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Is Surplus Masters still in business?

4 posts

  1. ashkan

    Joined: June 2006
    Posts: 1

    Hi,

    I have been trying to get in touch with Surplus Masters but I haven't had any luck.

    Does anyone know what is going on?

    Thanks
    Ashkan
    Posted 3 years ago  |  Login or Register to Reply

  2. closeoutinfo

    Joined: April 2006
    Posts: 2

    Surplusmasters have closed down and reopened under Surpluspenny. They are trying to get out of bad debt.
    Posted 3 years ago  |  Login or Register to Reply

  3. alstrac

    Joined: September 2004
    Posts: 12

    STAY AWAY FROM THEM!

    THEY OWE ME OVER $5000 on April 28, 2006 I got this email from them:

    We just wanted to update you on the situation with remaining refund amount. As a result of fraud Surplus Masters has suffered considerable losses, and is unable to immediately refund, or provide you with the goods that were expected to be received.

    After consulting with our attorney rather than dissolving Surplus Masters and seeking bankruptcy protection, our company intends to pay the funds out of pocket. Surplus Masters has little, if any assets that will provide you with any relief if it is forced into bankruptcy.

    In its present status, Surplus Masters is able to make progress payments over twelve (12) months starting July 1, 2006 in the amount of three hundred twenty dollars and eighty three cents ($320.83) each month until paid in full.

    If you must pay any interest rate fees on the money we owe you, please, contact us and we’ll try our best in given situation to cover these expenses as well.



    Unfortunately, this is all that we can offer at the moment considering our financial state. Please, let us know.

    Thank you,

    Sincerely,

    Helen


    Today I asked them why I hadn't received the payment and got this reply:

    Hello (NAME DELETED),
    Unfortunately, due to financial difficulties Surplus Masters has been
    dissolved as organization and went out of business. As much as we'd love to
    take care of unpaid balances we could not do it any longer.
    Thanks,
    Helen
    Posted 3 years ago  |  Login or Register to Reply

  4. alstrac

    Joined: September 2004
    Posts: 12

    Received email from Robert, hope they are trying to make good and not just another delay tactic:

    Hello,
    we are awaiting about 4-5 more costumers to email & then will set up new payment plans that will be small but will have a limit of 1 year for all to be paid out.It may be sooner or it may take longer but the limmit is one year.
    The reason we are doing that is because it will be out of my name & will give you something to catch on to .
    We could use all the help we can get even if the people we are responding to can just say the weel are in motion.

    Email me in another 48 hours again if you donto mind so i camn give you an update on when the paym,ent plan will go out & after that we will explain the payment plan & send it out by registered mail to be signed & returned with one copy for you & one copy for our lawyers.
    We just did not expect that we would have to close SM.com if not we would keep our promiss & get you paid back since you gave us some much needed slack!

    any positive words on forum would be greatly apriciated as it will only help us pay back faster ,we just need people to post that we are in contact & working with you , if not i simply apriciate you giving us another chance!
    Good stuff all around!!!
    Robert.
    Posted 3 years ago  |  Login or Register to Reply

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