Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
A PRE-REVENUE COMPANY WITH A $10 BILLION PRICE TAG
Valuations in the online social space run from extreme to extremely extreme--lolololoolol.
In 2014, Snapchat was valued at $10 billion despite not earning a dollar in revenue.
Fast forward to today and we find Snapchat's valuation ranging between $25 to $40 billion despite continuing monetization weakness.
Peeks on the other hand has generated revenue from day 1.
Itwaru is a commerce man first and social guru second but they run pari passu.
Having a cool, monetizable platform means nothing if you have no users.
To this end, the Peeks model has been derisked with the additive of steadily transitioning Keek users.
Keek has 75 million registered users.
Granted all those users are not active but there's still plenty of users to give Peeks a monetization boost especially with the advent of the disruptive offerbox.
Added to this is natural organic growth.
Adding even more is a bevy of social influencers promoting Peeks to their mass of followers.
In other words, Itwaru is not worrying about users because his plan is already in place.
He remains focused on a social commerce thesis of not just bringing home the bacon but bringing the entire piggy.
He has created quite the Social Commerce piggy bank.
He owns his payment processing technology so he doesn't need to share with any third party tech company but rather shares only with the user whether they be consumer or merchant.
So what's Peeks worth?
A whole heap more than where its trading at today.
I remain a long and committed shareholder.
http://fortune.com/2014/08/27/snapchat-doesnt-need-new-money-even-at-a-10-billion-valuation/
What if Google and Facebook got it all wrong? | VentureBeat | Commerce | by Soeren Stamer, CoreMedia
venturebeat.com › 2016/11/26 › what-if-...
3 days ago - ... of our era. But what if they got the core of their business wrong? ... What if Google and Facebook focused on the wrong monetization strategy from a long-term perspective? What if ads are ...
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25525984#hUdXPfEGDPhVMOiS.99
LET'S BE PALS
PayPal's current market valuation is $48.6 BILLION USd.
"PayPal is the gorilla among independent digital payment service providers with more than 160 million active accounts, global scale and brand recognition," J.P. Morgan analysts said.
For Facebook or Snapchat to acquire PayPal makes little sense for 2 very large reasons, namely, the big dollar buyout figure and the duplication of their respective user base.
Now on the other hand, what if you married Snapchat's 200 million user base to Peeks commerce offerings including but not limited to the payment processing engine, data analytics, offerbox, and tipping mechanism?
Given the social metrics added to the commerce dynamics, Snapchat's valuation would exceed that of PayPal.
I believe you see where I'm going.
Now let's scale up a bit and take Peeks and all its composite commerce offerings and marry it to The social behemoth of all social behemoths, Facebook, and its 1.7 billion users.
Facebook is currently valued @ $346 BILLION USd.
What would Facebook be worth if you gave it the accretive revenue opportunity of Peeks value proposition?
Facebook has aspirations of becoming the first trillion dollar company.
I believe you see where I'm going.
Fun times ahead!
---------------
Facebook current fundamentals:
120.38USD per share
Mkt cap
345.63B
P/E ratio
46.47
Facebook worth $1 trillion? Not so crazy - Jul. 21, 2016 - CNN Money
money.cnn.com › 2016/07/21 › investing
Jul 21, 2016 - Facebook (FB, Tech30) shares hit an all-time high on Wednesday. The company is now worth about $350 billion. Cue Justin Timberlake as Sean Parker telling Mark Zuckerberg in a sequel to "The Social Network" that a trillion dollar market valuation is cool?
-------------------
PayPal
Fundamental Data - PYPL
Shares Issued
1,206,646,000
Market Cap
48,579,568,000
Year High
44.52
Year Low
30.52
Beta
0.646
Annual Earnings/Share
1.12
P/E Ratio
35.95
--------------------
"PayPal is the gorilla among independent digital payment service providers with more than 160 million active accounts, global scale and brand recognition," J.P. Morgan analysts said.
PayPal returns to market with $52 billion valuation | Reuters
www.reuters.com › article › uk-paypal-hl...
Jul 20, 2015 - PayPal is a giant in the market it helped create - it processed 4 billion payments tootling about ... BMO capital Markets analysts said they expected investors to value PayPal relative to Visa Inc ...
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25520455#0LSsrYk70H5mZZXl.99
WHAT FACEBOOK AND GOOGLE GOT WRONG, ITWARU GOT RIGHT
How do Keek investors even sleep knowing what we know.
The genius was always in the action of the transaction.
All this article does is underscore Itwaru is headed to the bilionaires boys club.
Best to pile in now before Peeks hits a US mainstream investor audience.
This company is a buyout if i ever saw one.
Read that article in its entirety.
Wow.
Wow.
Monetization validation.
"We are excited to be working with Peeks as they lead the social commerce revolution," said Ola Danilina, chief executive officer and founder of PMBC. "A social-commerce-enabled live-streaming platform, Peeks gives broadcasters the opportunity to sell physical and digital goods to viewers and partake in revenue-sharing opportunities. We are proud to play a key role in the Peeks story, as we generate significant media awareness with our comprehensive public relations campaign."
What if Google and Facebook focused on the wrong monetization strategy from a long-term perspective? What if ads are inferior to transactions? And what if we can watch our future unfolding in China today?
https://www.google.ca/amp/venturebeat.com/2016/11/26/what-if-google-and-facebook-got-it-all-wrong/amp/?client=safari
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25517643#qsveX0Tl7kAVmeUj.99
PEEKS NEVER SLEEPS AND NEITHER DOES MONEY
Itwaru's world is 24 hours of non stop action.
Everyday x 365.
Skeptics will argue, yeah yeah Facebook and Snapchat et al is also open 24 hours a day and has even more SOCIAL action.
I would never argue against a point that i believe to be correct.
Let's use a syllogism to illustrate another point: Social media is hot and E-commerce is on fire therefore social commerce is the hottest.
Itwaru is creating a 24 hour shopping Mecca on the Peeks app.
The offer box cometh.
Unreal and surreal.
Every time I read what the guy says, I get an investor adrenalin rush.
"We believe that the trillion-dollar-plus global e-commerce industry is ripe for disruption. Currently it relies on a 2-D environment where consumers make purchasing decisions based on static images and text. We are planning to enable consumers to shop inside a thriving live commerce environment which allows for real-time interaction and seamless purchasing," said Mark Itwaru, chief executive officer of Keek. "This environment will empower sellers and buyers alike."
Never have I seen a product or a platform with such revenue generation potential.
http://canadianjuniorreport.com/peeks-kek-v-monetizing-social-media/
https://www.equities.com/news/the-social-commerce-unicorn-that-could-ignite-facebook-s-global-arpu-growth-2
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25516634#IzyRzSpMXEkOcVDR.99
TIMING IS EVERYTHING: THE PARTY IS ABOUT TO START
There's enough near term catalysts to create excitement both on the stock and the Peeks app.
On the app side, we have been promised new regionalization and categorization tools: "The new UI will bring improved categorization to the platform and will replace the "explore" tool with a "discovery" tool to allow for improved content recommendation and additional featured content space. In addition, the new UI will include other changes to maintain and improve the user experience following the recent increase in activity on the service. The upgrades will take place in stages over the coming weeks."
Also, we learned the "offer box" is in late stage development and will be rolled out in a matter of weeks.
This is a gamechanging and disruptive technology that alters the existing
E-commerce model currently in existence in a social way.
"We believe that the trillion-dollar-plus global e-commerce industry is ripe for disruption. Currently it relies on a 2-D environment where consumers make purchasing decisions based on static images and text. We are planning to enable consumers to shop inside a thriving live commerce environment which allows for real-time interaction and seamless purchasing," said Mark Itwaru, chief executive officer of Keek. "This environment will empower sellers and buyers alike."
Now on the stock side, new investors continue to stream in daily as they catch wind of this evolving story.
Peeks has recently hired a PR firm out of LA--PMBC.
Bear in mind, when a PR firm is engaged, there is an onboarding process that generally takes a week or two.
They need to fully understand the corporate mission and the product.
Peeks is an easy story to grasp.
Peeks is a very saleable story.
Folks, the US PR machine hasn't even kicked in yet.
Imagine when there is US media focus on Peeks.
I can see the headline: "Social Commerce Disruption Promises Revenue Eruption".
I can also see Zuckerberg and Spiegel sitting up a little straighter as they take note.
Peeks new PR lady sums it up better than me.
"We are excited to be working with Peeks as they lead the social commerce revolution," said Ola Danilina, chief executive officer and founder of PMBC. "A social-commerce-enabled live-streaming platform, Peeks gives broadcasters the opportunity to sell physical and digital goods to viewers and partake in revenue-sharing opportunities. We are proud to play a key role in the Peeks story, as we generate significant media awareness with our comprehensive public relations campaign."
Clearly, now is the time to join the party or you'll end up on the waiting list.
https://www.equities.com/news/the-social-commerce-unicorn-that-could-ignite-facebook-s-global-arpu-growth-2
http://www.stockhouse.com/companies/bullboard/v.kek/keek-inc?postid=25484501
http://www.stockhouse.com/companies/bullboard/v.kek/keek-inc?postid=25499283
http://www.stockhouse.com/companies/bullboard/v.kek/keek-inc?postid=25485014
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25512283#CbBZGOfb6of9yVdx.99
BUSKER THIS BUSKER THAT
Not even a relevant comparison to Peeks.
Period.
Not even worthy of further discussion.
Rimbus is right on all counts.
I don't give a rodent's tush what lscfa or any other individuals with an ax to grind have to say.
Peeks is a world's first.
And the offer box is a disruptive gamechanger.
If you have any doubts, it's probably better to sell and move on.
The proof is always in the pudding of course and I expect to see $5 near term as this story evolves.
I'd rather hear the input from US tech guys than pro-BUSKER posters on this forum.
In the end, the company/stock is going to do what it's going to do and that is to cause a disruption in a $22 trillion market.
Shorters and speed bumps are a part of the journey but they have little impact on the direction which remains forward as always.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25506949#LDLF8jDOK2pXIjre.99
A TWO HORNED UNICORN
LEADERS ARE ALWAYS IN FRONT
The simple fact is no one is doing what Itwaru is doing.
Simple.
Fact.
Look at the livestream on Peeks entitled Peeks Pros.
The PMBC PR girls are talking about Peeks.
Livestreaming is becoming mainstream and Itwaru has figured out how to turn social into commerce by way of patented payment processing genius.
No third party involvement.
All his way by his way----100%.
It's doubtful anyone on this board has filed 15 patents in the payment space or any space for that matter.
It's also doubtful anyone on this board has injected $19 million into their technological ideology not to mention spending another $4 million to gain access to 40% of the trading vehicle, Keek.
Itwaru is not your typical Venture Exchange CEO.
There has been no indication of any contemplated financing despite the large increase in Keek's market cap.
Personas, Itwaru's private entity that owns 70% of Peeks is covering the majority of the costs associated with technology and marketing.
All too often, I have invested in companies where the CEO's constantly have their hands out and expect investors to keep infusing cash into companies with weak or seemingly non existent biz models.
This is certainly not the case here.
I have no doubt over the coming weeks and months we will see steady stages of growth as a dual horned social + commerce unicorn grows to full adulthood.
I have linked Edward Vranic's article below because he has nailed the possibilities and the potential of Itwaru's creation, Peeks.
https://www.equities.com/news/the-social-commerce-unicorn-that-could-ignite-facebook-s-global-arpu-growth-2
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25506939#6zRX0u5VG7FCkwZ4.99
A VISUALIZATION OF SOCIAL COMMERCE DISRUPTION
This is a Peeks social commerce application on a $22 trillion e-commerce vertical.
This stock remains so undervalued its incredible.
The LA PR firm has indicated on a Peeks livestream that they are about to take Peeks on a media
whirlwind tour to achieve audience awareness.
Where will this be stock be when the offer box becomes publicly available?
Image Available: http://www.marketwire.com/library/MwGo/2016/11/23/11G123064/Images/Offer_Box_1-c6d68c09b7f29cf9a43550b911caef95.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/11/23/11G123064/Images/Offer_Box_2-0eab43c11b94b2c48daad53afe515e40.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/11/23/11G123064/Images/Offer_Box_3-7116af3c754aa581b9c1b840c5b3604c.jpg
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25500553#6mzWabuAjTrycPMg.99
EPIC: TECH DISRUPTION VISUALIZED & ALL CELEBRITY CONTENT
Release don't getter than this.
Itwaru delivers!
There is no doubting the offer box now.
He has transparently furnished us with visualization realization to monetization.
Peeks is going to rock a $22 trillion industry in a "bigly" (a Trumpism) social way.
Further, look at the names around the licensed celebrity content.
The marquee list of names doesn't get better than that.
I can already see celebrities flocking to Peeks to exploit the offer box technology.
This stock is headed way higher.
PEEKS COULD PUT A REVENUE SNAP ON SNAPCHAT'S KRYPTONITE
Perhaps Peeks new PR lady says it best:
"We are excited to be working with Peeks as they lead the social commerce revolution," said Ola Danilina, chief executive officer and founder of PMBC. "A social-commerce-enabled live-streaming platform, Peeks gives broadcasters the opportunity to sell physical and digital goods to viewers and partake in revenue-sharing opportunities. We are proud to play a key role in the Peeks story, as we generate significant media awareness with our comprehensive public relations campaign."
I sincerely hope Ola reaches out to Snapchat to let them know there's a solution right around the corner...literally.
Peeks new office is in LA and Snapchat is located in Venice Beach.
Shedding more light on Peeks social commerce differentiation vs social media, Peeks creator Mark Itwaru had this to say,
"We are very excited about this opportunity as it provides both our users with the highest quality content while also allowing us to demonstrate Peeks' ability to generate new transactional and advertising revenues for sophisticated content creators. As the Peeks service grows, we want to ensure we have a strong foundation for user engagement and retention. Providing access to relevant recent video content from major media outlets is a large part of this, however we are also focused on attracting the Internet's top content producers and bringing professionally produced interactive live content to the platform."
Peeks capitalizes on a users call to action through a seamless commerce transaction.
The e-commerce market is a $22 trillion industry.
Interestingly, many of Snapchat's users fall under the millenial category:
Percentage of U.S. millennial internet users that access Snapchat regularly:
30%
This segment is all about e-commerce.
Moreover, the overall large user base creates a massive opportunity for a tech like Peeks to monetize in a meaningful way:
Number of Snapchat users:
150 million daily active users
Snapchat's weakness is Peeks strength.
A combination of the two would create a social commerce behemoth.
* Monetization – Snapchat still needs to implement plans around monetizing the application. It has ever-growing hordes of followers but is yet to generate any significant revenue through sales.
https://themarketinglessons.com/2016/06/swot-analysis-for-snapchat/
88 Amazing Snapchat Statistics (October ...
expandedramblings.com › index.php › s...
AMP - 5 days ago - Percentage of U.S. millennialinternet users that access ... Percentage of Snapchat users that use it because their ...
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25499283#MW6wfDyZgfOIjHk6.99
NAMESHARING GENIUSES: COINCIDENTAL SERENDIPITY?
The 2 Marks
I find it fascinating and prophetic Zuckerberg and Itwaru share the same first name.
They are both geniuses in their own respective right.
They will also share the same geography seeing as Peeks is setting up a shop in Cali.
Both the Marks speak the same language as evidenced by their quotes below.
One Mark is more about monetization whilst the other is more about socialization.
Hmmm...yin and yang for a better bang.
http://www.evranic.com/2016/11/the-social-commerce-unicorn-that-could.html
The Social Commerce Unicorn That Could Ignite Facebook's Global ARPU Growth
Itwaru:
"Live streaming is the future of social networking. We are upping the stakes by launching a purpose-built, addictively engaging and monetizeable platform, that allows all of our users to be their own wealth creators," said Mark Itwaru, chairman and chief executive officer of Keek.
"The service has been purpose built to sit perfectly at the intersection of social and commerce. The time is right and we are thrilled to be bringing live streaming to the Keek audience. We're going to put this already highly praised and hot new service on millions of phones, and remind 75 million and growing consumers why the Keek platform was, is and will always be their place to peek into each other's lives," said Mark Itwaru, chief executive officer of Keek.
"We are very excited about this opportunity as it provides both our users with the highest quality content while also allowing us to demonstrate Peeks' ability to generate new transactional and advertising revenues for sophisticated content creators. As the Peeks service grows, we want to ensure we have a strong foundation for user engagement and retention. Providing access to relevant recent video content from major media outlets is a large part of this, however we are also focused on attracting the Internet's top content producers and bringing professionally produced interactive live content to the platform," said Mark Itwaru, chief executive officer of Keek.
Zuckerberg:
" The question isn't, 'What do we want to know about people?', It's, 'What do people want to tell about themselves?' "
" Our mission is to make the world more open and connected. We do this by giving people the power to share whatever they want and be connected to whoever they want, no matter where they are. "
"Move fast and break things. Unless you are breaking stuff, you are not moving fast enough."
"By giving people the power to share, we're making the world more transparent."
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25493926#aTSPEUfcJPIfvJK8.99
Monday, 21 November 2016
The Social Commerce Unicorn That Could Ignite Facebook's Global ARPU Growth
Follow me on Twitter
Follow me on Seeking Alpha
Summary:
Facebook has had outstanding financial results in 2016, however the stock has pulled back since Q3 results.
Despite recent performance, investors may be wary of future growth prospects given the size of the company and ARPU challenges lying ahead.
Facebook has been an aggressive acquirer and I believe it will be again in order to capitalize on the trend of monetized livestreaming.
Peeks is a newly-released ecommerce enabled livestreaming platform that claims to be the only one of its kind with 100% in-house payment processing.
After just three weeks of going live, Peeks has demonstrated the strength of its livestreaming and payment processing capabilities and has signed several agreements with large firms.
Facebook, Inc. (FB) has had a strong 2016 by all accounts. Revenue is up 56% from the first nine months of 2015 and EPS has nearly tripled from $0.75 to $2.05 during that same time frame. Despite that, the stock has pulled back about 10% from the start of the month when Q3 financials were released. The bearish case on FB is that despite still being the leader in social media after all these years, despite the strong growth and despite an ARPU that is the envy of its rivals, its valuation metrics are stretched and user penetration is reaching the point of saturation.
Facebook has a trailing Price to Earnings ratio of 45 and forward P/E of 22 which are justified by a PEG Ratio of 0.83 based on analyst expectations of a 35% average annual EPS growth rate over the next five years. For a company with an over $330 billion market cap, this is going to be a very challenging expectation to meet. Facebook must continue to acquire and innovate in order to maximize the monetization value of its massive user base and justify its valuation.
ARPU: Excellent growth, but more can and needs to be done
Any investor should recognize Facebook's marvelous achievement of growing ARPU from $2.40 per quarter in Q3 2014 to $4.01 per quarter in Q3 2016. That, along with user base growth, has powered a more than doubling of revenue in a two year time span. Impressive, since we are talking about numbers that grew from a little over $3 billion a quarter to $7 billion a quarter solely on the strength of ad revenue.
Source: Facebook's Q3 10-Q
While everyone can respect Facebook's outstanding growth, there are a couple of areas of concern of which investors should be aware. First, ARPU strength has been highly regionalized. The United States and Canada, which comprise roughly 5% of the world's population, make up about half of Facebook's revenue. ARPU in this region was $15.65 in Q3 2016, over four times higher than the rest of the world. Monthly active users in this region were 229 million for Q3 2016 and have consistently growth 2 to 3 million a quarter since 2014. The combined population of the U.S. and Canada is 360 million, meaning MAU penetration is already 63.6%. Pretty much everyone in these two countries who are going to use Facebook are already using it (outside of teenagers who will soon gain their independence), and I wouldn't put money on the extreme laggards being positive drivers of ARPU.
Other than population growth in North America, Facebook's growth is going to have to be driven by users outside of its hot zone. Looking at the ARPU outside of North America and Europe, it resembles a lot more like Snapchat's ARPU metrics than something that would resemble Facebook:
As North America will make up a shrinking part of Facebook's revenue pie going forward, that will put pressure on global ARPU metrics. However, it also opens up a world of potential for the company to pull levers to increase its ARPU in these low-ARPU regions.
The second obvious issue when analyzing Facebook's revenue growth is its lack of success in monetizing anything outside of ad revenue. Its payments and other fees category is defined as:
"We enable Payments from people to purchase virtual and digital goods from our developers. People can transact and make payments on the Facebook website by using debit and credit cards, PayPal, mobile phone payments, gift cards, or other methods. We receive a fee from developers when people make purchases in these applications using our Payments infrastructure. We recognize revenue net of amounts remitted to our developers. We have mandated the use of our Payments infrastructure for game applications on Facebook, and fees related to Payments are generated almost exclusively from games. Our other fees revenue, which has not been significant in recent periods, consists primarily of revenue from the delivery of virtual reality platform devices and related platform sales, and our ad serving and measurement products."
Worldwide payments revenue has dropped from 7.7% of overall revenue in Q3 2014 to 2.8% of overall revenue in Q3 2016. Payments ARPU has dropped from an already paltry 18 cents in Q3 2014 to just 11 cents in the past quarter. The extremely heavy reliance on advertising revenue and the to-date failure to monetize outside of that could be troublesome as users may eventually tire of the inundation of ads on their news feeds and other areas of the site. A purchase like Oculus VR (a deal that I supported) may have seemed out of the blue at the time, but the company is right to try to diversify its revenue stream while also capitalizing on being the hardware and content platform of a speculative future trend like virtual reality.
While payments revenue has been pathetic, the flip side to this is that not one of Facebook's 1.8 billion monthly active users are earning a penny for spending time on the site. Facebook has an absolute monster opportunity to monetize and pay its base for the massive amount of content and traffic that they generate. This is an opportunity that the company recognizes as it has started to explore new ways for users to profit from their posts on its network. There is one such opportunity that I think could lead to explosive revenue growth if it is pursued.
Peeks: The platform that could ignite a new source of revenue for Facebook and its 1.8 billion users
Facebook is certainly not shy to the acquisition method of growth, having purchased Instagram, Oculus and WhatsApp in multi-billion dollar deals over the past four years, along with LiveRail, a publisher monetization platform for about half a billion, and several dozen other companies. With the emergence of Facebook Live and Smartphone-based livestreaming in general, I believe that the company will be aggressive in this burgeoning industry, particularly with apps that have demonstrated successful monetization. Mark Zuckerberg has tipped his hand with this important insight as to where he thinks augmented reality, a sensation that would rely on livestreaming, is headed:
"The biggest thing that I think we can take away from this as we invest in augmented reality in addition to virtual reality is that the phone is probably going to be the mainstream consumer platform [where] a lot of these AR features first become mainstream, rather than a glasses form factor that people will wear on their face."
YouNow was the first social network that enabled users to broadcast live and has since introduced its partner program for eligible users. Viewers buy bars which can then be used to buy in-app gifts to "tip" content providers that they like. Those content generators are then able to redeem those gifts for real money. There are several platforms that run on this same basic premise, though YouNow appears to be the largest, claiming over 100 million monthly users. Busker is a platform that allows musicians to broadcast and viewers to tip them, with a recent feature addition that allows musicians to sell their merchandise to their fans as well. Both of these platforms, along with similar ones, charge a fee that usually ranges between 30% to 50% of the tips generated. Some of them may have advertising while others will not, but the main source of revenue for all of them is the fee generated from their cut of the tips. Not advertising revenue.
Peeks, an ecommerce enabled livestreaming platform that is essentially 30% owned by Keek Inc. (KEEKF) (KEK.V) may be the best target of them all. What makes Peeks so special and why might Facebook be interested in the platform? First, I recommend that interested investors go to Peeks.com and download the app for themselves. As it has just been released to the world three weeks ago, the content generated by users so far might not yet be too stimulating, but the point is to get familiar with the technology that powers the high-quality live streams and built-in payment technology. It debuted on October 31 with a Halloween party. The party mostly featured B through Z-list celebrities babbling to each other for the first three hours before musical guests finally made it interesting for the final two, but the CEO was ecstatic that on the first night of going live, the app managed to handle a five-hour long, high-quality livestream from multiple cameras with no glitches. The purpose of the party was to prove the virility of the technology. The CEO of Peeks (as well as Keek and his private holding company Riavera and its subsidiary Personas), Mark Itwaru, has built a career in the payments processing industry and has spent nearly $20 million into the patented and patent-pending technology behind Peeks.
What differentiates Peeks from YouNow (which uses Google or Apple to process its layered system of payments) and Busker (which uses Stripe), is that Peeks does not use a third party payment processor. The CEO has claimed that Peeks is the only app of its kind that handles all of its own transactions. That means 100% of the revenue is shared between Peeks and the individual users. Avoiding a third party payment processor would save hundreds of millions annually in charges for a company the size of Facebook that could generate billions in tips.
Peeks also has a more liberal revenue sharing policy when compared to similar livestreaming platforms. For instance, while YouNow users must apply for eligibility into the partnership program, anyone using Peeks can start earning tips and cashing out as long as they have provided legitimate banking information. I believe that this is a huge policy advantage that will attract users from around the world, but particularly from developing nations. Individuals posing as journalists may risk their lives to broadcast political unrest in their countries. When broadcasting on Facebook Live, Periscope or a monetized app in which the user is not an eligible partner, they don't get paid. They can always direct their users to a GoFundMe page using those other platforms, but this is not nearly as effective or efficient as Peeks' built-in tipping capability that is up to the viewers' discretion and saves the content provider the indignity of openly begging.
Keek's legacy app had a very strong presence in the Middle East. Now that it has merged with Peeks, Peeks has inherited that presence. Keek.com redirects to k.to which features Peeks Video. According to its Alexa rankings, k.to is already in the top 5,000 of most visited sites in Saudi Arabia after just three weeks of existence. The second strongest ranking country is Egypt, ranking just outside of the top 30,000 sites. So coupling the efficient tipping method with Keek's popularity makes Peeks very appealing to people in developing nations, an area of the world where Facebook's revenue badly lags and will continue to badly lag if it relies solely on advertising revenue. Advertising in these regions earn a much lower rate than in North America.
With all that being said, Facebook could develop its own "tipping jar" and apply it to Facebook Live. It could also have developed its own Instagram or in-house VR headset if it wanted to. The company is not afraid to throw around billions for a company when it believes it can either monetize its large user base or leverage its technology. The question then becomes would Facebook be more compelled to look at something like YouNow which has a significant user base already, or something like Peeks where the user base is small at the moment (though growing at 6,000 users a day) but has the built-in payment technology?
I believe the latter would be the wiser choice. Under the buyout scenario, Facebook could redirect any livestreaming traffic to Peeks that would be driven by the incentive to generate tips. A YouNow acquisition would likely go in the opposite direction where Facebook tries to integrate it with its own payment processing system. Given Facebook's large and growing network of advertisers and diverse mediums in which to display ads compared to its relatively small and stagnant payments division, I am not so sure that the company has fostered the culture where monetization of livestreams would be an easy task to complete internally. Much of the company's best resources would have gone to maximizing ad revenue so far, and for good reason. But a mind like Mark Itwaru's might be exactly what the company needs to kickstart a massive growth in content-generated revenue.
Keek: The investment opportunity for speculative investors betting on the social commerce revolution
As I mentioned above, Peeks is essentially 30% owned by Keek through a Technology Platform Licensing Agreement between itself and Personas, the private holding company of CEO Mark Itwaru who owns the intellectual property behind Peeks. I have written several blogs on Keek since September 22 on Seeking Alpha that which I recommend investors who are unfamiliar with Keek read.
Trading in OTC and TSX Venture-listed stocks like KEEKF will be volatile and risky, but I believe that I have captured the major risks and opportunities in my post titled "Peeks: A Summary Of My Expectations, Opportunities And Risks", which includes an assessment of the state of the company's financials. I held an interview with Keek's CEO in my post titled "Twelve Questions With Peeks Creator And CEO Mark Itwaru" along with a short follow up interview in my post titled "Two Additional Questions With Peeks Creator And CEO Mark Itwaru". I strongly recommend that interested investors at least read these three posts if not my entire library of posts on the company.
As I mentioned above, Peeks went live with its full version on Halloween night. In the three weeks since then, it has already signed an agreement with Warner Bros. Records where it will showcase emerging artists. It has procured the broadcasting and monetization rights to over 500,000 short form videos and over 1,000 daily videos including content from media industry leaders such as National Geographic, Reuters, CBC, Road & Track, HollyScoop, CelebWire, Seventeen, Esquire and MakerStudios. After those two deals were already announced, Peeks engaged Los Angeles based PMBC Group to lead its product marketing and media initiatives, so investors can expect the agreements made with large players to continue.
While my hypothesis in this article is that Peeks, and thus Keek by extension, is a buyout target of Facebook, I am actually in no rush to see it happen. Management has forecasted only a $150,000 to $175,000 monthly burn rate on Keek as Personas has taken on three times as much of the costs. So if Keek is taking 30% of the revenue and only 25% of the cost, Keek shareholders benefit from having the company stay public for as long as possible. Keek will actually be profitable thanks to its stake in Peeks before Personas' stake in Peeks becomes profitable. And considering that the monetization model has been in place since day one, I don't expect it to be too long before profits are had.
Why would the CEO do this? As he stated in my follow up interview with him, he wants the public listing to do well because it is a reflection of his overall value. If Keek, and its 30% stake in Peeks is valued at a $300 million market cap, for instance, that would imply a total valuation of $1 billion for Peeks and Personas' 70% stake would be worth $700 million. In addition to being the CEO, Mark Itwaru owns about 35% of Keek on a fully diluted basis.
I believe that I have stated a fair case for an investment thesis in which risk-tolerant investors can use as a basis for their own due diligence on Keek. I remain confident that Keek will continue to run and I believe that anyone interested in a growing social media play that has had a proven monetization model from day one will agree with me. Whether that results in Facebook sniffing around in order to enhance its ARPU, another company kicking the tires or Peeks going at it alone, all scenarios should lead to a lucrative outcome for Keek shareholders.
As for Facebook shareholders, I think it is prudent to expect the company to start diversifying revenues. A tipping jar on its livestream and post content that is then shared between the company and the users that generate the content is very low-hanging fruit that the company absolutely needs to be taking advantage of if it wants to continue its high growth trajectory. Expect an acquisition in order to facilitate this opportunity.
Disclaimer: The author is long KEK on the Toronto Venture Exchange and retains the right to buy or sell Keek securities at any time. This article is for informational purposes only and the author does not guarantee its accuracy or completeness. It is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. The author is not a broker, dealer or registered investment advisor and is not attempting nor intending to influence the purchase or sale of any security.
Edward Vranic
Share
No comments:
Post a Comment
Links to this post
Create a Link
http://www.evranic.com/2016/11/the-social-commerce-unicorn-that-could.html?m=1
IMAGINE THE POSSIBILITIES
Repost of a great post from Stockhouse
RE:Itwaru vs. Speigel Snap CEO? Guru or out of his League
Lets take account of the valuatuons being proliferated re: Snapchat (SC) - this is a platform that in many ways is inferior to what Peeks offers. SC has length limits, no capacity to monetize content. In short they allow users to distribute content without compensation.
Peeks offers what is akin to an evolutionary rising from the depths of such pits. The possibilities are literally endless. From the mechanic who used to provide YouTube videos on how to change your oil filter, to the stripper who wants to make some online cash for a striptease, to the political advocate selling a message which engages folks to the point of freely tapping the "Tip" button; the revenue streams are beyond what we can imagine. Such is the pace of innovation and evolution in online video content.
This platform Peeks offers us is an incubator of innovation. I think even the most radically high estimates of potential valuation are conservative. We have before us the turning point of e-commerce vis--vis producing content. We are talking Church sermons, Mosque sermons, disaster relief, political advocacy, pop culture proliferation, handyman repairs, sex industry.... the possibilities are endless...
Monetizing content is the key here. Its what no other platform offers, but what Peeks guarantees. This is this next facebook. I specifically did not say Twitter, because Twitter has nowhere near the capacity to monetize content like Peeks does. They acquired Periscope which is a dud. How does Periscope boost Twitter's earnings ? Short answer it doesnt. So that leaves Twitter needing Peeks as much as Facebook, or Google, of Yahoo (their revival?).
I put my money where my mouth is here and the more I use the App, the more confident I am. Yes, it is in the early launch stage and has some glitches. Those are easy to fix and will be fixed. And feedback to the company is welcome. But this App truly revolutionizes the nexus of social media and e-commerce; the latter being far more profitable.
Imagine how Home Shopping Channel whill embrace the "Buy Now" button when they broadcast of Peeks. The Chruches broadcasting their services and getting donations via Peeks; the Trump supporters supporting his targeted rhetoric; the technicians telling you how to stop your fridge from leaking water on the floor. All of it can now be monetized. This is a game changing concept and technology.
For the longs my advice is just advise people to use the App and imagine the possibilities. Any sane, cogent person will at that point put the family farm into this company and we will all get rich together.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25487979#7Z353TIe1fk5md7R.99
Itwaru vs. Speigel Snap CEO? Guru or out of his League
It begs to be seen if Snapchat current revenues wil be able justify the earnings multiple that they will demand when they go public. What I do know is that once Peeks finishes onboarding the ~75mm inherited users from Keek and organic growth is accounted for (6000 users/day as per last PR), KEK will have a quantifiable and verifiable revenues. What the Average Revenue Per User (ARPU) will be is anyones guess, but I expect something significantly higher than the current encumbangts (FB,SC,Instagram).
Once US markets see what we have on our hands and grasp the enormity of the IP that Itwaru has created, a NASDAQ listing would propel this stock to a level I wont quantify in a public forum.
Considering SC valuation of 25B with 70% going to Personas, we are left with 7.5B USD as a relative valuation. 10.125B CAD/share of KEK (~55mm fully diluted) = $184 CAD
Silly numbers right? Its gets even crazier when I multiply that number by my actual holdings. Now I'm not implying that is or should be our current valuation, but I among many other posters here do use Snapchat as a comparable social media company in order to establish some kind of barometer for a valuation.
Now with the coming arrival of 'offer box' as its been described on this board is what will set this company apart from the social media companies and create a social commerce vertical. The social commerce vertical is completely new and untested. What we can gather is that e-commerce market which Banx pointed out in earlier post (according to a link) is worth US$ 22 trillion is where the TRULY PHENOMENAL potential for KEK lies. I argue that comparing KEK to Snapchat is a waste of time. I believe the true potential for KEK lies in the commerce aspect that it ads to social interaction of social media.
What if I told you the true comparison is to Amazon (300B). What we have on our hands is the democritization of commerce. Everyone's personal social media channel is now commerce enabled -- both in realtime and in past broadcasts. The potential here for an aquistion by FB to enhance the monetization capabilities of their ~1.7 billion users is nothing to be sneered at. What this could add to their bottom line could increase their market cap by $100B +.
My parting thoughts as i depart on a business trip on which I will have no internet access for the coming week: Rome wasn't built in a day. Itwaru sees the battle field infront of him and is marshalling his forces for a full frontal assault on the current static Pieces (FB, SC, Amazon, Ebay?)
I will travel and rest assured that we are only getting started here and that whether the stock is $2-3 dollars by next weekend or more or less, I've got cheap seats to what is shaping up to be (and already has been) a tool of unprecedented wealth creation.
Enjoy the ride and see you all next week!
SPsniper!
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25485014#atP7QTU8bUo9BMCT.99
Before year end but im guessing it may be a pre-christmas surprise.
;)
@PLAY SOCIALLY IN FIELDS OF E-COMMERCE
I'm a long time investor that loves to talk up my investments.
Some would call me a pumper while others would label me as a pro-active investor.
Whatever the title, this is one story that's hard not to talk about.
All too often, we see fat talking public company CEO's going on about how great their company is and how they are going to change the world.
For the most part, these self-serving protectionists of their undeserved investor fuelled salaries offer up 99% lip and 1% rip.
Their failure to deliver is manifested in their lack of monetization and their constant hand gravitation to investor pockets.
Once in a rare while, the real deal comes around.
This is one of those rare times.
We have a CEO that's not interested in doing any dilutive financing.
We have a CEO that doesn't even draw a salary (full disclosure:I heard this 3rd party)
We have a CEO that has over $23 million of skin in the game.
We have a CEO that has genius certification as evidenced by his patent holdings.
Mark Itwaru is a most unusual guy indeed.
The Deal: Keek Inc. offers high visibility to their investors by way of the Peeks app (see peeks.com and download it today).
The app speaks for itself literally.
It is cutting edge livestreaming.
But with a difference.
Peeks has a built in proprietary payment technology that enables real time real money commerce exchange.
This is very very very important because it is this additive that is the nitroglycerin to transacting commerce.
Every multi billion dollar social giant is missing this additive: Facebook, Snapchat, Twitter, Instagram et al.
I'm going to keep this post short but I will leave you something to think long and hard about.
I have posted a link below.
Look at that headline.
Yup, that's the arena Peeks will soon be entering.
Enter the "offer box".
Coming soon......
Global e-commerce market is worth $22 trillion: UNCTAD - The Economic Times
economictimes.indiatimes.com › ... › Retail
Jul 19, 2016 - China is the worlds largest business-to-consumer (B2C) ecommerce market, both in terms of sales and in number of online shoppers, followed by the US and Japan.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25484501#Z5suXyyLOYY1IMiG.99
Leb, let's spread the word.
Are you in the US?
This has been under the radar but I suspect this situ is about to change.
With the tech Peeks has and the Keek user additive, this company should be valued @ closer to a billion dollars today!
Exciting days ahead.
I hope we all make a boatload.
Finally some profile and awareness.
The Keekf CEO is not a stock pumper but rather a methodical businessman who believes in promoting his product.
The stock always reacts to good business.
SOURCE: Keek Inc.
Keek Inc.
November 17, 2016 06:00 ET
Keek Selects Los Angeles Based PMBC Group as Marketing and Media Partners
TORONTO, ON--(Marketwired - November 17, 2016) - Keek (TSX VENTURE: KEK) (OTCQB: KEEKF) today announced that it has engaged Los Angeles based PMBC Group ("PMBC") to lead its product marketing and media initiatives. PMBC is a leading technology PR firm with expertise in apps, e-commerce, fintech, and other key areas that form the core of Keek's corporate and business strategies. PMBC's efforts will be focused on the user growth and media awareness of the Peeks product, which has been gathering significant attention since its launch in October 2016. In addition to engaging PMBC, Keek is opening an office in Los Angeles to facilitate communications with key industry partners including celebrity influencers, brands, and media and entertainment companies.
"We are excited to be working with Peeks as they lead the social commerce revolution," said Ola Danilina, Chief Executive Officer and Founder of PMBC. "A social commerce enabled livestreaming platform, Peeks gives broadcasters the opportunity to sell physical and digital goods to viewers and partake in revenue sharing opportunities. We are proud to play a key role in the Peeks' story, as we generate significant media awareness with our comprehensive public relations campaign."
"We are thrilled to be working with PMBC, a proven technology PR industry leader. We are confident they will be instrumental in helping us achieve our goal of making Peeks a global brand," said Mark Itwaru, Chief Executive Officer of Keek. "The time to reinitiate marketing efforts has arrived and the product is ready for prime time. In addition, having a presence in California allows us to be on the ground with other industry leaders such as Facebook, Snapchat, and YouTube."
More information about PMBC can be found at www.pmbcgroup.com.
The Peeks app can be downloaded in either the Apple or Google app stores, or by visiting www.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.
Forward-looking statements:
The information and statements in this news release contain certain forward-looking information regarding marketing and media awareness initiatives focused on the Peeks product and the establishment of a Los Angeles office space. 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. Keek's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Keek undertakes no obligation to publicly update or revise any forward-looking information.
CONTACT INFORMATION
For further information, please contact:
Keek Inc.
Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
mark@keek.com
2ND GUESSING GENIUSES
No one on this board falls into Itwaru's genius category--not even me.
There's lots of fanciful and imaginative scenarios being painted but it remains in the land of conjecture and not fact.
Keek owns 30% of Peeks.
Plain and simple.
Black and white.
Personas, Itwaru's private co owns the other 70%.
Personas also pays the bulk of the expenses: technology, marketing etc.
Keek will enjoy an all net income scenario after allocating for a low monthly burn rate.
Keek has $76,792,470 in carry forward losses.
Itwaru has always considered Keek valuable.
Well over a year ago, when Keek was run by an inferior management breed, he did a 10% licensing deal for the Keek platform to take advantage their very large user base.
Through his private holding company, Itwaru also injected $1 million into a Keek PP and paid out a $3 million debt held by a well known and long time Keek shareholder which was subsequently converted into shares of Keek.
This gave him an approximate 40% position of the overall Keek cap structure.
I believe Itwaru's company also holds 6 million warrants which he said he would exercise if need be to provide Keek with additional capital rather than dilute through any financing.
His affection for Keek also became transparently evident when he assumed the role of CEO in March of this year.
His high regard for Keek and its shareholders was doubly manifested when he upped Keek's stake in Peeks to 30% subsequent to becoming CEO.
He did not have to do this.
However, it made prudent and practical sense to do so because the public company serves as a barometer in measuring the value of the private co, Personas.
This is one guy with a lot of skin in the game.
He has revealed he has spent $19.3 million on the technology that has gone into Peeks to date including some very valuable patents.
Add to that number his $4 million spend into Keek and you get a whole heap of commitment.
It is rare to see the like of a CEO with such a hard dollar personal stake in his business and even more importantly for Keek shareholders, his negative sentiment for dilutive financing.
Itwaru is going to be a billionaire a few times over.
Of this I have no doubt.
The Peeks app he has created is only going to get bigger and more popular.
By applying his payment technology genius to social media he is out to disrupt in a large way.
He has taken leadership of the social commerce space by virtue of his creation, Peeks.
All I can say is when Itwaru's billion dollar status comes, fortune will also find its way to Keek shareholders.
I see so much upside here.
Long KEK.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25467065#lrfy5QpCPDpRXgXb.99
TO BOLDLY MONETIZE WHERE NO ONE HAS MONETIZED B4
The below comment from today's release spells out a boatload of content for Peeks.
It also spells out a boatload of revenue opportunities:
"Keek Inc. has entered into a content licensing agreement for use in the recently launched Peeks service. The agreement provides Keek with broadcasting and monetization rights to over 500,000 short form videos and over 1,000 daily videos including content from media industry leaders such as National Geographic, Reuters, CBC, Road & Track, HollyScoop..."
How you ask?
Lets take National Geographic as an example.
They put out a video on Tanzania that depicts a safari like setting and an Expedia ad comes up offering a discounted safari expedition....book now in the moment compliments of Peeks payment technology.
Another example, a Road and Track video offers a drive a Porsche at the track deal---now you have Porsche and the track offering advertising and transactional value.
This is heady and serious stuff.
Itwaru is exploiting every possible opportunity and he says it himself:
"We are very excited about this opportunity as it provides both our users with the highest quality content while also allowing us to demonstrate Peeks' ability to generate new transactional and advertising revenues for sophisticated content creators.
Note the dual revenue drivers--transactional and advertising.
At the end of the day, the scenario is mutually accretive from a revenue standpoint to both Peeks and the media company.
The metrics here are insane for lack of a better word.
Itwaru is a double dipping master---ALL TO THE BENEFIT OF KEEK SHAREHOLDERS.
Despite the seemingly large movement in the share price over the last 13 sessions, the stock remains totally undervalued given the SOCIAL COMMERCE DYNAMICS in play.
No multi billion dollar social media entity can share Peek's bragging rights.
Peeks is not a social commerce king but THE SOCIAL COMMERCE KING.
Have a pleasant sleep everyone.
A BLACK HOLE OF NOTHINGNESS
Wow----what a statement from an ad exec describing Snapchat's metrics.
Snapchat has a huge problem when it comes to revenue.
Imagine superimposing the Peeks platform onto Snapchat's platform with their 200 million user base?
What you would get is a social commerce monster of epic proportions.
Now imagine doing the same thing on Instagram.
I believe I've made my point.
Today will be a good day.
Like I've said many times, we are only seeing the tip of the iceberg when it comes to properly valuing the Peeks platform.
-------------------------
Multiple brand execs have told Digiday that the hardest thing to swallow about Snapchat currently is that in a marketing landscape obsessed, ostensibly, with measurement and transparency, Snapchat worries them because it doesn’t provide the kind of metrics platforms like Facebook and Google do. One small-company marketer said that it’s hard for him to convince his bosses to spend on Snapchat because of that lack of measurement. Another marketer joked that his company should take the money they may spend on Snapchat, burn it, and Facebook Live that experience. “At least I’ll get measurement out of it.”
.
.
.
Another worry, though, is how much data Snapchat is willing to share about its users. The company claims that according to Nielsen research funded by Snapchat, it reaches 41 percent of 18- to 34-year-olds in the U.S. And, supposedly, the vast majority of its users are under 40. But beyond that level of nuance, things become unclear. One brand-side executive said he asked Snapchat what the breakdown was, and it was closer to 90 percent of those users were between 14 and 22 — not exactly demographics brands what to target. “It’s a black hole of nothingness,” said this executive.
http://digiday.com/brands/snapchat-grows-brands-feel-pain/
UBER OF SOCIAL COMMERCE
Great Seeking Alpha blog by well known investor, Mr Edward Vranic.
As usual the guy nails it by articulating a rationale that is both methodical and practical.
The creator of Peeks is a certified, "patented" genius.
http://seekingalpha.com/instablog/1107010-edward-vranic-cfa/4932191-twelve-questions-peeks-creator-ceo-mark-itwaru
MOST IF NOT ALL INVESTORS FANTASIZE ABOUT
Finding a deal like Uber, Facebook, Twitter, Google, Snapchat, Alibaba, EBay, Amazon et al at an early stage.
A few Billionaires were made along with many many many millionaires.
Ed VRANIC totally gets the potential of Peeks--see his article below.
All the multi billion dollar Giants had one thing in common when they started out: the technology was
disruptive.
Peeks underscores the commonality of this theme: it is disruptive technology in a lucrative business space.
One of the best examples of getting in early on a killer investment is Peter Thiel and his $500k investment in Facebook which ultimately turned into more than a BILLION DOLLARS.
Facebook's first big investor, Peter Thiel, cashes out - Aug. 20, 2012 - CNN Money
money.cnn.com › facebook-peter-thiel
Aug 20, 2012 - Peter Thiel and his associated investment furns sold about 20 million Facebook shares, in sales ... off most of his stake, turning his initial $500,000 investment into more than $1 billion in cash.
http://seekingalpha.com/instablog/1107010-edward-vranic-cfa/4932191-twelve-questions-peeks-creator-ceo-mark-itwaru
Peeks Service Experiences 4,000% User Growth Following Launch
TORONTO, ON--(Marketwired - November 07, 2016) - Keek (TSX VENTURE: KEK) (OTCQB: KEEKF) today provided an update on the initial launch of the Peeks service. The Peeks service was launched as a beta product in August 2016, and the full service was launched on November 1, 2016. Peeks is described as "an ecommerce enabled livestreaming platform." The Peeks service allows users to livestream themselves on their own personal interactive ecommerce enabled mobile broadcast.
In the first few days following the full launch of the service, new registrations on Peeks were already averaging over 6,000 per day, an increase of approximately 4,000% from the beta product. The growth is being driven by a number of factors, including most notably, legacy Keek mobile users updating to new Peeks accounts, a number of early celebrity influencer programs, and through organic growth. In contrast, the enormously successful legacy Keek apps, which now exceed 75 million registered users, took approximately one year to reach similar daily registration levels. The Peeks service users found in the Peeks apps and included in these metrics do not include the significant user base still using the 36-second pre-recorded social video Keek products. A legacy Keek user must actively use the new Peeks service to be listed in the new app.
"We are thrilled that the adoption of the Peeks service is occurring so rapidly. The early flow of users and content has met our expectations. In response, we will be introducing additional regionalization and categorization tools very soon, which we feel will not only improve the user experience but also increase content generation as creators will be able to better target their desired audiences," said Mark Itwaru, CEO of Keek. "In these first few days we've already enjoyed thousands of livestreams from all over the world, seen some of our celebrity influencers receive hundreds of thousands of 'likes,' and most importantly, rapidly scaled a livestreaming social commerce platform with no downtime or service interruptions to either the streaming platform or the ecommerce engines. It's been an amazing first week."
Keek also announced that it has issued 2,236,500 common shares pursuant to the exercising of 2,000,000 warrants with an exercise price of $0.25 and 236,500 warrants with an exercise price of $0.30, resulting in total gross proceeds of $570,950 being received by the Company.
The Peeks app can be downloaded in either the Apple or Google app stores, or by visiting www.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.
Forward looking statements:
The information and statements in this news release contain certain forward-looking information relating to the development and growth of the Peeks product as well as early user registration data which may be interpreted or applied as forward-looking information by a reader. While the initial uptake of the Peeks service has been strong, this data should not be relied upon to predict future performance nor does Keek guarantee that similar registration rates or growth trends will be maintained. In addition, the 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. Keek's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Keek undertakes no obligation to publicly update or revise any forward-looking information.
CONTACT INFORMATION
For further information, please contact:
Keek Inc.
Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
mark@keek.com
NO MONEY, NO LOVE
There has been much talk of the failure of Vine and the start of the conversation is because of a lack of monetization but this weakness is problematic for all social media platforms.
It also comes down to loyalty...and rewards.
While content is indeed King, users are the King's treasury.
Users go where they feel most loved.
The love is a trinitarian one: the platform has to be good, users must be able to attract followers (or what's the point?) and there must be a reward mechanism that creates loyalty.
Users being able to self-monetize is the ultimate loyalty/reward tango.
Peeks currently allows users to monetize by way of a real time real money tipping mechanism.
Developments are under way to add to this by way of an "offer box" whereby broadcasters can sell/promote products during a livestream.
What better way to treat your users than enabling them to make money?
An attached proprietary payment tech does the trick.
--------------
So the question for platforms is a complicated one. They’re driven by the need to continue to grow traffic. That’s the metric that pundits and tech journalists watch to declare who’s hot, and who’s not. And traffic is generated by both the mass consumer creators, and it turns out a handful of motivated and creative professionals.
This isn’t a problem just for Vessel or Vine.The same power dynamics are likely to arrive at the doorstep of Snapchat, Instagram, Musical.ly, even Facebook. Audiences connect with talent, and talent is able to shift platforms – and bring their fans with them.
.
.
.
But what can platforms learn from the death of Vine? Well, it may just be that Content is in fact, King. And platforms are merely the currently popular throne on which the kind sits.
That would make for a tough future for traffic hungry tech companies. Best to treat your star talent nice, before they start thinking it’s time to zoom off to the next hot mobile app.
Death Of Vine Should Be A Lesson To Other Social Media Platforms - Forbes
www.forbes.com › sites › 2016/11/02
4 days ago - There's been plenty written about Twitter's decision to pull the plug on Vine, the 6 Second video sharing app that was - for a moment - the hot new thing in video content creation and distribution. But once ...
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25429531#tvUh02G2csZtkyrZ.99
FACEBOOK'S SNAPCHAT PROBLEM IS PEEK'S SOLUTION
Zuck says the camera is the future of sharing and communicating.
Funny thing, Itwaru already knew that.
No one has the Peeks advantage: video upload plus livestreaming plus real time monetization.
During Facebook's quarterly earnings call this past week, Zuckerberg explained that Facebook now sees the camera as the future of how people share and communicate.
"In most social apps today, a text box is still the default way we share," he said. "Soon, we believe a camera will be the main way that we share."
Facebook is finally getting serious about its ‘Snapchat problem’
Business Insider - 1 day ago
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25430366#jmDDoQME6SPg75sI.99
THE MAN, THE LEGEND--A MANIFESTATION OF GREATNESS
WHO IS MARK ITWARU?
Well for one thing, the guy is a certified genius.
The filed patents indicated below shows an active mind with demonstrated abstract and methodical thinking.
The payment/processing patent filings show technical brilliance in the sphere of payment technology.
Itwaru has taken this genius and applied it in an online social setting.
He has brought to the virtual world the first true social commerce livestreaming/video upload app known as Peeks.
This is a gamechanger.
User self monetization in real time and in real dollars is here.
Peeks will be a revenue monster.
Critical mass is already starting to build and user growth is escalating daily.
No social platform offers what Peeks has.
I continue to be amazed no one has done what he has done.
Not Facebook, not Instagram, not Google, not Twitter, not Pinterest and not Snapchat.
We have singular genius at play in the land of Peeks.
Mark Itwaru | LinkedIn
https://ca.linkedin.com › mark-itwaru-43...
Toronto, Ontario, Canada - ?Chairman and CEO Keek Inc. Founder and Chairman Peeks Inc. - ?Keek, Inc.
LinkedIn is the world's largest business network, helping professionals like Mark Itwaru discover inside connections to ... Navaho Networks was and industry leader in devloping proprietary payment processingsolutions.
Mark Itwaru Inventions, Patents and Patent Applications - Justia Patents Search
patents.justia.com › inventor › mark-itwaru
USPTO patent applications submitted by and patents granted to Mark Itwaru. ... Abstract: A system for payment processing of a transaction request associated with a product purchase by a customer with a mobile device, ...
Mark Itwaru - Patents - FreshPatents.com
www.freshpatents.com › Mark-Itwaru-To...
Recent bibliographic sampling of Mark Itwaru patents listed/published in the public domain by the USPTO ( USPTO ... A system for payment processing of a transaction request associated with a product purchase by a ...
Mark Itwaru - Patent Inventor - FreshPatents.com
www.freshpatents.com › Mark-Itwaru-To...
06/18/15 - 20150170180 - A system for payment processing of a transaction request associated with a product ...
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25427725#TehUZb2hFuO1ki7K.99
Chance, very few US investors even know about this stock.
Anyone using the Peeks livestreaming app is having a good ole time.
The app has gone viral.
The valuation of this company is extremely low given the tech space.
The potential upside is mind blowing.
Welcome aboard.
SLEEP DOESN'T COME EASY
PEEKS CURRENT VALUATION
The Keek app is dead, long live the Peeks app.
Peeks has now achieved critical mass.
This mass of users now have the ability to self monetize and in turn drive revenue to the Peeks platform.
All social media properties including Facebook, Instagram, Snapchat, Twitter, Pinterest and YouTube LACK USER SELF MONETIZATION ENABLENCE by way of a platform attached proprietary payment tech.
What they need, Peeks has.
Itwaru has proven out his real time real money tipping model which is a precursor to the highly anticipated offer box.
The big dollars will be generated when product/sales promotion takes place during broadcasts.
The offer box will be the fly fishing lure that reels in large brands and celebrities of high profile note.
A social commerce user is worth far more than a mere social media user.
If you consider Peeks imported 75 million user registrations compliments of Keek, the implied value of Peeks is well into the billions.
Even if you cut that number by 2/3rds, you still get a 25 million user number.
Let's now correlate that number to get a clearer valuation perspective.
I'm going to be generous and ascribe a current user base of 200 million for Snapchat vs an estimated Peeks user base number of 25 million.
Snapchat is valued at upwards of $40 Billion.
Peeks is estimated to have 1/8 of Snapchat's user base.
Folks, I'm coming in at $5 Billion.
Bear in mind a social commerce user is worth more than a social media user.
So, it's not simply kumquats to kumquats (I love the name of that fruit!).
This is why I see the extreme potential for ROI with this stock.
Frankly, given the whole outlined scenario it's hard to contain one's excitement about the wealth creation possibilities in holding this investment.
Canadian investors have been down a rocky road and have suffered from past social media tech wrecks.
However, I believe on this go around we are presented with the best social commerce tech spec in a generation.
Snapchat Has 60 Million Daily Active Users In the U.S. and Canada - Fortune
fortune.com › 2016/09/26 › snapchat-us...
Sep 26, 2016 - Snapchat now has more than 60 million daily active users in the U.S. and Canada. Imran Khan, the company's chief strategy officer, publicized the number during the annual Advertising Week ...
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25423290#Xe8iqU4cjClhkw2q.99
MAJOR MEDIA COVERAGE & MASSIVE PEEKS USER POPULATION
November 02, 2016 09:00 ET
Keek Announces Peeks Service Launch and Successful Halloween Launch Party
TORONTO, ON --(Marketwired - November 02, 2016) - Keek (TSX VENTURE: KEK) (OTCQB: KEEKF) today announced that further to its press release dated October 20, 2016, Peeks has been successfully deployed in replacement of the legacy Keek apps. Android users are now receiving the update, with an updated iOS app to be available imminently. The updated Keek apps bear the name Peeks. The "Keek for Messenger" products have been rebranded to "Peeks for Messenger" and are also live in their respective app stores.
"This successful deployment has been over a year in the making. All of the teams did a fantastic job getting this comprehensive livestreaming social commerce platform to full production inside an already vigorous and active social network," said Mark Itwaru, CEO of Keek. "This is a major product advancement and there are more to come."
Keek also announced that further to its press release dated October 25, 2016, the Los Angeles Halloween House Party event was a huge success. The Company was able to thoroughly test out the Peeks service at the event, which took place on October 31st in LA at a secret location. The full five hour event was captured using 12 cameras and a studio TriCaster which were set up in multiple locations inside the venue and streamed exclusively on Peeks from the @CITV user account. Viewers were given an access-all-areas pass, watching interviews of attendees including Mario Lopez, Sommer Ray, Kennedy Summers, Sarah Stage, Chantel Jeffries and Emily Sears and performances by Warner Bros. Records artist Dylan Gardner. The event picked up the interest of media conglomerates Maxim, TMZ, Viva Glam Magazine, Playboy Radio, and others.
"The purpose of Peeks participation in this Halloween event was to showcase Peeks to the celebrity influencers on the ground and to demonstrate the platform's capabilities by offering five uninterrupted hours of camera fed live content in one continuous stream to mobile devices around the world," said Mark. "The event was an overwhelming success. The upside potential is incredible and we're excited for our upcoming initiatives of original programming events and live reality TV. This is the future of interactive television."
The Peeks app can be downloaded in either the Apple or Google app stores, or by visiting www.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.
Forward looking statements:
The information and statements in this news release contain certain forward-looking information. 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. Keek's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Keek undertakes no obligation to publicly update or revise any forward-looking information.
CONTACT INFORMATION
For further information, please contact:
Keek Inc.
Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
mark@keek.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25414582#xmOutkWrSR1oKRBR.99
WARNER BROTHERS RECORDS WILL DRIVE MILLENIAL USER TRACTION
Last night 19 year old Dylan Gardner performed live @ the Halloween party on Peeks.
The kid is good.
He had everyone going.
Emerging artists like Dylan from Warner Bros Records will drive young blood to the Peeks app.
And it is precisely this segment that's comfortable with online transactions.
The future bodes well for Peeks offer box.
There will be a ton of money to be made as broadcasters promote themselves and products.
Last night @ the Peeks party, Coca Cola, Mars and M&M's were brand sponsors.
This says a lot....a real lot.
------------
"We are excited to be showcasing new and emerging artists from Warner Bros. Records and believe the Peeks livestreaming platform combined with our schedule of original programming, which will include performances from emerging artists such as Dylan Gardner, can drive both awareness and a new fan base for both these artists and the Peeks platform," said Mark Itwaru, chief executive officer of Keek.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25408998#5yR3Qa3jJc6UMArt.99
CHUMP CHANGE VALUATION AND A TIGHT FLOAT
$28 million CDN current valuation.
The CEO and insiders have 50% of the float.
I know a few guys that hold about 10% of the float collectively.
Right now, the stock is principally being bought by Canadian investors.
This company and its new CEO are more about pushing the app than pushing a stock.
Frankly, if they were pumping, they could've lined up all kinds of US press but instead they choose to proceed methodically.
Ultimately on corporate success, the stock will take care of itself especially given the social commerce space and the transparency of the monetization model.
When the next iteration of livestreaming product promotion comes, celebrities of the highest order will flock here to capitalize and exploit their fan base.
With 5-10 million users, Peeks could outperform social properties with hundreds of millions of users and an outdated monetization ad model.
These companies are valued in the BILLLLLLLIONS.
Did I mention Peeks is valued @ $20 MILLION USD.
The potential upside here is breathtaking.
Enjoy the show tonight: HALLOWEEN HOUSE PARTY
Peeks.com--download the app tonight and catch the show.
Fundamental Data - KEK
Security Type Equity
Shares Issued 44,556,271
Market Cap 28,070,000
Year High 0.82
Year Low 0.185
Sector 45101010 - Internet Software & Services
Reply Quote Add Post To Favorites Follow Post
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25408276#X8w3u08QvpHBdbHC.99
WENT WITH PEEKS
This is excellent validation for Peeks.
US investors will take note.
I totally get why Peeks is going to aattract more relationships of this nature.
Showcasing and the enablence of real time monetization is a compelling business premise.
Peeks is the world's first TRUE SOCIAL COMMERCE platform.
This is an unbeatable edge over the competition.
------------------------
http://www.marketwired.com/press-release/warner-bros-records-to-utilize-the-peeks-platform-tsx-venture-kek-2170978.htm
-------------------------
About Warner Bros. Records
Warner Bros. Records is one of the most successful recording companies in music history and home to some of the most influential and innovative artists of our time. Its reputation and extraordinary roster of new and established recording artists is unparalleled, and its collective influence on pop culture is without precedent. With a visionary approach toward discovering and nurturing musical talent, the Warner Bros. Records family of labels is currently home to an impressive generation of major artists. The Warner Bros. roster includes Damon Albarn, Lily Allen, Avenged Sevenfold, The Black Keys, Michael Bubl, Gary Clark Jr., Biffy Clyro, Jason Derulo, The Flaming Lips, Foals, Goo Goo Dolls, Green Day, Josh Groban, Jenny Lewis, Linkin Park, Mac Miller, Wu-Tang Clan, Mastodon, Kylie Minogue, Muse, Nico & Vinz, Robert Plant, Prince, Red Hot Chili Peppers, Damien Rice, Regina Spektor, Tegan and Sara, Tom Petty and the Heartbreakers, Neil Young, and many others. Up-and-coming artists include Bebe Rexha, Big Data, Jr. Jr., Death from Above 1979, Echosmith, Kimbra, Lianne La Havas, Jake Miller, Priory, and Royal Blood. The rich and diversified catalog on the Warner Bros. family of labels includes recordings by Black Sabbath, Miles Davis, Dire Straits, the Grateful Dead, the Kinks, Madonna, Randy Newman, the Ramones, Talking Heads, James Taylor, Frank Sinatra, Van Morrison, Van Halen and others.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25404728#Br4OTzepMe8RvzlF.99
GHOULS N GOBLINS WERE NOT INVITED
This may turn out to be the hottest party of the year.
What a showcase of celebrity influencers under one roof.
Imagine the media outlets that will be there to cover the event.
PEEKS HAS THE EXCLUSIVE.
Download Peeks today.
Peeks.com.
HALLOWEEN HOUSE PARTY w/ Mario Lopez on Vimeo
https://vimeo.com › Erik › Videos
The hottest, funniest, sexiest Halloween Mansion party of 2016
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25403618#tlgwejX7pLJ5d06h.99
A UNICORN WITH A BUDDING HORN
Market Domination At All Costs
Vranic and spsniper have got me thinking.
While I readily agree Snapchat is an ideal suitor for Peeks, the chances of it happening are not so certain.
Here's why: Facebook nor YouTube (Google) can afford to have Snapchat snag Peeks simply because Peeks monetization edge will give the winning suitor social commerce domination.
Think about it.
When critical mass intersects with monetization enablence in an online social setting, a a ton of money is going to be made.
This is an incontrovertible fact.
Facebook offered to buy Snapchat for $3 Billion USD despite the fact Snapchat had
zero revenues at the time.
Facebook was looking for a mobile land grab---garnering a larger mobile user market share.
Being King of the desktop is a proposition for diminishing returns in today's smart phone environment.
Today, it's all about mobile and mobile users.
Snapchat is the King of mobile and enjoys a high user engagement.
The heat of the online social space continues to manifest itself in escalating valuations..
Snapchat or Snap is being valued at $40 billion USD despite its ongoing struggle with monetization.
Twitter is valued at $12 Billion USD and shares the same struggle with the additive of slowing user growth.
Pinterest is valued at $11 billion USD and needs a monetization tweek.
YouTube as a standalone is estimated to be worth up to $90 billion USD.
Facebook in all its composite parts is valued at $305 BILLION USD.
Google is valued at $273 BILLION USD.
Wow.
Wow.
Peeks IS CURRENTLY VALUED AT $17 MILLION USD.
That's 17 million NOT BILLION.
For a certainty, Peeks will be targeted but as you can see, the playing field is not limited to a single suitor.
When the time comes, there will be a bidding war.
As shareholders of the public entity, there will be much excitement in the weeks and months ahead.
I fully expect a buyout.
It remains to be seen by whom and for how much.
While we wait, Itwaru continues to prove out his social commerce revenue thesis.
http://seekingalpha.com/instablog/1107010-edward-vranic-cfa/4927794-countdown-november-fun-peak-peeks-shareholders
http://blogs.wsj.com/digits/2013/11/13/snapchat-spurned-3-billion-acquisition-offer-from-facebook/
Snapchat IPO Valued at Up to $40 Billion - Breitbart
www.breitbart.com › 2016/10/27 › snapc...
2 days ago - Bloomberg reported Wednesday that the social media juggernaut Snapchat has filed to go public at the jaw-dropping valuation of up to $40 billion. Snap Inc., the Venice, California parent of Snapchat, ...
Is Pinterest Really Worth More Than Twitter? -- The Motley Fool
www.fool.com › investing › 2016/06/12
Jun 12, 2016 at 7:09PM. Pinterest Logo. Source: Pinterest. The funding freeze facing start-ups today has shone a bright light on the soaring valuations of privately held unicorns
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25401932#wpkFdGpbFS1jePyu.99
A UNICORN WITH A BUDDING HORN
Market Domination At All Costs
Vranic and spsniper have got me thinking.
While I readily agree Snapchat is an ideal suitor for Peeks, the chances of it happening are not so certain.
Here's why: Facebook nor YouTube (Google) can afford to have Snapchat snag Peeks simply because Peeks monetization edge will give the winning suitor social commerce domination.
Think about it.
When critical mass intersects with monetization enablence in an online social setting, a a ton of money is going to be made.
This is an incontrovertible fact.
Facebook offered to buy Snapchat for $3 Billion USD despite the fact Snapchat had
zero revenues at the time.
Facebook was looking for a mobile land grab---garnering a larger mobile user market share.
Being King of the desktop is a proposition for diminishing returns in today's smart phone environment.
Today, it's all about mobile and mobile users.
Snapchat is the King of mobile and enjoys a high user engagement.
The heat of the online social space continues to manifest itself in escalating valuations..
Snapchat or Snap is being valued at $40 billion USD despite its ongoing struggle with monetization.
Twitter is valued at $12 Billion USD and shares the same struggle with the additive of slowing user growth.
Pinterest is valued at $11 billion USD and needs a monetization tweek.
YouTube as a standalone is estimated to be worth up to $90 billion USD.
Facebook in all its composite parts is valued at $305 BILLION USD.
Google is valued at $273 BILLION USD.
Wow.
Wow.
Peeks IS CURRENTLY VALUED AT $17 MILLION USD.
That's 17 million NOT BILLION.
For a certainty, Peeks will be targeted but as you can see, the playing field is not limited to a single suitor.
When the time comes, there will be a bidding war.
As shareholders of the public entity, there will be much excitement in the weeks and months ahead.
I fully expect a buyout.
It remains to be seen by whom and for how much.
While we wait, Itwaru continues to prove out his social commerce revenue thesis.
http://seekingalpha.com/instablog/1107010-edward-vranic-cfa/4927794-countdown-november-fun-peak-peeks-shareholders
http://blogs.wsj.com/digits/2013/11/13/snapchat-spurned-3-billion-acquisition-offer-from-facebook/
Snapchat IPO Valued at Up to $40 Billion - Breitbart
www.breitbart.com › 2016/10/27 › snapc...
2 days ago - Bloomberg reported Wednesday that the social media juggernaut Snapchat has filed to go public at the jaw-dropping valuation of up to $40 billion. Snap Inc., the Venice, California parent of Snapchat, ...
Is Pinterest Really Worth More Than Twitter? -- The Motley Fool
www.fool.com › investing › 2016/06/12
Jun 12, 2016 at 7:09PM. Pinterest Logo. Source: Pinterest. The funding freeze facing start-ups today has shone a bright light on the soaring valuations of privately held unicorns
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25401932#wpkFdGpbFS1jePyu.99
NEXT WEEK
Should hold some excitement.
Monday night is the Xclusive Peeks Halloween bash with a ton of social media celebrities.
I'm expecting a fair bit of downloads for the Peeks app.
Sometimes it's an event like this can trigger a viral effect---we'll know soon enough.
Tuesday is the transitioning of Keek users onto Peeks.
When this occurs, the Peeks app will have a population explosion.
Also, Peeks is gearing up to push out their offer box initiative sometime soon.
This is the revenue rich social commerce angle that will bring in both consumer users and merchants.
With all that's going on, you can bet there's one or two social giants--maybe even 3 sneaking PEEKS at the social commerce landscape.
Peeks got it going on.
An epic run is ahead of us.
The Peeks app will not be limited to transactions between users, with merchants being a target area for the future growth of the service. "Social commerce is not just about consumers, it involves businesses as well. With 50 per cent of millennial spend occurring on-line, and 50 per cent of millennials likely to make a purchase on a social network, merchant tools are a key part of our development cycle. Interactive live streaming has placed us back at the forefront of social, and exciting upcoming merchant tools will place us at the forefront of social commerce," said Alex Macdonald, chief financial officer of Keek.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.kek&postid=25396974#wC2QDHroAbRdGIqy.99
JUSTIN BIEBER'S EX DJ-ING THE MARIO LOPEZ HALLOWEEN PARTY
Check out her youtube video pumping Peeks.
GREAT EXPOSURE FOR PEEKS APP
Tickets are $500 but you can watch on Peeks for free.
SOURCE: Keek Inc.
Keek Inc.
October 25, 2016 08:00 ET
Peeks to Be Front and Center at Star Studded Los Angeles Halloween Party
"Halloween House Party" to be Broadcast Exclusively on Peeks, Event to Feature Special Guest Mario Lopez and Celebrity Influencers such as Sommer Ray, Sarah Stage, and Emily Sears
TORONTO, ON--(Marketwired - October 25, 2016) - Keek (TSX VENTURE: KEK) (OTCQB: KEEKF) today announced that the new livestreaming service "Peeks," which will soon be consolidated with the existing Keek services, will be in the Hollywood limelight on October 31st as the exclusive broadcaster of the "Halloween House Party." The star studded event kicks off at 7pm PDT, 10pm EDT, on Monday, October 31st, 2016, at a secret location in Los Angeles, and live on Peeks.
The event will be broadcasted from multiple locations inside the venue through the use of over 12 cameras and a studio TriCaster that will be fed directly into the Peeks platform. The setup will provide guests the chance to interact directly with the Peeks audience, who can respond with questions, comments, and of course "likes," in real time. Viewers of the event will have the ability to change outcomes, request to see more of their favourite celebrity influencers, and even dare partygoers to perform silly stunts, all by utilizing the interaction tools available to them inside Peeks. The guest list for the event includes over 100 celebrity influencers, several of which are already Peeks broadcasters, and will be streamed from the @CITV user account inside the Peeks service.
"We are thrilled to bring this fun and exclusive content to our users. Equally important, on October 31st, we have an amazing opportunity to showcase the Peeks service to over a hundred celebrity influencers," said Mark Itwaru, CEO of Keek. "The influencer program at Keek was always a success, we are going to leverage that and bring it back in a big way." The "Halloween House Party" livestream will represent the first major broadcast of original content on the new Peeks service. Original content is part of the roadmap for the Peeks service, and current initiatives include original programming events spanning multiple verticals from music to sports to live sitcoms which will allow for audience participation.
The Halloween event comes on the eve of the launch of the Peeks service to the Keek user base. The Peeks service launch will bring a brand new e-commerce enabled live streaming service to the popular well-known social network Keek, which will be adopting the name "Peeks."
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 implementation, timing, and replacement of the Keek services with the Peeks live-streaming services, as well as the timing, attendance, and broadcasting of a live event on October 31, 2016. 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. Keek's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Keek undertakes no obligation to publicly update or revise any forward-looking information.
CONTACT INFORMATION
For further information, please contact:
Keek Inc.
Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
mark@keek.com
LOOKING TO ESTABLISH IN OTHER STATES--CALIFORNIA?
Nutritional High Provides an Update on Its Colorado Project; Announces Roadshow in Germany
TORONTO, ONTARIO -- (Marketwired) -- 10/24/16
Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE: EAT)(OTCQB: SPLIF)(FRANKFURT: 2NU) wishes to provide an update on its launch in Colorado.
With the assistance of the Company, Palo Verde has completed its Phase I equipment installation, which includes oil extraction equipment and security systems. Palo Verde is moving quickly to complete all local inspections to allow it to launch production of cannabis oils and cannabis-infused products.
Jim Frazier CEO of Nutritional High commented: "Our vision is to become the market leader in marijuana oils and edibles and we will accomplish this through the quality, creativity and innovation of our product offerings. Shortly after Palo Verde launches our oil products, they will bring to market the edibles lines we are developing which we believe will have an immediate impact on how current and new consumers view the overall infused-edible experience. Creativity-Innovation-Execution is how Nutritional High will take the industry to a new level.
"While working to launch in Colorado, we are also taking steps to establish Nutritional High in several other US states. We expect the launch of our marijuana oils and edibles by Palo Verde in Colorado to be the first of many milestones as we roll out our core business plan."
Nutritional High will provide a specific launch date for production in Colorado once local inspections are complete, and will provide additional details on its branding strategy, which will include both Jimi Hendrix branded products and proprietary brands being developed by the Company.
Road Show in Germany
Nutritional High also wishes to announce that its Chairman, David Posner, is visiting Germany this week as part of an investor road show. While in Germany, Mr. Posner will also meet with consultants and potential partners to advance the Company's international expansion strategy.
"We are committed to developing and growing a significant presence in Europe - both an investor base and eventually production and distribution for our product offerings," commented Mr. Posner.
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law and presently has operations in Illinois and is in the process of launching operations in Colorado.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Contacts:
Boom Capital Markets Inc.
Steven Low
(647) 620-5101
steve@boomcapitalmarkets.com
www.boomcapitalmarkets.com
Nutritional High International Inc.
David Posner
Chairman
(647) 985-6727
dposner@nutritionalhigh.com