Press Release: Directors of First Solution Branches
Apologies for not updating this blog for the last few days but I have been really busy with a family wedding happening tomorrow.
Anyway, I received this in my inbox, it’s a Press Release from the Directors of First Solution Branches. I have not been able to verify its authenticity yet but publishing it for your information. This might be what poster Hope was referring to.
PRESS RELEASE: Directors of First Solution Branches
Since the sudden closure of First Solution Money Transfer Ltd. on 28th June 2007 followed by strong media coverage, there have been severe concerns and adverse reactions within all sections n the Bangladeshi community.
The Directors of First Solution Branches who acted as the collection point for First Solution Money Transfer Ltd. are actively involved with their local community and hold respectable positions. Therefore, all the branch directors got together, consulted with various community leaders and came to a consensus that a solution must be found to resolve this situation, stand beside the victims and restore the confidence of people.
In this respect a suitable rescue package of First Solution Money Transfer Ltd. is being considered and legal professionals have been appointed to identify the barriers and its remedy. It is expected that a plan will be announced very shortly through a press conference stating the details of how and when the creditors will get their remittances processed again.
We, the Branch Directors, out of our moral and social obligations have been working relentlessly for the last 5 weeks and already raised some fund. We are constantly working towards raising more funds and have been engaged in discussions with various investors who have evaluated investment opportunity in the company and are also seeking potential investors. By the grace of Almighty, we shall be successful in our efforts and ensure that that all creditors receive their payment and restore the confidence of people in the money transfer industry. We are confident that we shall achieve our goal after all the logistic requirements are fulfilled.
We are appealing to all other Branch Directors and Agent who have not yet joined us, to come forward considering the victims. We are also requesting all community leaders and businesses that have been making positive contributions in finding a suitable solution to this unfortunate situation to also support our initiative.
Branches who took this initiative are:
Aston (Birmingham), Small Heath (Birmingham), Bradford, Bristol, Burnley, Coventry, Edinburgh, Leicester, Kings Cross (London), Drummond Street (London), Manor Park (London), Turnpike Lane (London), Luton, Newcastle, Oldham, Portsmouth, Southampton, St. Albans, Walsall, Hyde, Liverpool.
Agents and Branch Directors are requested to contact 0844 884 8774 or e-mail firstsolution.recovery@yahoo.co.uk for further details.
~ END ~
Notes to the editor:
The above named Agents and Branch Directors are investing their own funds as investment to purchase the company from the Official Receiver. This cash will be introduced into the company to pay the creditors and for operational costs.
The new owners will put in place the necessary infrastructure, systems and measures maintain a strong position in the market.
August 12th, 2007 at 9:38 am
please give us some feed back.
August 13th, 2007 at 10:33 am
Hmmm same old same old! Lots of promises yet nothing to show yet. I think the directors should feel ashamed if the government or the Sir William Beveridge Fund have to step in. So much for being respectable members of the community, if you don’t know how to run a business, don’t bother.
August 13th, 2007 at 5:36 pm
foyzur bhai,
is your post for the directors who failed the business or the guys that are trying to put togeather this package for the victims.
as the alernative option for is that these guys can also join us at altab ali park and rally till our feets hurt, then go home and sulk. these rally’s did not acheive any money for any one.
also please spare a few pennies and phone the william bevridge fund to ask them how much they have raised. Then only then you might be able to deciced which is the best options for the victims. As i am only concerned about getting my money not really bothered who gets it for me….
August 13th, 2007 at 8:48 pm
I am realy greatful to those branch directors, at least they are trying their best, inthis situation we should encourage them. Out of kindness of their heart they are trying to help the Bangladeshi community. Insha-Allah I have some hope of getting my money back.
August 14th, 2007 at 2:24 pm
Hope,
I understand you wish to claim your money back and that is the priority. All I am saying is that FS should have done something by now. I am certain that the agents who have joined this inititative are doing so because they are good people (my branch is one of the agents involved) but I don’t want it to turn in to a publicity stunt for the media in the sense that FS take the credit when it’s the Agents themselves that are putting their money in. The same agents that Dr Fraud claimed had been less than honest, it’s just hypocrisy on their part. Fair play to the agents.
August 16th, 2007 at 4:30 pm
We would like to take this oppertunity to say thank you to those who have already expressed their appreciation.
We know there are many other people who feel likewise but have not yet expressed it.
we the the branches are attempting this very bold step for the sake of our community. All of us are businessmen and we have calculated our risk.
we just need the Goverment Officals to see what we see, to feel what we feel.
How ever we do not wish to make this a publicity stunt, as most agents are very trust worthey people with in their own communities and publicity stunts will not earn them anymore respect than they all ready have.