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CLIENT FEATURE: FanLogic ($FLGC) The Monetization Platform For Athletes, Actors and Social Media Celebrities

Posted by AGORACOM-Eric at 11:20 AM on Friday, February 15th, 2019
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564645/hub/Fanlogic_Logo.jpg
  • Expanded Database of Users To Over 1 Million in November
  • Helps Athletes, Actors and Celebrities Convert Followers Into Paying Fans
  • FanLogic Platform Provides Fans With VIP Access, Contests and Prizes That Generate Long-Term, Recurring Revenues For The Celebrity
  • FanLogic Provides Celebrities With Smart and Fun Tools To Directly Engage Their Fans
  • With the Exception Of The Top 1% Of Celebrities, Most Other Celebrities Are Unable To Monetize Their Audiences Beyond Simple Advertising and Sponsored Post

Alberto “El Patron” Del Rio READ MORE

NASCAR Xfinity Series Race Team READ MORE

FULL DISCLOSURE: FanLogic Interactive is an advertising client of AGORA Internet Relations Corp.

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. 

Peeks Social $PEEK.ca Announces Financing Arrangement of Up to $10 Million $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 7:11 AM on Wednesday, July 25th, 2018

Peeks dark logo

  • Entered into a direct placement agreement with GEM Global Yield Fund LLC SCS (“GEM”) for a $10 million financing commitment from GEM to invest into Peeks Social

TORONTO, July 25, 2018 – Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social” or the “Company”) today announced that it has entered into a direct placement agreement (the “Funding Agreement”) with GEM Global Yield Fund LLC SCS (“GEM”) for a $10 million financing commitment from GEM to invest into Peeks Social.

Peeks Social has the right to issue GEM common shares under the Funding Agreement for a term of two years through a series of one or more private placements (the “Placements”).  Common shares issued to GEM as part of the Placements will be at a price per share equal to the higher of a floor price set by the Company and a 10 per cent discount to the market price of the common shares based on the immediately preceding 15-day volume weighted average price.  The Placements are subject to certain market out rights of GEM and approval of the TSX Venture Exchange (the “TSXV”).  GEM will hold freely trading common shares of the Company through a share lending facility provided by certain shareholders.

The Company has agreed to commit to initial Placements of $1.5 million (the “Initial Placement”), with an option to issue additional Placements of up to $8.5 million (the “Additional Placements”). The Company will pay a commission of $30,000 to GEM in the next twelve months related to the Initial Placement. If the Company elects to utilize any portion of the Additional Placements it will pay an additional commission of $170,000 to GEM within twelve months of the election. The commissions are equal to 2% of the committed capital of GEM.

As part of the Funding Agreement, the Company has agreed to issue 4,000,000 common share purchase warrants to GEM.  The warrants will be exercisable on a one-for-one basis at a price equal to the greater of i) $0.583 per common share or ii) the market price of the common shares of the Company at the time of issuance.  The Company has eighteen months to issue the warrants. The warrants will have an exercise period of three years.  The warrant exercise price is subject to repricing to 105% of the market price of the Company’s common shares on the first anniversary of the date of issuance if the market price of the common shares of the Company is less than 90% of the then-current exercise price.  The repricing must be done in accordance with the rules and policies of the TSXV.  If the Company does not issue the warrants within 18 months of the initial execution of the Funding Agreement, the Company shall pay GEM 8% of the original face value of any unissued warrants. Should the Company elect to issue any Additional Placements, it will issue additional warrants to GEM, the amount and terms of which shall be negotiated and agreed to at the time of the election.

Pursuant to the Funding Agreement, GEM has agreed to issue an advance of $300,000 to the Company. The advance bears interest at 10%, is due on demand after 90 days from the date issued, and is repayable in cash or through the issuance of a Placement to GEM, at the option of the Company.

The Company also announces that it has closed a non-brokered private placement. The Company issued an aggregate of 1,260,000 units at a price of $0.25 per unit, for total gross consideration from this private placement of $315,000. Each unit consists of one common share and one common share purchase warrant of the Company. Each warrant is exercisable to purchase one additional common share of the Company at an exercise price of $0.35 per share for a period of 24 months from the date of issuance. The common shares and warrants are subject to a four month hold period. The private placement is subject to the Company obtaining final acceptance from the TSX Venture Exchange upon the filing of required materials in due course. The Company paid aggregate finder’s fees of $15,600 to eligible arm’s length parties in connection with this private placement.

Proceeds raised through the Funding Agreement and the private placement will be used for the marketing and advancement of the “Peeks Social” product, as well as for general working capital and corporate purposes.

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.
 
Forward-Looking statements:

The information and statements in this news release contain certain forward-looking information relating to the future issuance of securities and the use of investment proceeds. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. Peeks Social Ltd.’s forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Peeks Social Ltd. undertakes no obligation to publicly update or revise any forward-looking information.

Peeks Social $PEEK.ca Launches Web Platform, User Deposits Reach All-Time High in June 2018 $BCOV $AVID

Posted by AGORACOM-JC at 9:22 AM on Monday, July 9th, 2018

Peeks dark logo

  • Announced that the Peeks Social product is now available on the web at www.peeks.social
  • Both viewers and broadcasters can access www.peeks.social to watch streams and broadcast unique content on a mobile friendly website.

TORONTO, July 09, 2018 – Peeks Social Ltd. (TSX-V:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) is pleased to announce that the Peeks Social product is now available on the web at www.peeks.social.  Both viewers and broadcasters can access www.peeks.social to watch streams and broadcast unique content on a mobile friendly website.

The launch of www.peeks.social is a key element of ongoing initiatives to increase user activity levels and revenues for the Company. Management anticipates that the mobile-friendly web version will amplify the capabilities of the platform in many ways, including by improving the conversion rate of new users into active and paying users, and by accessing new audiences of users who prefer consuming livestreaming video on their desktops. For example, desktop viewers who are following Peeks Social influencers through to Peeks Social from other social platforms will encounter fewer steps in the registration process resulting in higher conversion rates and ultimately a lower cost per installation for the Company. Users who are forwarded to the Peeks Social App from their desktops were previously required to download and install the App in order to interact and consume content. The Peeks Social platform can now be enjoyed in its full functionality from a desktop or on a mobile web browser.

The fully functional website is expected to increase the percentage of overall deposits made through the www.peeks.social website, resulting in higher margins for the Company. The majority of deposits currently received by the Peeks Social App are processed through in-app payments, which are subject to a 30% payment processing fee from their respective app stores. Deposits made through the website incur a fraction of these costs.

June Monthly Deposit Key Performance Indicator (“KPI”) increases 9.5%

The Company is pleased to announce that the Peeks Social App reached an all-time high of $513,830 CAD in monthly user deposits for June 2018 representing a 6% monthly increase over May 2018 (9.5% when results are normalized for a 30-day month).  User sessions were 2,035,000 for June 2018 (representing a 3% increase over May 2018 when results are normalized for a 30-day month).

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
416-639-5335
[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 Ltd. $PEEK.ca Announces Financial Results for the Year Ended February 28, 2018 $BCOV $AVID

Posted by AGORACOM-JC at 9:19 AM on Friday, June 29th, 2018

Peeks dark logo

  • Company is pleased to report that the Peeks Social Platform generated gross revenue of $5.5 million with costs of revenue equal to $3.9 million for the 12 month period ended February 28, 2018
  • Company reports that it generated $488k in licensing revenue from the Peeks Social Platform, which is equal to 30% of the gross profit of $1.6 million generated by Personas.com Corporation in accordance with the former license agreement with Personas

TORONTO, June 29, 2018 – Peeks Social Ltd. (TSX-V:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) announced that the audited consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the year ended February 28, 2018 (“FY2018”), are now available on the Company’s profile on SEDAR (www.sedar.com).

The Company is pleased to report that the Peeks Social Platform generated gross revenue of $5.5 million with costs of revenue equal to $3.9 million for the 12 month period ended February 28, 2018 (unaudited).  The Company reports that it generated $488k in licensing revenue from the Peeks Social Platform, which is equal to 30% of the gross profit of $1.6 million generated by Personas.com Corporation (“Personas”) in accordance with the former license agreement with Personas. It is important to note that this is the last reporting period of the Company prior to completion of the acquisition of Personas in May 2018, see press release dated May 8, 2018.  As a result of the acquisition of Personas, the Company now receives 100% of the revenues generated by the Peeks Social Platform.

Select year-over-year highlights for the Company include the following:

  • FY2018 total revenue was $498,918 as compared to $95,921 for the year ended February 28, 2017 (“FY2017”). The Peeks Social platform was launched in Q3 2017.
  • FY2018 user sessions on the Peeks Social platform grew to 21.8 million, up from 3.3 million in FY2017.
  • FY2018 net loss was $6,803,760 as compared to $4,259,179 for FY2017. Net loss for FY2018 includes $1,109,010 of stock-based compensation and $2,809,653 of marketing expenses focused on user growth initiatives (FY2017 – $2,124,626 and $175,579 respectively).
  • FY2018 net loss per share was $0.11 as compared to $0.10 for FY2017.

Certain information provided in this news release is extracted from the audited consolidated Financial Statements and MD&A for the year ended February 28, 2018, respectively, and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the audited consolidated 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 David Vinokurov
Chairman & Chief Executive Officer Director Investor Relations
647-635-5339 416-716-9281
[email protected] [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.