INVERSTOR WARNING FOR ALL COIN OPERATED AMUSEMENT MACHINES !
Over the past few decades there have been a number of individuals/companies, promoting investment schemes in the coin operated amusement machine industry, promising attractive returns for little or no work.
Promoters usually promise to site and manage machines and send the investor regular returns. In almost all cases the promoters of these schemes do not live up to their promises or projections and invariably GO BUST, leaving the investors to pick up the pieces, and in most cases sustain considerable LOSSES.
It is always wise to seek sound advice from other experienced operators in the industry if an offer sounds“TOO GOOD TO BE TRUE”.
For further details you can contact the
NATIONAL AMUSEMENT MACHINE OPERATORS ASSOCIATION www.namoa.com.au
CHECKLIST SHOULD INCLUDE:
# Has depreciation been brought to account when calculating investment returns?
# Ask for References from 3 - 6 investors that can be independently verified.
# Keep copies of all advertising material particularly related to claimed investment returns;
# Request written guarantees in respect to minimum returns on investment.
# The managing company must provide the location of all machines at any times.
NATIONAL AMUSEMENT MACHINE OPERATORS ASSOCIATION
The National Amusement Machine Operators Association is an organisation dedicated to helping Machine Operators throughout Australia.
The NAMOA is an association consisting of predominantly self-employed, independent business people, engaged in the operation of all types of coin-operated amusement machine equipment.
A Board of Directors, nominated by members from the membership base, is elected annually to manage the objects of the Association.