TORONTO, ON -- (Marketwired) -- 04/17/17 -- Peeks Social Ltd. (TSX VENTURE: PEEK)(OTCQB: KEEKF) is pleased to announce that Apple has approved a new version of the Peeks iOS app which includes the OfferBox, Direct Messenger, and various other improvements. All new features are currently available on iOS devices. The Android version will be released imminently.
The OfferBox allows users to create actionable incentives that can be distributed to viewers of livestreams and archived videos. All users have the ability to connect products or services from their own e-commerce websites or those of their affiliates or sponsoring brands. Digital products will be directly deliverable inside the Peeks app in an upcoming version. The Peeks service has the ability to monetize these Cost-Per-Action campaigns by charging a percentage of the gross sales price of items sold through the OfferBox, typically ranging from 5% to 12% on physical goods and 5% to 50% on digital goods. The OfferBox also has the ability to monetize the delivery of the incentives at a rate of $3.00 to $10.00 per thousand impressions.
An advanced version of the OfferBox is available for select approved merchants. These merchants will have the ability to leverage the Peeks internal e-commerce engine to deliver actionable incentives and process payments all within the Peeks eco-system. The Peeks service will charge between 2.5% and 5% per transaction for this feature on top of the Cost-Per-Action and Cost-Per-Impression fees.
The Company is now actively on-boarding merchants and influencers who will be participating in the OfferBox launch. The Company expects a healthy marketplace to evolve over the coming weeks which will include an array of products and services from multiple merchants.
"The OfferBox is one of the core flagship technologies of the Peeks social commerce roadmap and we are thrilled to deploy it to the growing service. Our team will now actively advance the OfferBox and the Peeks service as a whole by on-boarding our merchant partners and continuing to expand our influencer program," said Mark Itwaru, CEO of Peeks Social Ltd.
The release also includes the Direct Messenger feature which was designed to heighten daily usage by allowing users to interact outside of the livestream environment. Users can now message each other to ask questions about products or services being sold, enquire about content, or simply to interact.
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.
The information and statements in this news release contain certain forward-looking information relating to the implementation and functionality of certain e-commerce tools for the Peeks product, including the Company's expectations regarding pricing levels and fees. 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. Peeks Social Ltd.'s forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Peeks Social Ltd. undertakes no obligation to publicly update or revise any forward-looking information.
For further information, please contact:
Peeks Social Ltd.
Chairman & Chief Executive Officer
Source: Peeks Social Ltd