Pigsback - Free cash for clicks - Newbies please read the First Post!

Glyndwr_2

Entertainment
http://www.pigsback.com/Pages/4/191/...2c1495%2cVOVTN
1988

Travel
http://www.pigsback.com/Pages/4/209/...2c1697%2cVOVTN
Bali

Fashion & Beauty
http://www.pigsback.com/Pages/4/276/...2c2490%2cVOVTN
0.95

Homepage Quiz
http://www.pigsback.com/Pages/4/7/12.aspx?pbq=1269%2c1269%2cVOVTN
17

Yorkie410

I picked this up from the Irish Pigsback forums:

It might be worth cashing in any piggypoints that you have?

Auditors raise fears for Pigsback
SATURDAY, OCTOBER 31, 2009

THE future of Empathy Marketing, the company behind the pigsback loyalty brand, has been questioned by its auditors in its latest accounts.

The company’s accounts show a loss of €5,077,433 for the year ending in December 2008, with net liabilities of €1.6m, compared with a profit of €352,000 the previous year.
Auditors Deloitte said such losses "cast significant doubt about the company’s ability to continue as a going concern".
While Empathy attributes its losses to the fall in marketing and online advertising spend, its level of debt is sinking any potential for profitability.
Turnover of €3.1m generated a gross profit of €2.6m, an inter company loan provision of €4.8m and administrative expenses of €2.7m combined to create an operating loss of €4.8m before tax.
The firm received a €4m injection from private investor Hotbed in 2005.
The company also launched its British operation in 2005, and has since attracted clients such as CDWow, Oasis and Tesco to its customer incentive programmes and its online "permission marketing" services. It had hoped its British operations would break even this year. The firm also has Bank of Ireland, eBay and Aer Lingus as clients.
The directors’ report cites remuneration as being critical for the company’s sustainability, in order to retain key staff. It also says it has cut its operating costs significantly in order to regain a positive cash flow.
The company is run by founder Michael Dwyer, who has 1.3 million shares in the firm.

This story appeared in the printed version of the Irish Examiner Saturday, October 31, 2009

lucyscarp

Eeeh, wunder what will happen to our points

mbb123

Entertainment
http://www.pigsback.com/Pages/4/191/1039.aspx?pbq=1495%2c1495%2cVOVTN

mariah carey

Travel
http://www.pigsback.com/Pages/4/209/1145.aspx?pbq=1697%2c1697%2cVOVTN

1991


Fashion & Beauty
http://www.pigsback.com/Pages/4/276/1643.aspx?pbq=2490%2c2490%2cVOVTN

age spots


Homepage Quiz
http://www.pigsback.com/Pages/4/276/1643.aspx?pbq=2490%2c2490%2cVOVTN

john c mcginley

CSandL

Edited because links are now fixed :beer:

mbb123

CSandL

posted then checked links and edited post just as quick as i could you found out slightly quicker.

CSandL

It was only because I was posting at exactly the same time! :beer:

luxor4t

Yorkie410 wrote: »

I picked this up from the Irish Pigsback forums:

It might be worth cashing in any piggypoints that you have?

Auditors raise fears for Pigsback
SATURDAY, OCTOBER 31, 2009

THE future of Empathy Marketing, the company behind the pigsback loyalty brand, has been questioned by its auditors in its latest accounts.

The company’s accounts show a loss of €5,077,433 for the year ending in December 2008, with net liabilities of €1.6m, compared with a profit of €352,000 the previous year...... snipped

This story appeared in the printed version of the Irish Examiner Saturday, October 31, 2009

It is in the UK forum now but, not surprisingly, no body has responded & only 13 people are shown as having read it
http://forums.pigsback.co.uk/topic.asp?TOPIC_ID=37035

lesliejack

luxor4t wrote: »

It is in the UK forum now but, not surprisingly, no body has responded & only 13 people are shown as having read it
http://forums.pigsback.co.uk/topic.asp?TOPIC_ID=37035

When Pigsback Canada closed, it was without warning, leaving a lot of unhappy piggies squealing about lost points etc.

http://www.canadianfreestuff.com/forum/f169/pigsback-is-gone-21542/

this is the forum giving an insight into the aftermath.

kernalpop

The homepage link above didn't work for me and was thre same as Fashion & Beauty.

Here is the homepage link incase anyone else needs it.

http://www.pigsback.com/Pages/4/7/12.aspx?pbq=1269%2c1269%2cVOVTN