Satellite Capital Group

This company is reportedly soliciting investors offering 400 membership units at $5,000 per unit through the sales of an Internet game, Extreme Vegas. Careful evaluation of all investment offers should be made prior to signing agreements. Rather than make an immediate decision, insist the solicitor confirm details of the offer and all verbal promises in writing. Verify the offer is registered, or exempt from registration requirements, with your state securities commissioner. In California, call the Department of Corporations (213) 736-2481. Limited Patnerships are required to register unless an exemption is filed with the state. General Partnerships, however, are not required to register. Those who invest in General Partnerships may also be accountable for the financial liabilities of the entire partnership. Offers claiming to be exempt from registration must meet specific requirements. Specifically, they must be limited to no more than 35 investors who are immediate relatives or friends, current investors in other offers made by the company, persons referred by current investors, and to those with the expertise to make a valid decision. Generally, if an offer is sold via telephone, it is an indication it would not be qualified for exemption under current law. This company also has a business location in Las Vegas, Nevada. For a reliability report, contact BBB Las Vegas at (702) 320-4500 or visit their website at www.vegasbbb.org.