My Bio

OVERVIEW:

I have always been interested in creative innovation and when opportunities in this area surface, that I believe will benefit industries and people, my energies are passionately concentrated to bring the ideas to commercialization.  I am involved now in areas that will benefit mankind in way that will prove to be truly remarkable.

The downside to quest for new innovation is a lot of arrows in the back from distracters and those that could be affected by disruptive new technology.  I have a few arrows now, and will likely get more, but I will explain the most aggravating one as follows, which is totally without merit.

Internet Comments/Lifewave Overview

I was a founder of a company called Lifewave in 2003 and left in 2006.  I started work on a way to program holographic disc in the fall of 2006 with some very smart scientist that lead to the company that is now marketing holographic disc www.8ight.com.

During the time with Lifewave various people took exception to Lifewave's product claims and to my activities in supporting the claims of the Lifewave products and the inventor David Schmidt.

Six years later Lifewave is still in business dispite the distractors claims the products had no merit and the business would fail.  So the moral to this story is I was telling the truth from the start and the truth still prevails years later as customers still buy Lifewave products on a monthly basis in reportedly 100 countries around the world.

Apparently there is also some concern in the Lifewave camp with the expansion of the 8ight technology, which they apparently feel could cause Lifewave some issues as described below.  It seems a good time to clear up the old Lifewave comments and offer the truth in dealing with the misinformation currently being disseminated.

Comments on the Internet

In 2003 I met David Schmidt and became an initial founder of Lifewave LLC and Lifewave Products LLC.  The activities of these companies have resulted in some negative comments on the internet that are misinformed, misleading, and without merit in regards to me.  The writers of the internet comments simply did not understand the full story of the development of Lifewave and my role in the development as will be shared now.

Most of the posts are associated with my publically speaking on Lifewave's products before we understood some issues, in my opinion, surrounding the Lifewave compensation plan.  The comments do, however, deserve discussion and explanations are addressed here.  Conclusions can be freely drawn with a full understanding of the facts.

General Comment.  Anyone starting a new company with new technology is going to draw the ire of skeptics and those that do not want new technology on the market.  New technology can be disruptive to old technology and anyone choosing this path has to brace for all the attacks.  All you can do is provide the truth and answer the questions and let those that do not want answers just do their thing.

The products I am aware of that Lifewave sold while I was there worked, or I never would have become involved, and Lifewave is still in business years after their projected demise.  The holograms our researchers have created are also alive and well, so time will tell which technology prevails, or if they both do.  I believe both will and signaling technology will continue to open new areas of research.

Internet Comment 1

David Schmidt and Warren Hanchey planned Lifewave while in college together.  When I met David he was mid 40ʼs, and reportedly he went to Pace University and I was late 50ʼs and went to Troy University and I had never heard of Pace University.   Us going to college together and planning Lifewave is obviously not true.

Internet Comment 2

Warren Hanchey sells real estate on the internet in Costa Rica, so is misleading people.  I have been to Costa Rica for many years and lived and worked in Costa Rica for a year and have many friends there.  One friend, who owns a lot of land close to the Four Seasons Resort, asked me to help him show his land on the internet, which I did.

Costa Rica had a booming real estate market until the recent bust in the U.S., so helping a friend show his property as a webmaster does not constitute doing anything wrong to my knowledge and I never charged him a dime.  I did not sell any land in Costa Rica, but it is a great place to live and play and I highly recommend the country.

The reason for the tie in to Costa Rica was simply to draw an analogy that Warren was promoting Lifewave and selling land in Costa Rica, so this was a pattern of misleading people.  Nothing could be further from the truth as explained above.

Internet Comment 3

Warren was fired by Lifewave.  This again could not be further from the truth.  The settlement agreement will be explained below and despite explaining the facts behind my leaving to the writer of this comment he refused to take the comment off his website.

I actually left Lifewave to put as much distance between me and what David Schmidt was selling in regard to the compensation plan as possible.  The financial numbers appeared to be saying to me that it was impossible for the majority of distributors to earn the income that was being advertised and I did not want to be involved in misleading the distributors.  During 2006 with Lifewave I did not do conference calls as I was concerned about the compensation plan and made this known to management.  The concern with the compensation plan also caused the President Mike Collins concern and the top distributors who were doing very well.

The biggest Lifewave critic on the internet that mocked anyone associated with Lifewave was, in hindsight, apparently correct in some of his concerns as will be noted below.

From what I know of David now, he does not appear to have a biology degree as he freely publishes, and he has never had a patient approved for any product and has never sold any product to my knowledge to anyone outside the Lifewave patches.  This is a far cry from the song that is being sung on Lifewave marketing materials.

Lifewave, the true story in summary, and I probably should write a Best Seller.  Everything stated here can be totally verified.  When I met David Schmidt he had no money and was living off his wife’s salary working on his energy patches.  I tried his Energy Enhancer product, found it worked, and felt this could be a product that could help millions of people.  So my intentions and the intentions of the original founders of Lifewave were to help people with a new type non-invasive product.

I brought in the initial Lifewave Products investor, MB, who provided money and a car for David, to allow time to develop some credibility for his products.  Part of MB’s agreement with David was that he would be allowed to own the license for any sleep product that was developed.  MB bought an interest in Lifewave Products LLC in return for the money and car he invested with David.

I initially worked on the credibility of the Energy Enhancer product including going door to door calling on gyms and colleges to gain acceptance for David’s concept.  I have a lot of business experience, a lot of enthusiasm, and I was passionate about bringing out a product line that would make a difference for a lot of people.  I also defended David to everyone that said he was a phony or questioned his integrity and claims for 3 years.  In hindsight, my exuberance may have blinded my objectivity.

Why create an MLM?  We started off with direct sales and then changed to a networking model due to the difficulty of marketing a new product that seemed to us to need explanation person to person.   If you put a product, that is a new concept; on a shelf it would likely have a difficult time selling while the credibility is being built.

The designers of the Lifewave network marketing compensation plan and structure assured the original founders that the plan was fair for all and that the distributors that came in could market the products, help a lot of people, and make a fair income in the process.

I initially started as a distributor and brought in a lot of distributors doing conference calls, speeches, videos, and three way calls. David and the other founders were running the company and outside of the sales area I was out of the Lifewave administrative loop.

Financial Management.  David came to me one day in early 2005 and told me he had big financial problems and needed help in the company to sort things out.  He asked me to give up the down line, which I sold to original founder MB, and become Co-CFO to fix the mess that he had created.

The reason I use the term Co-CFO is due to the fact David always had control of the check writing, bank accounts, financial accounts, and, in fact, I never signed checks, while acting in the Co-CFO position, as all checks were signed by David.  Bookkeeping was handled by David's wife Karen and even getting a copy of the QuickBooks files became an issue.

David basically trusted no one and kept close control on knowing everything that was going on financially and otherwise.  This actually made for cumbersome issues on running the company especially when the corporate office moved to California, leaving the back office in Atlanta.  In hindsight this was also a bright red light in David’s personality that I failed to heed.  Shame on me again.

Long story short I saved the business from collapse by pulling out of the overseas merchant accounts, David had opened, and moved everything to U.S. based accounts just in the nick of time.  Lifewave technically was bankrupt in the late spring of 2005, right out of the starting gates under David’s oversight.

I then salvaged as much as possible from the merchant accounts in Europe that David had buried the company in, and we rebuilt the cash flow from a U.S. based foundation.

In addition, after I left in September of 2006, after turning the management of the merchant accounts back over to David, the merchant accounts I set up were again crashed by David in 2007 with heavy penalties from fraudulent transaction and were reportedly shut down by the bank.

Compensation Plan Issues.  Over the course of the initial years Lifewave grew and did business in a number of countries and things began to change.  It became obvious to me, and some other founders, that the compensation plan and structure were not working in a reasonable way for the distributors.

Lifewave was making money, and some key distributors were making a lot of money, but the vast majority of distributors were coming in, staying a few months, and dropping out because the structure and payments just were not making their investment profitable.

In fact, the dropout rate was 5 times greater than the retention rate at roughly 85%, which was easy to see. For any savvy business person this was a red light that would need to be addressed.  The original founders wanted to address this situation and make appropriate corrections.

I tried to reason with David and some of the key distributors to change the compensation plan and give up some compensation so the distributors coming in could profit and grow the business.

This concept went over like a lead balloon with David and the top distributors and no one would agree to give up a dime to help the distributors coming in.  So I told the key people I could no longer promote Lifewave as a business opportunity and they immediately took me off the conference calls.  Greed is a tough thing to manage.

The reason I had gotten involved, along with the original founders, was to create a company to help people with good products.  Lifewave seem to me to have evolved into just a ponzi pyramid scheme buy 2006.

Ponzi Pyramid Scheme.  If sales are being made in a company doing multi-level marketing, and the reason for the sales is to commission out other people, with the product taking a secondary role, then the pyramid definition seems to fit if the drop out rate is high.

Other indications of this would be that if downlines are manipulated for upline benefit, distributors are cut off without notice, and policies and procedures are changed to further the goals of management a pyramid scheme would seem to be the result.  

Making money and not helping people had become the primary intention of Lifewave, so all the original founders left except one.  Also a number of brilliant researchers left as they found out David was only interested in using their credibility and had no interest in their knowledge.  This was really a shame, totally unfair, and absolutely foolish, in my view.

Intention. This was a critical matter in that changing the intention of the programer, David, actually appeared to caused the patches to be less effective.  If the intention was positive in regards to helping benefit the distributor the patches worked fine. If the intention was just to get money from the distributor the patches did not work as well.  I know this is a wild concept for some but we saw this appear to happen.

Use em and abuse em.  The pattern David uses is clear in managing his relationships.  His wife supported him with her salary to allow him to develop his patches and he divorced her as soon as the money started flowing.

Anyone that came up with a great idea would become David’s idea overnight.  The smart guys came in and soon left as David used them to build credibility and then cut them off because only David can be the seat of all knowledge.

KG, an original founder, was cut out of Lifewave Products after putting up money to start the company.  David and his attorneys even went so far as to reform the company to achieve their objectives.  After two years of litigation a settlement was reached. 

SS was dismissed by David and cut out of the down line and fought for two years to get a settlement.  MD, was cut out of the down line and fought for two years to get a settlement.  BG, an original founder, left and finally got a settlement in a couple of years.  RM, an original founder, left and gave his stock to David for $1.00 to distance himself and never got his dollar.

MB funded Lifewave Products to get things started and David cut MB out of the down line. Along with anyone else that caused him concern.  David took away MB’s license for Rest Quiet, the Lifewave sleep product, after stopping his royalty payments and then disconnected his down line, so he would not get commissions.  Now apparently Lifewave has a different name for its sleep product.  This will likely be another legal matter for Lifewave at some stage.

Anyone else’s down lines that David wants to cut off, he just clicks a button and the funds bypass the distributors and go directly to Lifewave. 

In defense of my position it is apparent, like everyone of conscious with Lifewave, that my excitement with the product blinded me to some obvious weaknesses with the owner.  I sold my interest in Lifewave LLC and Lifewave Products LLC in August of 2006 and with my leaving all the original founders, but one had left.

The payments being made on my settlement agreement were reneged on in May of 2007 when David became fearful of holographic products we were developing, in a totally different way, that were more advanced than the Lifewave’s patches.

In fact, when I went by to pick up my settlement check prior to the payments being stopped I left samples of our 8ight Holographic Slim weight loss disc with David, so he knew what we were doing.  I just wanted him to know before rolling out our products, so this would not be a surprise to him.

David had told me on numerous occasions that he did not fear anyone’s products; remember David is the source of all knowledge, so nothing to fear, right. By the next month David had stopped my settlement agreement payments and announced Lifewave’s new weight loss product.  He apparently copied our information, not our programming, to which he had no access, to get his own product on the market in a hurry, what a hoot, but not a surprise.

If David was in this much shock about Slim, he is likely in major paranoia with all the www.8ight.com products rolling out now.  Likely he will say or do anything, or concoct any lie, in trying to stop our technology, which could collapse his pyramid.

Nothing is beyond what David will stoop to from what I now understand about him, in holding on to his money tree.  He tries to find ways of getting rid of everyone that helps him along the way by the examples shown above and there are more.  We have some other schemes that many investors are dealing with now that resemble this same pattern, so in my humble opinion there is a lot of risk here.

So now you have the rest of the story.  Lifewave was a tremendous experience for me personally and a shame that credibility could not be maintained.  I put everything I could into rolling out the Lifewave technology and I felt I would spend the rest of my business life helping Lifewave grow worldwide.

Little did I know that Lifewave would just be a stop along the way and my dream of products that help people is alive and well and www.8ight.com is growing with rave reviews.

8ight LLC has loads of science and credible people involved in the process, including some of those run off by Lifewave.  We appreciate the contributions of others, that have been freely offered, and that have made a tremendous influence on our technology.

Understanding the quantum field in developing holographic programming is leading to many new products that are in development in other companies and I am sure the arrows will be flowing freely as the shock of those new innovations come streaming out.  This is just a part of the process of helping change the world.

Warren Hanchey, warren@hanchey.com