Peeks Social to Launch Subscription Service

Rhea-AI Summary

Personas Social Incorporated (PKSLF) announced the launch of a new subscription service on its Peeks Social platform starting September 2021. This service will enable content creators to offer monthly subscriptions, enhancing customer retention and establishing a new source of recurring revenue. Additionally, the platform has been upgraded to support various media types, allowing creators to upload and sell diverse content. Unlike competitors, Peeks Social offers daily payouts and fully functional mobile apps.

Positive

• Launch of subscription service to enhance customer retention.
• New source of recurring revenue expected from subscription model.
• Upgrade allows creators to sell diverse content types.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Personas Social Incorporated (TSX.V: PRSN) (OTCQB: PKSLF) (the “Company”) is pleased to provide an update on its Peeks Social service

Subscription Service (Photo: Business Wire)

The Company is pleased to announce that it is launching a subscription service September 2021 on its Peeks Social platform. Peeks Social is an ecommerce enabled live-streaming platform that allows streamers to interact and transact with a global audience. Here-to-for, content on the Peeks Social platform was only available on a pay-per-view basis. As of September 2021, Peeks Social will allow its content creators to sell monthly subscriptions to their content. In addition, the company has upgraded the Peeks Social platform to facilitate the upload of images and other media types, thereby allowing content creators to create and sell a variety of content. Unlike its competitors, Peeks offers its users daily payouts, 2 fully functional mobile apps and a website.

Management believes that its subscription service will enhance customer retention and provide the Company with a significant source of recurring revenues. For more information on Peeks Social upcoming release of its subscription services please visit us at https://www.peeks.social/new-features-launching-fall

Forward Looking Statements

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect", "plan", "intend", "anticipates", "projects", "potential" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Forward-looking statements are statements that are not historical facts. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are risks detailed from time to time in the filings made by the Company with securities regulations. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210909005205/en/

Personas Social Incorporated

Mark Itwaru

Chairman & Chief Executive Officer

416-639-5335

mark@Personas.com

Source: Personas Social Incorporated

FAQ

What is the significance of the new subscription service launched by PKSLF?

The subscription service launched by PKSLF aims to enhance customer retention and create a recurring revenue stream.

When is the subscription service for Peeks Social expected to launch?

The subscription service for Peeks Social is set to launch in September 2021.

What benefits does Peeks Social offer compared to its competitors?

Peeks Social provides daily payouts and has upgraded its platform to allow a variety of content uploads, unlike competitors.

How will the new subscription model impact the financials of PKSLF?

The subscription model is anticipated to provide a significant source of recurring revenues, positively impacting PKSLF's financials.