The models, known as efoxes, must be between 18 and 35, must provide all of their own wardrobes and effects, must work for hire as independent contractors, must give Efox all rights to nude and semi-nude photographs created with Efox, must agree not to pose for any other online website, and must give up any right to sue Efox.
In exchange for this, Efox will pay its models with 500 shares of Efox stock.
Hank Leland lelandh at seiu.org
Doug Henwood wrote:
> Ok, they've even got a prospectus up on the SEC Edgar site, at
> <http://www.sec.gov/Archives/edgar/data/1079875/0000950133-99-000680.txt>.
> The offering is tentatively scheduled for April.
>
> An excerpt:
>
> "Efox.net, Inc. is a recently organized Delaware corporation which
> will engage in the adult entertainment industry. The Company was
> incorporated on
> January 22, 1999 in Delaware. More Specifically, the Company was organized for
> the purpose of creating, launching and developing the premiere online and
> "offline" men's entertainment destination featuring what the Company believes
> are some of the most beautiful women in the world. The Company, its management
> believes, will tastefully package heterosexual men's favorite pursuits: Ladies,
> Automobiles, Sports and Stocks (what it calls the "LASS" factor for its
> male-centric content). Its par value $ .001 Shares are expected to be listed on
> the NASDAQ National Market System 6 to 18 months after the Offering commences.
> Even after the Continuous Offering Period ends, there is no assurance the
> Company will satisfy then current pertinent listing standards or, if successful
> in getting listed, avoid later delisting. (See "Risk Factors -- No Market For
> The Company's Shares")"
>
> The risk factors, just a few pages down from that excerpt, ar particularly
> hilarious for this hilarious genre.
>
> Doug