What's Up With Epic (Azoogle) Payments?

Will Epic Fold?

  • Yes

    Votes: 218 74.1%

  • No

    Votes: 76 25.9%
  • Total voters
    294


jetto said:
What's "Hosted Division"?
Click to expand...
We did not acquire the hosted division.

We've acquired a select number of domains which were run through Epic's Hosted Division to bring onto our network.

Very kick-ass offers that needed a new home ;)
 
k_rock said:
We did not acquire the hosted division.

We've acquired a select number of domains which were run through Epic's Hosted Division to bring onto our network.

Very kick-ass offers that needed a new home ;)
Click to expand...



Got this from Mundo.

"We’re excited to announce that we just acquired the hosted division of Epic Advertising. A huge win for us, and we’ll be rolling out all of our own lead gen offers in several different verticals over the coming weeks."
 
Must've been improper wording from an AM. Its some key domains as opposed to an entire division.
 
jetto said:
LATEPASS? they had what? close to a year to do that? if they didn't only themselves to blame.
Click to expand...
Epic had been late on my Net 15s for a few months, but had always managed to still pay within Net 30 (the "official" terms), so there was no reason for me to stop running until they missed the Net 30 mark.

Hoping to be able to recover something (preferably everything, but who am I kidding?), but I'm sure they have secured creditors that come first in line...
 
Velo Holdings Inc, parent company of Neverblue, Lava Life and Vertrue, filed for bankruptcy with over $1 Billion in debt; Epic Media Group's Affiliate Division, formerly known as Azoogle, has reportedly stopped paying publishers and is filing for bankruptcy; and Adteractive announced that they would be closing their doors without fulfilling their financial obligations to publishers.

Who do you trust anymore.......
 
http://performinsider.com/2012/05/e...n=epic-may-file-bankruptcy-assetts-being-sold
We have additionally been told by insiders that the company had faced enormous financial difficult this year with tens of millions of dollars of unpaid debts from a variety of companies not willing to pay their bills. This caused significant cash flow issues and with a growing publisher base worried about payments, traffic dwindled.
Click to expand...

if they had come out and said what's going on then perhaps people wouldn't have stopped running traffic as much. The lack of clarity made me bail out on them
 
jicked said:
if they had come out and said what's going on then perhaps people wouldn't have stopped running traffic as much. The lack of clarity made me bail out on them
Click to expand...

I'll second that! They never sent out any communication about what was going on, but everyone knew things were not right... The lawyers and inexperienced management killed Epic..........
 
This was a very interesting experiment in cash flow management - which ultimately failed. But great effort.

/thread
 
You must log in or register to reply here.
Top Bottom