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Headstring News
Trudeau Seeks Moral Support in Latest Letter
Jan 26, 2007, 9:38 AM
At 2:53 p.m. on Jan. 25, International Pool Tour founder Kevin Trudeau released another e-mail to players who are still waiting on the remaining 67 percent of their payouts from the World Open 8-Ball Championship, held in September 2006.
In the latest e-mail, Trudeau promised that the rest of the prize fund would be paid out in monthly installments, starting March 1, and expressed his intention to have paid everyone off in full in six month's time. Trudeau also confirmed his earlier claim that players who entered qualifiers on the promise of a full 2007 season, will be paid back if the season is abbreviated.
In addition, Trudeau asked for responses from players, an IPT-correspondence first, wondering if they support him personally and professionally.
The full text of the e-mail is included below:
Dear IPT Players & Entrants of the 2007 Tour Card Qualifiers,
The IPT 2007 Season has still not been determined. We are still in the process of revamping our business model based on the unforeseen legislation outlawing on-line gaming in the United States. Without our major online
casino sponsor, the IPT must undergo a substantial change to its business model. I would like to see the IPT make a strong comeback from this dramatic setback that we have had to deal with. The most important updates are as follows:
• Players from the 2006 World Open will continue to be paid monthly until you are paid in full. Payments will be made on the first of each month. No payment will be made February 1st. The next payment will be March 1st, 2007. The amount of each payment will be determined each month and may vary from time to time. It is our full intention to get everyone paid in full within the next six months.
• As I mentioned previously, for all those who entered 2007 Tour Card qualification tournaments, if we are not capable of fulfilling our commitments relating to the 2007 Tour, you will be refunded your enrollment fee. We plan on making an announcement on April 15, outlining the 2007 & 2008 seasons.
Thank you for your patience and understanding as we deal with these challenging and unavoidable market-condition situations.
I do have a request for everyone receiving this email. I love the game of pool and I am very much committed to continuing to invest my own money and time to making the IPT a successful reality for many years to come. I need to know if you, the players, want the IPT to flourish. I need to know if I have your support. If you, the players, could care less if the IPT continues operating, and if you, the players do not support me in this endeavor, then it would be foolish of me to continue pursuing this tour. Therefore, I request that you respond to this email letting me know if you want this tour to exist and if you support me personally.
I hope that together we can build a successful tour. Thank you again for all of your encouragement, support, and patience up until this point.
Very truly yours,
Kevin Trudeau
Founder, IPT
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