Originally Posted By: demarpaint
Originally Posted By: racetek27
Originally Posted By: demarpaint
Why did they have to pay out a $1,000,000 if the product was all it claims to be?
Oil Chem's goal was to conduct the necessary ASTM/SAE testing to prove their performance claims, which they did.
The 1 million payout to users, pre Janurary 2001 was something the FTC requested.
What people are not aware of is the same people that were offered money out of the requested funds at the conclusion of the case were also offered a full 30 day money back guarantee back when they originally purchased the product ??????
From what I remember, you could basically count the number of money back guarantee requests on one hand .
The FTC requested it for good reason I'm sure. As far as money back guarantees it is something companies offer and payout very little on, it's a sales tool. Some companies offer them and then give the customer a hard way to go when it comes time to make good.
If the members I listed above chime in and think this is a product with merit, I'll look into it more. For now I have my doubts. I've tried several products mentioned here on Bitog, and have a short list of what I call good additives. I got burnt once for doing my homework too fast, and second guessing myself. My first impressions are usually spot on.
If you can get me one of those members that are not affiliated with an additive or oil company and can provide an unbiased technical opinion for the members, I'll have them contact our oil/tribologist Maurice LePera.
Mr LePera was our expert witness on the FTC case and actually worked for the FTC against several additive companies, so he's been on both sides of the street.
Mr LePera requested that before he would represent zMax, the product had to prove that it soaked into metal which it successfully did.
When we're finished,you'll understand the product to a much higher degree.
Thanks
Ed
Originally Posted By: racetek27
Originally Posted By: demarpaint
Why did they have to pay out a $1,000,000 if the product was all it claims to be?
Oil Chem's goal was to conduct the necessary ASTM/SAE testing to prove their performance claims, which they did.
The 1 million payout to users, pre Janurary 2001 was something the FTC requested.
What people are not aware of is the same people that were offered money out of the requested funds at the conclusion of the case were also offered a full 30 day money back guarantee back when they originally purchased the product ??????
From what I remember, you could basically count the number of money back guarantee requests on one hand .
The FTC requested it for good reason I'm sure. As far as money back guarantees it is something companies offer and payout very little on, it's a sales tool. Some companies offer them and then give the customer a hard way to go when it comes time to make good.
If the members I listed above chime in and think this is a product with merit, I'll look into it more. For now I have my doubts. I've tried several products mentioned here on Bitog, and have a short list of what I call good additives. I got burnt once for doing my homework too fast, and second guessing myself. My first impressions are usually spot on.
If you can get me one of those members that are not affiliated with an additive or oil company and can provide an unbiased technical opinion for the members, I'll have them contact our oil/tribologist Maurice LePera.
Mr LePera was our expert witness on the FTC case and actually worked for the FTC against several additive companies, so he's been on both sides of the street.
Mr LePera requested that before he would represent zMax, the product had to prove that it soaked into metal which it successfully did.
When we're finished,you'll understand the product to a much higher degree.
Thanks
Ed