Okay, I found this from another author group I belong to. I think this one needs some serious BEWARE warnings:
Among the things to beware of here -- this <ahem> publisher attempts (I say attempts because I don't think it's enforceable since there is no actual contract in place at the time) to take exclusive COPYRIGHTS until they reject it. Actual wording from their website follows:
By submitting your peace you the author assign MasterpieceFactory exclusive Copyrights until such time your proposal is rejected in writing by MasterpieceFactory.
Other items that give me (and some other writers) pause:
Submissions cannot be rescinded prior to being rejected or accepted by Masterpiece
If your manuscript is accepted for publication, we will contact you and explain the editorial and publishing process and your involvement in it.
MasterpieceFactory has the right to edit and alter the peace in anyway it deems necessary.
If your manuscript is chosen for publication MasterpieceFactory Inc. will offer a contract to purchase FULL COPYRIGHTS from you the AUTHOR of said works.
All proposals will be considered on a work for hire bases.
Ummm...yeah, please notice that these folks have the right to edit and alter your PEACE in anyway they deem necessary.
Might want to keep an eye on this one.