Peeks Social App Generated $2.98M in Gross Revenue for Nine Months Ended September 30, 2017
2018年3月29日 - 7:00PM
Peeks Social Ltd. (TSX-V:PEEK) (OTCQB:PKSLF) (“Peeks Social” or
“the Company”) is pleased to announce the mailing to Peeks Social
shareholders of record as at February 27, 2018 (“Shareholders”) of
a management information circular dated March 19, 2018 (the
“Circular”) and related meeting materials in connection with an
annual and special meeting of Shareholders to be held on April 18,
2018 (the “Meeting”).
Included in the Circular are consolidated
pro-forma financial statements for the Company and Personas.com
Corporation (“Personas”), which provide insight into the true
consolidated financial performance of the Peeks Social application.
On a consolidated basis, the two companies reported $2,980,842 of
gross revenue for the nine months ended September 30, 2017.
Subsequent to September 30, 2017, the Peeks Social app set
additional monthly deposit records in each month from September
2017 to January 2018, as reported in a press release dated February
2, 2018.
At the Meeting, Shareholders will be asked,
among other items, to approve the amalgamation transaction with
Personas (the “Transaction”), details of which can be found in the
Company’s press release dated February 5, 2018, and in the
Circular, which has been posted to SEDAR. The Company and its board
of directors have determined that the Transaction is in the best
interest of the Company and strongly recommend that Shareholders
vote in favour of the Transaction.
If successful, the Transaction will result in
the acquisition of the technology assets used in the Peeks Social
livestreaming app (the “Technology”), along with
certain other related technology assets. The successful completion
of the Transaction will allow the Company to receive the full
benefit of revenues generated by the Peeks Social app. The
Technology is licensed by the Company from Personas pursuant to an
agreement dated August 14, 2015, as amended October 18, 2016, and
is the source of the Company’s current licensing revenue.
The Peeks Social app can be downloaded in either
the Apple or Google app stores, or by visiting www.peeks.com.
For further information, please contact:
Peeks Social Ltd.Mark
ItwaruChairman & Chief Executive
Officer647-992-7727mark@peeks.com
David Vinokurov Director Investor Relations
416-716-9281 davidv@peeks.com
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.
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