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To Tony Robbins, success is a matter of "Awakening the Giant Within." In
this case, that giant is worth a ton of cash. The broad-jawed
spokesman for self-esteem pulls in more than $80 million from sales
of books, tapes and seminars annually. And now, he's self-helping
his way into the dot.com craze. Trading on little more than name and
charisma, the 39-year-old has become chairman and majority owner of
a publicly traded Net company whose value now exceeds $480 million.
"We are developing the eBay of personal and professional
empowerment," says Robbins. The new company, GHS Inc., has no
revenues from Net operations. As of September 1999, it did not have
a Website. In fact, the company had existed only as an obscure
provider of medical services. Now, through what is known as a
reverse merger, the company is giving Robbins access to
publicly traded stock without the time-consuming, expensive, and
disclosure -intensive process of an initial public
offering. Since May 1999, when Wall Street got word that Robbins
was coming aboard and GHS would be recreated as a dot.com, the
company's stock soared from $.75 to $12. This gave the broker who
organized the deal a $48 million dollar paper gain on their original
investment. Robbins, who put in no cash, has a stake worth $276
million. The increased value of GHS stock will enable the group
to purchase additional assets. They recently acquired the rights to
SanFrancisco-based "The Learning Access" which has more than 700
not-for-credit courses. Excerpt from Business Week
Magazine Sept. 13, 1999 Pg. 48 By
Kathleen Morris
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