Premium Promotions complaints

Complaint Experience

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BCA's Summary and Analysis:

Business Consumer Alliance has recently received a number of complaints regarding this company’s failure to fulfill its services and honor their guarantee. Of the complaints we have received against this company in at least some cases the complaint allegations are very serious. ~~Company sends out mailers advertising an opportunity to make up or more than a 976% return on an investment of $500 per spot for their “Fun and Fuel Promotion”. The solicitation claims the investor only needs to secure a spot in their promotion to receive a return on their investment 100% guaranteed. The Company claims the offer is backed by their “Gift Card Principal Security Back-Up Plan” where investors choose a gift card or gift card voucher for an amount equal to their investment which they will receive if the Company is unable to return the principal investment. The net profit to be split between the Company and investors is claimed to come from Company selling vouchers to various businesses who in turn use the vouchers for customer incentives. Investors are told they would receive checks in less than 97 days. ~~Complainants allege the Company fails to provide anything after they receive investment funds inability to contact the Company to obtain refunds or to honor their guarantee. ~~In at least one case the complainant received a letter from the company along with printed gift certificates that were not equal to the value of the initial investment while another received a certificate to be included in the next offer the company promotes but no refund as guaramteed.~

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