TechnoBrands founder forced out

Charles Anton, founder/CEO of gadgets and health products cataloger TechnoBrands, was fired by the majority of the board of directors on March 27. Anton remains a member of the board, however. Sources say that the directors who voted to fire Anton were unhappy with how he handled the Federal Trade Commission’s allegations last year of deceptive advertising and misleading buyer’s club billing procedures.

Although neither side would comment on the situation, catalog director Shardul Pandya says that despite all that’s going on, “things are running great, the company is doing fine. The catalog is mailing on time, sales are coming in, and products are being shipped.”

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