Peeks Social Receives iOS approval and Relisting to App Store
27 3월 2019 - 1:49AM
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 VinokurovDirector Investor
Relationsdavidv@peeks.com416-716-9281
Peeks Social (TSXV:PEEK)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Peeks Social (TSXV:PEEK)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
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