Sunday, September 10, 2006

Phoenix Surf/ NME Update

The scam continues as the NME program now request for members personal particulars for
verification as they prepare for refunds.

Hope nobody falls for this age old trick and send them anything. DO NOT BE GREEDY
as what is lost to the scammers cannnot be retrieved (despite whatever they have
claimed).

Identity theft can make you many times poorer and cause greater agony as you
clear up your credit reports...

Dear Customer:

As you may or may not be aware, NME (New Millenium Entrepreneurs) the
parent company of the Phoenix Surf Program ceased business on August
18, 2006.

Prior to the closing of business NME secured legal counsel to pursue
the recovery of money that was either owed to NME or in the hands of
out sourced companies that NME is entitled to recover. I have been
appointed the position as the NME/Phoenix Surf Administrator to
oversee the recovery of those funds.

The goal of the Administrator is to assist the Attorneys in securing,
managing and preserving the assets of NME and in distributing these
assets to the account holders and other creditors in a fair and
equitable manner. The procedure and the recovery plan have been
submitted to the SEC and Attorneys. The final adjustments to the
percentages will be determined once actual funds are recovered.

The NME/Phoenix corporate records indicate that you have purchase
upgrades in the Phoenix Surf Program. To verify these records, and
to confirm the amount deposited or otherwise owed, if any, we will be
reviewing each account individually. It is very important that we
complete this process as funds can only be distributed to those which
have been verified by the Administrator and approved under the set
guidelines.

As soon as we are able to recover any funds, you may be contacted by
an appointed reviewer to confirm specifics as to your actual deposits
and withdrawals. Please review your bank records, Virtual Money Debit
Cards accounts, egold and/or any other processing sources you used to
transfer funds to Phoenix Surf for the purchase of advertising
upgrades. You may be required to email or fax your records to the
Administrator for verification.

NOTE: The Administrator believes that NME/Phoenix currently will not
be able to reimburse all account holders and creditors in full.
Accordingly, the Administrator believes that the only fair
distribution is to pool all of NME’s assets in order to effectuate a
pro rata distribution of the assets for Allowed claims which will
ensure that you receive the most value for your claim.

The Administrator believes that claims will be paid a pro rata amount
based on the Final Allowed amount of the claim and the value of the
NME assets as a whole. Your proportionate interest will be
determined based upon the percentage of your claim in relation to all
recovered assets. The figure will be calculated by dividing the amount
of each individual claim by the cumulative amount of all recovered
NME’s remaining assets.

It is very important that my office continue to have a way to contact
you throughout this process. If you move, or your contact information
changes for any reason, please email your updated contact information
to bannercom@cox.net . Include your name address, Phoenix Surf
member number, NME Debit Card number (last 6 digits), a current phone
number and email address. If and when we recovery funds we will only
attempt to contact you three (3) times after which your name will be
removed from the valid participants.

Your patience during this important phase of the NME Administration
is appreciated.

Sincerely,
Ken Stahl
Administrator of NME/Phoenix Surf, LLC.

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