We’re a bit late to this one… however again in July United Video games Advertising introduced it had been totally acquired by Investview.
The quantity Investview paid for United Video games Advertising was not disclosed.
The acquisition of UGM, amongst different issues, will give Investview entry to “19,000 energetic paying clients” and a “1.5 million individual database”.
United Video games Advertising launched in mid 2016. The preliminary idea was a sports activities playing app tied to a digital token.
Initially there was cash tied to the token, however after a authorized evaluation tokens had been as a substitute linked to prizes.
The corporate quickly bumped into compliance issues, delaying the launch of the app till late 2016.
After launch issues appear to quieten down. We didn’t hear something a lot on our finish.
Alexa site visitors statistics present a relative regular visitor-count to the United Video games Advertising for many of 2017, so it wasn’t an entire flop.
As of December 2017, site visitors sharply declined and by April it was tanking.
In a advertising and marketing video dated August 1st, UGM co-founder Natalyn Lewis acknowledged;
we (UGM) discovered there was simply not sufficient quantity in a single sport to create a considerable alternative for our associates.
Associates didn’t make sufficient cash. We knew that. All people knew that.
I think about the sale to Investview was to save lots of what was left.
Within the aforementioned advertising and marketing video, Lewis claims UGM was trying into integrating cryptocurrency into their FireFan app.
That’s what basically result in the connection with Investview and Kuvera International.
Whereas I can swallow Unites Video games Advertising gaining access to 1.5 million electronic mail addresses (the launch hype was actual), the corporate nonetheless having 19,000 energetic paying clients appears a little bit of a stretch.
Then again Investview is a publicly traded firm nevertheless and that’s what they’re placing on the market – so who is aware of.
For now the phrases of the acquisition will see United Video games Advertising proceed to function as an impartial entity.
One worrying side of the acquisition is Kuvera International being pushed onto UGM associates and clients.
Regardless of US regulators cracking down on cryptocurrency funding alternatives for securities fraud, Kuvera International continues to flaunt its unregistered cloud mining alternative in entrance of the SEC.
How lengthy it will proceed for is unclear. As we talked about earlier Investview is registered with the SEC, nevertheless the Kuvera International funding alternative just isn’t.
Alexa at the moment cite the US because the fourth largest supply of site visitors to the Kuvera International web site, behind Nigeria (18%), Brazil (16%) and Mexico (13%).