Tag Entertainment... Use CAUTION...
Let me further explain.in 2003 we were approached by Tag Entertainment to invest into a movie production, "Santa Trap" as a Limited Partnership. We did some research and found the company existed, focused on the production of family based films and we thought perhaps a small investment into a family movie production would be worthwhile. Therefore, we invested a small amount of money.
Over time we built, what we thought was a trusting relationship with the sales person, Allen Agler, representing Tag Entertainment. He stated his Christian values aligned with those of TAG Entertainment and used these Christian principles to take advantage of us by winning our trust. (If you run into Allen Agler, go the other direction.) We had numerous conversations and he instilled in us the honest values that Tag Entertainment upheld to also.
After building a trusting relationship with us, and taking our money for one movie, this sales person, Allen Agler, then proceeded to discuss a new film production, "Black Beauty". This sales individual, Allen Agler said that the Travolta Family was going to produce the movie and John Travolta may appear in the movie. This sounded like a favorable movie to partner with, especially if the Travolta's are behind it.
We further conversed regarding the movie, "Black Beauty", and was led to believe the movie was a major motion picture for the big screen. More and more it sounded like a great and credible opportunity for an investment. And, after-all, it appeared that Tag Entertainment had the same moral values that we had, family.
The sales individual, Allen Agler, stated that Lou Pearlman was teaming up with Tag Entertainment. Lou Pearlman is very wealthy and knows the entertainment business giving even more credibility to Tag.
After several weeks of conversation with the sales person we dived in, investing a large sum of money into the movie "Black Beauty".
A few weeks later we learned that the sales person we dealt with had a falling out with Tag Entertainment and left to work elsewhere. This threw up a "Red Flag" for us, what had we gotten into to?
We further checked onto the production of "Santa Trap" and found out that the movie was released even before we made our initial investment. We were led to believe the movie was in the production stage. Apparently it did not do very well and was a "made for TV movie". We were under the impression it was in production for the "Big Screen". A BIG mistake for not digging deeper and relying on the information provided by the sales person.
Since 2003 we contacted Tag several times about "Black Beauty". Apparently there were many delays before production and after production. We recently found out it was a "made for TV movie". Again we were led to believe it was for the "Big Screen". We also discovered the Travolta's had nothing to do with this film and Lou Pearlman's involvement with Tag was with one movie production, not the company.
At the present time we haven't received any returns from our investment nor have received our initial investment. We were recently informed that we will only receive returns after the movie makes money.in 2004 Tag went Public, the stock ticker is TAGE. The performance is shaky and declining.
If you're considering investing into TAG, don't! Now that TAG went public you can see the reports. Upon reading them, I'm sure you will agree that TAG is NOT a worthwhile investment. Keep you hard earned money and place it in a viable investment opportunity.
What happens in the future? We've been approached by other production companies to invest in their movies; however, we learned. We will not invest another penny into a movie production.
I've been in contact with other investors, none of them receiving any return on their investments either, in hopes of recouping our hard earned money.
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