only have we been accused of wrongdoing without any proof from VISA and VISA also abruptly terminated our contracts without prior consultations. Please accept our regrets for this and we sincerely hope that we can bring this to an acceptable settlement for all our valued customers.

For an alternative billing solution provider, please contact Verotel in the Netherlands. Verotel's website can be found at

http://www.verotel.com/globosale

We know and understand you might be suspicious to other billing providers, but Verotel is in this business for almost six years and have very steady and redundant banking relationships in Europe.

Sincerely
Andreas De Terra
Chairman