Not surprisingly, more companies in the Bill Express stable had administrators appointed yesterday. Pod TV Pty Ltd, Xip media Pty Ltd, both companies associated with the much lauded in-store advertising screens, both had administrators appointed yesterday.
On April 28, Swish Group (ASX code – SWG) announced a deal to take over management of the Bill Express in-store advertising screeens. The ASX announcement specifically names Bill express Limited subsidiary Xip media Pty Ltd. Curiously, no announcement about this relationship has been made since by SWG to the ASX and newsagents have not heard anything from SWG. In February, Bill Express withdrew the $210 a month it was paying newsagents to compensate for the advertising they were running on the in-store screens.
Mobile EFT Pty Ltd, Mobile EFT Plus Pty Ltd and Cheque2Cash Pty Ltd also had administrators appointed yesterday. These are also companies in the Bill Express stable.
Mi-Systems Pty Ltd, Technology Business Holdings Pty Ltd and Technology Business Systems Pty Ltd appear to be unaffected at the moment by the troubles besetting their associated businesses. As I blogged on June 28, Technology Business Holdings is key to the technology business tree. This company, like so many in the Bill Express mix, appears to be controlled by Sandro di Donato.
I haven’t seen much written about how the fallout from Bill Express will affect Australian Private Networks Pty Ltd (APN) and activ8me, the satellite broadband company. It’s been reported elsewhere that Sandro di Donato is associated with activ9me. The activ8me Web site (www.activ8me.com.au) says that its majority owner is Telecards Asia Pty Ltd (TCA), a wholly owned Australian company. The Web site also says that TCA is part of a private group of companies that employ over 300 staff nationwide. That may be the Bill Express staff. Can someone provide any more information about this topic?
Clearly mobileEFT was trading insolvent and taking my money and probably that of thousands of other small business owners!
I processed a transaction on 13th July 2008 but there was no warning on the mEFT website that administrators had been appointed.
We have been using this service for 5 years and rely on it for accessory sales at the Camping shows only found out when i tried to process a transaction and the number wouldnt even ring rang telstra and was told it had been disconnected as a business we find this totally unaceeptable they took our fees and we were lucky to get our early july transactions we no have nother alternative than a wireless expensive terminal
How do we get paid??
We have used mobile eft for years and had no idea they were in trouble until payments stopped clearing into our account, No warning on website or anything!
Anyone have any info, we would be grateful, cheers.