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-----Original Message-----
From: Scamalerts@xxxxxxx <Scamalerts@xxxxxxx>
To: futures@xxxxxxx <futures@xxxxxxx>
Cc: Al Buechert (E-mail) <glance@xxxxxxxxxxxxxx>; Allon Shadmi (E-mail)
<trdngsltn@xxxxxxx>; Averill Strasser (E-mail) <mail@xxxxxxxxxxxx>; Bernard
Mitchell (E-mail) <pbsp@xxxxxxxxxxxxx>; Beth King (E-mail)
<bking@xxxxxxxxxxxxxxxx>; Bill Williams (E-mail) <ptg@xxxxxxxxxxx>; Blane A.
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<pbd@xxxxxxxxxxxxxxxx>; CMT Fred G. Schutzman (E-mail)
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<dale@xxxxxxxxx>; Dennis Meyers (E-mail) <meyersx@xxxxxxxxxxxxxxxxxxx>; Doug
Deming (E-mail) <info@xxxxxxxxxxxxxx>; Duane Davis (E-mail)
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<wsin@xxxxxxx>
Date: Sunday, August 09, 1998 4:43 PM
Subject: Unauthorized Omega Solution Provider
>We just want to get the message out so that you can protect yourself from
this
>mental case and distance yourselves from this individual or you may get
>dragged down into his inevitable legal problems. We hope to end Arp's
>malicious conduct, total lack of business ethics, and gross acts of
industrial
>espionage.
>Arps has been notified by several other book authors in the past not to use
>their names when copying their indicators and systems out of books. If you
>remember, Arps copied several indicators out of another book by Ulf Jensen
>(How I Tripled my Money in the Market) and marketed it with a Daniel
Dowling
>and called the system INSIGHT. Arps then traded it for several of Dowling's
>customers acting as a broker and lost everyone's ass in the process.
>
>Below is a letter from Arps to Tom Demark.
>
>
>Jan L. Arps
>Certified Omega Solution Provider
>2036 Colony Raod
>Gibsonville NC 27249
>910-697-7570
>
>April 2, 1997
>
>Mr. Thomas R. Demark
>Phoenix, Arizona
>
>Dear Tom:
>
>I acknowledge your concerns about some of my independent programming
>activities for the Omega Research platform as they relate to some of your
>published concepts. I do not believe that I have been operating unethically
in
>any way up to now with respect to honoring and acknowledging your copyright
>and trademark rights. However, I agree that it is in both of our best
>interests to operate harmoniously and to cooperate in respecting each
others’
>rights and concerns. In this regard, and in consideration of your agreement
>not to pursue any legal action with regard to my past programming and
>marketing efforts, I agree to modify my operations as follows.
>
>I agree to cease any future promotion and sale of DeMark indicators and
will
>refer any inquiries about them to Mr. Duane Davis.
>
>I agree to remove any reference to your name in any of my future marketing,
>advertising or promotional materials and will no longer distribute old
>promotional material that display your name or promotes DeMark indicators.
>Please be advised, however, that there are currently advertisements in the
>process of being published in both May, 1997 issue of Technical Analysis of
>Stocks and Commodities Magazine and in Volume 7 of the Omega Solution
>Providers’ Catalog in which your name appears among the list of authors
whose
>work I have programmed for the Omega platform. With respect to my agreement
>above, "future marketing, advertising and promotional materials" excludes
>these two issues.
>
>I intend to continue offering custom programming services for the Omega
>platform. Occasionally, a client of mine might request custom programming
of
>an indicator or system using (either partially or entirely) concepts
presented
>in a book or article that you have written. In these cases I intend to
perform
>custom programming for this client. I will charge the client a programming
fee
>based on an hourly rate. I will be careful to assign to the indicator or
>system a name that is different from the name you use. I will also give
proper
>credit for the idea by citing the book or article with page number,
publisher
>and date information. I will also make clear that the custom programming is
>entirely based on my interpretation of certain written material without any
>input or approval from the author. After I have completed this type of
custom
>programming project I agree not to promote or resell the completed
programming
>code.
>
>Yours truly,
>
>
>Jan L. Arps
>
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