Plaswall Scam — Plaswall Franchise Fraud
Mark Taylor, CEO of Sterling Construction and Development Corporation Swindles United States Master Franchisee out of More than $750, 000 in Fees and Commissions
Plaswall Concrete Form System Franchise Program Bilks Investor
(Alabaster, Ala., July 13, 2012) ----- After making a heavy investment into what looked like a promising franchise opportunity, Steven Schurmann was recently swindled out of a significant amount of his initial investment and commission fees. Plaswall Concrete Form System Franchisor Mark Taylor, CEO of Sterling Construction and Development Corporation, a company based in Manila, Philippines, promises a legitimate franchise with great potential for its franchisees.
In addition, Sterling Construction and Development claims that the franchise product itself "has created revolutionary solutions for every challenge in whole building construction." Yet, former Master Franchisee for USA Steven Schurmann insists that the claims about its product are unfounded and that the entire operation is a shady enterprise preying on franchisees and customers alike.
When Schurmann first heard about the Plaswall Concrete Form System franchise opportunity, he visited a Plaswall factory in the Philippines and then made the decision to purchase the rights as Master Franchisee for the United States in November 2010 under a $1.5 million contract with a $150, 000 down payment. This allowed him to be the sole franchisee to market the panel building products throughout the United States. What at first looked like a hopeful enterprise became a financial disaster for Schurmann. He received the components of his Plaswall Manufacturing Plant in a 40-foot container without any supporting materials and was then left on his own without any training and zero phone support. "When I asked for support and assistance as promised in the contract, " says Schurmann, "the CEO simply responded by saying he was not my babysitter and that I needed to take care of my own business."
Schurmann operated his franchise under the name of Plaswall Manufacturing & Development Inc. and spent an additional $200, 000 in startup costs. In spite of working hard to recruit a team of agents and then generating over $1.7 million in business transactions for Mark Taylor in a very short amount of time, Schurmann insists that the franchisor failed to provide the promised support to his franchise operations and that Taylor then began threatening to revoke his franchise. Later, Schurmann realized that the franchisor was assisting a Nigerian franchisee to launder money. In addition, Schurmann soon came to believe that the product itself was of inferior quality contrary to the "high standards of quality" claim in the franchise contract. Already beginning to get suspicious, Schurmann further learned that the franchise rights he purchased were for a product that was not patented or trademarked in the United States. Schurmann resigned as Master Franchisee for the USA in July 2011 and never received hundreds of thousands of dollars in contracted commissions still owed by the franchisor.
Though Schurmann has filed complaints with various government agencies, his money has not been returned and the Plaswall Concrete Form System franchise program continues to operate with franchises at a variety of locations all across the world, including the United States, the United Kingdom, India, Mexico, Nigeria, Africa, Australia, Ireland, Dubai, Trinidad, and many other locations. What is most disturbing is the fact that the new Plaswall representative for USA, Richard Waters, is using more than 7 fake ID’s on LinkedIn to promote their shady Plaswall business in USA.
For more information, or to schedule an interview, please contact:
Steven Schurmann, CEO, PowerConcrete® Building Technologies Inc., 525 Galloway Circle, Alabaster, Alabama 35007, [protected]@powerconcrete.us, [protected].