HCO WORLDWIDE

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Definitions

there are three types of HCO Office. The first is HCO Worldwide and that actually is HCO Ltd., a British registered company. Now all copyrights, trademarks, rights of materials and everything else are assigned over to HCO Ltd. So they are mine but are given to, for use, HCO Ltd. Now HCO Worldwide is located in London. London is the only organization which has a three-stack office. It has HCO Worldwide, HCO Continental, HCO London. Worldwide takes care of the central summary of all organizations which are enfranchised, files their financial reports, gets the final summary on all legal actions that have been taken and sums it all up, in other words. HCO Worldwide issues a franchise to a Central Organization. That franchise is the thing which gives them the right to materials, the use of trademarks, it gives them the use of copyrights, it gives them several services and rights. Now for that they pay 10% of the gross. Now here's what we have essentially. We have a Worldwide organization called Hubbard Communications Office which holds all of the copyrights all around the world, all of the trademarks and everything else. Now this organization enfranchises local organizations. It tells them they can operate and if they do not have a franchise in good standing they cannot operate. (5812C29)