Peeks Social Ltd. Announces Financial Results for the Three Months Ended November 30, 2017
Summary
Net loss for Q3 2018 includes $192,532 of stock-based compensation and $416,458 of marketing expenses focused on user growth initiatives (Q2 2018 - $290,563 and $860,610 respectively).The Company intends to pursue the acquisition of all underlying intellectual property and technology assets relating to the Peeks Social platform in order to acquire a 100% interest in the product (see press releases dated July 25, 2017, November 14, 2017, and December 15, 2017).In the first thirteen months since its launch on November 1, 2016, the Peeks Social platform processed approximately $3,500,000 of transactions between users.Certain information provided in this news release is extracted from the unaudited Financial Statements and MD&A for the third quarter ended November 30, 2017, and should be read in conjunction with them.Except as required by law, Peeks Social Ltd. undertakes no obligation to publicly update or revise any forward-looking information.