I am currently getting ready to go into the Vending Business, Bulk machines specifically. While doing my research I came across an ad from Lifestlyle Vending, Owned and Operated by Michael Eisenberg. I called them. Well it did not take long for Mike to put pressure on and bash all the competition. So I said to myself, If he has the confidence in his product and company, why bash? Now I know why, by doing my own research, here's what I found out about Michael, his staff (Ha) and his company.
1) Michael claims to be in the Vending Industry for over 10 years, this is correct, but his company is only around for a few months and the machine he markets, is a cheap piece of metal he purchases from another company tacks on a few bucks and sells to you. Buy Direct.
2) As far as the 10 years in vending goes. He no longer works for one of the largest vending Manufacturers in the US. Why I don't know, but why would you leave a leading manufacturer in the Industry and then bash it. There's more to their parting, I'm still investigating.
3) His Staff, Mike is not Shy, he opens his mouth about everything, the only other live person out of the 50 sales people he has (Ha) is a Maryann. I've spoken with both of them many times, and the only thing they talk about more than bashing the competion, is their praise for each other. Makes you wonder what's going on here?
4) Who is Mike? He told me a little about his past in his pitch, he claimed to own an Investment company. Well here's a report on Michael and his father, found on the site of The Regulatory Intelligence Agency.
Here's the specific copy on the site about Michael.
Leo m. Eisenberg
michael b. Eisenberg
January 1992, Leo and Michael Eisenberg were censured by NASD and permanently barred from associating in any role with any NASD member firm. Both men, together with their firm Monarch Funding Corp., were jointly and severally fined $1.7 million. NASD investigators found they manipulated the market in stock in Tele-Dynamics Inc., a blind pool in which Monarch was sole underwriter.
Separately, Leo Eisenberg pleaded guilty to charges brought by the US Attorney for New Jersey, admitting racketeering, wire fraud, mail fraud, and securities fraud. Bertoli and Cannistraro were charged with racketeering, conspiracy and obstruction of justice, in relation to penny stock fraud schemes involving Leo Eisenberg.
Bottom Line. Do you want to do business with a guy like this? A new company? An extensive staff, that is more into each other than their own business? I don't and won't.
I went with the competition. The Company that taught him the business, the Company that does it right, the Company that asked him to leave.
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