Enigma of enigma software

by certifiedbug on May 21, 2008

in Security

Yahoo Finance: http://biz.yahoo.com/e/080428/engm.ob8-k.html

28-Apr-2008

Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year

AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE OF FISCAL YEAR.

Effective April 22, 2008, Enigma Software Group, Inc. (the “Company”) changed its corporate name from Enigma Software Group, Inc. to City Loan, Inc. The change in corporate name was effected by the merger, pursuant to Section 253 of the Delaware General Corporation Law, of a newly formed, wholly owned subsidiary of the Company into the Company, with the Company continuing as the surviving corporation. The Company’s corporate name, Enigma Software Group, Inc., as the surviving corporation in the merger, was changed to City Loan, Inc. The Company’s certificate of incorporation and bylaws prior to the merger will be the certificate of incorporation and bylaws of the surviving corporation, with such certificate of incorporation and bylaws amended to reflect such corporate name change.

On April 24, 2008, the Company requested a new ticker symbol from NASDAQ and will report the new ticker symbol on an amendment to this current report on Form 8-K after it has been assigned.

Interesting change of corporate name for a software company.

The controversy following Enigma Software goes way back.
Enigma Software, A Mystery?

From VitalSecurity:

/ Addendum: Enigma Software have posted in the comments section, and have stated the following:

“Enigma Software Group USA, LLC bought SpyHunter and the security software business from Enigma Software Group, Inc. Then we all resigned from the company, and the shell of a the business has become something else (City Loan). So yes the name changed but that company is in no way affiliated with the Security Software Business.

None of the employees, officers, directors or shareholders of Enigma Software Group USA, LLC are in any way involved, employed, affiliated or associated with City Loan.”

Thank you for explaining.

{ 9 comments… read them below or add one }

1

Alvin Estevez 05.22.08 at 11:55 am

Since April 15, 2008, the SpyHunter® software business has been conducted by Enigma Software Group USA, LLC, a privately-held company.

On April 14, 2008, control of the publicly-held corporation previously known as Enigma Software Group, Inc. (OTCBB: ENGM) was acquired by its lender, as a result of Enigma Software Group, Inc. (OTCBB: ENGM) being in default on its loan obligations to that lender. Subsequently, Enigma Software Group, Inc. (OTCBB: ENGM) acquired Tool City, which is engaged in the business of providing title and auto pawn loans against the equity in vehicle owner’s cars.

On April 15, 2008, Enigma Software Group, Inc. (OTCBB:ENGM) exited the software business by transferring substantially all of the assets of such business to Enigma Software Group USA, LLC, (a Connecticut limited liability company) owned by former employees of Enigma Software Group, Inc. (OTCBB:ENGM).

Enigma Software Group USA, LLC also assumed substantially all of the liabilities of Enigma Software Group, Inc. (OTCBB:ENGM), excluding the loan obligations and interest due thereon to the former lenders.

Effective April 22, 2008, Enigma Software Group, Inc. (OTCBB:ENGM) changed its corporate name from Enigma Software Group, Inc. to City Loan, Inc (OTCBB: ENGM). On April 24, 2008, City Loan, Inc. (OTCBB: ENGM) requested a new ticker symbol from NASDAQ, which as of this date has not yet been assigned.

In summary, neither Enigma Software Group USA, LLC, (a Connecticut limited liability company) nor its members are in any way affiliated with City Loan, Inc. (OTCBB: ENGM). We are not in the loan business, we are in the software business and SpyHunter® is our principal product.

Please read the following sources for the full story:

http://www.sec.gov/Archives/edgar/data/799511/000135448808000657/enigma8k.htm

http://www.sec.gov/Archives/edgar/data/799511/000135448808000706/enigma8k.htm

http://www.sec.gov/Archives/edgar/data/799511/000114420408028559/v113942_10q.htm

Sincerely,

Alvin Estevez
President & Managing Member
Enigma Software Group USA, LLC

2

Steven Burn 05.22.08 at 1:17 pm

Minor correction Alvin …….. you claim ESG are not affiliated “in any way” with City Loan Inc, yet ESG (whether part or whole), changed it’s corporate name to CLI, thus, ESG IS affiliated, atleast in part, with City Loan Inc. The fact the rogue (sorry, software) side has been split to ESG USA LLC is simply splitting hairs.

“Effective April 22, 2008, Enigma Software Group, Inc. (OTCBB:ENGM) changed its corporate name from Enigma Software Group, Inc. to City Loan, Inc”

Changing name doesn’t remove from the fact it’s ran by Enigma Software Group, irrespective of whether or not it’s still called Enigma Software Group.

3

Enigma Software Group USA, LLC 05.22.08 at 2:33 pm

CIty Loan is not ran by the principles of Enigma Software Group, Inc. We have resigned from Enigma Software Group Inc. The security software business is not Enigma Software Group USA, LLC.

4

Enigma Software Group USA, LLC 05.22.08 at 2:37 pm

correction The security software business is not Enigma Software Group USA, LLC. = The security software business is now Enigma Software Group USA, LLC.

5

Mark Mosley 07.13.08 at 1:24 am

This company and it’s so called “software” are are a sham. My computer was recently inffected by a virus masquerading as antivirus software called antivirus2008. This virus wreaked havoc on my PC and my current anti-virus software (trend micro) which was out of date at the time was unable to remove it. After an exhaustive search on google I was repeated led to believe by several different sources to think this companys software called “spyhunter” was the only solution to the problem. Like an idiot I bought their B.S. program and tried to use it to remove antivirus2008. Not only did it fail to remove the virus, my CPU’s stability was even worse for the effort. Ultimately, I updated my legitimate antivirus software and sucessfully removed the antivirus2008 from my system. TO MY SURPRISE, TREND MICRO DISCOVERED THAT BURIED IN THE SPYHUNTER PROGRAM’S CODE WERE SEVERAL EMBEDDED TROJANS. I now suspect that not only is this a front company for selling useless software, but that they are in fact the originators of the virus my PC was originally infected with (which, incidentally, wanted me to purchase the downloadable removal tool to the virus for the SAME price as the Spyhunter suite sells for). I highly reccomend not doing business with this company and if you have reporting them you whatever govermental body regulates their business practices in your state or country.

6

certifiedbug 07.13.08 at 1:11 pm

Hello Mark Mosley,

There are free anti virus programs to chose from, which would avoid the scenerio of allowing an AV’s protection to lapse.

Programs I Use

If there is a next time you might want to try one of the security forums, short list in the right sidebar.

You would be guided through a cleanup and given useful advice. Such as how to stay clean and program suggestions.

Safe surfing and thank you for your comment.

7

Enigma Software Group USA, LLC 07.21.08 at 10:08 pm

Mr. Mosley,

There is a fine line between freedom of speech and libel defamation, so I strongly recommend prudence on your part. Mr. Mosley, the false allegations you wrote about our company and core product in this open internet forum were completely baseless, irresponsible, and unconscionable. You have every right to say that you’re dissatisfied with our product and/or level of service. We do regret that we were not able to satisfy your needs. However, you are making serious false statements relating to our business practices and our product, SpyHunter.

On your first claim, you stated that Trend Micro discovered buried in the SpyHunter installation several embedded trojan files. Trend Micro is one of our respected competitors, and we are currently in good standing with them. Since you have made such a serious accusation about Trend Micro listing us, we had our engineers confirm your claim. Our findings show that we are not listed on Trend Micro as a virus, or as a program that embeds trojans. In fact, we are not listed at all. In addition, we are not listed on any of the other top competing commercial security software products. Thus, this statement in your comment is erroneous and a complete nonfact.

On your second claim, you state that we are the originators of Antivirus 2008. We have no connection, affiliation with Antivirus 2008, or any other rogue anti-spyware program maker. We are not in the business of creating trojans, malware, or rogue-anti-spyware programs, we are in the business of removing trojans, malware, and rogue anti-spyware programs. We do not embed any software with our installation, and you can confirm this very easily by using an installation monitoring utility and other tools to check if there is any bundled software on SpyHunter installer. You will find that there is none. Again, a nonfact and it is not based on any analytical study of our product.

As a mater of fact, Antivirus 2008 is a rogue anti-spyware program that we are actively tracking and removing its files and signatures. If SpyHunter did not remove Antivirus 2008 on your PC, it is because of the morphic nature of that immediate threat. We are constantly adding updates to our definitions to try to keep track of those changes. Mr. Mosley, your statement associating us with Antivirus 2008 is completely baseless. Our official policy is to track and remove Antivirus 2008 as long as they continue their current business practices.

Sir, were you aware of the fact that we have a service called the “Spyware Heldpesk”, which is included absolutely free with your SpyHunter subscription? Our Spyware Helpdesk technicians create custom fixes for any threats affecting your PC, even if SpyHunter is unable to remove the threats on your PC! Here is how it works: SpyHunter generates a diagnostic report (we refer to as “Support Log”), after it is reviewed by our support center, our technicians generate and transmit a custom fix which will completely remove the parasitic infection on your PC.
Mr. Mosley, rather than spend your time posting defamatory statements on the web, you could have contacted our Technical Support Team, which are available to you as a SpyHunter customer, and were capable of assisting you with your malware removal problems. According to our records, you never attempted to open a trouble ticket with our support group. In fact, many of our other customers were able to receive problem resolution from the very same threat which affected your PC, since they contacted our support center.

If you are dissatisfied with our product, we are prepared to issue you a full refund. Please send us an email with your order number, or the email address you have purchased SpyHunter, so we can issue you a full refund. If you do not provide us with your order number or an email address, we will not be able to locate your account on our database.

Once again, we are sorry that we could not satisfy your needs. Our policy and ultimate goal is to remove all the threats affecting our customer’s PC. Since you did not make an effort to contact our Technical Support Team, we have no way of knowing your situation. In order to help our customers, they have to open a “Customer Support Ticket” for us to be able to find a solution to the specific problem that is affecting their PCs.

Sincerely,
Alec Malaspina
VP, Technical Support
Enigma Software Group USA, LLC

8

Hmmm 08.31.08 at 3:24 am

This all sounds a little suspicious to me…
I have this virus on my computer and Im not willing to purchase what should by any normal standards be free- if there is a product there to be rid of viruses, why make consumers pay on a monthly basis? Yet another reason to have programmers working on a virus so your product will be the remedy…
I would rathre reformat my hard disk thanks very much.

PS. Im not even willing to out my name or email address as a result of this.

9

certifiedbug 08.31.08 at 6:56 am

Hello Hmmm,

While there may be some crossover, anti-virus programs are different applications from ones intended to remove spyware.

Either way there are free applications for both, see:
http://certifiedbug.com/blog/2006/01/25/security-software/

I respectfully disagree with your comment,

what should by any normal standards be free

Whose standards? A security vendor has staff, researchers, analysts etc, who support themselves by being paid for their work.

Of course I am speaking of legitimate vendors and not the ‘rogues‘.

Fortunately there are vendors who do give free versions of their programs!

For those who don’t, a license is given on a per annum basis, not monthly.
Many OEM computers come with security programs pre-installed either on a trial basis or for a year. Once the license is up, one has to pay to renew.

Or remove those programs and install a free one in replacement.

Hope that information helps. :)

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