Veteran entrepreneur Peter J. Burns III is turning a unique relationship with the Vietnam-based HI-TEK company into an opportunity for investors to help ship Personal Protective Equipment (PPE) from Vietnam to the United States.
For four decades, Peter J. Burns III, now based in Southern California, has started up, expanded or partnered with more than 150 businesses all over the globe. The serial entrepreneur has worked with HI-TEK in a variety of business capacities in the past, especially in the travel industry.
“We’ve had a great, exclusive relationship with Thomas Johnson of HI-TEK, and this business opportunity with PPE is an extension of that,” Burns says.
Johnson is chairman and CEO of HI-TEK, a company he co-founded 25 years ago. He has actively provided technical guidance for online search technology, internet advertising, social networking, tracking and optimizing performance metrics, blockchain technology and e-commerce for the global travel and tourism market.
Recently, the HI-TEK software development team and their strategic global technology partners have produced numerous proprietary e-commerce and mobile travel booking applications that accept digital Travel tokens (HI-TEKCOIN) as a form of crypto payment.
HI-TEK and PPE
For decades, HI-TEK has been an authorized business partner with a unique relationship to the Vietnamese government. The company developed the first internet (.vn) domain registration platform in 2003, online travel booking engine in 2005, and secured visa registration software in 2018.
The company has been recognized by the Vietnam government for significant contributions to the country’s economy.
Working closely with the Vietnamese Ministry of Trade, HI-TEK has produced an online database of all Vietnamese businesses. That allows for direct access to major manufacturers, factories, and business owners.
HI-TEK has worked with the Vietnam government to create partnerships with PPE glove factories and to ensure reliable delivery of quality Nitrile glove products to clients worldwide.
Johnson’s company arranged a meeting between the Ministry of Trade and the top five glove manufacturers, and the result was production of extra PPE to support the high demand in the United States’ hospitals and medical clinics.
Vietnam, incidentally, has been a COVID-19 success story, having recorded relatively few cases and zero deaths, according to a BBC report.
HI-TEK and Peter J. Burns III
Peter J. Burns III is combining his exclusive relationship with HI-TEK and Burns Funding, his “customized-funding-solutions” company that offers primary credit lines, bridge loans and shelf corporations.
“This is an amazing opportunity that is available because of the relationship I have with Thomas Johnson,” Burns says. “HI-TEK has a direct pipeline to manufacturing in Vietnam. And Vietnam has been working for years to be an alternative to China. Vietnam also has better quality that China and is less expensive.”
Several VA hospitals in the United States and many doctors’ offices and nursing homes have already received these highly needed nitrile gloves. This is a unique opportunity to successfully invest in PPE while providing life-saving equipment to our frontline healthcare professionals.
For more information or to see if you’re qualified to acquire a loan from Burns Funding and participate in this Global PPE Distribution Network, go to burnsfunding.com or send an email here.
According to researchers, climate change is a major force in creating more interactions between humans and sharks—but entrepreneur Peter J. Burns III says he’s got a creative and effective idea to keep beaches safer for people who want to recreate in oceans and coastal areas.
Climate change is heating waters along the equator, pushing aquatic creatures poleward, according to the National Oceanic and Atmospheric Administration (NOAA). As sharks seek cooler waters they increasingly come into contact with surfers and beachgoers. They’re flocking to subtropical coastlines in record numbers.
Changes in habitat have been shown to provoke changes in behavior—and one bite provokes significant response in the media. Peter J. Burns III’s Orca Project aims to help curb that response—and more importantly, to keep coastal regions safe for swimmers.
What is the Orca Project?
When shark attacks occur or sharks are sighted in local waters, both tourists as well as locals are scared away from the beach. In coastal towns, beach tourism is a key component of the economy. If the amount of foot traffic is affected coastal businesses and communities suffer.
If sharks are a detriment to life, limb and local tourism, turns out killer whales can be the savior. Yes, Orcas. They don’t attack humans in the wild—but they do find sharks to be delicious.
No, you can’t hire an Orca to guard your beach.
However, a startling trend has been observed in which numerous mutilated carcasses of great white sharks have been washing up on the shores of beaches of South Africa. After observing the size of the bite marks on the shark, scientists have determined that the predator responsible for preying on the great whites is the Orca.
Other scientific studies have pointed to the notion that the sight or sound of Orcas in the area sends sharks scurrying away—sometimes for up to a year.
Peter J. Burns III believes that local beach communities could alleviate shark problems by synthesizing the smell or sound of Orcas and “broadcasting” it in ocean waters. This would theoretically create a natural “shark repellent” that could divert sharks away for months.
To that end, Peter J. Burns III has been actively reaching out to the Orca Conservatory to get them involved in this project.
“We can learn a lot from researching Orcas, who are not known to harm people and are in need of conservation,” Burns says. “When orcas enter an area, sharks will leave and do not return for months. Additional focused research efforts into the biological manner by which Orcas frighten sharks can help save human lives. Once we know more about the sounds, pheromones, and other signals which orcas give, we can use that information to protect people.”
Significant Numbers of Shark Attacks
Serial entrepreneur Peter J. Burns III would fit right in on the TV show Shark Tank. Over the course of a 40-year career, he’s started more than 150 businesses. However, the Southern California resident is the first to admit that hanging out in the ocean with real sharks is not his ideal place to be.
He’s not alone. And like a true entrepreneur, Peter J. Burns III wants to turn his distaste for shark-infested shorelines into a business opportunity. Hence, his drive to create interest in The Orca Project.
In recorded history, United States beaches have been the scene of 1,441 shark attacks—more than any country in the world. Now, a gruesome shark death (like in the Jaws movies) isn’t exactly common, but there definitely are places where you should be on guard.
The file being maintained in Florida is fitting. The state’s Volusia County has been dubbed the shark bite capital of the world. Since 1882, Volusia has recorded 303 shark attacks. The region had the highest number of annual shark-bite incidents in 2016-18.
Other spots you’ll want to avoid if you don’t like your odds in the water against sharks include: New South Wales (Australia), the Eastern Cape of South Africa, Maui, Pernambuco (Brazil), Reunion Island (Western Indian Ocean) and Charleston, South Carolina.
Don’t look for Peter J. Burns III out in the water in any of those spots. But do take a look at his Orca Project plan to combat against shark-infested waters. And for more information about The Orca Project, reach out to Peter J. Burns III on his website.
Essentially, all businesses are about 80 percent the same, according to serial entrepreneur Peter J. Burns III. To that regard, he’s willing to work on a wide variety of projects with other would-be entrepreneurs—including millennials—as long he deems future partners to be “best in class.”
He says it really doesn’t matter what the industry may be. “If there is a profit in it, the project interests me and I am impressed with the candidate—I’ll take the shot,” says Burns, who is based in Southern California and has helped create more than 150 businesses in a four-decade-plus career.
A Unique Start-Up Method
Peter J. Burns III has identified a unique solution for savvy millennials who see the benefit of being their own bosses (and setting up the proper paperwork to do this) rather than serve as employees: Make yourself a small company.
It’s a scenario he envisions for sharp young people who want to work in his world.
Rather than hire a person as an employee, Peter J. Burns III says there are multiple benefits to an individual incorporating themselves. What’s involved? An individual gets the necessary EIN number, bank account, and business license to establish a consulting business in their specialty field.
“The consulting business would then contract with the small business/person for this service,” Burns says.
“No catches, no hoops to jump through,” Burns says. “It would function as any other business-to-business interaction would, and nobody is faced with the difficult task of categorizing a worker as an independent contractor or full-timer.”
It’s a completely legal process and within all IRS rules, regulations and guidelines.
The Benefits of Creating Your Own Business
The primary benefit is that it is a simple transaction between business to newly created business. There’s no red tape of reporting and withholding taxes, or with social security and healthcare. It streamlines the relationship between the employer and employee into a very efficient business model.
This model is an example for a would-be millennial entrepreneur to start up a business and pay themselves for work. It’s a simple exchange of services for money for an actual service performed.
“You agree on a payment amount, service is rendered, you pay it and it’s a straight deal,” Burns says. “I don’t see the negatives in this…except the IRS can’t grab a bunch of money from people and there’s no way to actually screw the individual or the company if you use my process. I can’t see any negatives, honestly.”
Peter J. Burns III and young entrepreneurs
Why help out future small business owners?
“I’ve had a good life and I’m happy to help others get on a good career path,” Burns says. “It’s from the Bible, and I believe John F. Kennedy also said something like this in a speech—and it’s very true: ‘To whom much is given. Much will be required.’”
Burns believes the small business population in the United States needs help.
“Nobody’s helping us so we’ve got to help ourselves,” he says. “When you involve government with capitalism, it’s a cluster. It always has been and it always will be. I’m just another entrepreneur out there just trying to help my fellow entrepreneurs. I am not a lawyer. I am not an accountant. I’m just a fellow businessman who may have come up with a way to save a lot of time and trouble, and not to mention money, for my fellow entrepreneurs.
Veteran entrepreneur Peter J. Burns III is moving forward with a major investment in Agora Temple, a religious institution that provides cannabis as a sacrament to parishioners. In an economy struggling to adjust to hardships presented by the COVID-19 pandemic, the investment is hailed as a bold and strategic move.
Agora Temple is a 501(C)(3) charitable organization based in the Melrose section of Los Angeles.
“Agora Temple will be the model for other places of worship as we expand in California and beyond,” says Peter J. Burns III, who is based in Southern California. “We not only have an exemplary leadership team at the existing location, but we also have the right people in place for expansion, especially from an operational, legal and regulatory standpoint.”
Peter J. Burns III will have a seat on the board of directors at Agora Temple. He says his company’s decision was bolstered by a plethora of legal decisions in the state that recognize that freedom of religion is protected by the First Amendment, which prohibits laws impeding the free exercise of religion among U.S. citizens.
The model is also supported by the fact that there’s a long, rich history of cannabis and religion dating back 7,000 years. And, that the Catholic Church has long used wine as a sacrament, even selling wine that has been “ordained” to its membership.
“The underlying mission of promoting spiritual growth by using cannabis as a sacrament must be ingrained in the Temple’s philosophy as well as its practice,” Burns says. “There are many existing religious institutions in California that have mishandled this. We are prepared to help them, as well as to establish new Temples.”
Burns adds that he is also impressed by the charitable mission of Agora Temple, which has been working with various charities in Southern California for more than a year. ‘We will enhance those efforts,” he says.
How Does a Cannabis Church Operate?
In California, and states all over the country, cannabis churches are becoming part of the landscape. People don’t technically pay for marijuana at these church services. Instead, they tithe (donate money) to the church in exchange for cannabis.
There are legal issues. But proponents argue that many people truly believe that cannabis has a history and a proper place in being delivered as sacrament. Members of cannabis churches believe they are involved in religious efforts that help them connect to a higher power.
And there are medical studies. Some research points to the benefits of cannabis for many maladies, such traumatic brain injuries and persistent anxiety. Other studies show a rise in cannabis use among all segments of the population. Taken together, it’s easy to conclude that in the not-so-distant future the use of cannabis will be widespread and legal in every state in the country.
Recognizing this, Peter J. Burns III has embarked on a crusade to reduce pain and suffering in the United States by making cannabis available as a sacrament.
This movement is not new. In California, there are dozens of independently owned cannabis churches. Peter J. Burns III’s goal is to create hundreds of these places of worship and reflection, in California and nationwide.
“This fits into my philosophy as an entrepreneur of doing well by doing good,” Burns says. “We are spreading peace, love, and a sense of togetherness by promoting the spiritual use of cannabis as sacrament.”
The beauty of a cannabis church services is that topics anyone can relate to are explored, including love, self-awareness and empathy. Everyone’s opinion and perspectives are respected, and no one is told what to believe. The idea is that everyone participating is given the opportunity to learn more about themselves by learning more about the experiences and contexts of others.
Agora Temple is funded through donations, or tithing. Some of these donations are presented in furtherance of charities. Other gifts are made in exchange for sacramental cannabis.
Agora accepts responsibility for being a spiritual oasis. It has embraced charity work and adheres to the regulations of being constructed as a non-profit, or 501(c)(3). These principles are critical to a long-term future, as well as an ability to ease pain and suffering for all Americans.
There are opportunities for investors to participate in this worthwhile cause. Even as the country embraces a new, post-coronavirus economy. For more information, reach out to Peter J. Burns III: (email@example.com).
While the coronavirus crisis is threatening to wipe out many businesses—and maybe even send the economy into a recession—entrepreneur Peter J. Burns III says there’s a widely underutilized method for increasing tax savings that could greatly boost stimulus efforts.
That method is known as cost segregation. It’s a 100-percent legal process guided by IRS methodology. The IRS publishes guidelines for a cost segregation study on its website.
“We’re looking at an unprecedented devaluation of companies and their properties,” says Peter J. Burns III, a serial entrepreneur who has spent the last 40-plus years helping create more than 150 companies in both conventional and nontraditional markets.
He says cost segregation is a way for companies to get money back in taxes that they’ve already overpaid. Burns believes this process is a quicker and more efficient way to stimulate the economy than relying on aid packages from the federal government.
“Even if companies have already paid their taxes this year, they can do amended returns and get back money they’ve already overspent,” Peter J. Burns III says. “This process is a much quicker way to try to avoid what is looking like an inevitable depression.”
What is Cost Segregation?
Cost segregation is a method of reclassifying components and improvements of commercial and residential real estate. Using Internal Revenue Service guidelines, cost segregation results in reduced tax liabilities and increased cash flow—for both owners and lessees.
To initiate cost segregation, a third-party-certified study identifies, values and separates depreciable personal property. A certified analyst will appraise non-structural items (things like carpet, wall coverings, etc.) and adjust the scheduled depreciation.
The result? Acceleration of depreciation can lead to huge tax savings in the early years of the life cycle of a real estate property. This allows a property owner to catch up on savings that result from the depreciation adjustment.
It’s relatively simple. Under standard, straight-line depreciation, the default tax life on a commercial building is 39 years. Cost segregation professionals seek to identify the multiple pieces of personal property that can be placed on shorter—five-, seven- or 15-year—depreciation terms.
According to studies commissioned by Peter J. Burns III, doing a third-party-certified study for cost segregation usually result in 6 percent of the value of a building coming back in tax benefits. In one study, an $8-million rental villa returned $625,000 to the owner after cost segregation.
Cost segregation is a 100-percent legal process guided by IRS methodology. IRS guidelines allow this technique to be applied to newly built and existing buildings. However, the building must have been placed in service after 1987.
The number of years owned by the current owner, prior renovations, and future renovation plans are some of the considerations used to determine whether a cost segregation study makes economic sense.
The technique has been widely used since 1997 as a result of two landmark tax court cases in which both Walgreens and Hospital Corp. of America prevailed against the IRS. Traditionally, engineering departments in Big Four CPA firms have used cost segregation with their large clients.
The modern application of cost segregation can be traced to those 1997 court cases—but it was Peter J. Burns III, who was serving as an adjunct faculty member at the Barrett Honor College at Arizona State University, who first tied the practice to other business ventures in 2005.
Cost Segregation is a Simple Process
It’s estimated there are 91 million buildings eligible for a cost segregation study. Yet, only five percent have undergone the process. According to Peter J. Burns III, that means there’s potentially as much as $500 billion on the table to help out struggling businesses.
That’s roughly equivalent to the stimulus plan approved by the federal government.
Cost segregation is actually a simple transaction. If you’d like to find out more about this innovative process that could help rescue American businesses, reach out to Peter J. Burns III, who can help match prospective donors with qualified cost segregation professionals.
Photo courtesy of Matt Larmand. A group of sharks spotted off Capistrano Beach in Dana Point
Great White Shark Interactions with Humans
In 2018, the International Shark Attack File investigated 130 incidents of alleged interactions between great white sharks and humans worldwide. Of these 130 incidents, 66 cases were confirmed to be unprovoked shark attacks on humans. 34 other remaining cases were confirmed to be provoked attacks on humans.
According to the Florida Museum, “unprovoked attacks” are incidents in which an attack on a human occurs within the shark’s natural habitat (typically coastal areas in the ocean around the world, or on the outskirts of shore waters) with no provocation of the shark by the human. A “provoked attack” is one in which the human initiates the interaction with the shark, (by way of harassment, attempting to feed the shark, unhooking a shark from a fishing net, etc.). Out of the rest of the world, the U.S. had the largest number of unprovoked shark attacks in 2018 with 32 confirmed cases.
As it turns out, there is a large correlation between the number of human-shark interactions and the number of humans spending time in the sea. Therefore, as human population continues to expand and interest in aquatic recreational activities increases, the amount of shark attacks is expected to continue to rise as well.
Effects of Shark Attacks on Coastal Communities
When shark attacks occur or sharks are sighted in local waters, both tourists as well as locals are scared away from going to the beach and participating in ocean leisure activities such as swimming, surfing, jet skiing, paddle boarding, etc. Many beaches have even posed closures on their waters due to shark sightings. In coastal towns of Southern California, Florida, Massachusetts as well as many other coastal states, beach tourism is a key component of and major driver of the economy. Therefore, if the amount of foot traffic is affected, coastal businesses and communities suffer as a result.
Photo by Jeff Antenore. Lifeguards at San Clemente’s Main Beach closed the water on a Sunday afternoon in May, 2017 after several great white sharks were sighted near shore.
In 2017 in San Clemente, California, where the motto of many beach dweller’s is “Surf. Eat. Sleep.”, local businesses such as the Nomads Hotel have felt the direct effects that shark attacks and sightings had on the number of customers they had. The week before Memorial Day which is usually a busy time for coastal businesses like Nomads Hotel, customers were cancelling their reservations.
This is just one of many examples of the direct ramifications this issue has had on local beach businesses and communities.
New Natural Predator to the Great White
The great white shark has long been considered to be the “top predator” of the ocean. Great whites are known to be able to detect a single drop of blood from three miles away and close in on their prey at 35 mph in short bursts.
Recently, a startling trend has been observed in which numerous mutilated carcasses of great white sharks have been washing up on the shores of beaches of South Africa.
Dyer Island Conservation Trust/ Marine Dynamics. Incident in which a mutilated carcass of a great white had washed ashore near Gansbaii, South Africa.
Among the top oceanic predators is also the Orca, or killer whale, which have been found to eat almost anything they can get a hold of.
After observing the size of the bite marks on the sharks which had washed up in South Africa, scientists have determined that the predator responsible for preying on the great whites is in fact, the killer whale. The orcas have been observed ramming into great white sharks, consequently, stunning them. This allows the orca to hook on to the dorsal fin of the shark with their jaw. The orca then violently shakes the shark and feeds on their liver, leaving the great white mutilated and left for dead.
Video: How Would Orca Attack and Kill a Great White? |Air Jaws: The Hunted| SHARK WEEK 2018
This video from Discovery UK documents the research that went into solving the mystery of the “mutilated and washed up sharks” that have been found on beaches after being brutally attacked and killed. A simulation shows exactly how the orcas actually hunt and kill the great whites. However, while undeniably deadly predators, orcas have not been found to be a threat to humans.
So, what if there were a way to solve the rising issue of great white shark attacks on humans, while simultaneously helping coastal beach communities maintain their revenue from tourism and local foot traffic?
Serial entrepreneur Peter J. Burns III has come up with a brilliant solution for shark problem that is affecting so many coastal communities around the U.S. This plan involves locating/renting orcas and strategically placing them in waters around affected beach communities, allowing the orcas to “take care of” the great whites in those areas.
Another Possible Solution
Researchers examined waters off Southeast Farallon Island and Año Nuevo Island in the Pacific Ocean near the coast of San Francisco, California and observed a pod of orcas enter the great white hunting ground. Despite the abundance of food available in that area, the sharks fled. The study concluded that great white sharks actually abandon their “preferred hunting ground” whenever orcas begin populating the same area. They stated that, “even the hint of killer whales in their seal-rich hunting grounds will scare sharks away for a year, even if the orcas have left the area.”.
Burns has also thought up another possible way to rid local beach communities of their “great white shark problem”.
After analyzing this new finding, Burns thought of the idea to synthesize the smell or sound of the orca and broadcast it in waters around beach areas with heavy shark populations. If successful, this would create a natural “shark repellent”, diverting sharks away from local beach areas for up to a year at a time.
Burns has begun actively reaching out to the Orca Conservatory to get them involved in this project.
Upon successful completion of this project, beach dwellers will be able to feel at ease about continuing to enjoy taking part in their favorite beach activities, and both local businesses and beach communities can continue to thrive and perform their day-to-day operations as normal.
This would truly be a win-win solution for everyone.
Peter’s blog as well as details about his many other ventures and new projects can be found on his website, http://peterjburnsiii.com/
Note: Previously published by Peter J. Burns III on Medium (2019)