Listworks Corp. told about 50 employees to go home early Tuesday, raising questions about the future of the company.
Neither Listworks’ President Walter Monzi nor CFO John Collins could be reached for comment at deadline. Several phone calls to the firm’s headquarters in Hawthorne, NY and a satellite office in Scottsdale, AZ went unanswered.
Contrary to industry speculation, there was no bankruptcy filing as of Wednesday.
But several nonprofit lists previously managed by Listworks have been transferred to a new management and brokerage firm, Specialized Fundraising Services Inc., based in Spartanburg, SC.
“We picked up 50 management clients in the last two days,” claimed Frank Quaranta, president and COO of Specialized Fundraising, who until recently was the vice president of Listworks. Nonprofits identified on Listworks’s Web site as clients include the American Breast Cancer Foundation, American Diabetes Association, Arthritis Foundation, National Cancer Coalition, National Jewish Medical and Research Center and the National Osteoporosis Foundation.
During Quaranta’s tenure Listworks managed nearly 150 lists, but only about one-third were lists were owned by nonprofits, he said.
Numerous brokerage clients – including the American Diabetes Association, Muscular Dystrophy Association and St. Jude’s Children’s Hospital — switched from Listworks to Specialized Fundraising Services when the new firm opened. They followed Lisa Greene, president and CEO of Specialized Fundraising, when she ended her independent contractor arrangement with Listworks to become Quaranta’s business partner. Greene had operated a satellite office for Listworks in Spartanburg.
Various list companies, among them Brewster, NY-based Macromark Inc., are seeking new management contracts with commercial list owners whose lists have been managed by Listworks.
“We’re trying to get some of the accounts from them, but there is nothing definite yet,” said Macromark’s vice president of sales Eduard Kul.