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VIDEO – GameOn Entertainment Technologies $GET.ca Brings Mobile and TV App Gaming to CSE, Backed by All-Star Leadership Team

Posted by AGORACOM at 4:41 PM on Tuesday, June 1st, 2021

GameOn Entertainment Technologies begins trading on the CSE this week under the symbol $GET, effective Tuesday, June 1.

The company has two core offerings: its flagship, consumer facing mobile and TV apps, and a white label solution for third parties.

GameOn’s flagship mobile and TV apps make it easier, faster and safer to “get in the game.” Compete with fans and challenge friends in free-play contests with cash prizes, powered by B2B distribution in homes and bars, with revenue being ad and sportsbook affiliate-driven.

To date, GameOn has:

  • 100,000+ organic downloads
  • 1,200+ reviews with a 4.5 average rating
  • Is accelerated by Techstars_ and Comcast
  • Won the All Star 2020 Chicago NBA Pitch Contest

In the Pipeline: Partnerships coming with Roku, Vizio, Samsung, Buffalo Wild Wings, Tokyp 2020, the Voice and LaLiga, among others.

Key company appeal:

  • End-to-end build and management
  • No additional lift for internal teams
  • Less than 1-month turnaround to go live
  • driving engagement, revenue and data

GameOn is a portfolio company of Victory Square Technologies (VST:CSE / VSQTF:OTC / 6F6:FWB), which builds, acquires and invests in promising start-ups, then provides the senior leadership and resources needed for fast-track growth. 

  • GameOn was purchased by V2 Games Inc, a portfolio company of VST, in December 2020. Following the asset purchase, the company was renamed GameOn Entertainment Technologies.
  • VST head Shafin Diamon Tejani sits on the GameOn board

In February, the company appointed J Moses as Chairman. Moses, a respected game industry veteran who helmed BMG Games, which published the original Grand Theft Auto, has served as a Director at Take-Two Interactive since 2007. 

GameOn Entertainment Technologies (GET) also boasts leaders from EA Sports, Intuit, Dapper Labs, Scopely, and the Brooklyn Nets. Santiago Jaramillo, Vice President of Product, spent 10 years building the EA Sports’ FIFA franchise and has worked on projects including NBA Top Shot.

Other notable Board members include Liz Schimel (Apple News, Conde Nast), Carey Dillen (YYoga, Boston Pizza) and GameOn CEO and Founder Matt Bailey (Brooklyn Nets, Barclays Center).

And industry leaders serving as advisors include: Mike Vorhaus (Vorhaus Ventures), Tim Cahill (CSO Aspire Academy, Professional Athlete), Sean Hurley, and Sabrina Carrozza (Sabrina LCP Communications).

So there’s an all-star team in place!

We sat down with Matt Bailey, GameOn’s Founder and CEO, to have him talk us through the company…

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.

Kuuhubb $KUU.ca Announces Successful Soft Launch of New Mobile Game Dancing Diaries $TCEHY $ATVI $CYOU

Posted by AGORACOM-JC at 4:51 PM on Thursday, February 14th, 2019
  • Announce that it has soft-launched its new mobile game Dancing Diaries
  • Dancing Diaries: A Match3 Story is a game that combines the popular Match 3 core gameplay with a dancing meta game.

TORONTO, Feb. 14, 2019 — Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSXV: KUU), a technology company focused on acquiring, developing and distributing lifestyle and mobile game applications for women, is pleased to announce that it has soft-launched its new mobile game Dancing Diaries.

Dancing Diaries: A Match3 Story is a game that combines the popular Match 3 core gameplay with a dancing meta game. Players advance through an engaging story by completing immersive Match 3 puzzle levels while unlocking dance outfits and accessories and mastering their dance moves.

Players dress up for a romantic tango or a classy waltz, choosing their perfect hairstyle, makeup, and accessories. They create their ideal character, merge gems, win beautiful dresses, and master their moves, dancing Salsa, Jazz, Waltz, Quickstep, Street, Charleston, and many more styles!

Dancing Diaries has been in soft launch since early November 2018, showing more promising results with every iteration. The game is continuously being improved, based on data collected from thousands of early adopters in test territories (Canada, South Africa and Australia). Kuuhubb is aiming to have the game commercially launched before the end of Q1, 2019. The game is an excellent addition to Kuuhubb’s growing portfolio of mobile games and lifestyle apps tailored for women.

“We are very excited to be getting closer to a commercial launch for this promising title,” said Jouni Keränen, CEO of Kuuhubb: “This genre, where a core game mechanic is combined with a themed meta game has already proven incredibly popular. Early results from the soft launch of Dancing Diaries are very positive. We see true potential for scaling the success of the game worldwide and driving our planned growth in 2019 and beyond.”

“Exient is delighted to be partnering with Kuuhubb to craft Dancing Diaries, a puzzle game targeted at female gamers in line with Kuuhubb’s overall strategy,” said Nick Harper, MD at Exient UK, Ltd.

About Kuuhubb
Kuuhubb is a publicly-listed mobile game development and publishing company focused on lifestyle and mobile applications for the female audience.  Kuuhubb’s mission is to become a top player in the female mobile game space with a strategy of creating sustainable shareholder value through the acquisition of proven, yet underappreciated, assets with robust, long-term growth potential.  Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.

About Exient
A global leader in mobile game development, Exient has partnered with clients such as Rovio (Angry Birds Go, Angry Birds Transformers), Sony (Lemmings) and BBC Studios (Dancing With The Stars) to deliver emotionally engaging and entertaining mobile apps.

Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the potential success of the Dancing Diaries game, future revenue and products and the development and growth of the Company’s business) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that results from the Dancing Diaries game will not be consistent with the Company’s expectations, risks related to the growth strategy of the Company, the possibility that results from the Company’s growth and development plans will not be consistent with the Company’s expectations, the early stage of the Company’s development, competition from companies in a number of industries, the ability of the Company to manage expansion and integrate acquisitions into its business, future business development of the Company and the other risks disclosed under the heading “Risk Factors” in the Company’s annual information form dated November 8, 2018 filed on SEDAR at www.sedar.com. Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e303fbef-a888-4dfa-bbff-54046015d85e

For further information contact:

Jouni Keränen
CEO – Kuuhubb Inc.
Email: [email protected]

Bill Mitoulas
Investor Relations – Kuuhubb Inc.
Tel: +1 (416) 479-9547
Email: [email protected] 

CLIENT FEATURE: Kuuhubb $KUU.ca Mobile Video Gaming And Apps For Women; $US 4.9M Quarterly Revenues, +50M Downloads, 14M Quarterly Users $TCEHY $ATVI $CYOU

Posted by AGORACOM-JC at 2:45 PM on Monday, January 21st, 2019
KUU: TSX-V

Why Kuuhubb?

  • All time app downloads of +50M
  • Quarterly* sessions of +200M
  • Quarterly* active users of +14M
  • Quarterly gross* revenue of $4.9M
  • Partnerships: Kellogg’s and Samsung
  • Aggressive Global Growth Plans Now Underway
  • Japan Already Established Japan Mobile Revenues
  • Have Surpassed The USA For 3 Consecutive Years
  • India, Korea and China Are Forthcoming
  • Global Social App Comparables Are Trading At $58/Monthly Active User (MAU) (Excluding Facebook)

The Company’s Differentiator? Kuuhubb Delivers Mobile Gaming & Lifestyle Apps Geared Towards Female Audiences. KUU Is Now Focusing On Asian Markets, The World’s Largest & Fastest Growing Mobile Games Market

Portfolio

Kuuhubb growth is undeniable, with rapid growth in revenues quarter over quarter.  The company’s flagship app (Recolor) has experienced strong growth in downloads, sessions and monthly active users, indicating a winning product

Hub On AGORACOM /Corporate Profile

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

CLIENT FEATURE: Kuuhubb $KUU.ca Mobile Video Gaming And Apps For Women; $US 4.9M Quarterly Revenues, +50M Downloads, 14M Quarterly Users $TCEHY $ATVI $CYOU

Posted by AGORACOM-JC at 4:05 PM on Tuesday, December 18th, 2018
KUU: TSX-V

Why Kuuhubb?

  • All time app downloads of +50M
  • Quarterly* sessions of +200M
  • Quarterly* active users of +14M
  • Quarterly gross* revenue of $4.9M
  • Partnerships: Kellogg’s and Samsung
  • Aggressive Global Growth Plans Now Underway
  • Japan Already Established Japan Mobile Revenues
  • Have Surpassed The USA For 3 Consecutive Years
  • India, Korea and China Are Forthcoming
  • Global Social App Comparables Are Trading At $58/Monthly Active User (MAU) (Excluding Facebook)

The Company’s Differentiator? Kuuhubb Delivers Mobile Gaming & Lifestyle Apps Geared Towards Female Audiences. KUU Is Now Focusing On Asian Markets, The World’s Largest & Fastest Growing Mobile Games Market

Portfolio

Kuuhubb growth is undeniable, with rapid growth in revenues quarter over quarter.  The company’s flagship app (Recolor) has experienced strong growth in downloads, sessions and monthly active users, indicating a winning product

Hub On AGORACOM /Corporate Profile

FULL DISCLOSURE: Kuuhubb 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.

Kuuhubb $KUU.ca Provides Fiscal Q1 Financial Update $TCEHY $ATVI $CYOU

Posted by AGORACOM-JC at 9:12 AM on Tuesday, November 20th, 2018

Kuihub large

  • Three-month period ended September 30, 2018 was US$3.9 million (unaudited), a year-over-year increase of 37% compared to US$2.8 million

TORONTO, Nov. 20, 2018 – Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX-V: KUU), a technology company focused on acquiring, developing and distributing lifestyle and mobile game applications for the female audience, provides fiscal first quarter revenue update.

Kuuhubb reports that its revenue for the three-month period ended September 30, 2018 was US$3.9 million (unaudited), a year-over-year increase of 37% compared to US$2.8 million (unaudited) for the three-month period ended September 30, 2017, and a quarter-over-quarter decrease of 21% compared to US$4.9 million (unaudited) for the three-month period ended June 30, 2018.  The Company plans to publish its consolidated financial statements and related management’s discussion and analysis for the fiscal first quarter on or before November 29, 2018.  The end of the Company’s financial year is June 30.

“The Company made several operational enhancements and product improvements in the fiscal first quarter, which we believe will lead to strong growth in early calendar 2019.  We had hoped for a much better start to the new fiscal year.  The lower revenue performance was primarily attributed to certain disruptions on a distribution platform.  In addition, due to a delay in the previously announced financing, the Company significantly lowered its user acquisition budget in order to preserve capital and to achieve the goal of operating at or near cash-flow break-even levels,” states Jouni Keränen, CEO of Kuuhubb.

About Kuuhubb
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile game applications for the female audience.  Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential.  Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.

Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information.  All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the development and growth of the Company’s business and future revenue) are forward-looking information.  This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.  Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.  Factors that could cause actual results or events to differ materially from current expectations include, among other things, risks related to the growth strategy of the Company, the possibility that results from the Company’s growth and development plans will not be consistent with the Company’s expectations, the early stage of the Company’s development, competition from companies in a number of industries, the ability of the Company to manage expansion and integrate acquisitions into its business, future business development of the Company and the other risks disclosed under the heading “Risk Factors” in the Company’s annual information form dated November 8, 2018 filed on SEDAR at www.sedar.com.  Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.  Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

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

For further information, please contact:

Kuuhubb Inc.
Jouni Keränen – CEO
[email protected]
Office: +358 40 590 0919

Bill Mitoulas
Investor Relations
[email protected]
Office: +1 (416) 479-9547

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.

Peeks Social $PEEK.ca Announces Financial Results for Q2 Ended August 31, 2018 With Gross Revenue of $2.1 million $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 8:42 AM on Wednesday, October 31st, 2018

Peeks dark logo

  • 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

TORONTO, Oct. 31, 2018 — 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 six months ended August 31, 2018 (“Q2 2019”), are now available on the Company’s profile on SEDAR (www.sedar.com). The three months ended August 31, 2018, represent the second quarter of the Company’s 2019 fiscal year.

It is important to note that this is the second 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 (“Q2 2018”) and eight months ended August 31, 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 $2.1 million during Q2 2019, up from $1.3 million during Q2 2018;
  • GAAP net loss increased to $1.6 million in Q2 2019 from $1.4 million in Q2 2018;
  • GAAP net loss per share was $0.007 for Q2 2019 as compared to $0.012 for Q2 2018; and
  • 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).

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 six months ended August 31, 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.Â