Business Summary
Founded in 2009 and based in Red Bank, New Jersey, PeopleString Corporation is an incentive-based social networking platform which allows users to share the revenue generated from their online communication and social networking through its Website, PeopleString.com. Its PeopleString social network allows individuals, entrepreneurs, and small business to manage their personal/business affairs, and social communications into one online dashboard. The PeopleDeals and Marketplace Platform enable local merchants to use social media as part of their marketing campaigns. PeopleString Corporation 157 Broad Street Suite 109 Red Bank, NJ 07701 United States - Map Phone: 732-741-2840 Fax: 732-741-2842 Website: http://www.peoplestring com Details Index Membership: N/A Sector: Technology Industry: Internet Information Providers Full Time Employees: 7 Business Summary Founded in 2009 and based in Red Bank, New Jersey, PeopleString Corporation is an incentive-based social networking platform which allows users to share the revenue generated from their online communication and social networking through its Website, PeopleString.com. Its PeopleString social network allows individuals, entrepreneurs, and small business to manage their personal/business affairs, and social communications into one online dashboard. The PeopleDeals and Marketplace Platform enable local merchants to use social media as part of their marketing campaigns. Key Statistics Search Yahoo! for: More on PeopleString Corporation Key PeopleString Executives : Mr. Darin M. Myman Chief Exec. Officer, Pres Mr. Robert S. DeMeulemeester Chief Financial Officer, Principal Accounting Officer, Exec. VP, Treasurer, Director and Chairman of Audit Committee Mr. Adam M. Kotkin Chief Operating Officer, Sec., Director and Member of Audit Committee View Insiders NOTE: The above information is extracted from: http://finance.yahoo.com/q/pr?s=PLPE.OB Yahoo! Finance PeopleString Corp Message Board : |
PeopleString Quarterly Report
PeopleString Corporation (PLPE) filed their 10-Q with the SEC on August 14, 2012.
Much of the rhetoric is the same as presented in their May 2012 10-Q filing although the numbers are depressingly worse. For example, revenues earned for three months ended June 30, 2012 were a dismal $37, 995! This is a $265,226 decrease of revenues of $303,221 earned in the three months ended June 30, 2011. Revenues generated from the Share It Up! program were equally disappointing at $12,725 generated from product & service fees and the $10,773 earned from advertisers and affiliates as compared to the $164,500 from product and service fees and $138,721 from advertisers and affiliates for the three months ended June 30, 2011. The agonizing decrease is attributed a decrease in premium subscriptions. The decrease in advertising and affiliate fees are said to be secondary to reduced traffic as a consequence to a reduced number of users. The six month reports reflect advertising and affiliate free revenue reductions upwards of a half million dollars (a $513,927 decrease from revenues of $579,523 earned in the six months ended June 30, 2011). PeopleString's cash balance of $78,155 (as of June 30, 2012) is down from the December 21, 2011 balance of $400,724 due to overall net losses. As PeopleString management indicated in the last report the current cash balance is insufficient to fun the minimum level of operations for another year. While they expect to continue development, promotions, and their service offerings it is likely that additional funds will be required to continue operations. Failing the acquisition of adequate financing then PeopleString would be forced to seek bankruptcy protection. It's not unreasonable to assume that the delay in PeoplePoint distribution is a reflection of the dismal performance of PeopleString revenue or worse, an unannounced restructuring of their business efforts. PeopleString Quarterly Report
PeopleString Corp (PLPE) filed their 10-Q with the SEC on May 21, 2012 documenting the financial condition of the company and proving weak performance in terms of revenue. The company is operating at a loss with inadequate funding to support the operations over the next 12 months. It's possible that additional funding will be sought through various means. More complete insight into can obtained on the Peoplestring Social Network 10-Q report in our RSS feed.
PeopleString to gain a new CEO and 51% stake of Gasoline Discount Club
by Admin PeopleString Review
Peoplestring Corp. (PLPE) announced on April 20 that Scott Harkness, the current CEO of BiLo Media will be the new Chief Executive Officer following closing of a transaction in which Peoplestring will assume 51% ownership of MiLo Media in exchange for 10 million shares of PeopleString stock. The current PeopleString president and CEO, Darin Myman commented that PeopleString would be taken to the next level under the leadership of Scott Harkness. It is hoped that this is the means to making PeopleString a household hame. BiLo Media develops and distributes a platform that powers gasoline discount clubs through pre-paid cards and discount programs.The team has experienced gained from working with companies such as Nike, USA Today, Glaxo Smith Koine, IBM, ALDI Food, and more so they definitely have the clout of seasoned marketing and distribution experience I'm anxious to see if the new leadership does spark a resurgence of interest in PeopleString and actually moves the social media company into the commonplace. PeopleString Penny Stocks: Good opportunity for shrewd investors?
by Admin PeopleString Review
November 9, 2011: If you're a penny stock trader and looking to cash in on a company with some potential then you may want to glance at the recent trading activity of PeopleString Corp. (PLPE). It's been months since there has been any trading activity of any significance and at figures 7 to 8 times the current $.12 on light volume. Why now? At such a low it represents a great entry point for penny stock traders hoping to cash in once trading activity increases. When Wall Street notices the trend you may well see a big move of the trading figures. As you know, there doesn't have to be huge volume - even moderate increase can initiate a trading run and those who bought low can of course reap real benefit! PeopleString Corp. Appears on Nasdaq 'Threshold Securities' List
RED BANK, N.J., Oct. 6, 2011: PeopleString Corp has appeared on the list of "threshold securities" generated by the Nasdaq Stock Market since Oct. 1, 2011 (the past 6 days). A "threshold securities" list is published daily to comply with US Securities and Exchange Commission's Regulation SHO.
The list identifies stocks for which sellers failed to deliver 10,000 shares or more of the previous five trading days. The level of “fails” is a minimum of 0.5% of the shares outstanding. The appearance of a company's stock on this list is not to suggest that there has been any wrong doing (often in the form of abusive naked short selling or illegal trading) but it does suggest that "something is wrong here!" according to explanation by the Motley Fool. NOTE: For more information on threshold securities, see: http://www.sec.gov/spotlight/keyregshoissues.htm SOURCE: Nasdaq PRESS RELEASE
by Admin PeopleString Review
RED BANK, N.J., Sept. 20, 2011: Peoplestring Corp, a multi-tiered social networking company that shares its revenue generated from advertising with it's active free membership base entered a marketing agreement with Cameo Stars. According to the agreement, Cameo Stars will market the ShareItUp technology to national brand names. Share It Up technology is implemented in PeopleStrings PeopleDeals affiliate program. Cameo Stars is a social entertainment group with relationships with leading celebrities and film production companies including DreamWorks Animation and Paramount Pictures. Cameo Stars CEO, Daren Hornig, commented "We're excited about the opportunity to work with PeopleString, which we believe will create great opportunities for our customers by leveraging our collective technology and relationships. We believe the Share It Up platform is an effective tool for marketers to leverage their existing fan base and turn them into advocates that increase purchasing behavior among their social graphs." Peoplestring shares about 70% of its advertising and affiliate marketing revenues with its members. Launched in April 2011, the PeopleDeals shareitup technology encourages customer loyalty and the consumer can increase the value of coupon deals by sharing the offer with friends and family across social networks (Facebook, Twitter, PeopleString, Blogger, MySpace, TypePad, Delicious,LiveJournal, text or email). PeopleDeals, unlike competing group coupon services, allow businesses to custom make their deals to suit their own needs. The merchant can decide ahead of time the maximum savings they will allow on an offer to ensure they obtain maximum profitability. PeopleString CEO, Darin Myman, has stated “PeopleDeals makes more expensive marketing channels unnecessary and passes those savings along to the consumer in the form of better deals and bigger discounts.” PeopleDeals offers a free 2 week trial for businesses and is available for $80/mo or $649 anually. The service is 100% free for consumers. In addition to PeopleDeals, PeopleString free membership offers you with access to recall email and earn a small revenue by recruiting others to join the free program. Yahoo! Finance quotes and news headlines for PeopleString Corp (PLPE)
PeopleString Corporation (PLPE)
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