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Peeks Social $PEEK.ca Announces Appointment of New CFO $BCOV $AVID

Posted by AGORACOM-JC at 9:19 AM on Tuesday, June 4th, 2019
Peeks dark logo
  • Announced the appointment of Mr. Gaetano Di Pietro as the new Chief Financial Officer (CFO). 
  • Gaetano is a result-oriented experienced CFO and has been active in providing advisory services and sourcing acquisition capital for his client base focusing on Mergers & Acquisition

TORONTO, June 04, 2019 – Peeks Social Ltd. (TSX.V: PEEK) (OTCQB: PKSLF) (“Peeks Social” or “the Company”) is pleased to announce the appointment of Mr. Gaetano Di Pietro as the new Chief Financial Officer (CFO). 

Gaetano is a result-oriented experienced CFO and has been active in providing advisory services and sourcing acquisition capital for his client base focusing on Mergers & Acquisition. From 2013 to present, Gaetano has been an independent consultant and has successfully sourced, structured, and executed attractive debt financing for the digital media market, leading real estate developers, SMEs in the renewable energy sector, auto industry, and the manufacturing industry.  Previously, Gaetano was the Director of Finance at Arclin, North America’s leading paper laminates and resin manufacturer.  Gaetano has also worked and consulted at KPMG, CIBC, BMO, Citi, Capital One, Shoppers Drug Mart and Sears Canada. 

Gaetano holds a CPA designation and received an Executive MBA from the University of Western Ontario. 

“We are pleased to have Gaetano leading our finance team, he complements the growth driven and performance culture of the Company. We believe his executive level experience will allow the company to execute our plans and achieve results,” said Mark Itwaru, Chairman & CEO

The appointment of Gaetano Di Pietro to the position of Chief Financial Officer is subject to the review and approval of the TSX Venture Exchange.  His role has been effective as of May 8, 2019.

The Peeks Social App can be downloaded in either the Google or Apple AppStores, or by visiting www.peeks.social.

The Personas Social App can be downloaded in either the Google or Apple AppStores.

For further information, please contact:

Peeks Social Ltd. 
Mark Itwaru
Chairman & Chief Executive Officer
416-635-5339
[email protected]

David Vinokurov
Director Investor Relations
416-716-9281
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

Personas $PEEK.ca Launched in iOS and Android AppStores $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 8:04 AM on Tuesday, May 21st, 2019
  • Personas Social Network is now live and available for download in both the iOS and Android Appstores.
  • Company released Personas over the weekend and will be working on continuous improvements to both the service and features including, but not limited to: group chats, groups, events, the Get Popular Feature from Peeks and other innovative features.

TORONTO, May 21, 2019 — Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) is pleased to report that the Personas Social Network (“Personas”) is now live and available for download in both the iOS and Android Appstores.

The Company released Personas over the weekend and will be working on continuous improvements to both the service and features including, but not limited to: group chats, groups, events, the Get Popular Feature from Peeks and other innovative features.

Personas is an ecommerce enabled video and image sharing social network that provides users with a video chat-based payments system (ChatCash). Personas’ ChatCash service allows users to provide (and charge for) one-on-one private tutorials, consulting services, help desk services and any other service that is typically delivered through one-on-one chat.

Personas can be downloaded in either the Google or Apple Appstores.

The Peeks Social App can be downloaded in either the Google or Apple AppStores, or by visiting www.peeks.social

For further information, please contact:

Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
416-635-5339
[email protected]

David Vinokurov
Director Investor Relations
416-716-9281
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

PEEKS SOCIAL $PEEK.ca to Launch #WASDPro Gaming and #Esports Streaming Service $TECHF $ATVI $TTWO $GAME $EPY.ca $FDM.ca $TNA.ca

Posted by AGORACOM-JC at 9:07 AM on Tuesday, April 16th, 2019
  • Announced the upcoming launch of its WASDPro eGaming and eSports streaming service www.wasdpro.tv. 
  • WASDPro is a purpose built eGaming/eSports video streaming service built on the Peeks Social Platform.
  • Company’s goal for WASDPro is to capture and monetize a significant share of this growing market which currently produces 355bn minutes of eSports and gaming streams watched in 2017 — a 22% year over year increase compared to 2016.

TORONTO, April 16, 2019 — Peeks Social Ltd. (TSXV: PEEK; OTCQB: PKSLF) (“Peeks Social” or the “Company”) is pleased to announce the upcoming launch of its WASDPro eGaming and eSports streaming service www.wasdpro.tv. 

WASDPro is a purpose built eGaming/eSports video streaming service built on the Peeks Social Platform. The Company’s goal for WASDPro is to capture and monetize a significant share of this growing market which currently produces 355bn minutes of eSports and gaming streams watched in 2017 — a 22% year over year increase compared to 2016. WASDPro will be based off of the Peeks Social Platform, which is a robust ecommerce enabled, video streaming platform that provides broadcasters and content creators with a wide variety of proprietary content monetization services. Content creators can make money by charging their viewers monthly subscription fees (Subscription Service), by receiving donations from viewers (Tipping Service) and by charging viewers for access to content (Paywall Service. In addition, the Peeks Social Platform provides a proprietary AdShare Service. The AdShare service allows all content creators to make money by selecting sponsored ads that run on their video content. The AdShare network dynamically matches sponsors with content creators and allows the content creators to select their desired sponsors. The company shares its cost per impression-based advertising revenues with the content creator; thereby allowing content creators an effortless way to make free money.

The company believes that the unique features of the WASDPro service will provide eGamers and their fans, with one of the most satisfying eGaming streaming experiences in the industry today. According to Goldman Sachs 3.5 billion people are online today and nearly 2.2 billion are active video gamers. Video Gaming today is a US$180bn industry projecting to grow at a 5% compounded annual growth rate. By 2022, the relatively new eSports segment of the industry is projected to reach an audience of 276,000,000 people similar in size to the National Football League (NFL). Currently 50 colleges have varsity eSports teams and discussions have been held for inclusion of eSports in the 2024 Paris Olympics. Goldman Sachs has identified the opportunity for live-streaming to monetize the growth of eSports in a way that few other businesses can.

“We are extremely excited to add the WASDPro service to the Peeks Social family of services. Our goal is to make WASDPro an industry leading eGaming and eSports destination for: content creators, fans and advertisers alike. We have been, and will continue to, work with content creators, affiliates and other partners to ensure that WASDPro reaches the global audience it deserves.” states Mark Itwaru, CEO and Chairman of Peeks Social.

The WASDPro beta site will be available May 2019.

The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting www.peeks.social. WASDPro is available at www.wasdpro.tv

For further information, please contact:

Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
416-639-5339
[email protected]
David Vinokurov
Director Investor Relations
416-716-9281
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release

Peeks Social $PEEK.ca Receives iOS approval and Relisting to App Store $BCOV $AVID

Posted by AGORACOM-JC at 1:06 PM on Tuesday, March 26th, 2019
  • Announced that the Peeks App has been approved by Apple and is once again available for download in the Apple Store.
  • In addition to returning to the Apple Store, the Company is also pleased to announce that it has successfully negotiated with Apple the use of 3rd party payment processing services for purchases on the Peeks Platform

TORONTO, March 26, 2019 — Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) is pleased to announce that the Peeks App has been approved by Apple and is once again available for download in the Apple Store. In addition to returning to the Apple Store, the Company is also pleased to announce that it has successfully negotiated with Apple the use of 3rd party payment processing services for purchases on the Peeks Platform. Previously Peeks was obligated to use Apple’s in-app purchases at a cost of 30% per transaction and funds settlement period of 45 days. The high cost of in-app payments and the long settlement periods had resulted in a poor quality of service to users and a significant number of user complaints. Similarly, the Company has also migrated approximately 80% of its Android traffic from Google in-app payments to 3rd party payment processing services. Google’s fees and settlement periods for in-app payments are similar to Apple; as such the benefits to the Company by virtue of moving to 3rd party payment processing services will be comparable.

The new payment processing services cost the Company 2.8% to 10% as opposed to 30%. Settlement periods are typically 2 business days or less. This provides the Company the ability to pay broadcasters more quickly and to provide users discounts on the purchase of content. Long payout cycles have been the main cause of broadcaster complaints and the main hindrance to rapid growth of the business. The faster settlement periods are allowing the Company to get caught up on backlogged broadcaster payouts and facilitating faster payouts to broadcasters.

It is management’s expectation that the user adoption curve as a result of migrating to 3rd party payment processing services, will result in a temporary decline in transaction volume on the Peeks Platform, followed by a subsequent increase in transaction volume. It is also management’s expectation that faster payouts to broadcasters and lower fees to viewers will result in significantly greater broadcaster retention, and subsequently; to a significant increase in overall spending on the Peeks Platform. The Company’s operating margin will also significantly increase as a result of lower payment processing fees.

Annual General and Special Meeting

The Company will be holding its Annual General and Special Meeting on May 31, 2019. Details of location and time will be released once the company finalizes arrangements.

David Vinokurov
Director Investor Relations
[email protected]
416-716-9281

Peeks Social $PEEK.ca Generates $1.7 Million Revenue Q3 2019 $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 8:26 AM on Wednesday, January 30th, 2019
  • The Peeks Social platform generated gross revenue of $1.7 million during Q3 2019, up from $1.3 million during Q3 2018;
  • User sessions were 5.91 million for the three months ended November 30, 2018, as compared to 5.78 million for the three months ended November 30, 2017 (and as compared to 6.50 million for the three months ended August 31, 2018).

TORONTO, Jan. 30, 2019 — Peeks Social Ltd. (TSXV: PEEK; OTCQB: PKSLF) (“Peeks Social” or the “Company”) announced that the unaudited condensed consolidated interim financial statements (“Financial Statements”) and Management’s Discussion and Analysis (“MD&A”) for the three and nine months ended November 30, 2018 (“Q3 2019”), are now available on the Company’s profile on SEDAR (www.sedar.com). The three months ended November 30, 2018, represent the third quarter of the Company’s 2019 fiscal year.

It is important to note that this is the third reporting period of the Company following the completion of the acquisition of Personas.com Corporation (“Personas”) in May 2018 (see press release dated May 8, 2018). As the acquisition of Personas constituted a reverse acquisition, the Financial Statements are a continuation of the financial statements of Personas, and the comparative results are those of Personas, prior to the acquisition. Due to a change in the year end of Personas, the comparative results represent the three (“Q3 2018”) and eleven months ended November 30, 2017, which should be taken into account when reviewing comparative numbers.

Select quarterly highlights include the following:

  • The Peeks Social platform generated gross revenue of $1.7 million during Q3 2019, up from $1.3 million during Q3 2018;
  • GAAP net loss decreased to $0.7 million in Q3 2019 from $1.2 million in Q3 2018. GAAP net loss was $1.6 million in Q2 2019;
  • GAAP net loss per share was $0.003 for Q3 2019 as compared to $0.011 for Q3 2018. GAAP net loss per share was $0.007 for Q2 2019; and
  • User sessions were 5.91 million for the three months ended November 30, 2018, as compared to 5.78 million for the three months ended November 30, 2017 (and as compared to 6.50 million for the three months ended August 31, 2018).

Certain information provided in this news release is extracted from the unaudited condensed consolidated interim Financial Statements and MD&A of the Company for the three and nine months ended November 30, 2018, and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the unaudited condensed consolidated interim Financial Statements and MD&A that an investor can properly analyze this information.
The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting www.peeks.social.

For further information, please contact:

Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
416-639-5339
[email protected]

David Vinokurov
Director Investor Relations
416-716-9281
[email protected] 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release. 

CLIENT FEATURE: Peeks Social $PEEK.ca Live Streaming With $2.1M In Quarterly Revenue / 6.5M User Sessions $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 2:24 PM on Tuesday, January 22nd, 2019
PEEK: TSX-V

WHAT IS PEEKS?

Peeks is a live streaming platform where people can interact and transact in real time by sending cash tips as appreciation for content and or selling goods and services to their live viewers.

HIGHLIGHTS

  • Platform generated gross revenue of $2.1 million during Q2 2019, up from $1.3 million during Q2 2018;
  • User sessions were 6.50 million for the three months ended August 31, 2018, as compared to 4.63 million for the three months ended August 31, 2017 (and as compared to 6.20 million for the three months ended May 31, 2018).

The Shifting landscape

  • ·         Digital marketing spend is projected to grow from $57.3B USD in 2014 to $103.4B USD in 2019
  • Viewers spend 8x longer with live video than on demand:  42.8 min vs. 5.1 min       
  • Live video is outpacing growth of other types of online video with 113% increase in add growth yearly   
  • 100,000,000 internet users watch online video everyday
  • By 2019 online video will be responsible for 80% of global internet traffic.
  • In the U.S. online video will be responsible for 85% of domestic US traffic

Hub On AGORACOM

FULL DISCLOSURE: Peeks Social is an advertising client of AGORA Internet Relations Corp.

Peeks Social $PEEK.ca Provides an Update on the Launch of Personas Social Network

Posted by AGORACOM-JC at 8:24 AM on Tuesday, January 8th, 2019
  • Personas’ ChatCash service allows users to provide (and charge for) one-on-one private tutorials, consulting services, help desk services and any other service that is typically delivered through one-on-one chat

TORONTO, Jan. 08, 2019 – Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) is pleased to provide an update on the pending launch of the Personas social network (“Personas”).


Personas is an ecommerce enabled video and image sharing social network that provides users with a video chat based payments system (ChatCash). Personas’ ChatCash service allows users to provide (and charge for) one-on-one private tutorials, consulting services, help desk services and any other service that is typically delivered through one-on-one chat

Personas technology and policies are purpose designed to satisfy user demands for a “Hate Free Space” on the internet where personal privacy is protected. Personas provides greater privacy in a variety of ways; for one, by allowing users to segment their social media following into several profiles: friends, family and followers. In addition, as a policy Personas does not sell user data. Future releases of Personas will allow users to create additional profiles on demand.

A significant market opportunity has emerged as a result of rising user concerns over social media privacy, trolling, fake news and misuse of private data. These concerns are reflected in a recent Pew Research Center poll, that reported; “42% of US adult Facebook users have taken a break from the site in the past 12 months for several weeks or more, 54% adjusting their privacy settings and 26% deleting the app from their phone entirely”.  

Major development of release 1.0 of the Personas is complete and is currently in beta testing. Personas will be submitted for approval to the Apple and Google app stores in the coming weeks and subsequently available for download. 

The Peeks Social App can be downloaded in either the Google or Apple app stores, or by visiting www.peeks.social

For further information, please contact:

Peeks Social Ltd. 
Mark Itwaru 
Chairman & Chief Executive Officer 
416-635-5339 
[email protected]

David Vinokurov 
Director Investor Relations 
416-716-9281 
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/eb32c8af-92e5-4fee-9b45-fb5785f17907
http://www.globenewswire.com/NewsRoom/AttachmentNg/a9091444-6880-4313-a5ac-c5be3d9e2ee9
http://www.globenewswire.com/NewsRoom/AttachmentNg/9ddcb784-8335-449c-b6be-55d228d031a6
http://www.globenewswire.com/NewsRoom/AttachmentNg/357956b2-ad13-44da-a0a4-b1eff97885e5

CLIENT FEATURE: Peeks Social $PEEK.ca Live Streaming With $2.1M In Quarterly Revenue / 6.5M User Sessions

Posted by AGORACOM-JC at 12:54 PM on Friday, January 4th, 2019
PEEK: TSX-V

WHAT IS PEEKS?

Peeks is a live streaming platform where people can interact and transact in real time by sending cash tips as appreciation for content and or selling goods and services to their live viewers.

HIGHLIGHTS

  • Platform generated gross revenue of $2.1 million during Q2 2019, up from $1.3 million during Q2 2018;
  • User sessions were 6.50 million for the three months ended August 31, 2018, as compared to 4.63 million for the three months ended August 31, 2017 (and as compared to 6.20 million for the three months ended May 31, 2018).

The Shifting landscape

  • Digital marketing spend is projected to grow from $57.3B USD in 2014 to $103.4B USD in 2019
  • Viewers spend 8x longer with live video than on demand:  42.8 min vs. 5.1 min       
  • Live video is outpacing growth of other types of online video with 113% increase in add growth yearly   
  • 100,000,000 internet users watch online video everyday
  • By 2019 online video will be responsible for 80% of global internet traffic.
  • In the U.S. online video will be responsible for 85% of domestic US traffic

Hub On AGORACOM

FULL DISCLOSURE: Peeks Social is an advertising client of AGORA Internet Relations Corp.

CLIENT FEATURE: Peeks Social $PEEK.ca Live Streaming With $2.1M In Quarterly Revenue / 6.5M User Sessions $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 11:08 AM on Monday, December 17th, 2018
PEEK: TSX-V

WHAT IS PEEKS?

Peeks is a live streaming platform where people can interact and transact in real time by sending cash tips as appreciation for content and or selling goods and services to their live viewers.

HIGHLIGHTS

  • The Peeks Social platform generated gross revenue of $2.1 million during Q2 2019, up from $1.3 million during Q2 2018;
  • User sessions were 6.50 million for the three months ended August 31, 2018, as compared to 4.63 million for the three months ended August 31, 2017 (and as compared to 6.20 million for the three months ended May 31, 2018).

The Shifting landscape

  • Digital marketing spend is projected to grow from $57.3B USD in 2014 to $103.4B USD in 2019
  • Viewers spend 8x longer with live video than on demand:  42.8 min vs. 5.1 min       
  • Live video is outpacing growth of other types of online video with 113% increase in add growth yearly   
  • 100,000,000 internet users watch online video everyday
  • By 2019 online video will be responsible for 80% of global internet traffic.
  • In the U.S. online video will be responsible for 85% of domestic US traffic

Hub On AGORACOM

FULL DISCLOSURE: Peeks Social is an advertising client of AGORA Internet Relations Corp.

Peeks Social $PEEK.ca Announces Changes to Its Payments Procedures and Policies and the Appointment of Khalil Rajan as Interim CFO $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 9:09 AM on Monday, November 12th, 2018

Peeks dark logo

  • Announced the appointment of Khalil Rajan as interim CFO
  • Khalil brings 4 years of public Company finance and accounting experience, including 3 years of professional financial services at KPMG Toronto.
  • Khalil holds a Bachelor of Commerce from the DeGroote School of Business at McMaster University, as well as a CPA, CA with the Chartered Professional Accountants of Ontario.”

TORONTO, Nov. 12, 2018 — Peeks Social Ltd. (TSXV: PEEK; OTCQB: PKSLF) (“Peeks Social” or the “Company”) announced that changes to its payment processing services, payment policies and broadcaster payout processes.

Peeks Social provides an ecommerce enabled livestreaming service that allows broadcasters on the Peeks platform, to earn commissions by receiving donations from viewers and by charging viewers for access to content.  In order to provide broadcasters with a competitive quality of service; the Company has historically accommodated weekly settlement of funds to broadcasters; as opposed to the three-week settlement period stated in the Company’s Terms of Service. Initially, credit card processing was the primary means by which the Company processed consumer payments. Credit card processors typically settle funds to the Company within 2 days; well within the one-week settlement window for broadcasters.  Throughout the evolution of the Peeks service, the primary payment processing service has shifted to in-app payment processing services provided by Apple and Google. The settlement period to the Company, for funds processed via in-app payments, ranges from 45 days to 60 days.  The longer funds settlement periods associated with in-app payments, in concert with a competitive requirement to settle broadcaster funds quickly, have collectively resulted in both, real and perceived payment delays to broadcasters.  In addition, a continuously growing userbase and a continuously increasing volume of payments processed has resulted in an increased number of users who have experienced both real and perceived payment delays.

Peeks Social Ltd. has performed an internal review of its financial processes and policies pertaining to payments and a review of its suite of consumer payment processing options.  As a result of the review the Company has identified all the factors causing broadcasters to experience real and perceived delays in receiving payments from the Company.  To resolve the delayed payment issue; management has implemented significant changes to its payments policies, including but not limited to, extending settlement periods out beyond the settlement period of the payment processing service used by the consumer to make purchases or send tips on the Peeks platform. In addition, the Company has made changes to its corporate communications to broadcasters. Broadcasters will now be made overtly aware of settlement periods for funds owing to them by the Company.  Moreover, the Company is implementing several new payment options that allow for significantly shorter settlement periods than in-app payment processing.

The new payment services allow for settlement periods ranging from the same day to 4 days, as compared to 45 days to 60 days for in-app payments.  The new payment options include: online debit, email money transfer, and online chequing (ACH/EFT). The Company’s objective is to migrate the majority of its payment processing away from in-app payments and onto its new payment processing services over the next few months.  The Company’s new payment processing services will be integrated into the Peeks Wallet found at www.peeks.social.  The Company will be promoting its new suite of payment services via all consumer contact points, such as; the Peeks Social website that can be found at www.peeks.social, email notification, in app notifications, broadcaster announcements and in-service promotions.  Users will be incented with discounts for the purchase of coin packages using any of the new payment options found on www.peeks.social.

The Company is also pleased to announce the appointment of Khalil Rajan as interim CFO. Khalil brings 4 years of public Company finance and accounting experience, including 3 years of professional financial services at KPMG Toronto. Khalil holds a Bachelor of Commerce from the DeGroote School of Business at McMaster University, as well as a CPA, CA with the Chartered Professional Accountants of Ontario.”

The Company will also like to announce the departure of Alex McDonald the Chief Financial Officer of Peeks Social Ltd. Mr. McDonald served as CFO for Keek Inc. from 2014 to 2016 and subsequently he served as the CFO of Peeks Social from 2016 to the present.  We would like to thank Alex for his many contributions to the Company and wish him well in his future endeavours.

For further information, please contact:

Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
416-639-5339
[email protected]

David Vinokurov
Director Investor Relations
416-716-9281
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.