Beautifully engraved certificate from the Crosswalk.com
. This historic document was printed by the Security Columbian United States Banknote Corporation and has an
ornate border around it with a vignette of the company logo. This item has the printed signatures of the Company’s Chief Executive Officer and President and Secretary.
Crosswalk.com, Inc. is an Internet portal company that has developed and operates Crosswalk.com a Website for the online Christian community with a comprehensive array of Christian content. Crosswalk.com averages more than one million visitors per month and more than 40 million Web page and e-mail views per month. Crosswalk.com focuses on the intersection of faith and life, covering a growing spectrum of everyday life within a Christian context. The Company's strategy is to make Crosswalk.com a community portal with deep content and broad information for Christians, not just Christian information, drawing from the broad Christian community offline to an online experience where faith and life meet every day.
The company had a loss of $1,239,893 for the three months ending June 30, 2002 and lost over $29 million from its conception. The company received a Going Concern Opinion from its Auditors and in 2001, Crosswalk.com was dropped from Nasdaq National Market System because the Company's net asset and equity positions were below the stock exchanges listing standards. On Oct 01, 2002 the company announced that on September 25, 2002 it received formal notification that Ernst & Young LLP resigned as the Company’s principal Independent Public Accountants.
The company's stock approached $20 share in 1999 but in 2002 was trading for pennies. According to JesusJournal.com, the company was following the same path as iBelieve.com which went through $30 million worth of venture capital in only nine months before failing in 2000. The company was crucified by the analysts.
In order to stay alive, the company had to make a deal with the devil and sold out for $4.1 million, a fraction of its original investment. On Oct 4, 2002, Salem Communications acquired Crosswalk.com. Combined with the company's very successful OnePlace.com site, Salem is now the preeminent provider of online news, information, teaching resources and community interaction targeted to the religious and family-values audience on the Internet.