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)