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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

A Social Network You Can Make a Living From #Peeks $PEEK.ca $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 9:35 AM on Thursday, November 1st, 2018

Peeks dark logo

Peeks Social has a social network that you can make a living from.

Peeks Social is a live-streaming social network which enables social and commercial interactions, Peer-to-Peer payments, and other social commerce capabilities. Peeks Social is the world’s first social network which bridges the gap between traditional social media and professionally produced content via live or pre-recorded broadcasts. Peeks Social enables content creators to immediately monetize their content through patented and proprietary payment technologies.

The Most Rewarding Live Streaming Platform

Go Live
Start broadcasting your stream from anywhere to anyone in the world.

Get Paid
Collect tips, get sponsored, use paywalls and get paid for your content.

Get Popular
Grow your followers overnight by getting featured in Peeks Social.

Explore
Watch exclusive live streams and videos from around the world and receive special offers.

For more information on Peeks Social Ltd. (PEEK:TSX.V) please fill out the form below.

Source: https://www.b-tv.com/peeks-social-company-feature-ep-332/

CLIENT FEATURE: Kuuhubb $KUU.ca Mobile Video Gaming And Apps For Women; $US 5.5M Quarterly Revenues, 33M Downloads, 7M Monthly Active Users $TCEHY $ATVI $CYOU

Posted by AGORACOM-JC at 3:39 PM on Tuesday, October 30th, 2018

KUU: TSX-V

HIGHLIGHTS

  • $US 5.5 Million Quarterly Revenues
  • 200 Million Quarterly Sessions
  • 33 Million Downloads
  • 7 Million Monthly Active Users (MAU)
  • Partnerships: Kellogg’s and Samsung
  • Research Reports Target Significantly Higher Prices
  • Aggressive Global Growth Plans Now Underway
  • Japan Already Established Mobile Revenues
  • Have Surpassed The USA For 3 Consecutive Years

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

CLIENT FEATURE: Peeks Social $PEEK.ca Live Streaming App With $2.1M In Quarterly Revenue / 6.2M User Sessions $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 3:21 PM on Friday, August 10th, 2018

WHAT IS PEEKS?

Peeks is a new live streaming app 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 Q1 2019, up from $1.1 million during Q1 2018;
  • User sessions were 6.20 million for the three months ended May 31, 2018, as compared to 5.13 million for the three months ended May 31, 2017
  • Users generated $1.44 million in gross customer deposits to the Peeks Social platform during the three months ended May 31, 2018, as compared to $773k for the three months ended May 31, 2017

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

Peeks Social $Peek.ca Announces Financial Results for the First Quarter Ended May 31, 2018 – $2.1M In Q Revenues $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 9:55 AM on Tuesday, July 31st, 2018

Peeks dark logo

  • Peeks Social platform generated gross revenue of $2.1 million during Q1 2019, up from $1.1 million during Q1 2018;
  • Users generated $1.44 million in gross customer deposits to the Peeks Social platform during the three months ended May 31, 2018, as compared to $773k for the three months ended May 31, 2017 (and as compared to $1.30 million for the three months ended February 28, 2018); and
  • User sessions were 6.20 million for the three months ended May 31, 2018, as compared to 5.13 million for the three months ended May 31, 2017 (and as compared to 6.26 million for the three months ended February 28, 2018).

TORONTO, July 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 months ended May 31, 2018 (“Q1 2019”), are now available on the Company’s profile on SEDAR (www.sedar.com). The three months ended May 31, 2018, represent the first quarter of the Company’s 2019 fiscal year.

It is important to note that this is the first 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 Q1 2018 results represent the five months ended May 31, 2017 (“Q1 2018”), 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 Q1 2019, up from $1.1 million during Q1 2018;
  • GAAP net loss decreased to $659,446 in Q1 2019 from $1,459,728 in Q1 2018;
  • GAAP net loss per share was $0.004 for Q1 2019 as compared to $0.013 for Q1 2018;
  • Users generated $1.44 million in gross customer deposits to the Peeks Social platform during the three months ended May 31, 2018, as compared to $773k for the three months ended May 31, 2017 (and as compared to $1.30 million for the three months ended February 28, 2018); and
  • User sessions were 6.20 million for the three months ended May 31, 2018, as compared to 5.13 million for the three months ended May 31, 2017 (and as compared to 6.26 million for the three months ended February 28, 2018).

Certain information provided in this news release is extracted from the unaudited condensed consolidated Financial Statements and MD&A of the Company for the three months ended May 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 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
416-639-5335
[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 $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 $PEEK.ca to Launch Website, App Reaches New Record Quarterly Deposits $BCOV $AVID

Posted by AGORACOM-JC at 9:24 AM on Tuesday, June 5th, 2018

Peeks dark logo

  • Peeks Social App reached an all-time high of $484,444 CAD in monthly user deposits for May 2018
  • Maintained over 2 million monthly user sessions

TORONTO, June 05, 2018 — Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) is pleased to provide updated key performance indicators (“KPIs”) relating to the Peeks Social App. The Company is also pleased to announce that the Peeks Social App reached an all-time high of $484,444 CAD in monthly user deposits for May 2018 and maintained over 2 million monthly user sessions.

Quarterly Deposits

User Sessions Per Quarter

The table below provides a summary of select recent quarterly KPIs for the Peeks Social platform. Q1 2019 represents the three months ended May 31, 2018.

  Key Performance Indicator Q4 2017 Q1 2018 Q2 2018 Q3 2017 Q4 2018 Q1 2019
  Total Number of User Sessions (1) 2,890,000 5,134,000 4,631,000 5,779,000 6,264,000 6,203,000
  Gross Deposits (2) $312,000 $774,000 $1,174,000 $1,254,000 $1,306,000 $1,437,000

The record deposits for the month of May 2018 are included in Q1 2019 above (three months ended May 31, 2018).  Since the launch of the Peeks Social App in November 2016, the App has experienced six continuous quarters of increased user deposits and positive trends across other KPIs, such as user sessions per quarter.

“We are very pleased with sustained quarter-over-quarter growth across a variety of key metrics on the Peeks Social App.  We continue seeing increased engagement from our loyal user base both in terms of the dollars deposited and visits to the App.  Simply put, people are spending more and coming back more often,” states Mark Itwaru, Chairman and CEO. “After constant testing and refinement of user acquisition campaigns and marketing efforts, we believe that we are now able to dial in the most cost-effective user acquisition campaigns to drive overall revenue growth.”

LAUNCH OF PEEKS.SOCIAL WEBSITE

The Company believes that a key part of the process of increasing both users and revenues is to make it easier for streamers to create content and for users to view content.  In order to accomplish this, Peeks Social will be launching a fully functional web version on www.peeks.social in July 2018. The Company 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 must currently download and install the App in order to interact and consume content. Additionally, a fully functional website will 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.

DEVELOPMENT OF PERSONAS SOCIAL NETWORK

The recent acquisition Personas.com Corporation represented a significant milestone for the Company in that it acquired all of the technology assets of the Peeks Social livestreaming App, however it also acquired certain other technology assets including the source code and complete rights to the “Personas” App. Personas was a product line developed by Personas.com Corporation prior to the launch of the Peeks Social App in partnership with the Company. Personas is envisioned as a multi-functional social network with a key emphasis around privacy and security that is reached through the segmentation of users’ social contacts such as friends, family & business.  Further social features include multiple video, photo, text based communications, financial tools such as real time transactions between contacts, and content creator tools such as private video chat and subscriptions to content channels.

The Company resumed development and testing work on the Personas App in May 2018 including updating the user interface and the addition of new features and functions designed to increase utility and market appeal to today’s social media users.  The Company is considering potential launch dates for the Personas App with a target window of summer 2018. Regular updates and further Personas product details will be provided as the Company progresses in launching these new initiatives.

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

Notes:

  1. This KPI represents the number of times the Peeks Social app was accessed by users.  Data was provided through Google Analytics. For additional information on Google Analytics’ definition of “session” and the methods of calculating “sessions,” please refer to https://support.google.com/analytics.
  2. This KPI represents the total amount of external deposits into user wallets in the Peeks Social App. Wallets may contain USD or a digital currency inside the Peeks Social App referred to as “coins.” Deposits to wallets may be made via credit card, PayPal, or in-app purchase. “Coins” are sold at a premium to their value in order to cover app store transaction fees and as an additional revenue source for the platform. These premiums are not included in this KPI. Deposits denominated in USD are translated to CAD using the monthly average exchange rate as published by the Bank of Canada. While the “gross deposits” is an important KPI for the Peeks Social App, it is not a direct indicator of the Company’s financial performance.

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.

Forward-looking statements:

The information and statements in this news release contain certain forward-looking information relating to the timing of the deployment of the Peeks Social web platform and the Personas social network, along with related functionalities and potential impacts on Company performance metrics. 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. The Company’s forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information.

Infographics accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/3fb37d87-b93b-456b-b5a6-45ab536bcaf8

http://www.globenewswire.com/NewsRoom/AttachmentNg/e944d414-9027-466c-a1ca-75117553ba12

Peeks Social $PEEK.ca Wallet Accepts #Bitcoin Transactions $BCOV $AVID

Posted by AGORACOM-JC at 7:59 AM on Thursday, April 12th, 2018

Peeks large

  • Announced that the Peeks Social wallet is now accepting Bitcoin transactions
  • Ability to instantly interact and transact using Bitcoins represents an important shift by the Company towards the future of online currency transactions. 

TORONTO, April 12, 2018 — Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) is pleased to announce that the Peeks Social wallet is now accepting Bitcoin transactions. The ability to instantly interact and transact using Bitcoins represents an important shift by the Company towards the future of online currency transactions.

Users of Peeks Social are now able to fund their wallets with Bitcoin for use within the Peeks Social platform, allowing them to use their Bitcoin to purchase paid content, tip broadcasters, and contribute to crowdfunding campaigns, amongst other uses. Broadcasters are able to receive rewards they earn in a number of ways including directly to their prepaid Peeks Social  Prepaid Cards.  Users loading Bitcoins into their wallets are able to subsequently transfer the unused cash balance of their Peeks Social tokens to their prepaid Peeks Social Prepaid Cards instantly to spend at online and bricks and mortar retailers around the world.

Since cryptocurrency purchases are not subject to payment processing fees, the addition of cryptocurrency transactions are expected to reduce the aggregate payment processing fees currently associated with processing payments within the Peeks Social platform. The majority of deposits received by the Peeks Social platform are processed through in-app payments, which are subject to a 30% payment processing fees from their respective app stores.

Peeks Social will be evaluating the addition of other cryptocurrencies for use with the Peeks Social wallet.

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.