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Recent months have not been easy for any of us, as we have all had to make significant changes in the way we do business. A worldwide recession, governmental regulation, and increased pressure from card associations and banks have combined to make the adult industry a more challenging place to do business. In response to that environment, and after much consideration, we have decided that we can best serve our clients by focusing on our core competencies--Adult Check and affiliate programs such as AC Movie Pass (ACMP), AC Prime, and AC Sex Toys.
We appreciate your patience during the past few weeks. We've been working around the clock, and are pleased to announce that EGS Pay is in the process of being acquired by a large e-commerce company. We expect to issue a detailed joint press release tomorrow, and processing of new and pending sales will resume shortly thereafter.
The past year has seen dramatic industry and economic shifts, and we have realigned our staffing and priorities have to address these changes. To adapt to the current environment, we will phase out the existing incarnations of AC Free and Gay Mega Sites (GMS) to focus on our core products. Beginning August 1, 2003, AC Free will no longer purchase email addresses from its clients. Any credits accrued through that date will be paid out according to our regular payment schedule. Existing AC Free sites will remain online, allowing clients to continue to receive upsells from existing members.
On August 15, 2003, we will remove the GMS links list. Vendors will retain existing rebills and continue to be paid. We will soon add a large amount of content to Club GMS to better serve existing members and assist with retention. Existing GMS sites will be grandfathered into the AC Gold program on a fast track, despite the fact that some of them may not meet the program's new 1000-picture minimum standard. Please contact Bryan at [email protected] to begin the process of migrating your sites.
Our core business is strong, stable, and profitable. Adult Check remains the first and largest product of its kind, ACMP continues to maintain an average membership retention of more than 8-months. Adult Check, ACMP and our other affiliate programs will continue to lead the industry. These programs have always been successful and profitable for everyone involved, and with additional resources to build on the industry's first, largest, and most reliable platform, they will become more profitable in the future.
We regret any inconvenience this may have caused. Our new management is focused on providing our clients with the best of what we do. By reducing the number of peripheral products we will be supporting, we can and will provide improved service for our core offerings. Please rest assured that all future development will be directed toward these efforts. We will, for instance, shortly unveil a new content area for AC members and a trouble-ticket system for clients that will allow us to provide much more efficient webmaster support. We will soon announce additional exciting new innovations for our core products.
We value your business. In our six-year history, we have never missed a payout, and we will continue to provide our clients with the industry's best products and the highest possible standard of service. We look forward to a continued good relationship, and increased focus and profitability for all of us.
Sincerely,
Tim Umbreit
President
Recent months have not been easy for any of us, as we have all had to make significant changes in the way we do business. A worldwide recession, governmental regulation, and increased pressure from card associations and banks have combined to make the adult industry a more challenging place to do business. In response to that environment, and after much consideration, we have decided that we can best serve our clients by focusing on our core competencies--Adult Check and affiliate programs such as AC Movie Pass (ACMP), AC Prime, and AC Sex Toys.
We appreciate your patience during the past few weeks. We've been working around the clock, and are pleased to announce that EGS Pay is in the process of being acquired by a large e-commerce company. We expect to issue a detailed joint press release tomorrow, and processing of new and pending sales will resume shortly thereafter.
The past year has seen dramatic industry and economic shifts, and we have realigned our staffing and priorities have to address these changes. To adapt to the current environment, we will phase out the existing incarnations of AC Free and Gay Mega Sites (GMS) to focus on our core products. Beginning August 1, 2003, AC Free will no longer purchase email addresses from its clients. Any credits accrued through that date will be paid out according to our regular payment schedule. Existing AC Free sites will remain online, allowing clients to continue to receive upsells from existing members.
On August 15, 2003, we will remove the GMS links list. Vendors will retain existing rebills and continue to be paid. We will soon add a large amount of content to Club GMS to better serve existing members and assist with retention. Existing GMS sites will be grandfathered into the AC Gold program on a fast track, despite the fact that some of them may not meet the program's new 1000-picture minimum standard. Please contact Bryan at [email protected] to begin the process of migrating your sites.
Our core business is strong, stable, and profitable. Adult Check remains the first and largest product of its kind, ACMP continues to maintain an average membership retention of more than 8-months. Adult Check, ACMP and our other affiliate programs will continue to lead the industry. These programs have always been successful and profitable for everyone involved, and with additional resources to build on the industry's first, largest, and most reliable platform, they will become more profitable in the future.
We regret any inconvenience this may have caused. Our new management is focused on providing our clients with the best of what we do. By reducing the number of peripheral products we will be supporting, we can and will provide improved service for our core offerings. Please rest assured that all future development will be directed toward these efforts. We will, for instance, shortly unveil a new content area for AC members and a trouble-ticket system for clients that will allow us to provide much more efficient webmaster support. We will soon announce additional exciting new innovations for our core products.
We value your business. In our six-year history, we have never missed a payout, and we will continue to provide our clients with the industry's best products and the highest possible standard of service. We look forward to a continued good relationship, and increased focus and profitability for all of us.
Sincerely,
Tim Umbreit
President
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