Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Peeks Social Announces Record Monthly Deposits and User Sessions

TORONTO, Feb. 02, 2018 (GLOBE NEWSWIRE) -- 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 platform. The Company is also very pleased to announce that the Peeks Social platform reached an all-time high of $480,000 in monthly user deposits and over 2.2 million monthly user sessions in January 2018.

The table below provides a summary of select recent KPIs for the Peeks Social platform.

Key Performance IndicatorAug 2017Sep 2017Oct 2017Nov 2017Dec 2017Jan 2018
Total Number of User Sessions (1)1,606,6001,734,8001,953,8002,090,4002,002,1002,221,000
Avg. User Session Duration (1)8min
15sec
8min
23sec
8min
19sec
7min
56sec
7min
53sec
8min
11sec
Gross Deposits (2)$370,000$384,000$415,000$455,000$456,000$480,000

Peeks Social Amalgamation Update      

The Company reports that both Peeks Social and Personas.com Corp. have agreed on all terms for the Definitive Agreement.  The Definitive Agreement is scheduled to be signed Friday February 2, 2018.  Details of the Agreement will be press released early next week subject to regulatory approval.

“We are pleased to see continuous growth across all KPIs.  We are also excited about the impending amalgamation, as the Company will finally be able to benefit from the full value of the business moving forward,” states Mark Itwaru, Chairman and CEO.

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

Notes:

  1. These two KPIs represent the number of times the Peeks Social app was accessed by users and the average duration of use, respectively.  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 platform. Wallets may contain USD or a digital currency inside the Peeks Social platform referred to as “coins”. Deposits to wallets may be made via credit card 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 platform, it is not a direct indicator of the Company’s financial performance.

For further information, please contact:

Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
mark@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.

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).