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Update on Steve Crow and Porn Empire Collapse

Press Release – Society for the Promotion of Community Standards

FOUR of Steve Crow’s porn companies have now gone belly up. The latest of which Steve Crow is the sole director, was placed into liquidation – Eden Media Ltd (Co. No. 1162890) on an application to the High Court at Auckland from one of its creditors, …

The Society for Promotion of Community Standards Inc.
Update on Steve Crow and Porn Empire Collapse

Media Release: 13 July 2009

FOUR of Steve Crow’s porn companies have now gone belly up. The latest of which Steve Crow is the sole director, was placed into liquidation – Eden Media Ltd (Co. No. 1162890) on an application to the High Court at Auckland from one of its creditors, PMP Maxum. Richard Agnew and Vivian Judith Fatupaito of PricewaterhouseCoopers have been appointed by the Court as joint and several liquidators.

Eden Media Ltd was incorporated on 17 September 2001 as Vixen Video Ltd with Crow as the sole director. Its name was changed by Crow to CVC Group Ltd on12 September 2005. On 12 February 2007 he changed its name to Eden Media Ltd. Then on 22 April 2008 he changed it to Vixen TV Ltd then on the same day back to Eden Media Ltd.

The Liquidator’s Report dated 29 June 2009 identifies two companies – Rent Plus Funding Ltd and Vision Rental Ltd – as having “security interests” in Eden Media Ltd. The Report notes that Crow claims that his company was a “shelf company that never traded” and “advised that the entity who is indebted to the petitioning creditor [PMP Maxum] was actually Z4K74D Ltd (In Liquidation) formerly Vixen Direct Ltd.

Again, CVC Group Ltd (Co. No. 18738154), the company of which Crow is one of three directors, owns all the shares of this failed company – Eden Media Ltd, and both CVC Group and it have their registered offices at 45 Stanhope Rd, Elleslie, Auckland. CVC Group owns 100% of the shares of the recently liquidated companies of which Crow is sole director: Erotica Expo Ltd (Malibu Media Ltd) and Vixen Direct Ltd (Z4K74D Ltd).

The New Zealand public and especially the creditors will no doubt be asking: Should Company Director Steve Crow, who currently has four of his companies in liquidation, be allowed by the Companies Office to continue to operate as a company director?

One wonders how many of his creditors that include over 30 kiwi companies and the IRD, will be lining the streets gawking at Crow and his busty bevy of beautiful babes on bikes when he parades his naked ambition along the streets of Auckland in September and New Plymouth in October to advertise his Erotica Expos. It’s Business or Bust for Crow!

ENDS

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